Buying Land in Turkey


Buying Land in Turkey

The buying process is quite simple in Turkey .When you have found the property you wish to buy you will need to pay a small Reservation Deposit in order not to lose the property to another buyer.

The Notary will then draw up a private contract between the buyer and seller or between their legal representatives.

The next stage is to obtain your Title Deed (TAPU) from the registry office .The time scale for completion the deed for non Turkish citizens will take anywhere up to 6-8 weeks or more to receive approval letter for purchase from the relevant government agency. With approval the buyer can make the final payment and complete the transaction by going to the land registry office and changing the ownership of the deed.

Who Can Buy Land in Turkey?

In May 2012 a new law was implemented by the Turkish government which lifted a large amount of restrictions and opened the Turkish property market to citizens of more than 129 different countries. Some of the old rules still remain in place, such as real estate owned by a foreign national in a Turkish town cannot exceed 10% of the town’s land area and a foreign national cannot purchase more than 300,000 square meters of land (30 hectares) in Turkey without first acquiring approval from the ministry of interior in Turkey.

Information on countries whose citizens can buy property and estate in Turkey can be provided by the Turkish Embassies/Consulates abroad and the General Directorate for Land Registry and Cadastre.

1. Persons with foreign nationality can buy any kind of property (house, business place, land, field) within the legal restrictions.

2.Persons with foreign nationality who buy property without construction (land, field) have to submit the project which they will construct on the property to the relevant Ministry within 2 years.

Generally it is possible for a foreigner to buy land and property but with 3 main restrictions as follows:

A-) According to article 87 of the Law of Village numbered 442, the property must be located within the municipality boundary .

B-) According to the Law concerning Military Forbidden Regions and Safety Regions, properties in the military forbidden regions and safety regions can not be sold, transferred or leased to foreigners.

C-) According to article 36 of the land Registry Act numbered 2644, foreigners in Turkey cannot acquire more than 30 hectares of property,although legal inheritance is the exception to this law.

More detailed information in English can be seen at:

www.mfa.gov.tr/guidance-for-foreigners

According to the Turkish laws and regulations in force, transfer of ownership of a property is only possible with an official deed and registry which is signed at the Land Registry Directorates.

It is possible to sign a ‘sales commitment agreement’ before a notary. However, legal ownership to the property does not pass with a ‘sales commitment agreement’ or other kind of sales agreements to be signed before the notary.

When looking for a plot of land to build on you must keep in mind that there are a few different types of land titles in Turkey . Some have restrictions on building.and on the percentage of the plot that can be built on. You must check which type you are interested in buying by looking at the town plans which can be found at the Town Hall and getting confirmation from them before commencing with a purchase agreement. Make sure you can do what you want to do with the land according to its deed type before making a purchase.

A 1.5 % duty for the purchaser and seller must be paid to the government and usually the purchaser pays the sellers part. There is also an annual tax which is 0.1% for houses and 0.3% for developed land, which is collected by the local goverment. There is tax exemption for 5 years for new properties and all properties are subject to revaluation every five years for tax purposes.

At Naldoken Construction all these details can be addressed in English before you proceed with anything – making your purchase stress and worry free.

Office: 0090 252 284 3301
Mobile: 0090 549 572 7777
Fax: 0090 252 284 3487
E-mail: naldokenconstruction@gmail.com
E-mail: info@naldoken.com
Web : www.naldoken.com