Legal aspects of buying in Turkey

It is very important to take independent legal advice before proceeding with the purchase of any property. Below are listed some of the steps involved with the purchase process in Turkey:

The Right to Buy

Anyone who is a UK or Irish citizen is free to purchase property in Turkey, provided that it does not involve buying more than 30 hectares of land, and does not lie in a military restricted zone. There are other conditions also, and it is therefore recommended for a solicitor to carry out all necessary searches.

Tapu

The Tapu is the legal Title Deed in Turkey, and is your proof of ownership. Once a contract has been signed for a property it usually takes approximately 8 weeks for completion. The Tapu lists the name and address of the owner, purchase price, and also photographs. It is necessary to give a copy of a valid passport for inspection by the Turkish authorities. The Tapu can be signed in person in Turkey upon completion or a power of attorney can be arranged with your solicitor.

Taxes

A government tax is applicable when buying a property in Turkey, and is typically 3% of the purchase price (some new buildings may be exempt from this charge). There is an annual government tax also for property owners however this is very small, a fraction of 0.01%. With the agreement between the UK and Turkey any taxes that may apply in relation to income earned from the property through rent or gains made on re-sale are eligible for double taxation relief.

Money

There is full freedom to move your money into Turkey (the currency is Turkish lira). The proceeds of any sale will be in the local currency but can be immediately converted and released back out of Turkey to your desired account.

International lawyers

Turkish homes 4 less will put you in contact with a reputable lawyer before you even decide to make an inspection trip, thus peace of mind is guaranteed.

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