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Buying a property in Turkey is a lot easier than in many other European countries. Foreigners may purchase land and property in Turkey in their own names provided that properties are located in towns (i.e. there must be municipality in the area where the property is located and the property must be situated within the boundaries of that municipality or borough), not 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. In Turkey, it is legally compulsory for both sides (the seller and the buyer) to be present at the entry in the property register. 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.
Information about real estate acquisition for foreigners in Turkey. The reasons for buying a property in the Antalya Region;
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The mild climate with more than 300 days of sunshine.
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The beautiful landscape of the Turkish Riviera.
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A valuable investment as the prices are increasing every year. Turkey is like Spain was 20 years ago, and if entry into the E.U. is gained we are set to see prices rise even more.
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The low cost of living, which is much lower than most other European Countries.
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The property could provide you with an additional income. As a European you can purchase with complete safety, as the convayancing is easy and uncomplicated
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Low crime rate
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Modern network of roads served by taxi and buses
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Archeological monuments
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The European quality and rather low prices in cafes and restaurants
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Fresh fruits and vegetables all the year round
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Aircraft service with many countries of the world cities and cities of Turkey
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Highly developed system of telecommunications
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Rather inexpensive and accessible high-quality health services
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Wide use of the English language and opportunity of dialogue on many others
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Satellite TV broadcasting English, American and other foreign channels
Important Points for buying;
- What nationalities are permitted to purchase a property?
- Turkey has a reciprocal agreement for the purchase of land and properties with the following countries; Danmark, Germany, Austria, Switzerland, Belgium, Holland, England, Ireland, Spain, Italy, Canada, Luxembourg,Sweden, Norway, Australia, France, Greece, and some other African and South American states.
- Do I have to be a resident or have a resident's visa to purchase?
- No, To buy a property you do not have to have a Residents visa. This is only required if you want to stay longer than three consecutive months, or wish to have a phone or buy a car. Then the three months tourist visa is not enough.
- What do I have to check before purchasing?
- Check that there are no outstanding rental agreements or mortgages. That the seller has the legal right to sell the property and that they have a Tapu ( Title Deeds) for it. That the property is within a town's boundary, as foreigners are not permitted to buy within a rural Zone. If there is an agent how much commission "if any" is payable
- Do I have any Taxes and fees to pay for the purchasing?
- There are some taxes payable, however some are a "once only tax" i.e. 3% of the declared value of the property, Education and earthquake tax approx. € 50 All formal documentation and copies approx. € 250,Translator fees approx. € 50
- Can I will my property to my beneficiaries?
- You can make a Turkish Will and leave your property to your beneficiaries, however if you hadn't made a will, the property goes to your next of kin.
- Can I import my belongings/furniture and car into Turkey?
- You can, but it is expensive for transportation and Duty, so it may be advisable to purchase your furniture here.
- How long does it all take?
- It takes approx. 2 monhts to receive the final Tapu ( Title Deeds) first it goes to a regional Tapu office then to a Military Head office in Izmir to check that it isn't in a Military Zone. This is just a formality. If everything is approved then it takes just one day to complete. You then go to the Tapu office with a translator to sign the appropriate documents. N.B. our company will guide and accompany you through all these formalities free of charge advantages of Toprak.
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First class architecture.
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Very high quality of building materials.
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Reliable company with over 20 years of experience.
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One year guarantee for our workmanship, fittings, etc.
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Interest rate only 8 % per annum.
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Personal supervision from ourselves, from the beginning to the end of construction.
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Assistance in opening of an external bank account.
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Assistance in residence permit obtaining.
Step by Step Buying Guide
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After the decision has been taken, a legal contract is signed.
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The deposit is then paid - € 1000
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The customer gives Power of Attorney authorising a lawyer or Toprak construction to take care of all the legal procedures.
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The lawyer or Toprak construction applies for the title deed on the buyer's behalf and secures the property until the title deed is received.
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The title deed can take between 6 to 8 weeks to be processed.
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After the property is registered in the buyer's name Toprak construction will assist with the registration of utilities, water, telephone line etc.
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Toprak construction also provides an after sales service which includes security checks, cleaning services and a lot more.
What are the extra costs of buying property in Turkey?
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1% property purchase tax (1 payment)
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1% fee for lawyer (optional)
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0% agent fee when customers purchase from one of Toprak construction's own developments
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3% agent's service fee for other properties
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€ 60 registration of title deed in your name (1 payment)
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€ 100 for Power of Attorney and contract translation (1 payment)
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€ 120 registration of electric and water meters
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€ 750-E1000 approx. (£ 500-£700) property occupation fee for brand new developments (1 payment)
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Telephone line: € 4 (1 payment)
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Property tax: 0.1% of the apartment value (approx. €15 per year)
Below is a general guideline for energy cost
Here are the services that letsgototurkey provides for you
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Arrange hotels and airport transfers if required.
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Pick up service from hotels to view properties. All the Toprak construction staff has a background in tourism and they can therefore provide full information about the area not just about the properties.
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Arrange appointments with the lawyer, attorney and official translator.
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Register your new property with the electricity, water and telephone line in your name.
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Assist with related purchases like furniture, air-conditioners, electronics, etc after the sale has been completed.
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Assist with opening a bank account in Turkey so that there are no worries about the bills when you are away.
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Assist in acquiring a tax number which is required for all the legal issues afterwards.
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Assist with the documents required for home insurance.
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Arrange to get an official will in Turkey, if requested.
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Assistance with renting out the property.
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Renovations (kitchen, bathroom, etc.) can be implemented by the Toprak construction team.
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