Buying Tips

Buying property abroad is not necessarily the same as buying in the UK, there is other essential information you need to be aware of both before and during your property purchase.

  • It is of paramount importance to seek independent advice from an overseas solicitor.
  • You need to ensure that you will have full title to the property on completion and that you have the appropriate documents available for the lender.
  • Make sure that there is either a semi or full relationship between your citizenship country and Turkey. If there is not a reciprocal arrangement, it is not possible to purchase property in Turkey.
  • You will need to obtain a tax ID number (Vergi Kimlik Numarası), which is required for opening a bank account, contracting goods and services, and dealing with local tax authorities.
  • All properties must hold a “use permission certificate” in order to have water, electricity and sewage services.
  • Make sure that the size and the location of the property is in compliance with Turkish Law. The properties located in forbidden military zones cannot be registered in a foreigner’s name. Purchase of properties larger than 30 acres by a foreigner are subject to the approval of the Council of Ministers.
  • The lender must obtain the security for the loan before a Land Registry Officer and all parties to the sales transaction, including the vendor, purchaser, and/or the actual owner. However, a power of attorney may be used to sign on your behalf.
  • Unless you understand Turkish well enough to communicate with the Land Registry Officer or notary, Turkish law requires you to have a qualified translator. Alternatively, you may wish to grant a power of attorney to a representative of your choosing.
  • You should check with the estate agent and/or your lawyer that you are aware of the costs charged by legal and Government authorities for buying a Turkish property. The lender will also have their own legal costs for assigning the loan, the cost of which they will normally advise you when they issue the mortgage offer. These associated fees/taxes are typically between 10% – 15% of the properties purchase price.
  • Earthquake insurance (DASK) is mandatory for any buildings.
  • Lenders will not advance funds to purchase or renovate properties that are currently uninhabitable.
  • All non-Turkish Nationals must obtain Turkish Military Clearance before the mortgage offer is issued.
  • Properties can be purchased either individually or in joint names with a maximum of two applicants.
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