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Saturday, 28 June 2008

Property Buying processes in Turkey for foreign citizens are straightforward

1)Once you have decided which property to buy you need to sign an "agreement" with the Estate Agency and pay minimum 10% of the price as deposit to reserve it, and stop it being sold by the property owner to somebody else, until the procedures are all done. A photocopy of your passport, details of your mother's & father's names and 4 passport size photos are needed at this point.

2)We go to the "deed office" to start the process of buying your property...

3)In Turkish Republic, the Goverment needs 3-4 weeks to approve your permit to buy property.

4)As soon as permission is received from the "deed office" we will let you know and you can arrange your flights and come to transfer the property into your name. The Agent + property buyer + property seller goes to the "deed office" to transfer the property with an authorized translator. After you pay the purchase tax ( %0,15 from buyer % 0,15 from seller) and earthquake insurance (these are required) the "deed office" transfers the property to you as the new owner of the property on the land register, and they give you immediately the "TAPU" in the land register which is signed on your name(s). This page in the land register proves you as an owner of the property Usually transfer of registering is completed in 1-2 hours...

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