Property For Sale In Turkey, Buying Guide For Turkey Properties

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Buying property in Turkey is not as complicated as you might imagine. The procedure is often far simpler than in most other European countries.
Foreigners may purchase land and property in Turkey under their own names provided that properties are within municipal boundaries and not located close to a military airport, station etc. Companies are able to purchase anywhere within Turkey, but a maximum land area of 25,000m2 can be purchased at one time.

We always investigates the tapu (Title Deed) to ensure that the property can be sold and there are no debts applicable. We repeat this process at time of proposed purchase (better to be safe than sorry).

After an agreed sale, in order to acquire the title of a property, an application has to be made to the local Land Registry Office, (we do this on your behalf). The title may be transferred once checks have been made to ensure the property meets all necessary requirements.
A lawyer/solicitor is not needed in Turkey, but if for peace of mind you wish to use one, there are many who are English speaking . The average cost is about ?300

During the transaction, the seller declares that he has received the full purchase price from the buyer.
This process can take 12+ weeks as the Land Registry office needs the official permit papers from the military administration . Although recent bureaucratic changes promise to cut this waiting time considerably.

The buyer can give "Power Of Attorney" to our staff or a solicitor, 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, official registration of water and electricity meters, insurance for the property, registration of property in the municipality departments, payment of local taxes etc.

Legal fees including a translator and Notary costs are usually paid by the buyer.
3% Purchase Tax must be paid by the buyer. In addition, there is an annual property tax, collected by the local government at the rate of 0.1% for houses and 0.3% for developed lands.
New properties are exempt from 25% of the annual property tax for 5 years. All properties are subject to revaluation every year for tax purposes.

The buyer must pay a 3% agent's commission.
These are standard terms offered by all Turkish estate agents.
Remember, that to reserve a property you will need at least 10% deposit.