Property Fraud and Scams
Turkey is one of the best countries in the world for investment in property. House prices in Turkey have been increasing rapidly and property investors profit both while selling and renting their properties. However, Turkey has a complicated property law and it is being changed and updated regularly. Because of this fact, we recommend everyone who wishes to buy or sell property in Turkey to get professional legal support.
Property scams and property fraud crimes have increased in Turkey particularly in the last decade. Thousands of foreign people have bought properties in Turkey, especially in Istanbul, as an investment. Because of the housing bubble and as well massive demand for new properties, builders and construction companies started to sell properties before they start to build the project. The prominent problem in the Turkish real estate sector is that some construction companies cannot complete their projects because of some financial reasons. Thus, buyers sometimes cannot obtain the property they made payment for.
Counterfeiting and forgery are one of the most severe crime types in Turkish Criminal Code and the penalty of counterfeiting/forgery crime is depending on whether the document is official or not. The related articles in the Turkish Criminal Code as follows:
“Any person who conveys untrue declaration to a public officer being authorized to issue official document is punished with imprisonment from 3 months to 2 years, or imposed punitive fine.”
“Any person who counterfeits a personal document or uses or changes the original to deceive others is punished with imprisonment from 1 year to 3 years. Any person who uses a counterfeit personal document being aware of this fact, is punished according to the provisions relating to forgery.”
How to Avoid Real Estate Scams
House inspection is the primary way to avoid property scams and real estate frauds because, in Turkey, there is limited legal protection for real estate buyers, particularly for international buyers. Therefore it is very important to have a sale/purchase agreement with correctly worded conditions. We recommend you telephone or email us before you sign any sale/purchase agreement. We can then ensure that the agreement gives you the required protection. After the signing of the purchase agreement, we will work with you to ensure that all the appropriate checks are made.
Atamer Law Firm and our legal team deal with all aspects of residential or commercial conveyancing in Turkey. We aim to find fast and practical solutions and to meet all of our client’s objectives and to protect the rights of the people we represent.
The legal services we provide are structured into three main streams:
- Consultation, which provides transactional and regulatory advice.
- Analysis, checking and overseeing titles and documents.
- Litigation, focusing on litigation and dispute resolution.
- Criminal case handling in case of a fraud or scam
Atamer Law Firm is mainly specialized in real estate law and criminal law. We have vast experience in real estate law and we provide solutions for all kinds of legal matters regarding real estate law.
We practice in all aspects of residential or commercial property transactions.
We provide legal advice and legal services:
- Buying a Property
- Sale of Property
- Purchase of Property
- Real Estate Frauds
- Property Scams
Buying a Property in Turkey
In Turkey, there is limited legal protection for real estate buyers (particularly international buyers). Therefore it is very critical and important to have a sale/purchase agreement with correctly worded conditions. We recommend you telephone or email us before you sign any sale/purchase agreement. We can then ensure that the agreement gives you the required protection. After the signing of the purchase agreement, we will work with you to ensure that all the appropriate checks are made.
Selling a Property in Turkey
When selling an apartment, the seller should not give the purchasers the opportunity to claim compensation or to claim that the title or the property is defective. If you telephone or email us, we can check all these matters when you sell your property or before signing a sale agreement.
Fraud crimes and scams are one of our main area of expertise and or criminal lawyer team has vast experience in these types of crimes. Please contact us to learn more about the services we provide as property and real estate lawyers.