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Buying Property in Turkey

Firstly you need to make sure the title deed of the property is free of any debt, you can appoint a lawyer to carry this out. It is important you find a competent lawyer whom you can trust. You will often be asked for a small reservation fee for the property. Your representative will need to draw up a contract between the seller and purchaser, included will be details of the completion date, payment schedule and terms and conditions.
Your contract should state that the purchase price includes all certification/name change fees/usage bills and no further costs will be payable.

Getting your contracts notarised- You are strongly advised to get your contact notarized, you need to have both an English and Turkish versions of the contract (or a bi-lingual contract) which is signed in the presence of a notary public. This will ensure that the contract is officially accepted by Turkish law and that the terms within the contact are binding for all parties.

When the notarised contract is signed by all parties, the appropriate deposit is paid. You will then need to apply for a security clearance, which is your military approval, this will entitle you to own a property in Turkey – military approval will often be applied for by your representative. You can sign a Power of Attorney which will allow your representative to conclude any necessary paperwork on your behalf.

Important Notice :- This process has now been simplified and if any foreign owned property has already been military approved, any new foreign buyers do not have to re-apply for military approval. (This applies to all parcels that have been previously cleared after 5 May 2011)

For further information please see YellAli's article; Buying a property in Turkey is made easier for foreigners

Update 27 January 2015
Foreigners are required to obtain a Foreigner Identity Number (Yabancı Kimlik Numarasi (YKN) when purchasing a property in Turkey. (If they do not already hold a Turkish Residence Permit)

Process to obtain a Foreigner Identity Number
Foreigners will need to submit a copy of their passport, a written letter in Turkish stating the reason why they need the Foreigner identity number and they will also complete a bilingual form provided by the TNP Foreigners Department.
(Replacing the need for a Turkish tax number to purchase the property)


See YellAli Business Directory for trusted Property companies in Turkey


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The purchaser is liable for a 4 per cent property transfer tax, based on the declared price of the property.

There is also a municipal property tax, again, based on the declared value of the property, at the rate of 0.1 per cent for residential properties and 0.3 per cent for land annually.

One fourth of the tax value (minimum YTL 2,500) of newly built residential properties is exempt from the municipal real estate tax for the first five years.


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Properties in Turkey range from various prices to suit all sorts of budgets.

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In Turkey, generally when a property is purchased this includes ownership of the land.

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Your representative can apply for military approval on your behalf. You will need to provide your passport(s) and 6 passport sized photographs. Your passport will need to be translated into Turkish by the notary. The translated documents will be sent to the military for approval, you will then be notified once this is completed.

Important Notice :- This process has now been simplified and today if any foreign owned property has already been military approved, any new foreign buyers do not have to re-apply for military approval. (This applies to all parcels that have been previously cleared after 5 May 2011)

For further information please see YellAli's article; Buying a property in Turkey is made easier for foreigners


See YellAli Business Directory for trusted Property companies in Turkey


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On average it takes approximately 1 - 3 months to receive your military approval.

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A Foreigner cannot own a total of lands which exceed 2.5 hectares (25,000 m2). Foreign nationals and foreign commercial companies are not allowed to buy property in military, strategic and security zones of Turkey.

Foreigners are forbidden to buy property in preserved zones such as lands which are strategically very important in terms of energy, agriculture, mining, history, cultural values, biological flora, and national security.


See YellAli Business Directory for trusted Property companies in Turkey


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You can find an estate agency through the yellali business directory
ESTATE AGENCY IN TURKEY

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There are many Turkish banks and lenders which offer mortgages to foreign customers; typically the mortgage offered is for 70-80% of the property value with a 20-30% deposit required.

Please note; Loans, interest rates and requirements may vary for individual banks and lenders.

Speak to a specialist about your requirements;
See YellAli Business Directory for a trusted Financial Advisor in Turkey

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Yes, you will need to have a contract drafted between the seller and purchaser. You will need to appoint a lawyer to draft the contract, which will need to include details of the completion date, payment schedule and terms and conditions of both parties.

Getting your contract notarised - You are strongly advised to get your contact notarized. You will need both a British and Turkish version of the contract (or a bi-lingual contract)
This will ensure the contract is officially accepted by Turkish law and that the terms within the contact are binding for all parties.

Be wary of anyone who does not want to get a contract notarized.


See YellAli Business Directory for trusted Property companies in Turkey


YellAli - Property Companies in Turkey


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