

Buying
Procedure
Buying property in Turkey
is a straight forward process, and considerably easier than in most other European
countries. Foreigners may purchase land and property in Turkey under their own
names.
When
you choose the property that you decide to buy, you have to put down 10% of the
price as a deposit. Then we send the deeds of the property and your passport details
translated to Aegean Army Headquarters for approval.
It takes anything
from 2-3 months for the paper to get back to us, but with new laws coming in this
process should be quicker. During this period, you don't have to stay in Turkey.
Normally,
you sign paperwork at the notary, giving someone the power of attorney
to
do transactions on your behalf. This is to save your time and money flying to
Turkey
to sign the deed-papers. Of course, you can do it yourself if you wish.
The
paperwork takes less than an hour. Then the papers will be sent to the army headquarters
as mentioned above. When the papers come back from there During this period you
can arrange your payments as per the payment plan agreed at the time of contract.
Then when all the paperwork and financial procedure is finished and the title
deed of your dream home is registered under your own name.
No
matter where the land or house may be situated, if the buyer is a foreign person,
the deed office has to officially ask for the prior approval or permission of
the highest military command of the area before transferring the title deed. The
reason for this is to ensure
that foreign buyers will not acquire a property
within militarily sensitive zones.
This means that even though you might
be willing and prepared to pay the price and buy the place immediately, there
is no way that this can be done before getting this permission which may cause
up to three months delay.
At the time of registering the title deed,
the purchaser should pay the purchase tax announced by the local authorities.
In addition to the purchase tax, the buyer should purchase obligatory insurance
for natural disasters i.e. earth quake, registration for
electric and water
department.
Required
Documents
- Passport
-
Photographs (8 per each person)
-
Deposit (as specified in the contract)
-
Turkish currency for notary public expenses and legal translator
- Additional
documents for those who needs to have residential permission
- Local Tax number
(can be obtained in an hour locally and we assist you)
- Bank account in Turkish
Bank

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