Turkey is a vast and varied country boasting incredible landscapes and natural wonders bordered by four different seas. Well known as a great destination for relaxing beach holidays, it also offers many sporting activities, some of the world’s most important ancient monuments, welcoming Turkish hospitality and a delicious and varied national cuisine. Turkey is subdivided into 81 provinces for administrative purposes. Each province is divided into districts, for a total of 923 districts. An estimated 75.5% of Turkey's population live in urban centres
The coastal areas of Turkey bordering the Aegean Sea and the Mediterranean Sea have a hot-summer Mediterranean climate, with hot, dry summers and mild to cool, wet winters. The coastal areas of Turkey bordering the Black Sea have a temperate Oceanic climate with warm, wet summers and cool to cold, wet winters.
Turkish Lira ₺
In accordance with the Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302, which entered into force on 18 May 2012, the condition of reciprocity for foreigners who wish to buy property in Turkey is abolished. Information on countries whose citizens can buy property and estate in Turkey can be provided from the Turkish Embassies/Consulates abroad and the General Directorate for Land Registry and Cadastre. Persons with foreign nationality can buy any kind of property (house, business place, land, field) within the legal restrictions. Persons with foreign nationality who buy property without construction (land, field) have to submit the project which they will construct on the property to the relevant Ministry within2 years.
Step 1 - Property search Initially we will talk through your requirements and based on this, gather a number of properties that we feel suit your needs, and arrange a viewing. We want this part of the process to be enjoyable, informative and ultimately satisfying. Step 2 – Deposit/reservation Once you have found a suitable property you will need to put down a deposit in order to secure it. This fee is usually 10-20% of the purchase price but the exact figure will be confirmed individually with the house owner or builder at the time of purchase. When the deposit gets paid, a receipt is given and this amount gets written into the sales contract. Step 3 – Sales contract At this point a sales contract is drawn up between yourselves and the seller. This will include information such as deposit paid, agreed sale price, date of transfer, and snag list if any. We will require from you two passport size photographs of the person whose name will be on the property deeds plus a full photocopy of your passport. Step 4 – Power of attorney Should you not be present in Turkey for the actual purchase of your property, you then need to go to the Notary's office (similar to Notary public in the UK) to sign a document giving your agent or solicitor, the power of Attorney for the property, not for money. This enables the agent to continue with obtaining the Title Deeds in your absence. Congratulations! The initial stage has been completed and you do not need to be present for any more of the property purchase transactions. Steps 2 to 4 only takes a few hours to complete. Step 5 – Military approval Details of the property and you (the purchasers) get forwarded to the Land Registry Office. An official transfer application is made and all documentations get sent to the Izmir Aegean Army for approval. This is to check that the property is not located in a restricted zone for foreign purchase etc. Approval normally takes 1.5 - 2 months . Cost is aprox 1,250 - 1,500 T.L Step 6 - Title Deed Transfer (Tapu) Once military approval has been granted, the title deeds are re-issued into the new owners name and forwarded back to the local Land Registration office who, in turn contacts your agent. It is at this point that the last payment gets paid to the vendor/builder and the deeds are collected. Your agent or solicitor can pick up your deeds on your behalf if you have given them power of attorney. Your title deed can then be kept in a safe place pending your next visit.
1.Purchase tax: 4% on the ‘declared’ value of the property to be paid to the government. As house prices are set by the City Council for taxing purposes, their valuation is much lower than the actual purchase price This is a one off payment and it is due once the TAPU is received (step 6). 2. The solicitor's fee: (should you require one) Prices start from about £500.00 pounds and will vary depending on which solicitor you choose to use. 3. Notary charge: Approximately £150-200 notary charge for the power of attorney and the translation of your passport. This needs to be paid at step 4. 4.Map search: 2 maps are needed. The first is a map of where the property is located and is sent to the Izmir Aegean Army. This costs approx. £35. The second is a 1/5000 map used in the title deed process. This costs approx. £400 but price varies for differentMunicipality areas. (step 5) 5.Title deed registration: £ 30 registration of title deed in your name. This is paid in step 6 and is paid only once. Please note, The charges for purchasing can differ from region to region. it is therefore difficult to give a detailed and complete picture of the final cost involved. Additional fees Utility Registrations Water and Electricity to be transferred into your name – approx. £150 Compulsory Government Building Insurance (DASK): This insurance has been compulsory since 2000 and costs approx. £35 a year depending on property size. Home and Contents insurance: This is not mandatory and can be done once the property deeds have been registered in your name. Approximately £150 but costs vary depending on cover required and value of property. Real estate tax An annual property tax is collected by the municipalities (i.e. local governments) at the rate of 0.3% for land and 0.1% for a house. This can be paid annually or in two payments, one in May and the next in November.
Rental agreements do not have to adhere to a specific form or fulfil any set requirements and may simply be a verbal agreement between landlord and tenant. However, a written tenancy contract is recommended to document at least the lease term, rent and deposit amounts. There is no set period for a long-term lease agreement and the term may be decided by the tenant and landlord. However, long-term rental contracts are usually signed for a one-year period; this is automatically renewed if neither landlord nor tenant gives notice. The tenant may terminate the lease by giving notice 15 days before the end of the lease term. There is usually a rental increase for each extended year of the term; this rate should be determined when the contract is drawn up. A written lease agreement requires stamp duty to lodge it. The fee is a percentage of the annual rental cost and is usually paid by the tenant at the start of the contract. A deposit equal to a few month's rent is usually required; this is reimbursed when the agreement ends and any deductions have been made to cover damage caused by the tenant or unpaid utility bills. Rent is usually due in the first few days of the month (by a date agreed in the contract). Payments may be in Turkish Lira or another currency as agreed by the tenant and the landlord (there are no restrictions under Turkish Law). However, to avoid undeclared rental income, monthly payments on residential property over 500 TL must be made by bank transfer or post office money order. The printed receipt is proof of payment. The tenant is not obliged to take out household insurance - this is optional. However, the owner of the property must have compulsory earthquake insurance.
The estate agency leasing the property charges the tenant an agency fee of 12 percent of the annual rent amount.