Your Turkish property is one of the best investments you could make. You can benefit from a substantial income on your investment or just cover the annual costs associated with the ownership.
When we have found your future home the most important part is finished. There are a few things that have to be arranged before you can start living your dream!
Don't worry, the procedures for buying and selling a property in Turkey are considerably easier, faster and more reasonable than they are in many other countries. You are able to fully own a house (100%), able to sell and in the event of death and your immediate family will be able to inherit the property in their name.
The official procedure For Foreigners Buying a Property In Turkey
1 - The preparation and signing of a contract that is arranged by agreement between the vendor and the buyer.
2 - According to the payment regulations in the agreement a deposit is paid to reserve the property. This is usually approximately 10% of purchase price.
3 - Application for Power of Attorney by the Real Estate Agency or a Solicitor for the purchase of property and the transference of water and electric subscriptions. This Power of Attorney is limited to the period of the purchase and only permits purchase of the property on behalf of the buyer.
4 - Application for military clearance for the title deed transaction.
5 - Obtaining clearance from the military and completion of the title deed transaction.
6 - Payment of the Property Purchasing Tax.
7 - The transfer of electricity and water subscriptions into the buyer's name.
After these easy and short procedures, the transaction of the property will be fully completed.
Legal Documents That Are Necessary For The Title Deed Registration Office
1 - Four portrait passport photographs suitable for legal documents.
2 - Power of Attorney for either the Real Estate Agency or a Solicitor.
3 - Passport and photocopy of passport for application for Power of Attorney.
4 - Tax number from the Revenue Office. HDT Properties will arrange this on your behalf.
The follow up of procedures and documents mentioned above will be taken care of by me.
The Cost Of Buying Property & Additional Costs
Real Estate Agency Fee : 3 % sales price of the property from each party.
Buying Property Tax : 4 % on the ‘declared’ value of the property to be paid to the government.
(e.g: if buying price is 100,000 TL then fee is 100,000 x 4% = 4,000 TL.)
Aplication Fee : 250 TL
Translator & Notary Fee : 500 TL
Elecricity and Water transfer : 1000 TL (Approximately)
When we have found your future home the most important part is finished. There are a few things that have to be arranged before you can start living your dream!
Don't worry, the procedures for buying and selling a property in Turkey are considerably easier, faster and more reasonable than they are in many other countries. You are able to fully own a house (100%), able to sell and in the event of death and your immediate family will be able to inherit the property in their name.
The official procedure For Foreigners Buying a Property In Turkey
1 - The preparation and signing of a contract that is arranged by agreement between the vendor and the buyer.
2 - According to the payment regulations in the agreement a deposit is paid to reserve the property. This is usually approximately 10% of purchase price.
3 - Application for Power of Attorney by the Real Estate Agency or a Solicitor for the purchase of property and the transference of water and electric subscriptions. This Power of Attorney is limited to the period of the purchase and only permits purchase of the property on behalf of the buyer.
4 - Application for military clearance for the title deed transaction.
5 - Obtaining clearance from the military and completion of the title deed transaction.
6 - Payment of the Property Purchasing Tax.
7 - The transfer of electricity and water subscriptions into the buyer's name.
After these easy and short procedures, the transaction of the property will be fully completed.
Legal Documents That Are Necessary For The Title Deed Registration Office
1 - Four portrait passport photographs suitable for legal documents.
2 - Power of Attorney for either the Real Estate Agency or a Solicitor.
3 - Passport and photocopy of passport for application for Power of Attorney.
4 - Tax number from the Revenue Office. HDT Properties will arrange this on your behalf.
The follow up of procedures and documents mentioned above will be taken care of by me.
The Cost Of Buying Property & Additional Costs
Real Estate Agency Fee : 3 % sales price of the property from each party.
Buying Property Tax : 4 % on the ‘declared’ value of the property to be paid to the government.
(e.g: if buying price is 100,000 TL then fee is 100,000 x 4% = 4,000 TL.)
Aplication Fee : 250 TL
Translator & Notary Fee : 500 TL
Elecricity and Water transfer : 1000 TL (Approximately)