Our company offer properties to suit all budgets. Buying a property through Our company in Turkey makes purchasing easy and risk free.
Buying Property in Turkey is much easier than many other European countries.
Our multilingual staff is at your service to help you with all the formalities at every stage of the purchase.
Foreigners may purchase land and property in Turkey in their own names provided that properties are located in municipality areas and away from military zones. According to the recent laws, foreigners who can buy properties in Turkey has been classified according to reciprocity agreement between countries. The citizen of the countries in the following list are able to buy real
estate properties in Turkey:
Angola,Argentina,Belgium, Burundi, Cape Verde, Chad, Colombia, Cote d, Ivorie, Croatia, Dominician Republic, England, Estonia, Finland, France, Gambia, Georgia, Germany, Guinea, Guinea-Bissau, Ireland, Italy, Jamaica, Kenya, Lebanon, Luxemburg, Mali, Moldova, Monaco, Namibia, Netherlands, Niger, Norway, Peru, Portugal, Senegal, Serbia and Montenegro, Slovakia, South African Republic, Spain, Suriname, Sweeden, Turkish Republic of Northern Cyprus, Ukraine, United States of America, Uruguay
The countries below must get at least 6 months resident permit and then apply the ministry of foreign affairs in Turkey to buy a land or property:
We recommend 1 year residence permit to allow all the procedures to be done. Otherwise you might have come back to Turkey just renew it,
Its legally compulsory for both sides to be present at the entry in the property register ( but if the power of attorney provided then the agent is able to sign at the register office to issue the title deed )
Necessary documents for applications
1. Passport 2. Photographs (8 per each person) (additional documents for those who needs to have residential permission)
3. Tax number 4. Bank account in a bank in Tukey
Conveyance is executed in the Land Registry Office, which is a State Department. No other department, authority or person has the power to transfer deeds to your name. The new owner of a property receives a “Title deed” (Tapu) in Turkish. Tapu is the official document proving ownership of a property.
Step by step guide to formalities
When you have decided to buy a property, you can start with opening a bank account. (Our multilingual company staff will be pleased to help you open a bank at any local bank).
The buyer gives “power of attorney” to Our company staff, authorising them to carry out all the formalities for the purchase and to give the buyer post purchase services. Power of attorney usually includes authorisation to buy/register the property in the name of the buyer, to obtain “completion report” for the property, official registration of water and electricity meters, insurance for the property, registration of property in the municipality department, payment of local taxes, etc...
The property owner and the buyer sign a “Promise to sell and buy contract” before a Notary Public in most cases. This is an official document stating all the personal data of the seller and the buyer as well as the property in question. The price of the property, details of the payment and the time of conveyance at the Land Registry Office are all entered in this document. This document is signed by both parties in the presence of a Certified Translator appointed by the Notary Public. The Sworn translator translates the contract to the foreign party.
An application is made to the Land Registry Office to start procedures for Military permission (this process may take a couple of months).
Parties or their legal representatives go in person to the Land Registry Office for conveyance upon receipt of the military permission. A Certified Translator is required when one of the parties is a foreign national.
Other expences
Conveyancing
Conveyance tax: 3% of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between 200-500 Euro).
Fee for certified translator at the Tapu Office: 50 Euro (A certified translator is required by law to translate the document to the foreign national).
Fee for certified translator at Notary Public: 30 Euro.
Registration Fee at the Tapu Office: 25 Euro.
Giving Power of Attorney: Approx. 100 Euro
Signing “promise to buy and sell contract” at Notary Public Office: Starting from 350 Euro, approx. 1.2 % of the value of the property.
Obtaining “Completion Report” (Newly built properties only): Starting from 350 Euro, depending on the size and the location.
Sale commission to the Estate Agent: 3 % of the sale price
Annually
Property tax: 0,1% of the property value declared by the local municipality (to be paid before the end of May each year).
Electricity
New connection of electricity meter: Approx. 100 Euro (once only) Name transfer of an existing connection: Approx. 30 Euro (once only)
Energy cost per kwh: Approx. 0,10 Euro
Water
New connection of water meter: Approx. 60 Euro
Name transfer of an existing connection: Approx. 30 Euro
Water cost per m3: Approx. 0,75 Euro
Land Line
P.s.: You can only get a land line telephone regiterered if you have residence permit
Telephone connection: Approx. 4 Euro
Cost per unit: Approx. 0.036 Euro
Monthly rental: Approx. 3.66 Euro
Unit period (province): 60 Seconds
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