1-The Buying Process and Legalities
Buying a property in Turkey is not
dissimilar to buying property elsewhere in Europe and in
fact is probably easier.
If you decide to buy, you need to reservation fee to
secure the property. This will hold the property until
the deposit is paid, normally after the Contract of Sale
is signed. You will also be informed of the payment plan
and terms and condition of sale.
An Independent Solicitor (English speaking), appointed
by yourselves or recommended from us, will draw up the
Contract of Sale between all parties.
The solicitor will make sure that the
title of the property is checked to make sure that;
We can sell the property
Whether there are any charges on the
That building licenses and
permissions are in order.
The terms and conditions stipulated
in our contract are checked for fairness.
The Contract of Sale will be drawn up in
both Turkish into English by the legal translator. The
buyer (or the solicitor on behalf of the buyer) and the
seller has to sign the Contract of Sale, and each party
will get a copy of the Contract of Sale.
Power of attorney;
as you are unable to stay in Turkey for a long period,
we recommend that you give the power of attorney to your
solicitor who will be able to act on your behalf and do
the rest of the procedures. To be legally binding, this
has to be done at the notary in presence of a
translator. You can even give your solicitor the power
to open a bank account in your name if you dont have
time. Please note that giving the solicitor Power of
Attorney does not give him any claim over your property,
it will be your name and picture on the title deeds.
Your solicitor will arrange for the paper work to be
sent to the title deeds office for the transfer of the
title deeds into your name. The title deeds office will
send the passports and title deeds to Izmir for the
military to check.
This check is compulsory for all
foreigners and normally is just a formality. It involves
checking that there is no record of criminal intent or
activity against Turkey and that the property being
purchased by a foreigner is not in the proximity or
intended to be used for any military purpose. This can
take 3-6 months currently.
Release of the Title Deeds (Tapu);
once the title deeds have been authorized your solicitor
will inform you. The release of the title deeds from the
title deeds office is signed in the presence of the
notary by the buyer and the seller. You can either
attend the signing in person or appoint someone as power
of attorney to attend on your behalf (which your
solicitor can do for you - if so, we will email / post a
copy of the title deeds to you for your records, and the
original will be kept at our office and you can collect
them when you next come to Turkey.)
At this time, you need to usually pay the
buyers tax, earthquake insurance and the water and
electricity connection fee. We will inform you of all
payments that need to be made.
The solicitor will then arrange for the
new title of the property to be registered with the
local council office (for property tax purposes). Please
note that our properties have Freehold titles.
Before you leave Turkey we advise you, if
you havent done so, to obtain a tax number from the
local Tax Office and to open a bank account to enable
you to transfer funds and do all kinds of payments such
as electricity and water bills, or for rental payments
if you let your property.
2-Buying Costs in Farilyas Gardens (as a guide)
Typically in Turkey, it is 3% from the buyer and 3% from
As we are developer, our new property is not subject to
any agents fee.
Lawyers fee, depends on the Company, but typically
between £400 and £1,000.
Notary Fee (Lawyers Power of Attorney and translation)
is typically £120
Additional Notary Fee (if buying from UK) is
Official Taxes and Levies
Real Estate Tax is 3% of the declared property value.
Map searches and Military clearance, between £600
Stamp duty 0.75% of declared property value.
Government Earthquake insurance typically about £50
(depends of building)
Connection to Local Services
Water connection: Free (we have our private artesian
Electricity connection: About £ 80
Electricity meter: Offered and installed by the company
Optional Telephone Connection is about £ 20