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Buying Property in Turkey

Keep in mind that often when buying a brand new property abroad, the property may not be completed internally until it is sold. Fixtures and fittings are added to suit the buyers tastes. It's slightly different to the practice in the UK of simply painting everything beige.

It can be slightly harder to see how the property will look when it's completely finished, but does mean you can have it from the start exactly to your tastes.

The Process

Buying a property in Turkey is a reasonably simple process, but we think it always helps if you know what to expect, and who you're going to be dealing with every step of the way.

To help achieve this, whilst aiming to be as flexible as possible to fit in with your requirements, we try and follow this process below to help you buy your dream home :

  1. You choose a few properties you'd like to view.
  2. Arrange a viewing and visit to Turkey to see the homes in their full glory. We'll show you around, or introduce you to all the people you need to talk to.
  3. Once you've made your final decision, you will be introduced to an English speaking representative of the development company who will take you through the final details.


Please consult an English Speaking Turkish Lawyer for advice before completing your property purchase.

The following extract was taken from the British Embassy web site

The Embassy website: www.britishembassy.org.tr has details or access the Turkish Attorney's Paralegal online www.tapo.co.uk.

British citizens may purchase property in Turkey, subject to the following conditions:

(a) The property can be paid for in either Turkish lira or foreign currency. There are also no restrictions about the transfer of foreign currency or Turkish Lira from a Turkish or foreign bank.

(b) Applications should be made to the District Land Registry office (Tapu ve Kadastro Mudurlugu), when a suitable property for purchase is found.

A recent change in Turkish legislation (i.e. on 19 July 2003) now permits foreigners to buy a property outside the boundaries of a municipality, i.e. council district (Belediye) and within a village or rural area. However, it is still necessary to obtain permission from the Military, prior to purchase.

Note: Turkey and the UK have a bilateral agreement to avoid double taxation. Tax of the property in Turkey is payable to the Turkish tax authorities as the relevant law requires.

 

Needless to say, if you have any questions, feel free to contact us.

 

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