Advantages of Purchasing Real Estate in Turkey

– Variety of Real Estate Options: From affordable apartments to luxurious villas with sea views, there are options suitable for every budget and preference. 

– Favorable Conditions for Foreign Buyers: Foreign nationals can purchase real estate in Turkey, provided that Turkish citizens are allowed to buy property in their home country. 

– Residency Permit Opportunity: By purchasing real estate worth at least $200,000, you may qualify for a Turkish residency permit, granting you long-term residence and the right to live in Turkey. 

Key Steps in the Real Estate Purchase Process

1. Property Selection: Our experts assist you in identifying properties that match your budget and preferences.
2. Verification of Documents: We ensure the legal security of the transaction by verifying the title deed and other documents. We confirm that the seller has the legal right to sell the property and that it is free from encumbrances, debts, or legal disputes.
3. Preparation of Documents: We assist in obtaining a tax identification number, opening a bank account, and preparing the necessary documents for property registration. Additionally, we confirm that the property is duly registered in the land registry and that there are no unauthorized constructions or modifications.
4. Signing the Sale Agreement: The purchase agreement is drafted in compliance with Turkish law and signed by the parties. It must be properly structured to prevent potential legal issues in the future. After signing, an application is made for the title deed transfer.
5. Title Deed Registration: Upon completion of the transaction and payment, the buyer receives the official title deed (*TAPU*), which serves as proof of ownership.
6. Registration of Utilities: We assist in setting up utility contracts, including water, electricity, and other essential services.

Taxes and Fees Payable When Purchasing Real Estate in Turkey

– Property Acquisition Tax:A tax of 4% of the property’s sale price must be paid at the time of purchase. 

– Value Added Tax (VAT): Foreign buyers are exempt from VAT when purchasing newly built properties from construction companies. However, VAT may apply to second-hand property purchases. 

– Other Fees and Expenses: Additional costs may include notary fees, title deed registration fees, and translation of documents into Turkish. 

Legal Aspects of Real Estate Acquisition in Turkey

– Ownership Rights: Foreign nationals may face restrictions when purchasing real estate in certain areas, such as border zones or strategic locations. However, in general, foreigners are permitted to acquire property in Turkey. 

– Company Formation for Property Acquisition: Foreign individuals can establish a company in Turkey to purchase real estate, which is particularly beneficial for those planning to invest and manage multiple properties. 

– Inheritance Rights: Foreign nationals have the right to inherit property in Turkey. However, local laws and regulations should be considered in inheritance procedures. 

Why Choose Us?

– Professionalism: Our experienced lawyers and real estate experts have in-depth knowledge of Turkish law, ensuring the legal security of your transaction. 

– Tailored Approach: We consider all your needs and preferences to present the best property options for you. 

– Comprehensive Support: From the initial consultation to the moment you receive the keys to your new home, we provide full support, ensuring transparency and security at every step. 

Contact us today and take the first step toward your new life in Turkey!