Purchasing Real Estate for Private Use in Turkey
Foreigners may purchase land and property in Turkey in their own names provided that properties are located in towns, in villages or rural areas and
outside of military zones. In order to acquire the title of a property, an application has to be submitted to the local Land Registry Office in which the property
is situated. After carrying out necessary searches and checks for the above mentioned requirements, the transfer of the title is done by the Land Registry Office.
During the transaction, the proofs or the documents concerning the transfer of the full purchase price into Turkey must be presented to the Land Registry Office.
Also a 1.5 per cent duty (i.e. tax) both for the purchaser and seller is due and collected during the transaction.
There exists an annual property tax, collected by the municipalities (i.e. local governments) at the rate of 0.3 per cent for private buildings.
The acquired property may be resold or rented out and the proceeds may be transferred out of Turkey. Different regulations apply
when a property is purchased for business related purposes.
Property Purchasing Laws and Procedures in Turkey
Turkey and especially Belek and Bošazkent is becoming a popular holiday destination with its immense unspoilt coastline and Mediterranean climate
which offers all-year-round sunshine. Buying property in Turkey is now seen as a good future investment considering the fact that
Turkey is on the verge of becoming a member of the EU and has one of the fastest growing emerging markets
in the world. Here we will give you the essential but general information regarding the path to ownership of a property in Turkey according to Turkish Laws
and which problems might arise during the process. We encourage you to consult an expert or visit our Property Office in Turkey, BERK EMLAK.
Buying property in Turkey can be a complex matter and knowledgeable, professional service is required.
Our Solicitors are exactly offering you professional legal assistance on all kinds of legal bases of buying property in Turkish Rebuplic.
Finaly you must be very cereful on 'not to buy a house without the title deed(tapu) and building certificate(iskan) garanty and please allways insist on to get notary selling contract.
Property Registration and Delivery
The entry in the property register in Turkey is performed by an official of the Property Registry Department. It is legally compulsory for both sides
(the seller and the buyer) to be present at the entry. It is possible to authorise another person to do so but the authorisation requires a Powers of Attorney
from Notary Publics for Authorising our Solicitors for buying property on behalf you.
The only applicable stipulation concerning the delivery is that it takes place in writing. After the entry and delivery the property register issues a proof of ownership,
which is called 'Tapu'. The ownership is only obtained at the moment that the building(s), if under construction, has been completed and the full amount
has been paid. Mainly there are no legal restrictions against foreigners regarding the acquisition of property ownership.
However, the act regarding Military Prohibited and Security Areas can be an impediment and therefore restrict the acquisition of property
by foreigners if the property is located within a particular distance of military sites or strategically important areas.
The major legal restrictions mentioned above may in turn change or even be (partly) cancelled by more recent legislation
which is closely related to the promotion of the economic position of Turkey or the adjustment of regulations and laws to EU or tourism promotions
for foreigners etc.
Finally
Buying real estate in Turkey involves many regulations. Not only must formal regulations be taken into account, but foreigners must also heed
the various legal exceptions to acquire real estate.
The zoning schemes, the antecedents of the selling party and the legal restrictions imposed by Turkish property legislation are some important aspects
that must be approached objectively, reliably and professionally.
We offer you valuable assistance and we help you to have an objective and thorough investigation carried out regarding the property in which you are interested.
PROPERTY MANAGEMENT
Whether you have bought a villa or apartment here for your own personal use or to rent to friends and family or run as a commercial business,
it is always reassuring that there is someone close by who can keep an eye on your property while you are not here.
This is one of the services we are offering. You can have full peace of mind that your property will be looked after and
checked regularly to make sure that everything is in order.
When you are visiting or you have guests booked into your villa we can also take care of the cleaning and preparation to make sure that you/your guests
can arrive and get on with your holiday rather than have to put the marigolds on and start cleaning!!
A transfer service from the airports direct to your villa is also available so all you need to give us are your flight details and arrival time and
we take care of the rest for you. We will provide a full cleaning service and have a Welcome Pack waiting for you in your villa/apartment so that should you be
arriving during the night at least you will have basic supplies available.
