What is “housing instrument” in Turkey and how to get it?
The process of #purchasing_property_in_Turkey is so easy and simple. And it takes short time to be completed.
On the other hand, it is important for an investor who is interested to buy an #apartment_in_Istanbul or in any other Turkish city to get informed with the important details related to the real estate market in Turkey.
Today we are to talk about “housing instrument”, what is it? is it important? and how to get it?
Construction processes are done according to a specific construction plan, and which is confirmed by the municipality's governmental departments in which the buildings are being constructed.
The municipality is responsible of auditing these buildings before it gets populated.
They audit the building’s technical situation they also review its fees and taxes payment files. After finishing this auditing, they give the permission to populate the building.
What does “housing instrument” mean?
It is a permission given by the municipality for the buildings that have been constructed according to specific standards. Where a building should be constructed according to the confirmed project, it is also important to be committed to the standards that the government oblige in order to get a housing permission, for example (the building should have emergency exits and be earthquake resistant).
It is also necessary for the construction company which is executing the project to get a housing permission, and to give those who purchased an apartment in this project a full ownership contracts after getting the housing permission for the building.
It is important for the owner of the apartment to get a “housing instrument” in order to guarantee his right as a property owner in the building.
The housing instrument with the ownership contract are considered as a strong insurance that the owner of an apartment in the building owns the piece of land with the same space area as his apartment no matter how many floors the building has.
We at Alhuda company for real estate investment and development provide to our clients more than 140 project in Istanbul, of sophisticated residential and commercial complexes, we also have #villas_for_sale_in_Istanbul with beautiful views and high standards.
And all of our projects meet the quality standards of the Turkish construction laws.