REAL ESTATE PURCHASE AND SALE PROCEDURE IN TURKEY
Although the procedure for acquiring real estate in Turkey is very similar for domestic and foreigners, there are extra procedures that foreigners are subject to due to their status. These transactions are mostly concentrated in the registry examination, regional survey of the real estate and translation services.
Akay Emlak, with its expert staff, facilitates these processes for you and provides you with a comfortable access to your title deed.
Descriptive information about whether the property is available for purchase, which a foreign citizen is planning to purchase; It can be obtained through our embassies, consulates or General Directorate of Land Registry and Cadastre.
Foreign citizens can purchase houses, land, commercial property, and land, provided that they are within the legal permissions.
Foreign citizens who will purchase vacant land or plots that do not have any structures on it; They are required to submit the project of the building they plan on the relevant land/land to the relevant institutions within 2 years at the latest.
Turkish laws state that the ownership of a real estate can only change hands with the transfer of title in front of the authorized institutions.
In addition, the property may change hands with the promise of sale contract made through a notary public, but the properties that cannot be transferred with the promise of sale contract cannot be transferred even if this contract is made.
APPLICATION OF THE PROCEDURE
A citizen of the country that is planning to buy a property can make a purchase if he is a citizen of a country with no restrictions. Namely; In accordance with the reciprocity agreement, citizens of some countries do not have the right to purchase real estate from our country. Citizens of such countries cannot make purchases.
The property owner or his legal representative officially authorized by a notary public will make a preliminary application to the Land Registry Office and transfer the transaction. Depending on the workload of the department, it is processed in the afternoon of the same day or the next day and the process is started.
With the start of the process, the Land Registry Office makes the necessary examinations and if the completion of the title deed transfer is approved, it requests that the title deed fee and the revolving fund fee be deposited in proportion to the current value of the real estate. With the payment of these fees and the submission of the relevant receipts to the land registry office, the signature is reached. The parties and, if necessary, accompanied by a sworn translator and under the supervision of the Land Registry officer, the purchase-sale transaction is approved and signed by the parties.
Thus, the new title deed is issued in the name of the buyer and is registered in the title deed records.