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4 Common Frauds To Be Aware Of If You Want To Invest in İstanbul Real Estate

If you want to invest in İstanbul real estate you must know that it has been in very high demand for the past few years. Apart from the skyrocketing development and population of Turkey, another main reason is you can now get Turkish citizenship by investing in real estate in Turkey. Turkish citizenship comes with alluring benefits like visa-free travel to 110 different countries and many more.
Over the past few years, people have very rapidly started to invest in İstanbul real estate, and as rapidly as that, they have begun becoming the victims of real estate fraud. To protect ourselves from such frauds, the most important step is to be well-educated on the common frauds that we and our loved ones can become victims of while we try to invest in İstanbul real estate. 
Here are the four most common frauds that you must be aware of :
● Impersonation of the Owner: In this type of fraud, the property is real, the price may be authentic, and the property is registered under the same name as the person who is selling it to you. That person does exist, but it is not the same person who is selling you the property. In simple words, someone fakes their identity and introduces themselves as the owner of a property by impersonating the name and profile of the real owner. 

In this kind of fraud, everything will look authentic, and people will invest their years of savings just to find out that they have given all their money to someone who doesn’t even own the property. It is a very clever type of fraud, and most people can fall prey to it. That is why you must be very careful while you invest in İstanbul real estate and choose only well-established and authentic real estate agencies like Rea-Turkey.
● Fictional Prices: In this case, cheap sales techniques are used to create urgency and sell properties at unreasonable prices without giving the victims enough time to do proper research and understand the reasonable prices while they invest in İstanbul real estate.

● Unrealistic ROI Promises: In this case, the buyer is convinced to invest in İstanbul real estate with a promise to get a very high return on their investment in a very short time. The buyers are persuaded with highly unrealistic promises, which they end up believing in, and as a result, they invest unreasonable amounts, leaving them highly disappointed and becoming victims of fraud in the end.

● Buying Properties that don’t exist: This is another very serious type of fraud in which the victims have paid heavy amounts for properties that don’t even exist in real life. The images and videos of the property that they had been impressed with were fake. So they did actually invest in İstanbul real estate properties that don’t even exist.

To avoid such fraud, it is very important to make sure you give the property a physical visit and meet the owner personally. Apart from that, all these worries could end if you could just find a reliable real estate agency like Rea-Turkey if you want to invest in İstanbul real estate.
Rea-Turkey: The Most Trusted Way To  Invest In İstanbul Real Estate  
Rea-Turkey is a Turkey-based agency that is known for being the most trustworthy of all the real estate agencies in Istanbul. We have been in this business for years, and not once have there been any cases of fraud or complaints. We are known to stick to strong ethics and principles. Apart from that, we have a wide variety of properties listed that we assist with. There are many other additional perks that we provide that rarely any other real estate agencies in Istanbul offer.
So what are you waiting for? Your dream home is just one click away.  Invest in İstanbul real estate now!
Visit ReaTurkey Now!

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