When you decide to buy your dream property in Turkey, it’s your turn to make a deal with a contract. In this Contract, we will write all the details about the buyer, seller, real estate, purchase price, payment terms and other features of the transaction. In accordance with this contract of sale, it is necessary to make a deposit, which may vary from object to object.
After the conclusion of the contract, we will submit an application for all necessary documents to the Cadastral Chamber in your name. The deadline for submitting documents is also prescribed in the contract.
Turkish law requires that a state-certified translator be present at the Cadastral Chamber, who will translate to you all the details of the transaction recorded in the register and answer your questions. Then you will receive a Tapu in your name, and you will become the legal owner of the property in Turkey.
Before transferring the Tapu to your name, you must pay all taxes and transaction costs.
The procedure for buying real estate in Turkey
To purchase real estate in Turkey, the following documents are required:
For the buyer
• 2 recent passport photos
• 2 copies of passport (passport must be valid)
• current home address
• Turkish tax number
For the seller
• 1 recent passport photo
• 2 copies of the passport
• current address
• Turkish tax number
Attorney
To save you from running around the Turkish authorities, you can authorize the purchase/sale of real estate in Turkey with a notarized power of attorney to fill out all applications for tapu, water, electricity, telephone, Internet, residence permit (Iskan) in your name.
To issue a power of attorney, you will need your original passport and 2 passport photos.
Turkish Tax number
We will help you get a Turkish tax number online in 2 minutes. You will need a Turkish tax number to open a bank account, transfer tapu and in all official matters.
To apply for a Turkish tax number, you need a passport number, the name of the father and mother, an address and a phone number in Turkey.
Open a bank account in Turkey
As a foreigner, you can easily open a bank account in Turkey. You need your original passport, Turkish tax number and address registration in your country. This can be a registration document or an invoice that contains your name and address.
important. At the moment, not all banks open accounts for foreigners. Those that open require a deposit for different amounts and terms. We will advise on all banks and opportunities. Also, our specialists will accompany you to the selected bank and help you to issue a multi-currency account.
IMPORTANT. Since 2022, the authorities of the republic have introduced a mandatory DAB certificate, which is obtained in a bank. The certificate indicates that a foreigner purchasing real estate imported into the country an amount in a currency equal to the amount indicated in the cadastre, and exchanged this currency for lira. As a rule, the sale amount in the contract is indicated in euros. Therefore, losses on exchange rates are inevitable.
Purchase costs
Taxes on the transfer of real estate 4% of the amount of the official title
Registration in the land registry is about 300-450 euros
Translator about 1,000 euros
Earthquake insurance (DASK) 25 – 60 euros
Iskan (Technical passport for a new building, if the purchase is an off-plan) 2,500-5,500 euros
Electricity registration 100 – 1000 euros (the highest price tag for new buildings involving the installation of meters)
Registration for water 50 – 1000 euros (the same as with electricity)
Fees for the sale of real estate in Alanya (entry in the land registry) 180 euros
Fees for the sale of real estate in Alanya (registration of water and electricity) 150 euros
Fees for the sale of real estate in Alanya (Real estate with permission/ iskan) 125 – 275 euros
Fees for Sale of real estate in Alanya (residence permit)350 TL
Power of attorney (1 person) 200 – 250 euros
Please keep in mind that tax rates and the price of registration are systematically and annually rising, the amounts given are valid for the middle of 2023
