Property Sales
Buying in Turkey is relatively easy and straight forward, compared to England. Once you have chosen your property and agreed the purchase price, a deposit of 10% is required to ensure the property is taken off the market. At this stage, it is a good time for us to help you open up a bank account and obtain your tax number(s). A contract is drawn up between the seller and purchaser(s) and the official procedures will then be started at the office of the Notary. A copy of your passport together with four passport photographs will be required. At this time, by swearing a Power of Attorney, you can authorise us to act on your behalf while you return to your home country, enabling you to depart Turkey in the comforting knowledge that your property purchase is in safe hands and any questions you may have will be answered by e-mail, telephone or fax. Alternatively you can authorise a local solicitor to be your representative by swearing a Power of Attorney in his/her favour.
All your paperwork is then sent to the Ege Ordu Komutanligi (Military) in Izmir where they do all the relevant checks before matters can proceed.
When approval is received (between 3 and 6 months at the present time). The next step is to put the property into your name. Whilst the property is in the seller’s name it is his/her responsibility to have earthquake insurance, which is compulsory in Turkey. When final payment is made for the property and the property is transferred into the purchaser(s) name(s) then earthquake insurance must be undertaken by them. Property tax is also payable and is approximately 3% of the property purchase price. However, and in general, a minimum price is written in the Title Deed (Tapu). This is legal and it will be more economical for the purchaser and it has no further influence on any future sale.
