Are you thinking of buying a property in Turkey?
Alanya may be what you are looking for!
If you are looking to buy a house in Turkey as a nonresident, there are a few things you should keep in mind when it comes to legal matters.
From the documents you need to understanding what you’re looking for, here is a simple guide on where to start.
The best way to get to know the property you want to buy is to conduct a thorough inspection. Scrutinizing the property, the area it is located in, the local environment, and the lifestyle of that area are essential things to know when buying a property in Turkey.
After you have chosen specific projects that you want to see, you should request an inspection tour and visit the city to look. This inspection will also help us understand your preferences.
Property in Turkey have three requirements: first, there must be a “tapu,” which is a title deed, “imar,” which is a building license and “iskan,” which is a habitation certificate.
You do not actually want to dish out any money if you are unable to verify that the property contains all of the above.
It is highly advisable to check with the Land Registry Office, Tapu Dairesi in Turkish
To make sure the property you are checking out is legal for purchase and that the deed does not have any outstanding fines or debts connected to it, such as an “ipotek,” which is a lien on the property that you would be liable for if purchased.
In new builds, make sure the name of the title deed has been transferred to the contractor versus the landowner if that is who you are purchasing from and do not relinquish any funds and only pay for the property in full after the deed has officially been issued in your name.
There are methods available by banks in Turkey to ensure funds are secure for both parties during the transaction process.
Having an “iskan,” which is a habitation certificate, proves that the home is habitable and has been built according to the required standards and earthquake regulations.
This will make getting loans or setting up a mortgage on the property possible and is decipherable by the deed having a check in the box for “kat mülkiyeti,” which means property ownership vs. the “kat irtifakı,” which denotes ownership of a building that is not yet habitable.
Title deeds in Turkey come with either blue or red borders. Those with blue borders denote land or land including a detached home, while deeds with red borders refer to units in an apartment or housing complex, the latter of which is referred to as “site.”
An important point to keep in mind when purchasing homes with red-bordered deeds is that in most cases there is a common monthly maintenance fee required to be paid by homeowners.
Real Estate Law in Turkey
The Land Registry law regulates the purchase, sale and ownership of immovable property for foreign investors and those who want to make these types of acquisitions must know the legal basis for investments in real estate.
According to the real estate law, when purchasing real estate in the country the buyer must make a transfer of ownership from the owner.
This is done at the Land Registry Office corresponding to the town or location of the property.
The purchase process starts with a preliminary sale/purchase agreement concluded between the parties which contains the main conditions for sale and grants the parties some powers.
The sale agreement alone is not enough to transfer the ownership of the property. When making an application to the Land Registry Office, the buyer and the seller must present the following documents:
- the title deed of the property;
- identification documents;
- the property value statement document;
- earthquake insurance policy;
- photos of the seller and buyer;
- payment proof for the title deed fee and other taxes, if necessary.
Do you still have doubts that buying property in Turkey?
Please dont hesitate to contact with us for any questions and an Inspection Trip to Alanya.
Best Regards from Alanya
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