General
Property Sell/Buy Procedure
Compared to many European countries, the
procedure of buying/selling a house is quite
simple in Turkey. The transfer of the property
is only made by the Land Registry Office.
Permission
In case the buyer is a foreign nationality
person, it is required that the availability of
buying the property and passport details of the
buyer be approved by the Regional Army
Headquarters.
Deed Delivery –‘Tapu’
Once we receive the approval for the
transfer of the deed, so called ‘TAPU’ to your
name, you have either the option to give us or
your solicitor a power of attorney to register
the property on your name or to come once again
on call for the termination of the documents.
Real estate acquisition of foreign and legal
persons has been regulated in the article'35 of
the Land Registry Law has been modified on July
3rd, 2003. By this amendment new regulations
have been introduced concerning of real estate
acquisition, in our country, of real persons of
foreign nationality and trade companies having
legal personality.
With the facilities brought by the new law on
ownership of property for foreign nationality
personalities, until today the following number
of properties have been sold to E.U citizens:
Insert Table showing number of real estate
bought by E.U. citizens buying property in
Turkey
England 2699
Germany 1791
Netherlands 562
Greece 238
Ireland 452
Norway 178
Belgium 170
Austria 165
Denmark 195
Sweden 63
Finland 22
Italy 54
Turkey has a wide range of opportunities on
offer for the foreign investor. Reasons for
investing in Turkey include the following:
Investment
The country is strategically situated close to
the Middle East and the European markets.
Agreements between Turkey and 39 other countries
to promote and protect mutual investments as
well as an agreement to preclude double taxation.
Customs union with E.U. since 1996
A candidate member of the European Union.
A very liberal investment climate, including
free (international) movement of capital,
profits, dividends and salaries, free-trade
zones and subsidies.
A large labor force at relatively low costs.
A modern infrastructure.
A well preserved European holiday destination.
The World Trade Organization considers Turkey to
be one of the most dynamic countries.
Newly administered investment regulations for
the foreigners
Living
Properties at still very low prices
Beautiful Climate
Beautiful blue flag beaches
Well preserved environment
Low living costs
Very hospital people
Environment full of history and culture
Tax facilities for foreigners
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