Buying a Property in Turkey
Buying a property in Turkey is far less complicated than in
the UK.
The Estate Agent plays a more active part in managing'
the process. Generally speaking the entire process takes about
3 months.
Foreign nationals may purchase most types of property
in Turkey in their own names and when the time comes to sell,
the proceeds of the sale may be transferred out of Turkey.
When you have expressed an interest in buying a property,
an agreement is prepared using an English speaking lawyer, setting
out the terms and conditions of the purchase. A duly signed
copy of that agreement and a copy of the title-deed of the property
are given to you.
At this stage, you are only required to give a copy
of your passport and two photographs.
Then you make a payment according to the payment schedule
clearly defined in the agreement.
Upon this payment, the proceedings at the Title-Deeds
Office are initiated by LDG Abroad
We will prepare a letter, a copy of the legal papers,
together with the copy of your passport and send them to the
Army Headquarters in Izmir for clearance. This process will
take up to three months. The checks are made to ensure that
the land you are buying does not fall within any Military zone.
Character checks are also made.
When all the checks have been conducted and the papers
returned to us, we will contact you so you can arrange a suitable
date to return to Turkey to sign the Contract and undertake
the money transfer.
Before leaving for Europe, it is advisable to open a
bank account with a Turkish bank (to enable you to transfer
the remaining money). You do not have to stay in Turkey as we
will contact you as soon as the necessary paperwork has been
received back from Izmir.
On the day of transfer, the Buyer, Seller and Estate
Agent will go to the Title-Deeds Office and complete the paperwork.
The paperwork consist of all the legal issues (title-deeds,
land registry etc) and financial issues. Financial affairs are
concluded, signatures exchanged and the title-deeds of your
property are registered in your name.
After you have puchased the property our after sales
department will continue to offer assistance in the purchasing
of furniture and furnishings, rentals and management.