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Real Estate Purchasing in Turkey

Real Estate Purchasing in Turkey

  1. Research and Choose a Property:

    • Begin by researching the real estate market in Turkey. Identify the location, type, and size of the property that suits your needs and preferences.
    • Consider working with a reputable local real estate agent who can provide guidance and assistance in finding suitable properties.
  2. Due Diligence:

    • Conduct thorough due diligence on the property. This includes checking the title deed (TAPU) to ensure clear ownership and investigating any potential legal issues or encumbrances.
  3. Obtain a Tax Number:

    • As a foreigner, you'll need to obtain a tax number from the local tax office. This is a relatively simple process and is required for various transactions, including property purchases.
  4. Open a Bank Account:

    • To proceed with the property purchase, you'll need to open a Turkish bank account. This is where you'll transfer the funds for the property.
  5. Sign a Preliminary Agreement:

    • Before the final sale, it's common to sign a preliminary agreement, such as a "sales promise" (sözleşme vaadi). This agreement typically involves a deposit and outlines the conditions of the sale.
  6. Title Deed Transfer (TAPU):

    • Once the conditions of the preliminary agreement are met, the final step is the transfer of the title deed (TAPU) to your name. This process is usually completed at the Land Registry Office.
  7. Military Clearance (if required):

    • In some cases, particularly for properties in certain areas, military clearance may be necessary. This is to ensure that the property does not pose a security risk.
  8. Complete the Transaction:

    • The final step involves completing the transaction at the Land Registry Office. This includes the payment of the remaining purchase amount, transfer of the title deed, and updating the ownership records.
  9. Obtain Residence Permit (optional):

    • While not directly related to the purchase process, if you plan to spend a significant amount of time in Turkey, you might consider obtaining a residence permit.
  10. Legal Assistance:

    • Consider working with a local lawyer experienced in real estate transactions in Turkey. They can help ensure that all legal aspects are properly handled and that you fully understand the terms and conditions of the purchase.

Always stay informed about any changes in Turkish property laws and regulations, and seek professional advice to navigate the process smoothly.