The Process of Buying a Property in Turkey as a Foreigner
After you have made the decision of wanting to buy and own a real estate property in Turkey, it is vital to work with a professional and honest team, in order to gain more knowledge on the area and the property you are interested in, as well as purchase the property without any problems (or problems that may occur thereafter). At turkey-realtor.com it is our priority that guests looking to purchase a real estate property within the country are able to do this as smoothly as possible.
We start the process by working closely with you and first learning what kind of real estate property you are looking for; whether it be a property to live in all-year or whether you are looking to add to the buy-to-rent industry in some of Turkey’s most popular holiday locations. In line with the information we have learned from you, we determine a suitable time for you to examine the options that meet your criteria, organise a trip with our authorised real estate consultant, and let you see all the options that have been deemed suitable for your criteria.
Once you have chosen your dream real estate, our company's legal department will inspect the real estate you like. If there is no obstacle in purchasing, we will then start taking the necessary steps to make an agreement for you to purchase the property. Finally, you start the process of taking over the title deed of the real estate; once all the required documents have been prepared you will complete the transfer process in the Land Registry Office, accompanied by a member of our team to guide you through the process. The key to your dream home will then be handed over to you – the new home owners.
What Documents Do I need to Purchase a Property in Turkey?
- A valid passport: A copy of your passport, which has been translated by a sworn translator and notarised, will be required (your passports needs to be written in latin letters for this to be translated and notarised)
- A tax number: A tax number (vergi Numara) is required for financial reasons in Turkey. You can obtain one online or at your local tax office
- A Bank account: You can use your tax number to open a bank account in Turkey. This will be then be used to make the transaction for the property to be bought
- An Appraisal report (or a valuation report): This is a document outlining the property’s value, and is necessary to complete the title deed transfer.
- You will also need an official document stating that the property you plan to buy has no outstanding debt against it. If there is any debt on the property this may not allow you to purchase this.
- Foreign Exchange Purchase Certificate: Prior to the purchase, the declared value of the sale price needs to be deposited in your account with the Bank of Turkey and transferred into Turkish lira by the Bank of Turkey, you will then need to ask for a FEPC to take with you to the tapu office.
Why Should I Buy a Villa in Turkey?
There are many advantages to purchasing a property in Turkey; whether you want to relocate completely or simply enjoy a relaxed break in your own place along the turquoise coast. Purchasing a property (over a certain amount) in Turkey also allows you to apply for Turkish citizenship, something that more and more people are choosing to opt for as Turkey allows its citizens dual-citizenship.
