The Procedure of buying Real Estate in Turkey: Instructions

Purchasing real estate in Turkey is a very simple process. Foreigners have been buying real estate in the republic for many years, and the number of transactions is increasing regularly. The system is accurate. Therefore, every step is simplified, well-established, and smooth. Detailed process of a typical transaction:

Step one: Purchase Agreement

After selecting the property, a purchase agreement is signed between the seller and the buyer. The document includes: details about the property (features, layout, etc.), information about the parties involved in the transaction (seller and buyer), payment conditions, payment deadlines, obligations of both parties. Only a passport is required for the buyer to sign the purchase agreement. The agreement is then notarized, and the process moves to the next stage.

Step two: Deposit

After signing the agreement, the buyer must make a deposit to confirm the seriousness of their intentions and secure the chosen property. The amount of the deposit is usually about 10% of the property's value, as stipulated in the contract. In case of withdrawal from the purchase, the deposit is usually non-refundable or refunded partially, as specified in the agreement.

Step three: Documents

For further actions, including obtaining the Title Deed (the main ownership document in Turkey), the foreign buyer needs to arrange the following documents: Tax Identification Number which is required for all individuals in Turkey. It is obtained from the tax office with a passport. Opening a bank account is necessary for transferring funds for the purchase, utility payments, and residency permit processing. A power of attorney may be required if the buyer delegates document preparation to a real estate agent.

Step four: Payment

Property prices in Turkey are often listed in euros or dollars, but payments must be made in Turkish lira at the current exchange rate.

Step five: Title Deed (TAPU)

The TAPU is the main document confirming property ownership, issued by the Land Registry Directorate. It contains information about the property and its current and previous owners. The buyer usually collects the TAPU personally or through a representative with a notarized power of attorney.

Step six: Utility Services

After obtaining the TAPU, utility service contracts (internet, electricity, water) need to be arranged.

All these procedures are made simple and pleasant when collaborating with an international real estate sales company like EasyBuy. Specialists handle all documentation, provide consultations, and offer assistance. Moreover, all these processes, including property selection, can now be done remotely, and we can assist with that too. Learn more about remote property selection and purchase.