How and where to buy property in Turkey: How to buy

There are simple steps to follow in buying a Turkish property. First, the purchasing contract is signed after an agreement has been made on the property. By this time, the final price should have been agreed upon by both parties. In the contract, the address, price, price inclusions, and the terms of payment are stated.

Secondly, secure a copy of your passport and four copies of colored passport photos. Your mother’s maiden name and father’s full name will be asked for all named persons to be included on the Tapu (title deeds). If for some reason the you can’t go back to Turkey to sign the Tapu, agents, like Ilkem Construction for example, can organize the Power of Attorney. This will enable such a company to act on your behalf and take the Tapu. The company can also organize all other documentation for the property. A receipt for each payment will be issued to the you. The other copy will be kept in the office on file.

The Izmir Military will verify all these details and will be returned in three to six months. They will be checking if you have any criminal record, have worked for intelligence, or any similar suspicious activity or association.

The terms of payment is as follows:

- 30 per cent deposit up front,

- 30 per cent payment eight weeks later

- 30 per cent payment eight weeks after that

- 10 per cent payable upon issue of the Tapu

While waiting for the issue of the Tapu, a full fitout of your property carried out by the agent (Ilkem Construction) on its properties is available on request. A maintenance contract should be signed and the fee for the year should be paid.

If you can travel, you will be asked to go to Turkey to sign the Tapu when it is ready. If the you are unable to travel, the agent will use Power of Attorney. Be sure that your tax number, sitting permission and bank account and home insurance are in order. Allow at least three to five full working days for processing.

Keep in mind that outstanding monies should be paid in full before the Tapu transfer. After all this is done with, you will be the legal owner of the property you bought in Turkey.

Posted on: Turkey

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How and where to buy property in Turkey: How to buy

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