All you need to know about the procedures for buying a property in Turkey

The real estate sector in Turkey has been able to achieve great and distinguished successes and provided a lot for the advancement of the Turkish economy and the advancement of progress and development in the country, and thus the attention of all Arab, foreign and Turkish investors was drawn to owning a property in Turkey, and of course this process involves many procedures and steps that must be taken In this article, we have collected the most important steps that facilitate the process of buying a property in Turkey, so follow with us…

After confirming the purchase, we start directly with the legal procedures and prepare the necessary documents to obtain the title deed and purchase the property.

which is next

1. Obtaining a tax number for the buyer from the tax department.
2. A copy of the buyer's passport, translated and certified by the notary public.
3. Two new personal photos.
4. A copy of the original title deed of the property before transferring it to the buyer.
5. Opening an account in a Turkish bank.
6. Signing the contract between the seller and the buyer through a real estate office. A lawyer can be appointed.
7. The title deed paper attached to the property shall be attached to the primary contract. It shall be in the name of the owner who signed the contract or his legal representative.
8. A copy of the project building license, two personal photos of the buyer, a translated and certified copy of the buyer's passport, and a copy of the seller's identity card. Part of the value of the property is paid as a down payment for the reservation of the property.
9. After that, we carry out the procedures that will take an average of 7-20 days to register the apartment. This is done through the Real Estate Ownership Department, at the hands of a state employee and in the presence of a sworn translator to explain to you the terms of the contract. And the rest of the value of the property has been transferred or delivered in conjunction with the transfer of ownership of the property

The first and most important step that you must follow is to choose one of the real estate companies that you trust to deal with and that provide you with many services from the moment you arrive in Turkey, until buying the property and registering it in your name, and it will not be a waste of time at all, on the contrary, as these companies provide You have a lot of time and effort by offering many options of apartments and real estate that suit your desire, and then enable you to obtain real estate advice from experts and specialists in the field of real estate in Turkey. There are also a number of lawyers who follow all legal procedures and are keen to maintain Your rights and the guarantee that you will not be exposed to embezzlement or deception.

Conducting on-the-ground tours of the property site

Be very keen to visit the construction site and make sure for yourself of the type and quality of the materials used, as well as to ensure the availability of all the specifications that were agreed upon between the owner and the buyer, thus guaranteeing your rights. There are many real estate companies that are interested in this stage and provide field tours periodically to the real estate.

Extracting the tax number of the property

One of the important matters without which the real estate purchase process is not valid is the issuance of a tax number from the Real Estate Department, and this number is given to every person who does not hold Turkish citizenship, in order to facilitate all government procedures for him and without which he cannot own real estate in Turkey or apply for On Turkish citizenship.

Open bank account

As it is necessary to open a bank account in a Turkish bank in order for the money to be transferred to it from the country of origin of the buyer, as it is required that the purchase process be carried out through banks exclusively.

Signing the purchase contract

After doing all the previous steps, the most important step comes, which is the signing of the purchase contract between the buyer and the real estate company. This contract is drawn up in two languages, Turkish and the mother tongue of the buyer, and then a deposit of 10 percent of the value of the property is paid to the real estate company, and this is in return for the reservation of the property. Until the issuance of the title deed, i.e. the tapu.

Of course, there are some costs necessary to pay the tax, namely.

1. Translation of the buyer's passport.
2. Fee for obtaining a new title deed.
3. Fees for submitting an application to transfer ownership to the new owner.
4. Municipality fees that are paid annually and amount to 0.0003% of the value of the property.
5. Payment of real estate insurance, against disasters and earthquakes (disc). The cost varies according to the area, the age of the building, and the location as well.

Payment of real estate tax

The seller and the buyer must pay the tax incurred on the property, which amounts to 4% of the value of the purchased property, and it is paid equally, i.e. 2% by the seller and 2% by the buyer, or as agreed upon. This tax is paid only once and not annually.

Real estate transfer procedures

In the event that the property is ready, its ownership can be transferred by simply booking a prior appointment with the Land Registry and Real Estate Survey Directorate and going to it by the seller and buyer or their representatives and presenting the buyer’s personal papers and property papers and presenting them to the competent employee who begins the process of transferring ownership of the property from the seller to the buyer and granting the latter the title deed document The complete real estate that legally proves his ownership of the property and gives him the right to buy and sell the property whenever he wants.

Delivery of real estate services

Later, the water meter and electricity meter must be registered in the name of the new owner.