Buying a Property in Turkey

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The Turkey Government takes great pains to stimulate tourism. Since mid 1960 the order controlling of settlement has been altered in such a way that private persons from abroad are enabled to buy and descend property.

Please pay attention to the following points.

- From July 2003 the new TAPU law ( 4916, book 19, section 35 ) allows foreigners to buy and descend property within boundaries of villages also.
- According to this law on tourist settlement ( nr. 2634, 8/E ) the Central Chambers of Registration has to grant and entry the purchase of a property. this applies particularly to areas outsite the tourist regions.
- Areas within military and safety zones however are excluded. Within any exception inquiries have to be made at the military authorities at Izmir. Contractual settlement and entry in the register of real estate property can be realized only after permission of the military authorities.

Entry in the register of real property.

The proceeding of the process is as follows.

1. The buyer authorizes the real estate agent.
With this authorisation the agent starts to apply for all necessary licences and for the entry in the Central Chamber of Registration, within all legal potetialities and rules. Included are application for water supply, telephone, electricity, a.s.o.
2. Application for/ entry in the Central Chambres of registration.
Before obtaining the military authorities at Izmir has to grant the request.
The buyer has to deliver the following:
  2 very like passport photographs
  2 copies of the passport
     present address in the country of origin
     name of the father
The vendor has to supply:
  1 very like passport photograph
  2 copies of the passport
     present address
     tax identity number
3. An official translator proceeds with the process and will give the buyer an oral explanation about the location and qualities of the bought object. After the receipt of the official permission the buyer will receive the original copy of the entry in the register of real property. If required a written translation of the title-deed (TAPU) can be abtained.


4. Transference tax as well as administrative and notarial costs will amount to approximately 200 euro untill 300 euro, depending of the bought object.
ART-ÖZ Real Estate may take care of your repeating payments, like for water, gas, electricity, cleaning, real estate tax ( yearly ), a.s.o.
We can provide you with all information.


Annual property taxes

 Buildings (general)  0,2 % (of the property value stated in the tapu)
 Houses  0,1 % (of the property value stated in the tapu)
 Plot  0,3 % (of the property value stated in the tapu)
 Plot beyond town boundaries  0,1 % (of the property value stated in the tapu)


Additional costs included in the property selling price

 0,3%  Conveyance tax : The tax amount relates to the property value stated in the tapu. Conveyance tax is fixed, based on the value and location of the property and is paid at the Ziraat Bank.
 EURO 200,-300,->  Tax of landownership : This is defined by the value given and the situation of the immovable good. ca.
 EURO 70,-

 EURO 50,- 		 Notariel cost: To make it easier for you, we make the routine pattern Notariel authorization.

 Charge of writing : These are the cost of preparing to registration.
 EURO 50,-

 EURO 20,-		  Interpretor : The law in Turkey prescribes a sworn interpretor for legally correctness.

 Delivering at military administration
 Returning costs ( yearly )  Property tax : Each year you will have to pay before 31 May, 1 per mille of the given purchasing price, to the local authority.


Costs of electricity, water and telephone

Electricity
 EURO 100,-  Subscribtion of a new property ( only once)
 EURO 20,-  Remit to your name ( only once)

Water
 EURO 65,-  Subscribtion of a new property (only once)
 EURO 43,-  remit to your name (only once)

Telephone
 EURO 8,50  New subscription
 EURO 4,22  Monthly costs from up