LEGALITIES
Foreigners may purchase land and property in Turkey in their own names provided that properties are located in towns (i.e. there must be municipality in the area where the property is located and the property must be situated within the boundaries of that municipality or borough), not in village or rural areas and outside of militatary zones.

When buying a property in Turkey, the legal procedures are as follows :

Brandrup Estate Agency carry out the searches on the Title Deed for you, once a property has been chosen. And we ensure that it’s clear of debts and the seller is the person named on the Title Deed.

Then a deposit (usually 10%-20% of the asking price but sometimes 75 % for the new build properties) is placed in a bank account in Turkey and paid to the seller on your behalf.

Then there is a waiting period of 3-6 months for the paperwork to be cleared by the officials and army departments in Izmir-Ankara-Mugla. The remaining balance plus any additional costs are transferred to the same bank account and the Title Deeds can be exchanged as soon as the Fethiye Title Deeds office receives the clearance from the army department confirming that the property is not within an military area.

The Title Deeds formalities can all be carried out in your absence, by leaving a Power of Attorney with us the Brandrup Estate or with your solicitor. Upon your decision to use our Estate Agency for the work, will take you to a Notary to arrange the Power of Attorney(through a official translator at the Notary’ office to ensure you to understand the text), then open a bank account in your name with you and have the necessary photos required for the paper work.

Our Agency will be able to provide surveys upon request of the customers.

ADDITIONAL COSTS

• Brandrup Estate Agency charge 3% finders fee-over and above the final agreed price.
• A Buyers Tax which is paid by the purchaser at the time of Title Deed transfer which is calculated on the rateabl value of the property.
• Annual ground rates are minimal.
• Cost for electric and water registration when you purchase a property.
• DASK (Compulsory Government Insurance)
• EKP ( Education aid fund)
• Cartography Office fee
• New Government Tax depends on location (all properties are subject to revaluation every year for tax purposes).

For a detailed guide to the purchasing process, please click on the link to be taken to the UK Turkish Embassy site that provides a clear concise and in-depth guide to all matters relating to property purchase by foreign nationals in Turkey.