Legal Procedures
Foreigners from countries listed below can purchase
a property in Turkey
ANDORRA, ARGENTINA, AUSTRALIA, AUSTRIA,
BAHAMAS, BANGLADESH, BARBADOS, BELGIUM, BELIZE, BENIN, BOLIVIA,
BOSNIA-HERZEGOVINA, BOSTWANA, BRAZIL,
CAMEROON, CANADA, CAPE-VERDE, CENTRAL AFRICAN REPUBLIC,
CHILE, COLOMBIA,
COSTA RICA, COTE D'IVOIRE, CROATIA, DENMARK, ECUADOR, EL
SALVADOR, ENGLAND, ESTONIA, FINLAND, FRANCE, GABON, GERMANY,
GHANA, GUINEA, GRENADA, GUATEMALA, GUYANA, HAITI, HONDURAS,
HUNGARY, IRELAND, ISRAEL,
ITALY, JAMAICA, JAPAN, KOREA,SOUTH, LATVIA, LIECHTENSTEIN,
LITHUANIA, LUXEMBOURG, MALAWI, MALAYSIA, MALI, MALTA, MAURITANIA,
MAURITIUS, MEXICO,
MONACO, MOZAMBIQUE, NETHERLANDS, NEW ZEALAND, NICARAGUA,
NIGERIA, NORWAY, PANAMA, PARAGUAY, PERU, PHILIPPINES, POLAND,
PORTUGAL, SAN MARINO,
SENEGAL, SINGAPORE, SOMALIA, SOUTH AFRICAN REPUBLIC, SRI
LANKA, SPAIN, SWAZILAND, SWEDEN, SWITZERLAND, TANZANIA,
THE REPUBLIC OF DOMINIC,
TURKISH REPUBLIC OF NORTHERN CYPRUS, UNITED STATES OF AMERICA,
URUGUAY,
VENEZUELA, YUGOSLAVIA(SERBIA-MONTENEGRO)
Foreigners may purchase a property in Turkey under their
own names, provided that the properties are not located
in military zones.
For this reason, after decided to buy a property, an application
is made to the Land Registry Office to start procedures
for Military clearance. (this process usually takes up to
3 months).
The first thing to start with would be getting
a local tax number and opening a bank account in a Turkish
Bank. This you could easily do on your first day.
The seller of the property and the buyer sign a “contract”,
where the complete price of the property, all the property
details, received deposit, payments etc. are listed.
For the other legal procedures it is possible to
give the estate agency a power of attorney for buying /
registering the property in your name. Important: This power
of attorney does not include the authorization for selling
the property, it is only for buying and transferring the
property to your name.
After the military clearance is through, the buyer needs
to come for finalizing.
The new owner of a property will receive a “Title
deed” (Tapu) in Turkish. Tapu is the official document
proving ownership of a property.
How much are the annual taxes?
You pay 3/1000 of the declared value to the municipality.
After you received the deed, you have to apply to the municipality
within 4 weeks. If your inscription is delayed, you have
to pay a fine (about 10.- Euro) How much do I pay to the agent?
The official rate to pay is 3% of the purchase price for
both the buyer and seller.
|