Buying a Property in the United Kingdom Vs Buying a Property in Turkey

Buying a Property in the United Kingdom Vs Buying a Property in Turkey

Why does buying a home in the UK take so long?

Currently, a home buying or selling transaction in the UK takes an average of 135 days to complete after an offer is accepted, up from 93 days in 2019.

For many, the hardest bit in the current market can be finding a buyer that actually follows through to exchange.

Sellers have to contend with viewing after viewing and no serious offers – and often, when they do finally agree something, it can all fall apart, costing them time, energy and money in the process.

In English law nothing is binding about a property transaction until the exchange of signed contracts. Keys are only handed over upon completion, the date of which is typically set at the point of exchange.

Around one in four sales fall through after the offer stage – and in some parts of the country it’s as high as one third at present.

Why does buying a home in Turkey happen so quickly!

Currently buying a home in Turkey can happen within only a week if both parties and funds are present and in place here in Turkey!

When an offer is made and the Seller agrees, the buyers will pay a 10% deposit then the property is taken off the market no more viewers or offers. This is a legal bind therefore; both the buyer and seller are certain of the commitment to an agreed timescale of completion.

No need for the use of a solicitor, if you wish you can use the service. In Turkey the Estate agent will follow all the process of the sale. They will draw up a sales contract make sure the property Title deeds are clean and handle all the necessary paperwork.

There really is no such set timescale when buying a property in Turkey it can take place within 7 days or within 30 days + depending on the buyers and sellers’ agreement and convenience.