PROPERTY PURCHASING PROCEDURE FOR FOREIGNERS AND EXPATRIATES IN TURKEY
PROPERTY PURCHASING PROCEDURE FOR FOREIGNERS AND EXPATRIATES IN TURKEY
In property sectors local and foreing buyers are thinking about making a right and reliable investment. They want to implement the vision and experience that they have obtained abroad in Turkey and buy real estate in the developing and expanding areas in the city.
What should we pay attention when buying a house in Turkey?
Experts and solicitors at our law firm make the following suggestions.
- Check if the apartment you have purchased is the same as the apartment you liked at the title deeds office and municipality.
- If the construction is not complete yet, get Construction Servitude Deed at least.
- If you are purchasing an apartment which is under construction, obtaining Construction Servitude Deed will not suffice. Make a separate contract with the seller. In the contract, identify the delivery time of the apartment, materials to be used and the penal clause that the seller would be obliged to pay you in the event that the apartment is not delivered in time. In addition, include in the contract that the Construction Servitude will be turned into property ownership as a condition.
- If the apartment you are going to buy is not completed yet, make sure that the apartment has Construction Servitude. If it has Construction Servitude, that means it has occupancy permit as well.
You should go to the Title Deeds Office where the residence or residence project to be purchased is registered and check the registry of the relevant property.
In this check, you should know the following before enter into an agreement;
- Who owns the property,
- Share ratios of the property,
- If there is servitude (usufruct) on the property,
- If there is mortgage on the property,
- If there is injunction on the property which may prevent the sales,
- If Construction Servitude is established or there is any obstacles preventing it,
- If the independent section to be purchased is registered in the title deeds registry,
- Surface area,
- Management plan of the property,
- Title deed annotations affixed by the land owner which are imposed on the contractor…
- You should go to the municipality where the residence or residence project to be purchased is registered and examine the present registry of the property to be purchased at the related Town Planning Authority.
If you decided to buy a house in Turkey, If you want to buy the house you have allredy inspected and decised to buy , we will carry out the purchase procedures in accordance with Turkish Laws as experienced and reliable consultants and lawyers. May 2020
Kaya & Partner Hukuki Danışmanlık
Lawyers – Rechtsberatung