The following information provides a guide to buying property in Turkey.
This process is not dissimilar to buying property in other countries. The buying process in Turkey is in fact easier than purchasing in many other countries throughout Europe.
One of the first things you will need to do is identify your ideal property and location within our developments. This can be done on a personal visit whilst on holiday, or ideally on a tailored inspection trip. You can also view our developments via our web site and virtual reality tour. Information packs are available upon request along with services such as airport transfers, accommodation and flight booking. We offer a fully comprehensive package from start to finish, incurring absolutely no costs to you upon purchase.
Once you decide on the type of property you would like to purchase, you then need to assess whether or not you would like to take advantage of our guaranteed rental package in order to maximise your investment.
Once you are happy that all your requirements are met you can secure your property by placing
a deposit, which will be reserved for you on our database (Please see payment plans). Following the required government checks (typically 6-8 weeks) full payment or the first of the staged payments can then be made.
Upon placing your initial deposit, your contract will be available for you to sign. You will then be required to forward your initial payment to the developers holding bank account (By electronic transfer) this will then be passed on to the developers via the legal team (Please see payment plans for further details). The deposit is non refundable. We will also need to take a photocopy of your passport. This will also be the case for any partner that may be named on the deeds.
Upon completion of your villa or apartment i.e. receiving you keys and deeds, final payment will be required unless previously paid. Contracts will be exchanged at the local notary office between the buyer and the developer. Any foreigner purchasing property will have an officially appointed government translator present, to explain exactly what is written on all documents before you sign.
Welcome to Turkey, your new home and a gentle way of living.
Q1: Who can buy property in Turkey?
Foreign nationals have been able to purchase property in Turkey since 2002/2003. Recent law amendments also allow foreigners to buy in more locations, which were previously out of bounds.
Q2: What are a Sales Contract and a Title Deed? I have heard about a Tapu, what is it?
The Title Deed is the legal document of ownership of the property and the most important document in the whole process. The Turkish name for this document is “Tapu Senedi,” hence the Tapu you may have heard about. Once the property is sold, the title deeds are transferred from the seller to the buyer and that concludes the sale. If there are any restrictions on the property they will be itemised in the title deeds. Therefore it is very important for the solicitor to check the deeds carefully before recommending that the sale proceed. You can also ask to have restrictions placed on the deeds once transferred to you if you wish.
Q3: What documents do I need to buy my property in Turkey?
The only documents you will need to provide personally to purchase your property are your passport and two recent passport sized photographs.
Once the Sales Contract is signed for, the documents needed for the Title Deeds office are;
The Title Deed of the property, a copy of your passport and two recent passport (4cm x 6cm) photos.
Q4: Who’s name will the property be assigned to?
Your own name or anybody you would like to choose to have the property assigned to.
Q5: How will I sign official deed–papers if I can not fly over to Turkey at the time?
You can sign a paper at the notary giving your agent the right to a power of attorney.
Q6: Will the papers be in English?
Yes, in Turkey there is a legal recommendation that all property sales to foreign nationals are notarised by a government-authorised interpreter.
You will be provided with a written translation of the sales contract, also drawn up by the government-authorised interpreter. As the property purchased is in Turkey, the legal contract is in the original Turkish language.
Q7: Do I need to do a will for my property in Turkey?
Yes, this is advisable. Under Turkish Inheritance Law the inheritance of property by a foreign national is dependent on reciprocity between the two countries involved. As Turkish nationals can inherit property in the UK, UK citizens can also inherit property in Turkey. If you have no will, your next of kin will automatically inherit the property (usually your children). If you wish to leave your property to someone other than your next of kin, you should make a will in the UK specifying this.
Q8: Are the properties Freehold or Leasehold?
Almost all properties in Turkey are Freehold.
Q9: Is it cheaper to buy from a developer that builds their own properties?
Q10: I would want to rent out my property – How do I do this? Is there a demand for renting?
We can rent out your property for you and yes there is a high demand for properties to rent. DPM-GROUP offers a full after sales service. Our Management Company can arrange rentals; provide property checks, airings, cleanings in between visits/rentals, pool maintenance, welcome packs for your visit, airport transfers and a lot more. We have a dedicated after sales and rental office in Altinkum, Turkey.
Q12: Do you need a Solicitor?
Officially you do not need a Solicitor, as your Agent will usually do all of the conveyance. However, Solicitors are available for a cost of around £200 to £250.
Q13: Can you help me sell my property in Turkey?
Yes, DPM-GROUP are also an Estate Agency and can help sell your property at www.dpm-group.co.uk which is our resale website.
Q14: I have more questions and queries can you help me?
Yes, please do not hesitate to send us an email or call us from our contact details on the website.
Q15: What are the average residential running costs in Turkey?
- Council tax – £50 per annum
- Electricity – 10p per unit (average bill for a full-time resident is around £25 a month)
- Water – 50p for 1000 litres (average bill £5 a month)
- Gas – £15 per bottle (no mains gas here!) – this lasts about 3 months depending on usage
- Telephone – £4 monthly charge plus 2p a unit (average bill £25 a month)
- ADSL Internet connection – from £14 a month
- Digiturk satellite TV