Maximos Real Estate Property Buying GuideIf you are interested in purchasing real estate in Turkey and what to get answers on how the buying procedure works, please read this article thoroughly. Our professional team in Maximos Real Estate agency will assist you in each step of buying process.
Turkey is not only the beautiful country with rich history and mild climate, but also world’s top emerging country. It makes Turkey unbeatable in investment offers, the country where you can become the owner of the property within a few days! The economy of Turkey grows so fast, that in 2013 Antalya’s property growth has been risen into 22.62%.
Steps for property purchase:1. Get a tax number for the buyer in Turkey (Vergi No) - tax number is a number that is given to all foreign residents in Turkey in order to facilitate all official transactions on his/her own name.
2. Open an account in one of the Turkish banks.
The procedure for opening a bank account is quite simple. All you need is a passport and tax number. Account can be opened in dollars, euros or Turkish lira, with the minimum amount of 1$.
3. Sign the sales contract
The purchase contract consists of several items written in English and Turkish language, and the contract is signed by both parties the buyer and real estate company. By signing up the contract the purchaser pays the reservation fee to the seller. Usually this is an amount of 1000-2000 euro that guarantees the buyer that the property he is intended to buy will not be sold to anybody else. After signing up the contract the buyer transfers money within 2 weeks to the bank account of the real estate company and the procedure of obtaining TAPU begins.
4. Get the Tapu (document certifying the right of ownership) the buyer of property in Turkey needs the following documents: a copy of the passport, two passport photos and tax number of the sample obtained in Turkey. Please note that the list of documents should be submitted to all owners whose names are registered in the Tapu.
According to the new changes in the Turkish law if one foreigner no matter from which country has already bought a property unit in the Residence, then you can get the Title Deed within 1-2 working days. If the foreigners haven’t bought a property yet, then it will last around 6 weeks to wait for the Resolution from the Military Department in Izmir.
By the time of transfer the ownership (TAPU) must be paid the full value of the property, as well as all taxes and fees connected with the Tapu.
Tapu is registered at the local Land Registry Office and issued directly to property owner or his representative in the presence of a sworn translator. After receiving Tapu the buyer becomes the owner of the property.
5. Open water meter and electricity on your name
Make the registration of water meters and electricity on your name that should be done only after receiving the Tapu.
We guarantee our clients a complete legal support. You can count on our company at all stages - before, during and after the purchase of real estate in Turkey. If you have any questions, please contact us and we consult you step by step.