Property Turunc

Buying property in Turkey is a straight forward process, and often easier than in other European countries.

1. Once we have show you a property in Turkey that you would like to purchase you will need to pay the deposit and sign a contract that shows the property is yours and there won’t be any gazumping. The deposit is payable by cash or bank transfers – Personal cheques are not accepted by banks here in Turkey. An initial payment of 10-20% of the property price is usually required. The exact figure will be confirmed individually with the house owner at the time of purchase. When this is paid a receipt is given.the amount received is written into the contract.

2. You will need to have your passport with you. Photographs are also required; ALPINA estate agent will be able to show you where the nearest place to get these done is. (approx £4 for 8 photos).

3. Should you not be present in Turkey for the actual purchase of your property, you then need to go (ALPINA estate agent will accompany you) to the Notary’s office (similar to Notary public in the UK) to sign a document giving us  power of Attorney for the propertyand the registration of the electricity and water of the property on your behalf,but not for money. This enables us (ALPINA ESTATE) to continue with obtaining the Title Deeds in your absence.
You will be given the original contract and copy of the power of Attorney to take back home with you.

The same day or the next day your papers are forwarded to the Land Registry office for all documentation relating to the purchase is then forwarded to the Land Registration office in Izmir. Here everything is checked and then the title deeds ( TAPU ) are re-issued in the new owners name and forwarded back to the local Land Registration office who, in turn contact with us. This process usually takes 6-8 weeks.

We will advise you of this when it happens. At this time you will need to pay the final balance plus the 3% property tax.
Upon receipt of this we can then sign for and collect your TAPU from the Land Registration office on your behalf and this will then be held in the office pending your next visit and collection.

On top of the purchase price, are there any extra taxes or fees payable? 

Yes, There are some extra costs.

• A 3% of the property value tax. This is a once off payment and it is due for payment once the TAPU is received.

• An approximate £100 Notaries Charge for giving us the Power of Attorney to handle the documents relating to the property in your absence.

• A 3% agency fee that covers all agents commision and charges. This is usually payable at the time that the contract is made, together with the initial deposit payment on the property .
• It is compulsory to have earthquake insurance and we recommend you take out Full insurance home and contents cover as soon as the house is registered in your name.(the cost of this varies depending on the value of the property, it’s contents for the number of months it will be occupied.) Approximately £150

If you have any questions, please do not hesitate to contact us!