GUIDE FOR FOREIGNERS REGARDING TRANSACTIONS TO PURCHASE IMMOVABLES IN TURKEY
This guide is designed to help real
persons of foreign nationality to avoid problems when acquiring immovable
property in our country. However, the guide does not substitute the necessary
professional consultation services.
regarding the possibility of acquiring immovables or obtain limited real rights in our country. It would be appropriate for foreign real persons to consider following issues, so that they would not incur any loss:
According to current legislation in Turkey, official contracts aiming at the transfer of immovable property should be made at the Title Deeds Registry Office in the place where immovable property is located. It is also possible to sign a "preliminary contract for sale" in the presence of a notary public prior to official sale.
Gaining property right of the
property sold with a an official contract would be actualized by the registry
before Title Deeds Registry Office.
A. Foreigners can acquire immovables
to use either as workplace or residence in Turkey provided that they comply
with legal limitations. However, though located in different provinces, total
surface area of immovables acquired by a a foreigner in Turkey shall not exceed
B. It is required for foreigners to obtain permission from the local military authorities prior the purchase of immovable. In case the said immovable is located in security zone, it would not be possible to sell this property to foreigners. Thus this matter should be clarified before the payment is made. .
A. When real persons of foreign nationality apply to relevant Title Deed Registry Office to acquire an immovable, they should bring the following documents with them:
- Identity cards or passports,
- Residence permit obtained from relevant police department for foreigners whose property acquisition are subject to residence permit,
- Originals and Turkish translations or notarized copies of powers of attorney in case their transactions are made by their proxies, powers of attorney of whom are prepared abroad,
powers of attorney of whom are prepared abroad.
B. Prior to signing sales contracts matters such as whether the property is registered under limited real rights or not, whether they are mortgaged or not or whether there is an obstacle which would prevent the sale or not should be checked with the relevant Title Deed Registry Office.
C. It would be appropriate for foreigners who want to buy property in our country;
- not to sign legally binding contracts before Title Deed Registry Offices without obtaining necessary information about the said property and not to make any payment
provided that it has any relation,
- not to commence transactions without investigating the selling person or company, not to work with persons or companies
who cannot prove their seriousness and reliability.