Procedure - buying made simple
The process for foreigners buying a property in Turkey is relatively simple compared to other countries. We have broken down the process into 6 easy to follow steps:
Step 1:
Once you have decided on your property, you will be asked to sign a contract between Buyer and Seller. This secures the property, ensuring it cannot be sold to anyone else.
The contract will contain details of purchase price, payment dates and required deposits. The deposit will need to be paid at this stage.
Step 2:
A photocopy of your passport and 4 small passport sized colour photographs will be required to accompany the paperwork.
Step 3:
We will visit the Notary (Deed Office) together, along with a translator. Papers will be compiled giving full details of the property purchase.
At this stage you can give authority for one of our representatives to act as your power of attorney, whilst you are in the UK. This will enable us to sign paperwork on your behalf in respect of purchasing the property but does not give consent to sell the property .
Step 4:
Once all the paperwork has been sent for approval, you will be required to transfer the money outstanding.
We recommend that for the best rates you use a commercial foreign exchange company and not your local bank.
Step 5:
On completion of the paperwork, the documents will be sent to the goverment for approval. The Military checks will be carried out at this stage. This process is generally taking approximately 16 weeks in the Side/Bodrum/Fethiye regions however in the Antalya region recent transactions have taken upto 12 months for the return of the Tapu from Izmir.This is purely down to the increase in overseas buyers during the last 12 months.
Step 6:
Once the approval has been returned, the property can be transferred to your name. At this stage a copy of the Tapu will be sent to you and you will receive the originals when you next visit your property.
BUYING COSTS:
Additional buying costs when purchasing your property are approximately 5%
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