Buying a property in Turkey is a lot easier than in many other European countries. You can purchase land and property in your own name (or in several names if you are buying with a partner or friends), in towns or in rural areas as long as the area the property or land is in comes under a local council's jurisdiction.
In order to acquire the title of a property, an application has to be submitted to the local Land Registry Office within the town where the property is situated.
For a foreign National to purchase land or property in Turkey , it is necessary to apply for approval from the Izmir Aegean Army (Ministry of Defence).
In Turkey it is legally compulsory for both sides (the seller and the buyer) to be present at the entry in the property register (at the Land Registry Office). During the transaction, the documents concerning the transfer of the property & purchase price are entered into the Land Registration Register and a purchase tax of 4% is collected. The purchasers presence can be handled by their solicitor if they are not in the country.
Once you are satisfied with all the details of your property and the sale price is agreed the following steps are carried out. We will be there to guide and assist you through this whole procedure:-
- A contract is drawn up in English between the buyer and seller with full property information and the payment terms arranged
- Your passports will need to be officially translated by an independent Government translator, then officiated at the Notary office.
- A 10% deposit will be required to secure the Property (this amount can vary depending on the purchase terms and payment plans agreed)
- A copy of all the title deed documents, a letter of explanation of the purchase agreement, a copy of the contract and a copy of your passport with 4 passport photographs are sent to the Army headquarters in Izmir for Ministry of Defence clearance. It is this process that takes time.
- Once clearance for the transaction to go ahead is received, the legal exchange of property title deeds at the land registry office can be completed in a short time. This entails the Buyer and Seller or their representative attending the land registry office whereby the title deeds are transferred once the owner confirms they have received the monies for the transaction and the buyer confirms their willingness to buy the property.
A translator must be present as all the points of sale must be understood by the buyer and the seller alike before the transaction can be completed. Once the transaction is finalised, you will receive a TAPU (title deeds) in your name. All these details are also kept on file at the Land Registry Office.
You will also need to obtain a tax number for paying property taxes when purchasing your property and for taxes due on an annual basis. Council charges also require you to have a tax number. We or your lawyer will assist you in this process, which is very straightforward and entails a visit to the local tax authority office. You will need to bring your passport and a photocopy of the picture page of your passport with you.
We strongly recommend that you set up a bank account before leaving Turkey as this is the best way to transfer funds both in and out of the country and is also necessary for arranging direct debits for utility services, insurances etc. We can assist you in opening a bank account during your stay in Turkey . Again this is a straight forward process - you will need to bring your passport with you for identification purposes and your Turkish tax number.
When transferring funds to purchase a property, funds should be identified as being for the purchase of a property and always transfer funds in GBP Sterling. Similarly if you sell your property in Turkey the law allows you to transfer the proceeds of the sale out of the country.
The precise purchase procedure varies from project to project, from development to development and may be subject to various local regulations but in general the procedure is quite simple and should not give cause for any anxiety on your behalf. The most common way for foreigners to purchase property in Turkey is to use a notary and give Power of Attorney to your solicitor to complete any formalities on their behalf if they are not in the Country.
The particulars and information contained herein, whilst we believe them to be accurate are intended to give a fair description only and do not form part of any offer or contracts. The intending purchaser should not rely solely on the particulars contained herein.
We also recommend that you visit the British Embassy website for the latest developments and any updates in purchase law. A full guide to buying property can be viewed on their website at www.turkisheconomy.org.uk/buyingproperty
See our guide on owners costs for the current purchase fees & taxes and a guide to the annual ongoing costs of owning property in Turkey .