Despite the fluctuate of the Turkish lira exchange rate against the US dollar changed, Real estate prices did not change, especially move-in-ready ones, as these properties were created earlier, but in cases the seller may ask for a higher price after signing the contract. so When the seller can change or raise the price of the property?
The sale contract includes the information of the both parties, the seller and buyer, in addition to property specifications. It also includes the price of the property, which was agreed upon between the seller and the buyer. It also includes the payment method and the dead line of paying , as the buyer is often given a period of two weeks to pay the full amount, but in case The buyer does not pay by the mentioned deadline. The seller has the right to cancel the contract and request a new contract to be installed at a new price. In this case, the buyer cannot object . However in the case the price of the property is raised by the seller before the expiry of the period given to the buyer , buyer can object and cancel the contract, also he can obtain his rights and any amount previously paid by law, and he can file a lawsuit against the seller as well.
Investors who buy real estate to obtain Turkish citizenship in period of the change in the exchange rate of the Turkish lira against the US dollar should be noted that the Turkish government adopts the exchange rate of the Turkish lira in the Turkish Central Bank on the day the price of the property is paid according to the receipt provided by the buyer, so there are no concerns about not obtaining Nationality in case of depreciation of the Turkish lira. Investors wishing to buy a property to obtain Turkish citizenship are also advised to buy a property whose value is slightly higher than 250 thousand US dollars, just in order to be at the safe side.
