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Buying property in Turkey is a lot easier than in
many other European countries. Foreigners may purchase land and
properties in Turkey in their own names as long as they are located
in towns all around Turkey.
The acquired property may be resold or rented and
the proceeds may be taken out of Turkey.
What are the costs of buying a property?
In addition to the property purchase cost, you are
charged a Real Estate Purchase-and-Acquisition Levy (3%) by the
local Title Deeds Registry Office for the
transaction to be made.
Solicitor
costs are between £150 and £300.
Sworn Translator fee depends on the number of
documents translated, it is generally less than £100.
The buyer and seller must each pay a 3% agent's
commission. These are standard terms offered by all Turkish estate
agents.
Your Decision
When you decide on a property to buy you will
sign an agreement between youselves and the estate agency where you
will place a deposit to reserve the property.
Translation
We will need to copy your passports which will be
translated into Turkish for legal purposes. This will be completed
by a sworn translator.
Photos
4 Passport pictures are requirerd for the TAPU
(Title Deed) and used for your utilities.
Notary Solicitors
This is where you autherise power of attorney,
this is purely related to the purchace of the property to complete
the paperwork, access your utilities, paying taxes and bills on
your behalf. The notary also caries out security and property
checks.
Government Approval
Depending on demand this takes aproximately 8 -
12 weeks, this is to get Government permission for you to buy.
Completion
After permission is granted and the deeds are
recieved by the Deed Office we can, through the power of attorney,
complete the paperwork and access your utilities. We will send you
a copy of your TAPU (Title Deed) and hold your Title Deed until you
are able to collect it in person.
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