Buying Property in Turkey FAQs

Buying Property in Turkey FAQs

Please use this link to guidance from the Turkish Ministry for Foreign Affairs:

http://www.mfa.gov.tr/guidance-for-foreigners.en.mfa

For a list of countries whose citizens can easily purchase land & property in Turkey please click HERE

Yes. Mortgages are available, please see our Financing the Property section. We can help you with all aspects of your application from choosing your bank to translations.

Yes, you need a Turkish tax number which we can help you to acquire and your I.D, passport etc. and proof of address in your home country which is less than 3 months old.

In Turkey you can set prices in any currency (Lira, Pounds, Dollars). Many properties are sold in Pounds and Euros because the seller is a nationality that uses that currency

Yes, you can. We will advise you if your offer is a sensible one and proceed from there to facilitate negotiations with the vendor.

Your deposit can be paid in cash or bank transfer. It is normal practice to put down a smaller deposit to secure the purchase, normally 3%. The contract is then drawn up with a timeline being put in place for the payment of the remainder of the deposit, normally taking the full deposit up to 10%. The 3% is not normally refundable if the buyer pulls out of the agreement unless your solicitor has advised a valid reason that the purchase is not sound.

Keyholders International Property Group always recommends you to seek legal representation for your house purchase.

After you have paid your deposit, the contract will stipulate when payments should be paid. In the case of an off plan project there are usually staged payments that can be agreed with the builder. We will assist you to negotiate these payment intervals and guide you on normal practice. The final payment of any property will be made on the day of Title Deed (TAPU) transfer.

You do not have to be in Turkey to complete the sales process. POA can be given very easily and securely to your solicitor. You can even give POA from your own country although the fee for this process is higher (but usually cheaper than an off season plane ticket). Normally, purchasers give POA to their acting solicitor, who completes the deal on their behalf and ensures the title deed goes into the buyers name and utilities are transferred to the new owner.

Yes, there are no restrictions on you removing your money from Turkey. A simple international bank transfer takes it to where you want it to go.

Turkish Inheritance Law regarding property is very clear and you should always take qualified legal advice regarding the validity of any will. Always make any will under the guidance of a solicitor in Turkey and take the following into consideration.

Official will: To consider the will effective, notarisation is required by a consulate general, notary or civil court of peace. The next requirement for an official will is to have two literate witnesses present. The witnesses must be people who have a legal capacity, are not barred from public service and are not relatives of the will maker. They must be present when a will maker signs the will in order for the will to be considered valid. A medical report must prove that a will maker is of sound mental health and has the capacity to make a contract. A will maker may draft his or her wishes and apply to the authorities to make the will valid, or can express those wishes so an authority can write them down to be notarised.

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