Buying a Property in Turkey
Property buying by foreigners it Turkey
Within the acting laws and regulations foreigners are allowed to by any kind of a residential property in other words flats, houses, villas etc. and any kind of a commercial property that is land, fields, as well as ready businesses.
Foreigners may have the following status:
– foreign natural person
– foreign legal person
– foreign trade companies
1. Buying a property in Turkey on behalf of a Natural Person.
If you have already decided to buy a property in Turkey our first advise to you will be – necessarily go to Turkey and see the property by our own. In order to organize your free of charge viewing trip you can take advantage of our Before the Sales Services.
After you have visited the property, saw it by yourself and took the final decision to buy it you ought to draw up a contract in which all you rights will be protected. As a rule the information about Seller, Owner and the Agent company must be listed in the contract.
Grand Real Estate company:
– holds negotiations with the property owner
– presents clear, comprehensive and real information
– assist in avoiding unnecessary expenditures
– assists buying in the reliable and guaranteed way a property you have dreamed about
After the property buying contract has been signed as a rule from 3 to 5 presents from the total amount of the contract should be paid to the property owner as a prepayment.
The following payments have to be made according to the contract’ payment schedules.
For you to be able to buy a property on behalf of your name the bank account must be opened and the tax number must be obtained. In order to open a bank account you will have to present a document which will be showing you address in the country of your residence.
Land Registry Procedures
While transferring the Title Deeds on behalf of your name there are procedures which must be followed and document which must be presented.
– passport or identification card (depends upon the country)
– 2 new photos for the documents
Before the application
– your passport or identification document must be translated into Turkish
– if required transfer the power of Attorney
– obtaining a tax number
Happy Title Deed handover
According to the Turkish Republic low’s the documents which have been presented to the Land Registry Office must puss several State controls.
One of the most important control will be made by the Ministry of Defense. The result of this control will be a document which will indicate whether your property is in a strategic military zone or not. This control may last form several weeks to several months.
But, starting from 8 October 2013 according to the entered into force law if in the building where you are buying the property the sale for the foreigner has already been done in other worlds if this building has already been checked by the Ministry of Defense you will not have to wait and will be able to transfer the Title Deeds immediately.
In order to get acknowledge with the Law please please press here.
After all document and applications will be checked the message showing the amount of tax and other fees to be paid will be sent to your mobile. As soon as fees and relevant taxes have been paid at the named in the message time you have to go to the Land Registry office and sing the Title Deed handover documents with the property owner.
Mentioned Title Deed fees you can pay at the any of the following banks Halkbank, Vakıfbank and Ziraat bank. Having the banks document showing the title deeds fees payment you have to go to the Land Registry office again. This time you and the property owner will sign the Title Deed handover on behalf of your name. At this stage all taxes on the purchase of real estate and other fees must be paid.
After receiving the Title Deed documents the only thing you have to do is to enjoy your property owning!
In order to get information about other services please press here.
Please note that while conduction all Land Registry procedures Grand Real Estate company will take the preparations and controlling duties on itself in order your property buying brings you only pleasure.