The Buying Procedure
Compared to many other countries the buying process in Turkey is relatively simple and very fast.
Foreigners can buy property and land in their own name provided the properties are not in restricted areas. These areas include ‘military zones’ and small villages where there is no municipal office. Purchases within these particular areas can be made but certain procedures apply.
The sale procedure for foreigners is the same as for Turkish citizens except for a search for the above mentioned urban area and non-military zone restriction. Once a sale has been agreed with the owner, an application has to be made to the local Land Registry Office. The Land Registry Office then carries out a search for the above mentioned local restriction through correspondence with the municipality and military authorities in the area. As soon as the search is completed, the Land Registry Office then transfers the title and issues the new deed.
For property purchased on the Bodrum peninsula the title deeds, known locally as ‘Tapu’, have to be entered into a log book at the Deeds Office in Bodrum, where the purchaser and vendor have to be present to sign these documents. A nominated person can act on the purchaser’s behalf if required. All written work is done in Turkish however there is an official translator who will explain all documents to you and for an additional cost will provide you with a written translation.
Once the sale of a property has been agreed, an application must be made to the Land Registry Office to acquire the title of the property.
What Documentation is required?
Your Passport's
These will be copied and the details translated into Turkish.
Passport size photographs
Your tax number in Turkey
Additional costs
You will be required to pay stamp duty
Legal fees
Wealth tax
And purchase tax
The later is only 3%, and is split 50/50 between the purchaser and the seller. So effectively you will pay 1.5% of the amount shown on the title deeds.
For free legal advice :
DEVRIMCI & CENGIZ
Tel : 0090 252 317 28 38
Fax : 0090 252 317 22 89
Gsm : 0090 532 221 69 95
E-mail : info@devrimci-cengiz.av.tr
www.devrimci-cengiz.av.tr
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