Buying Procedure in Turkey
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Deposit
A 2500 EUR deposit will secure your property purchase.You can pay the deposit via credit card, personal cheque,
travellers cheque or cash .By doing this you will take that property
out from the market and secure the property.The deposit is
non-refundable.
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Sales Agreement&Contract
A
standard sales contract will be prepared.All the
details which were discussed you will be incorporated in this Turkish and English written contract.Buyers details, sellers details, payment
schedules, bank details, technical specifications etc…
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Hire a solicitor
We
strongly recommend that you employ a local lawyer with experience in
Turkish property sales.We will introduce you to an independent firm
that will act on your behalf. Most people
hire a solicitor to undertake the legal side of buying their home. It
is possible to do the paperwork yourself, but this is a
time-consuming business and also risky if you lack the necessary
expertise.The solicitor is the key for your stress- free
purchase! Until you get your title deed (TAPU) they will do all
the paperwork on your behalf. The solicitor will:
-explain to you the details about your sales agreement & contract,
-answer your all questions about the purchase process,
legalalities , taxes, fees
-obtaining a tax number, opening your bank accounts, -do the payments from your account to the builder
whenever you want and need,
-apply for electricity & gas &water connection and
other utility connections
-pay legal taxes and fees whenever you need and want
-if needed apply for mortgage
-apply to local land registry office and get your title deed
-apply for authorisation by the Aegean Army Headquarters.
This a procedure that is necessary to check that the
property is not within the military forbidden and
strategic zones and again with this respect
check the identifications of the prospect Buyers.
-etc.
When you agree with all the terms, contracts will be signed
from all parties.
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P.O.A.-Obtaining Power of Attorney
We will accompany you to the Notary's office (similar to Notary public in the UK) to sign a document giving your
solicitor power of Attorney for doing all the paperwork. This enables
the solicitor to continue with obtaining the
Title Deeds in your absence.*While you obtain a P.O.A. you will have an
independent interpreter who will translate all documents into English. After all is this is finished you will have all the originals and copies of
all needed and necessary documents. This will all take a half day depending on appointments
and meetings.
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Foreign Ownership
Foreigners are allowed to own
freehold property in Turkey away from military zones if the
country they herald from has a reciprocal agreement; i.e.,
if your country of residence allows Turkish residents to own
property in your country then you can buy in Turkey!
Countries Turkey have a reciprocal agreement for the
purchase of land and properties
Angola,
Argentina, Australia Germany, USA., Andora,
Argentina,, Australia, Austria, Bahamas
Barbados, Belgium Belize, Benin, Bolivia,
Bosnia-Herzegovina, Bostwana, Brazil, Denmark (Resident Permission for 6 months is
must), The Dominican Republic, Ecuador,
Elsalvador, Estonia, Ivory Coast, Philippines ,
Finland, Ghana, Guinea,Grenada, France, Gabon,
Guatemala, Guyana, South Africa, Haiti, Crotia,
Netherlands, Honduras UK, Ireland Spain, Israel,
Sweden,, Switzerland, Italy, Jamaika, Japan,
Cameroon Canada, Northern Cyprus, Colombia,
South Korea, Costa Rica Latvia, Liechtenstein,
Lithuania, Luxemburg, Hungary, Malawi, Malaysia,
Mali, Malta, Mauritius, Mexico, Monako,
Mauritania, Mozambique , Nicaragua ,Norway,
Central African Republic, Panama, Paraguay,
Peru, Poland, Portugal, San Marino, Senagal,
Serbia , Singapore Somalia,, Sri Lanka, , Chile,
Tanzania, Uruguay, Venezuela, New Zealand,
Greece
Countries which are allowed to purchase only property
Azerbaijan, ,Belarus, Chad China, Morocco
Georgia, Iran, Kazakhstan (Resident Permission
for 5 years is must), Kenya, Kyrgyzstan,
Macedonia, Egypt, Moldavya, Nabimya, Uzbekistan,
Romenia, Russia (Resident Permission for 6
months is must) , Slovenia,
Tajikistan,Turkmenistan,Uganda, Ukraine, Jordan
Countries which are not allowed to purchase land or property
Afghanistan, United Arab Emirates, Burma,
Algeria, Czech Republic, Indonesia Eritre,
Armenia, Etyopya, Fiji, Iraq, Island, Cambodia,
Qatar, North Korea, Kuwait, Cuba, Laos, Libya,
Mongolia, Nepal, Nigeria, Oman,
Slovakia,Sudan,Surinam, Saudi Arabia,Thailand,
Tunisia, Vietnam,Yemen.
This information
was obtained from the Minister of foreign
affairs and as we were informed has to be often
checked due to possible changes
Click here for a detailed explanation from the Turkish embassy website
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