Buying property in Turkey is a lot
easier than in many other European countries. Foreigners
may purchase land and properties in Turkey in their own
names as long as they are located in towns all around
Turkey.
In order to aquire the title of a property, an application
has to be submitted to the local Land Registry Office in
which the propety is situated. After carying out the
necessary searches the transfer of the title is done by
the Land Registry Office . In Turkey it is compulsory for
both the buyer and seller to be present at the entry of
the property. A purchase tax of 3% is collected from the
buyer.
An annual tax is collected by the municipalities at the
rate of 0.3% for land and 0.1% for property in the Fethiye
area. All properties are subject to revaluation every year
for tax purposes.
The acquired property may be resold or rented and the
proceeds may be taken out of Turkey.
Step By Step
Your Decision
When you decide on a property to buy you will sign an
agreement between yourselves and the estate agency where
you will place a deposit to reserve the property.
Translation
We will need to copy your passports which will be
translated into Turkish for legal purposes. This will be
completed by a sworn translator.
Photos
Passport pictures are required for the TAPU (Title Deed)
and used for your utilities.
Notary Solicitors
This is where you autherise power of attorney, this is
purely related to the purchace of the property to complete
the paperwork, access your utilities, paying taxes and
bills on your behalf. The notary also caries out security
and property checks.
Government Approval
Depending on demand this takes aproximately 8 weeks, this
is to get Government permission for you to buy.
Completion
After permission is granted and the deeds are recieved by
the Deed Office we can, through the power of attorney,
complete the paperwork and access your utilities. We will
send you a copy of your TAPU (Title Deed) and hold your
Title Deed until you are able to collect it in person.