Understanding the Turkish real estate market is crucial. Turkey's real estate market is open and active, attracting many domestic and international investors.
You can gather relevant information through the internet, real estate agents, or local property exhibitions. Understanding market trends, property prices in different cities, and the regulations and procedures for property acquisition will significantly impact your property purchase decisions.
After choosing the ideal property, you need to find a trustworthy Turkish lawyer or real estate agent. They will provide you with legal and professional advice to ensure the protection of your rights.
The lawyer will verify property ownership and legality, assisting you in completing the signing and registration procedures for the purchase contract. Ensure that you select an experienced lawyer familiar with Turkish law and the real estate market to ensure the safety and smooth progress of your transaction.
After completing the purchase contract, you will need to pay a deposit or prepayment to confirm your intention to purchase. This amount typically ranges from 10% to 30% of the property price. Subsequently, you will sign the official sales contract with the seller or developer.
The contract should include a detailed property description, price, payment terms, delivery date, and other relevant terms. Before signing the contract, carefully read and understand the terms and conditions, and ensure that the lawyer reviews the contract.
During the property purchase process, you will also need to obtain a Turkish tax number and a Foreigner Real Estate Purchase Permit (Tapu). The tax number is an identity document required during the purchase process and can be obtained through the local tax office.
Tapu is the property ownership certificate issued by the Turkish government, confirming your legal ownership of the property. The purchase contract and other necessary documents will be submitted to the Turkish Land Registry Directorate, and upon verification, Tapu will be issued by the authorities.
Finally, you will need to make the remaining payment for the property. The payment method can be based on the contract terms, either in Turkish or foreign banks. Once the payment is completed, you will officially become the legal owner of the property, entitled to the rights and usage of the purchased property.