Buying Property In Turkey As a Foreigner
What Are The Types Of Real Estate?
Land(Arazi); It is called a piece of land that has not passed the zoning application. The boundaries of the land are determined by hills, mountains, roads, streams, walls, woodland paths or signs.
Field(Tarla); It is defined as a limited and definite piece of land suitable for agriculture.
Plot(Arsa); It is expressed as the piece of land that has a zoning application and can be built on it, that is not cultivated, that is parceled out and that remains within the boundaries of the municipality.
Residential(Konut); It refers to the place where the need for shelter is met and allows the person to continue his private life.
Commercial(Ticari): Commercial property refers to land and buildings that are used by businesses to carry out their operations. Examples include shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels.
Industrial(Endüstriyel): Industrial real estate refers to land and buildings that are used by industrial businesses for activities such as factories, mechanical productions, research and development, construction, transportation, logistics, and warehousing.
Real Estate Buying Process In Turkey
When you decide to buy real estate in Turkey, the first thing you should do is to contact a reliable real estate agency that provides professional service. Although the process of buying real estate for foreigners in Turkey is easy and fast, it will not be easy to carry out legal procedures in a foreign country without professional help. You should determine your wishes and budget and clearly convey this to the real estate consultant. You should share your purpose of purchase (living, investing, renting, etc.), the features you want to have in the real estate you want to buy (size, social facilities, location, view, etc.) and your budget with the real estate consultant. The real estate agent will determine the most suitable options for you in line with your budget and wishes. Make sure to visit the properties you like among the offered options and see them on the spot. Ask about the terms of sale and payment schedules of the offered real estate. Pay the deposit for the property you like and are considering buying.
When you pay a deposit for the property you like, the property is reserved for you and the price is fixed. However, if you give up, you cannot legally claim this money back. When you decide to buy a property, you must sign a contract. Before signing the contract; Make sure that there is no lien or mortgage on the property. If you work with us, we follow this whole process and make sure that there is no lien or mortgage on the real estate you bought by doing all the necessary research for you. You should sign the contract and make an appointment by applying to the Land Registry Office. On the day of your appointment at the land registry office, you must send the price of the immovable to the seller through the bank. Sending via bank channel; It will create evidence in your favor in case a problem arises later. After the deed transfer takes place, the house is now yours.
The transactions to be made after the title deed transfer are the transactions such as electricity, water, natural gas subscriptions, insurance transactions for the use of the property. Considering all these transactions, working with a reliable real estate agency will provide you with many benefits and facilitate your transactions in a foreign country. Realtors, on average, charge a commission of 2% to 6% for the house they sell. That's why we help you find the best real estate agent for you.
- Are there any restrictions when foreigners buy real estate in Turkey?
Yes, real estate for foreigners to buy; It cannot be located in a military zone, a place of historical importance, forest zones or primary agricultural lands. All the properties in our portfolio that we publish on our site are suitable for foreigners to purchase, without any restrictions or legal barriers.
- Are there any restrictions on the number of real estate foreigners can buy in Turkey?
No, there is no restriction on the number of real estate foreigners can buy.
- Can I get a residence permit when I buy a property in Turkey?
Yes, any foreigner who buys a property worth more than 75,000 USD in Turkey can get a 1-year residence permit.
- Citizens of which countries can buy real estate in Turkey?
Citizens of all countries can buy real estate in Turkey except Syria, North Korea and Armenia.
- What are the documents required for the deed transfer process?
For the deed transfer process in Turkey, copy the identity card and a copy of the buyer and the seller, 1 photo of the seller and 2 photos of the buyer taken within the last 6 months, "No Tax Obligation" letter from the municipality, if there is a power of attorney, a power of attorney, a photocopy of earthquake insurance(dask) and a photocopy of the title deed are required. However, if you wish, we carry out this procedure for you, including the collection of documents.
How Should I Pay The Seller When Purchasing Real Estate?
When purchasing the real estate, be careful to pay the fee through the bank channel and write the real estate information in the explanation section and indicate that it is for the purchase price. Thus, if you encounter any problems, you will have proof that you paid for the real estate.
How Much Is The Deed Transfer Fee?
The fees paid by both the buyer and the seller to the government in real estate sales transactions are called title deed fees. The title deed cost, also known as the title deed fee, is calculated as 4% of the price of the real estate sold in the title deed office. 2% of this is paid by the buyer and 2% by the seller. In addition, a revolving fund fee must be paid. The revolving fund fee received during the title deed transactions is an official fee and has been determined as 157 TL for the year 2022. In addition, an additional service fee of 21.50 TL is charged. A total of 178.50 TL must be paid as the revolving fund fee.
Where Is The Title Fee Depended During The Transfer?
The deed fees are paid to the tax office to which the transferred real estate is affiliated or, the payment can be made in the banks with which the land registry office is contracted.
What Should I Consider Before Buying a Real Estate?
There are many conflicts in practice because the title deed record of the purchased real estate is not examined before the purchase is made. In order for the buyer not to experience any loss of rights or to encounter any unexpected situation in the post-sale process, the title deed records must be examined before purchasing real estate.
- It should be investigated whether the person making the sale is the owner of the real estate in question, and if he is performing the sale by proxy, whether he has the necessary power of attorney.
- It should be learned whether there are limitations such as mortgages, liens, precautionary measures that may prevent the sale, affect the value of the immovable or require the responsibility of the buyer in the registration of the immovable. Although there are limitations on a real estate such as mortgages, foreclosures and measures, it does not prevent the sale; This situation should be investigated from the title deed before the sale. Because, in case of sale, the real estate will be transferred to the buyer with the said limitation, so the buyer must know and accept this. Otherwise, it will be possible for the buyer to experience irreparable damages in the future.
- Examining Municipal Records;Municipal records of the real estate to be purchased should also be examined. Because, the recent fate of the immovable to be purchased, its zoning status, whether it has a building occupancy permit, whether it owes property tax or not, can only be learned in a healthy way by examining the municipal archive file of the relevant immovable.
- Real Estate Sales Contract Signing ;It is a mutually executed contract in which the seller undertakes to give the immovable in return for the agreed price, and the buyer undertakes to purchase and pay the price of this immovable, and which covers the promises and commitment statements of the parties before the land registry officer. People who want to buy real estate must base the sale process on a legal document by signing a written contract in order not to lose their rights in the future.
If you work with us, we do all this research for you. We also prepare the real estate sales contract for you.
What Happens If I Buy Real Estate With a Tenant?
First of all, it is very important for what purpose you bought the real estate. If you are buying for commercial income, it will not be a big problem for you if the property is tenanted. However, if you want to actually use the real estate, it will be a problem for you to have a tenant. It is a very difficult process to remove the tenant from the real estate in Turkey. In order to evict the tenant from the immovable you have just bought, you must send a warning to the lessee and state that you are the new owner of the immovable and that he must evacuate the immovable within 6 months. Within these 6 months, the tenant is not legally obliged to evacuate the immovable. For this reason, you may not be able to use the real estate you bought for 6 months.
I Rented My Real Estate Can I Evict My Tenant?
Everyone who owns real estate in Turkey is wondering if I can remove my tenant. According to Turkish law, it is not possible to evict your tenant, even if your lease has expired. The only way to evict your tenant with whom you have signed a rental agreement is to delay the rental fee and apply for enforcement with a warning to be drawn. But remember that this is a very long and difficult process.Since it is so difficult to evacuate the tenant, the preparation of the lease agreement is of great importance. If you work with us, the lease agreement will be carefully prepared by our team of expert lawyers. In addition, it is possible to remove your tenant on the date you have determined, thanks to a special document called the eviction letter that we will prepare in addition to the rental agreement.
**This study is prepared by Kula Law Office. Please contact by e-mail ([email protected]) or call at +902324350604 for publication of the article in other channels, detailed information and questions about the subject.