The procedure for buying a property in Turkey

STEP 1 Property selection 

During the first stage the company monitors the market and a selection of property units is made according to the investors’ preferences;

STEP 2  Arranging a visit 

The next step involves arranging a trip to Turkey so that the investor can view the properties and choose the best one;

An agreement is concluded between the agency and the buyer in two languages - Russian and Turkish, where the property price, the amount of the deposit, the payment schedule and additional conditions are discussed and agreed. 

When the contract is signed, the client has to pay a deposit (usually 10% of the property value).

After the whole price of the property is paid, the TAPU (or title deed) should be processed.  In Turkey, there is a title system for real estate registration.

A notary can only prepare a contract that will include purchase and sale contract terms, but the title completion could only be carried out by TAPU.

In order to obtain TAPU, the following documents have to be filed: 

• Passport and copy; 
• Photo; 
• Turkish Tax identification number (which is assigned by internal revenue service headquarters; a procedure which only takes a few minutes). 

After 3 – 5 days, when all taxes are paid, the seller and the buyer should meet at the Cadastral department and, in the presence of a sworn interpreter (which is compulsory) they need to sign an act that they don’t have any claims. 

Following that the property is passed into the ownership of the buyer.  

- TAPU tax

- 4% of the property value 

- Photo for TAPU;

- Translation and notarization;

- State taxes; 

- Sworn interpreter (around  50 EUR);

- ISCAN (is required only when a property in a new building is bought). Usually it is paid by developer;

- Connecting electricity: around 100 EUR for new building projects and around 30 EUR for secondary housing;

- Connecting water: around 60 EUR for new building projects and around 30 EUR for secondary housing. 

Additional costs: 

The annual property tax is around 0.1-0.3% of the property value.