Procedure to buy a House, Property or Properties and Real Estate in Turkey:
To avoid any possible problems, it is undoubtedly beneficial for the procedures for the purchase of real estate to be carried out with the help of a solicitor.
The formalities to be carried out prior to the purchase are as follows:
- In case of a newly built building make sure that the title deed or "Tapu Senedi" has already been issued and exists.
(The deposit payment amounts usually 25% of the buying price. If possible try to keep this payment as low as possible, maybe 10% if the seller agrees to it)
(This procedure can take up to 3-4 month)
- To avoid any problems in connection with the transfer of title deeds, new formalities are being implemented by the Land Registry Headquarters. Accordingly, estate agents who do not hold a certificate of authorisation will not be allowed to pursue this work. In accordance with the agreement to be signed between the Land Registry Headquarters and the Chamber of Estate Agents, a contract for the pursuit of the work is to be prepared.
- For estate agents to be able to sign the above mentioned contract, they must be registered with either the relevant professional chamber or the Chamber of Commerce. Following the preparation of the said contract, the vendor (employer) is to hand over all the necessary documentation to the agent. In order to be able to commence the proceedings at the Land Registry, real persons or legal entities (or their representatives) with rights in respect of the Land Register must submit an application.
- Estate agents who do not hold a certificate of authority from the Chamber of Estate Agents or the relevant associations will not be able to pursue the said procedures at the Land Registry.
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