Guide to buying property in Turkey
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This allows time for the appointment of your legal advisor to carry out the required searches and for you to finalise your finances.
It is not a legal requirement to use a solicitor in Turkey, as Turkish law favours the purchaser rather than the seller. However, we do recommend appointing an English-speaking solicitor who specialises in the purchase of property in Turkey.
We will provide you with a list of English-speaking Turkish legal firms. To speed the process up a little you could give your solicitor a Power of Attorney to sign documents for you during the property purchasing process.
You should expect to pay approximately £1,000 for the full legal service, using a Turkish-based solicitor. However, Discover Turkey Homes have negotiated with some of our developers that they pay for your legal costs.
When your lawyer reports that all is well, you then move to signing a Preliminary Contract. This commits you to purchasing the property. With an off- plan property purchase the buyer will be expected to pay a number of stage payments throughout the construction process.
For example one main builder’s terms are - £3000 deposit, 20% two weeks after reservation, 30% six months after reservation and the final 50% on completion and TAPU.
Purchasing a completed home will be a similar deposit, 20% within 14 days and the balance on completion and TAPU. Terms can often be negotiated with the builder.
You can safely transfer money to Turkey from your bank in the UK by electronic transfer directly to the recipient’s bank — although you will get the best foreign exchange rates by using a foreign exchange company.
The signature of this document means the land ownership is transferred to the buyer.
This is undertaken at the land Registry Office where the deeds will be issued (Tapu), covering both the land and the building.