Real Estate in Turkey FAQ About Ownership in Turkey

FAQ About Ownership in Turkey
Q1: Do foreigners have the right to own a property in Turkey? When was
that? How?
Yes, they do. The Turkish Parliament has issued a decree in September 2012,
which gives the foreigners the right of ownership in Turkey, without taking into
consideration the principle of reciprocity.
Q2: What are the procedures of ownership in Turkey?
First: choose the right property and prepare the following documents:
a. A copy of the land registry (title deed) or instrument.
B. A legal location description or a copy of the property location from the
municipality plan.
C. (PIN) the property identification number in the municipality plan (for lands).
Second: get a tax number from the tax department, and that is a very easy process.
Third: translate the passport into the Turkish language, authenticate the
translation at the notary, and get 4 personal photos.
Fourth: sign the purchase contract with the seller and pay a deposit, which prefers
not to be more than 25% of the purchase value conditioned by the approval of the
security authorities. The paid deposit is often 25% of the property value, while the
remaining amount is paid after finishing the transfer process of ownership to the
buyer through the competent authorities and after getting the buyer the approval of
the region management and the security agencies.