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Purchasing and legal procedures |
IDEAL| Real Estate Services offers properties
suiting all budgets. We have a very large selection of properties and
IDEAL| Real Estate Services is at your service
to help you with every single step trough the formalities. Buying property
in Turkey trough IDEAL| Real Estate Services is
easier than you think and far more inexpencive than you fancy!
Purchasing Real Estate for Private Use in Turkey is not as complicated as
you might imagine. The procedure is often far simpler than in most other
European countries.
Foreigners may purchase land and property in Turkey under their own names
provided that properties are located in anywhere except restricted military
zones and when the time comes to sell, the proceeds of the sale may be
transferred out of Turkey.
The new owner of a property receives a “Title deed” (Tapu) in Turkish. Tapu
is the official document proving ownership of a property. Land Registry
Office, which is a State Department is the only authority to transfer the
title deed to your name. No other person or authority is able to transfer
the title deed to your name. The title deed may be transferred once checks
have been made to ensure the property meets all necessary requirements. |
Formalities step by step
- When you have decided to buy your own property, you can start with opening a
bank account where IDEAL’s staff will be pleased to help you open a bank
account at a local bank.
- The buyer gives “power of attorney” to IDEAL’s staff, authorising them to
carry out all the formalities for the purchase and to give the buyer post
purchase services. Power of attorney usually includes authorisation to buy/register
the property in the name of the buyer, to obtain “completion report” for the
property, official registration of water and electricity meters, insurance
for the property, registration of property in the municipality department,
payment of local taxes, etc...
- The property owner/constructor and the buyer sign a “Sales Contract” before
a Notary Public in most cases. This is an official document stating all the
personal data of the seller and the buyer, details and the price of the
property, payment conditions, date of the contract, special conditions etc...
This sales contract is signed by the property owner/constructor and buyer in
the presence of a certified translator appointed by the Notary Public. The
sworn translator translates the sales contract to the foreign party.
- An application is made to the Land Registry Office for starting procedures
for Military permission (For checking that the mentioned property is outside
of any Military Zone. In normal circumstances this process may take a couple
of months)
- Once the permission from the military is given, the property owner/constructor
and the buyer (or their legal representatives) go to the Land Registry
Office to transfer the title deed to buyer’s name. A Certified Translator is
required when one of the parties is a foreign citizen.
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