Real estate buying procedure for foreigners in Turkey
Buying Property in Turkey is a lot easier than many other European countries.
The main part of the procedure is the transfer of the title deed in the land registry Office.
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.
However, as a matter of routine, all sales to foreign citizens have to be approved by
the army base in Izmir. 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 with the procedures explained above :
GROUP A
|
Angola
|
Estonia
|
Kenya
|
Senegal
|
|
Argentina
|
Finland
|
Lebanon
|
Serbia and Montenegro
|
|
Belgium
|
France
|
Luxembourg
|
Slovakia
|
|
Burkina Faso
|
Gabon
|
Mali
|
South African Republic
|
|
Burundi
|
Gambia
|
Moldova
|
Spain
|
|
Cape Verde
|
Georgia
|
Monaco
|
Suriname
|
|
Chad
|
Germany
|
Namibia
|
Sweeden
|
|
Colombia
|
Guinea
|
Netherlands
|
Turkish Rep. of Nrt. Cyp.
|
|
Cote d’Ivorie
|
Guinea-Bissau
|
Niger
|
Ukraine
|
|
Croatia
|
Ireland
|
Norway
|
USA
|
|
Dominician Republic
|
Italy
|
Peru
|
Uruguay
|
|
England
|
Jamaica
|
Portugal
|
|
However the citizens of the countries such as :
GROUP B
|
Austria
|
Latvia
|
|
Bulgaria
|
Lithuania
|
|
Denmark
|
Russian Federation
|
|
Greece
|
Switzerland
|
|
Iceland
|
|
are required to have special permission from the ministry of foreign affairs.
In order to receive such permission the person should have residential permission
for minimum 6 months ( 1 year permission recommended ) in addition to the
procedures explained above.
The stages of the purchase procedure:
Turkish estate agent or constructor company will draw up a contract with buyer
detailing the agree terms and conditions of the purchase. A solicitor and legal
translator can be present during the signing of the contract if requested by the buyer.
This contract should include the delivery of the apartment, payment conditions
including all extra charges, renovations according to the requirements
and many others which dedicates all aspects for the agreement and all possible
legal surcharges.
Turkish estate agency takes the buyers passport(s) to the notary public for translation.
This is necessary for the security and property location checks mentioned above.
If more than one name is to be entered on the title deed, both passports must be
translated. After this, the passports will be returned to the buyer.
Deposit of the sales price is collected or to be transferred as specified in the
purchase agreement. These documentations and power of attorney is provided either
to the sales agent or a legal solicitor in case required by the purchaser. This power of
attorney allows the agent to follow all local formalities during the stage of registering
the title deed on behalf of the buyer. The agent makes necessary applications both for
registry office, local municipalities, army authorities to complete the formalities.
After the approval granted by the institutions given above, the title deed is ready
for registration. It’s 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 ).
At the time of registering the title deed, the purchaser should pay the purchase tax
announced by the local authorities. In addition to the purchase tax, the buyer should pay
obligatory insurance for natural disasters, registration for electric and water department.
Necessary documents for applications
Passport
Photographs (8 per each person)
Deposit (as specified in the contract)
Turkish currency for notary public expenses
Additional documents for those who needs to have residential permission
Tax number
Bank account in Turkish bank
