The Buying Process in Detail
The buying process in Turkey is quite
simple and straightforward.
Once you've chosen the right property, your Solicitor will prepare a
contract for you, making sure you and your home are fully protected where
necessary. Searches will be done to confirm your home has all the
appropriate planning permissions and is also debt free.
All contracts are prepared in Turkish,
so an official interpreter will be appointed to make sure you understand
exactly what you are signing. An appointment will be made for you, your
Solicitor, the Interpreter and the Seller to sign the contract and hand
over the deposit.
Details of all foreigners buying in Turkey must be sent to the
Turkish Aegean Army
to make sure they aren't buying in a military area. We will handle this
for you and your deeds will be issued as soon as this process is complete.
Because of the large number of people buying property in Turkey at the
moment, this can take up to 6 months. Your Solicitor will make provision
for this in your contract.
When you receive your deeds and final payment has been made, your
property is secure. We will then arrange for water and
electricity to be transferred into your name.
Legal & Fees
Because we are not solicitors and the
legal side of purchasing your property has to be dealt with by
professionals in that field we will arrange a translator who will
translate from Turkish to English all the legal requirements for
purchasing property. They will also prepare your sale
agreement in English.
The following information is intended to
help you understand the process of buying a house in Turkey and to give
you an indication of the obligations of overseas home ownership. Having
instructed a solicitor to handle the purchase, you have the reassurance
that all important aspects will be covered.
Once the sale agreement has been drawn up
by the solicitor, and the buyer & seller have signed it, the new title
deeds (tapu) will be applied for. This process could take 2 – 3 months.
The title deeds will then be prepared
into your name, which is signed in the presence of the notary. You can
either attend the signing in person or appoint someone as power of
attorney to attend on your behalf (which we can do for you).
For the fees and taxes to be paid and for the title to be registered with
the government land registry, the Notary is a public official who is present to officially certify that
the title deeds have been prepared and understood by the parties
concerned.
Costs
A guide to the legal costs
involved
The solicitor’s fees : £600.00 - £1000.00
The legal translator’s costs : £80.00
Other Costs:
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Notary charges approximately:
£100.00 for power of attorney .
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Buyers tax:
3 % based on the deeds value of the property, Approximately.
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Government tax:
£100.00 Approximately
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Community tax:
paid locally.
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Property tax:0.1%
based on the declared value of property, paid yearly, Approximately
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Water & electricity connection
fee: £350.00, Approximately
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Earthquake Insurance:
Depends on property price and location. (required by law)
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If property is bought in a
complex: £400.00 - £700.00
per year, Average maintenance charge When purchasing property, the buyer
will be responsible for paying the water and electricity connection fee.
We can organize this for you when you give us power of
attorney to act on your behalf.
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