Legal Details You Should Know About Buying a Property in Turkey

As far as the European real estate market is concerned, Turkey is the most promising country, especially due to its unique geographical location. Turkey is located between Europe and the Middle East, connecting Central Asia and Europe, making Turkey full of great opportunities for real estate investment.

Geographical advantages are significant, and the Turkish people catalyze these with economic values ​​and regulations. There has been a major technological change in the industry, bringing benefits to the real estate industry.

However, buying a home abroad may seem like a complicated process to you. Also, as a foreign investor, it is difficult to buy property in Turkey because they are not familiar with Turkish real estate laws and feel that they have no control over the process.

As Turkey's most reliable investment consulting firm Property Superiors with its own legal department, our goal is to make everything clear to our clients. In this article, we detail the legal process involved in buying a property in Turkey:

Legal Process: Buying Property in Turkey

We abide by the rules of the real estate investment process, gathering the most important details that every real estate investor should know before looking for a property in Turkey. Also, you can visit our blog site and read our guide on how to buy property in Turkey.

Turkish General Real Estate Law

With the influx of foreign investors into the Turkish real estate market, the Turkish government has enacted laws to support investors and has made some legal changes when buying property in Turkey. Let us now take a look at the updated real estate purchase law;

1. Foreigners can buy real estate and land in Turkey on their behalf, provided the real estate is located in a city and not a village or a rural area or near a military zone.
2. Foreigners who purchase real estate worth more than $400,000 may qualify for Turkish citizenship. For more information on Turkish citizenship by investment, please visit our blog page.
3. Those who acquire Turkish citizenship by purchasing real estate cannot sell their real estate within 3 years.
4. The notary is responsible for the correct processing and execution of the contract. Therefore, in all types of property registration, you must obtain a deed from the property registration department in Turkey.

Before Buying a Property in Turkey

We will discuss the most important legal details that every foreigner must do before buying a property.

Get a Real Estate Valuation Report

No transfer of deed is possible without a property appraisal report. Therefore, evaluation reports should be obtained in advance. The client usually bears the cost of the evaluation report.

Obtain the title deed

For transactions involving title deeds, an appointment must be made online (e-Randevu) or through ALO 181. In order to obtain the necessary documents for the title deed by checking the received message, the buyer should be at the land registry at the given time.

Calculate additional costs

The price of a property is the amount that is asked from the seller, which is the most you will pay when investing in real estate.

Also, you should not forget about additional costs that may be incurred, such as B. Land registration fees, property taxes, subscription fees, DASK (disaster insurance), environmental taxes, painting, renovation and replacement of door locks.

Work with professional real estate consultants

Legal advice before making any investment in a foreign country is a must,

With the right agency, you can get general advice that suits your type of real estate investment. Property Superiors's legal department stands ready to give clients the best possible advice, and we also offer a range of other free services that you can benefit from.

Get Free Legal Advice Now!

Regarding the legal services provided by Property Superiors such as: B. Obtaining Turkish Citizenship and Investment Ideas, legal advisors and lawyers are always ready to facilitate the legal process.

At Property Superiors, we tend to cater to our clients' needs with a wide selection of quality properties, exclusive ocean or forest view homes, and walk with them through the 'before and after buying process'. So they can enjoy their investment knowing that professional help is available.

Make an appointment with one of our agents today!

Frequently Asked Questions

1. Can foreigners buy property in Turkey?

According to Turkish law, any foreigner can buy property in Turkey, provided the property is located in a city and not a village or a rural area or near a military area.

2. Who cannot buy property in Turkey?

Citizens of Yemen, North Korea, Syria, Cuba, Armenia and Nigeria are not allowed to buy land or property in Turkey.

3. Do I need a lawyer to buy a house in Turkey?

Turkish law does not compel investors to consult a lawyer when purchasing property, but it is recommended to seek professional and legal help during the process.

4. Is buying a property in Turkey worth it?

As far as the European real estate market is concerned, Turkey is the most promising country, especially due to its unique geographical location. Centering on Europe and the Middle East, connecting Central Asia and Europe, Turkey is full of great real estate investment opportunities.