Procedures for owning a property in Turkey

The Turkish government has put in place a set of regulations and laws regulating the process of real estate investment in the Turkish real estate market in the form of procedures placed at the disposal of the investor who wants to own real estate in Turkey with the aim of taking the investment process its right course and achieving the desired goal, which is to collect the profitable investment return.

Procedures for owning a property in Turkey

1 - Dealing with a real estate agent in Turkey:

You must cooperate with a real estate company known for its experience in the Turkish real estate market, as it provides you with many services from the moment you arrive in Turkey until buying the property in Turkey and registering it in your name. This will not be a waste of time at all. On the contrary, these companies save you a lot of time, effort and money by offering many options of apartments and real estate that suit your desire, and then enable you to obtain real estate advice from experts and specialists in the field of real estate in Turkey from Engineers, real estate dealers and lawyers who follow all legal procedures and are keen to preserve your rights and ensure that you do not fall into the trap of real estate fraud.

2 - Setting the goal of owning a property in Turkey:

When you decide to own a property in Turkey, you must determine in your mind the purpose of this property, whether it is for housing, or in order to obtain real estate residency as a step towards obtaining Turkish citizenship, or in order to invest in it by renting or reselling it, this helps you choose the property The one that achieves your desired goal.
3 - A field visit to Turkey in order to get acquainted with the real estate market on the ground instead of getting to know it on the Internet.

4 - Make real estate tours in Turkey:

If you aspire to participate in real estate investment projects under construction, be very keen to visit the construction site and verify for yourself the quality of the materials used, as well as to ensure that all the specifications that were agreed upon between the owner and the buyer, thus guaranteeing your rights, and there are many of the real estate companies that are interested in this stage and provide periodic field tours to real estate.

5 - Take a look at the real estate prices in Turkey:

You will need to negotiate the price of the property not only on the price but also on the terms of sale so you must have a background on real estate prices in Turkey, This step occurs once you have selected the property and most expats will use a real estate agent if they are not familiar with the area and at this point your lawyer will check the property papers and look at the required documents.
6 - After a round of negotiations on the price of the property, the best price will be obtained and a deposit will be provided.
7 - There is a set of identification papers that must be organized and prepared in order to own a property in Turkey.
8 - Follow up on the technical specifications of the apartment and the project you wish to own.
9 - If you want to own a property for housing, you must study the room divisions and their suitability to your needs and the number of your family members before making a purchase decision.
10 - It is important to inspect the environment surrounding the property as well as the property to make sure that there are no different sources of disturbance from the surroundings of the project before purchasing.
12 - Pay attention to choosing the appropriate look, and check that it is not possible to close the look later.
13 - Get to know the environment around the house and the construction site well.
14 - Ensure the integrity of the legal status of the house, and the cleanliness of its record in the title deed departments, as many properties are tied to a mortgage or have certain problems.
15 - Preparing the economic feasibility of investing by owning a property in Turkey by calculating the monthly or annual expenses and returns for the property, as there are additional expenses on the property in exchange for project services.
16 - Beware of fake offers and falling into the trap of real estate fraud, as you are in a new country, and caution must be the master of the situation.
17- Do not be deceived by exaggerated real estate investment returns, as most of these offers are fake offers, and a number of problems often disappear with them.
18 - Obtaining a tax number for the buyer from the relevant tax department:
One of the important things that the process of buying a property without it is not right, it is to extract the tax number from the real estate department, and this number is given to every person who does not hold Turkish citizenship in order to facilitate all government procedures for him, and without it he cannot own real estate in Turkey or apply for a Turkish citizenship.
19 - Opening an account in one of the banks that have agreements with Middle Eastern banks:
As it is necessary to open a bank account in one of the Turkish banks in order for the money to be transferred to it from the buyer’s country of origin, as it is required that the purchase process be made by bank transfer exclusively, and it will benefit you later in obtaining the real estate residence and is considered one of the necessary supporting documents In order to obtain Turkish citizenship.
20 - Signing the contract between the seller and the buyer in the company’s office with an attorney, if necessary:
After doing all the previous steps, the most important step comes, which is the signing of the purchase contract between the buyer and the real estate company. This contract is drawn up in both Turkish and the buyer’s native language, and then a deposit of 5 to 10 percent of the property value is paid to the real estate company, and this is in exchange for Seizure of the property pending the issuance of the title deed i.e. Tapu.
21 - Attached to the primary contract is the title deed of the real estate and is in the name of the owner who signed the contract or his official representative.
22 - In addition to a copy of the project’s building permit, two personal photos of the buyer, a translated and certified copy of the buyer’s passport and a copy of the seller’s identity card, and part of the property value is paid as a deposit to reserve the property.
23 - Waiting for the procedures that take approximately two months to register the apartment, because the documents are sent to the affiliated security departments to obtain the security approval.
24 - Completion of the property registration duly by the state employee and in the presence of an official translator to explain to you the terms of the contract, after the security approval is issued and you are summoned to go to the real estate ownership department.
25 - The title deed and the key are duly delivered after signing the contract in the presence of the real estate consultant from the real estate company if it is the mediator, and the rest of the property value has been transferred or delivered. At this stage of buying real estate in Istanbul, your lawyer will participate in this process to make sure that the property has no debts and all legal paperwork is ready so your attorney will begin the process of applying for the title deeds.
26 - There is a new requirement to obtain an Energy Performance Certificate, which categorizes the energy efficiency of a building in order to obtain services such as electricity and water.
27 - You will also need to register for mandatory earthquake insurance.
These were the most important procedures for owning a property in Turkey with the multiplicity of desires and goals of this step. The procedures are general and common with minor differences in the details related to administrative and legal matters.

Procedures for owning a property in Turkey

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