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Firstly you need to make sure the title deed of the property is free of any debt, you can appoint a lawyer to carry this out. It is important you find a competent lawyer whom you can trust. You will often be asked for a small reservation fee for the property. Your representative will need to draw up a contract between the seller and purchaser, included will be details of the completion date, payment schedule and terms and conditions.
Your contract should state that the purchase price includes all certification/name change fees/usage bills and no further costs will be payable.

Getting your contracts notarised- You are strongly advised to get your contact notarized, you need to have both an English and Turkish versions of the contract (or a bi-lingual contract) which is signed in the presence of a notary public. This will ensure that the contract is officially accepted by Turkish law and that the terms within the contact are binding for all parties.

When the notarised contract is signed by all parties, the appropriate deposit is paid. You will then need to apply for a security clearance, which is your military approval, this will entitle you to own a property in Turkey – military approval will often be applied for by your representative. You can sign a Power of Attorney which will allow your representative to conclude any necessary paperwork on your behalf.

Important Notice :- This process has now been simplified and if any foreign owned property has already been military approved, any new foreign buyers do not have to re-apply for military approval. (This applies to all parcels that have been previously cleared after 5 May 2011)




If you would like to professional assistance with your property purchase YellAli provides this service. Please Contact us here.




Disclaimer: The information on this site is provided as a general guide. Information published to YellAli is confirmed by official government departments in Turkey. Whilst every effort is made to ensure that the site is up to date and accurate, information may be subject to change at any time. YellAli does not accept any responsibility or liability for inaccuracies in this information.



Tags: Property

The purchaser is liable for a 4 per cent property transfer tax, based on the declared price of the property.

There is also a municipal property tax, again, based on the declared value of the property, at the rate of 0.1 per cent for residential properties and 0.3 per cent for land annually.

One fourth of the tax value (minimum YTL 2,500) of newly built residential properties is exempt from the municipal real estate tax for the first five years.


See YellAli Business Directory for trusted Property companies in Turkey


Tags: Property

Properties in Turkey range from various prices to suit all sorts of budgets.

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In Turkey, generally when a property is purchased this includes ownership of the land.

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Your representative can apply for military approval on your behalf.

You will need to provide your passport(s) and 6 passport sized photographs. Your passport will need to be translated into Turkish by the notary. The translated documents will be sent to the military for approval, you will then be notified once this is completed.

Important Notice :- This process has now been simplified and today if any foreign owned property has already been military approved, any new foreign buyers do not have to re-apply for military approval. (This applies to all parcels that have been previously cleared after 5 May 2011)

Additional update:

For foreigners purchasing property: Military approval is currently not required for the following areas in Turkey: Aydın, Aksaray, Adıyaman, Çankırı, Çorum, Karabük, Kastamonu, Kırşehir, Nevşehir, Niğde, Samsun, Isparta, Kahramanmaraş, Sinop, Usak and Yozgat. *Excluding: Dilek Peninsula, Aydin




If you would like to professional assistance with your property purchase YellAli provides this service. Please Contact us here.




Disclaimer: The information on this site is provided as a general guide. Information published to YellAli is confirmed by official government departments in Turkey. Whilst every effort is made to ensure that the site is up to date and accurate, information may be subject to change at any time. YellAli does not accept any responsibility or liability for inaccuracies in this information.



Tags: Property

On average it takes approximately 1 - 3 months to receive your military approval.

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Legal Restrictions for Foreigners:

a) Persons with foreign nationality can buy maximum 30 hectares of property in Turkey in total.

b) Foreigners cannot acquire property within military forbidden zones and security zones. Renting in such zones is subject to a special permission.

c) In a district/town ( ilce) not more than 10 % of the total area of that district can be sold to foreigners

d) Foreigners from neighbour countries cannot acquire property in provinces adjacent to their country’s borders. (e.g. Greeks are not allowed to buy property on the Aegean coast, Bulgarians on the Thracian border or Russians on the eastern Black Sea coast)

d) The afore-mentioned restrictions do not apply regarding pledges or liens in favour of natural persons and foreign trade companies.

e) Properties are subject to winding up provisions in following cases: (i) if the properties are acquired in violation of laws; ii) if the relevant Ministries and administrations identify that the properties are used in violation of the purchase purpose; iii) if the foreigner does not apply to the relevant Ministry within time in case the property is acquired with a project commitment; iv) if the projects are not materialized within time.


If you would like to professional assistance with your property purchase YellAli provides this service. Please Contact us here.



Content by YellAli - (All Copyright is protected and owned by YellAli - This content may NOT be copied & distributed by another third party, unless appropriate accreditation is given).


Disclaimer: The information on this site is provided as a general guide. Information published to YellAli is confirmed by official government departments in Turkey. Whilst every effort is made to ensure that the site is up to date and accurate, information may be subject to change at any time. YellAli does not accept any responsibility or liability for inaccuracies in this information.



Tags: Property

You can find an estate agency through the yellali business directory
ESTATE AGENCY IN TURKEY

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There are many Turkish banks and lenders which offer mortgages to foreign customers; typically the mortgage offered is for 70-80% of the property value with a 20-30% deposit required.

Please note; Loans, interest rates and requirements may vary for individual banks and lenders.

Speak to a specialist about your requirements;
See YellAli Business Directory for a trusted Financial Advisor in Turkey

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Yes, you will need to have a contract drafted between the seller and purchaser. You will need to appoint a lawyer to draft the contract, which will need to include details of the completion date, payment schedule and terms and conditions of both parties.

Getting your contract notarised - You are strongly advised to get your contact notarized. You will need both a British and Turkish version of the contract (or a bi-lingual contract)
This will ensure the contract is officially accepted by Turkish law and that the terms within the contact are binding for all parties.

Be wary of anyone who does not want to get a contract notarized.


See YellAli Business Directory for trusted Property companies in Turkey


YellAli - Property Companies in Turkey


Tags: Property