The process of buying a property in Turkey is one of the most important processes that are carried out by real estate investors or by the native people of Turkey, and it is not a complicated process or a simple one. This process requires several procedures that must be carried out carefully so that the process of buying the property has been officially completed and until it is officially registered in the government departments in Turkey.
Documents for buying a property in Turkey:
The process of buying real estate requires several documents that take place in stages, steps and priority between these documents. These documents differ in the process of buying real estate between buying real estate for Turks and for foreigners, and the difference is in the number of papers required and what they are.
Documents required to buy a property for Turks:
When it comes to buying real estate for Turkish land owners, this indicates a large amount of facilities provided by the Turkish government in order to speed up, facilitate and simplify the process of buying a property in Turkey for Turkish citizens living on its land.
Among the most important of these documents required of Turks to buy a property:
1. Showing the documents of Turkish citizenship or Turkish identity, and this is one of the most important documents required from a real estate investor or a person who wants to buy a property in Turkey.
2. Extracting the tax number for the property that the investor wants to buy, and this number is one of the most important documents that are required from the real estate investor or the person who wants to buy this property. Without it, the papers will not be completed to buy the property and the title deed is not delivered to the buyer.
3. A statement of protection from earthquakes and natural disasters that occur by nature and not by man. This statement places the property under the protection of the government from the damage to nature that may be inflicted on it by earthquakes and volcanoes, and the government must re-repair this property at its expense and without return.
4.The evaluation paper is also an important document in the process of buying a property, so the investor must go to the real estate appraisal department and then form a committee to evaluate this property in terms of the specifications and features that surround this property and take out the real estate evaluation paper for the property that the investor shows when performing the process Buying property in Turkey.
5. Two personal photos of the buyer to be added to the papers and documents required for the purchase process.
These are the documents required of a Turkish citizen who wants to buy a property in Turkey within steps that witness great facilities by the Turkish government, as we mentioned.
Documents required to buy a property for foreigners:
Foreigners who want to buy real estate in Turkey are an important member and a major reason for the development in the field of real estate investment and the tourism and economic field in Turkey. Therefore, Turkey seeks to provide simple facilities in the documents that are required of the foreigner who wants to buy a property in Turkey, and these documents are required:
1The passport of the foreigner from the country of origin from which he came before he came to Turkey in order to buy a property there.
2. The foreigner is also required to bring two personal photos for legal procedures in the process of buying a property.
3. A translated copy of the foreign passport owned by the buyer for communication between embassies for a foreigner who intends to buy a property in Turkey.
4. An appraisal document similar to a real estate appraisal, which is to indicate the value of the property. It can be extracted from the municipal centers in the area in which the property is located, and the foreign buyer must extract this document for legal procedures in the purchase process.
5. In the event that the purchase is made through an agent between the buyer and the seller, the original copy of the warranty must be presented in addition to a copy translated into Turkish in order to prove it and facilitate the purchase process.
These are the documents that are required of a foreigner who wants to buy a property in Turkey, especially the owners of capital among them.
These steps and documents have witnessed simple facilities, but not like the facilities offered to Turks in the process of buying a property in Turkey.
Points to be aware of when buying a property:
Those who want to buy a property in Turkey should warn and avoid several points when making the purchase. These points are:
- Any foreign investor or buyer, whether Turkish or foreign, should beware of the purchase process on the schemes. There are real estate companies or offices that present several properties to the buyer with pictures, videos or plans, but the investor must visit these properties on the ground so as not to be deceived by these companies or by real estate brokers.
-Ensure that the purchase contract is signed within a legal department specialized in these matters, as any contract that is signed outside the legal departments is neither valid nor legal and may expose the buyer to deception and manipulation by the real estate broker, and through this process, theft and looting of the buyer's money may take place.
-You must be very careful when writing the contract, and the terms of the contract must be read carefully and in detail, because when the buyer signs the contract, he cannot withdraw from it, and he cannot terminate this contract without the expiry of its term.
This method is used by some real estate brokers who want to deceive customers, especially foreigners coming from outside Turkey who do not know the rules and regulations inside Turkey and who are easy to deceive.
What after obtaining the necessary documents for purchase:
After the buyer extracts all the documents required to complete the process of buying a property in Turkey, there are several steps he must take in order for the property to be ready for investment:
-Extracting title deed papers:
The process of extracting the "Tapu" papers is a very important step that must be taken by the buyer after completing all the documents necessary for the purchase process.
In another language, the extraction of "Tapu" papers is the last stage of the property purchase process.
"Tapu" or title deed papers are those papers that prove ownership of the property to the buyer and change the ownership from the owner of the old property to the owner of the new property and these papers are very important in the case that the investor sells, mortgages or rents his property, which means that these papers are very important for the real estate investment process, and the title deed papers provide the buyer the opportunity to benefit from the services provided by the government to property owners in Turkey .
-Register for the services available in the area:
When buying a property in Turkey, the buyer has many services surrounding the property and he must register on them to enjoy these advantages, such as registering children in government schools surrounding the property and registering credit cards in commercial centers near the property, which facilitates the process of buying goods from centers near the property and there are many service centers surrounding the property that the buyer must take advantage of.
Taxes when buying a property in Turkey:
Buying a property in Turkey entails taxes that the buyer must pay during the property purchase process.
These taxes are distributed over several services provided by the Turkish government to property owners. These taxes are:
This tax is paid once in a lifetime, and several factors are involved in determining the value of this tax, including the property’s area, location, surrounding services and features available in it, as well as the price of the property. The value of this tax is determined by these advantages and ranges from 1 percent to 18 percent of the value of the entire property, which is paid to the departments concerned with this tax.
-Real estate title deed tax:
Title deed tax or real estate "Tapu" is a tax that is paid when the "Tapu" papers are extracted for the buyer. The value of this tax is 4% of the entire property value.
How to pay this tax must be mentioned in a clause of the contract so that it is paid in full by the buyer or is paid specifications between the seller and the buyer is 2 percent each, so you must mention how to pay in the purchase contract.
-Property registration fees:
There are many fees that the buyer must pay once when buying a property in Turkey, and these fees are:
1-Passport attestation and translation fees
This fee must be paid immediately before receiving the passport certified and translated into Turkish and this is necessary to make a property purchase in Turkey.
2-Fee until the buyer receives the new title deed in his name.
3-Fees until the ownership is transferred from the old property owner to the new owner within government departments.
4- Fees for opening water, electricity and telephone meters for the first time, i.e. if the property is new and water and electricity meters have not been opened for it before.
-Periodic taxes after buying a property in Turkey:
These taxes are periodic, may be monthly or annually. They are paid by the property owner to several government institutions and departments in exchange for the services enjoyed by the property owner or the resident in it, and this is after the purchase of the property and not during the purchase process.
These taxes are:
This is a tax that is paid annually in a certain month of the year to everyone who owns a property in Turkey. This tax is very small, estimated at parts of a percent of the value of the total property. This tax is paid for the services provided by the Turkish government that real estate owners benefit from.
-Insurance against natural disasters:
It is a tax that is paid annually and estimated at two dollars per square meter of the real estate area. This tax is paid in exchange for the repairs and equipment carried out by the Turkish government in the event of natural disasters such as earthquakes, volcanoes and others.
- Monthly utility bills:
There are several services whose fees are paid monthly by the property owner, so these fees differ from the fees for opening meters because opening the settings takes place once in a lifetime and it happens the first time meters are opened, especially water, electricity and the target.
As for the monthly bills, they are paid periodically to government departments concerned with these fees.
As for the residents of residential complexes, i.e. who buys a property in a housing complex, he must pay monthly fees for the services of swimming pools, gardens and resorts for the housing complex, from which all residents of the housing complex benefit.
Advantages of buying a property in Turkey:
Great advantages for real estate investment in Turkey. Therefore, the advantages of buying real estate in Turkey are many, and everyone who makes the purchase enjoys it, and these advantages are:
Visit Turkey and enjoy its beauty:
The investor must visit Turkey before purchasing a property in it. Buying real estate in Turkey gives the buyer a great advantage, which is to enjoy the beauty of Turkey’s natural terrain and visit its natural and historical tourism components, because Turkey is the most beautiful and most important place on earth and contains many tourist elements, including natural and historical:
It is one of the most important tourist components that made Turkey the paradise of God on earth, due to the abundance of water oases such as seas and rivers, represented by the famous Sea of Marmara and the Bosphorus Strait built around it, as well as the green forests that are abundant in Istanbul and neighboring cities.
As for the historical components, they are those buildings and shrines that witnessed the ancient civilizations that were established on the land of Turkey, represented by mosques, castles and palaces, especially in the city of Istanbul, where the Hagia Sophia Mosque and the huge Eyup Palace are located, which made it a tourist destination for all world tourists.
Real estate success in Turkey:
Buying real estate in Turkey is a great opportunity for success for foreign investors coming from outside Turkey through the great options available to real estate investors who purchased real estate and these options were as follows:
Selling the property:
After the investor purchases a property in Turkey, he turns to commercial investment in it by selling this property after several years of the purchase process, as he guarantees during this period the high prices and thus increase the profit and increase the capital related to the property.
Renting the property is the most profitable way for the investor, especially if this property is in the tourist areas and in a tourist location. In these areas, the process of real estate leasing is frequent for tourists who want temporary residence in the territory of Turkey and pay monthly or annual wages while preserving the property capital for the property owner.
Obtaining Turkish citizenship:
This feature is considered one of the most important advantages enjoyed by those who buy a property in Turkey, especially after the great facilities provided by the Turkish government in this process and after the great advantages enjoyed by the owner of Turkish citizenship through the Turkish passport, which allowed travel to a large number of European and Arab countries It is also allowed to visit all regions of Turkey and be treated as a Turkish citizen.
Mixing with the Turkish people:
A large number of foreigners who buy real estate in Turkey from outside the country. The main reason for their coming is to live in the Turkish society, which is considered one of the most European societies in order to preserve morals, correct education, adherence to religious teachings, and be influenced by the Islamic religion, which covers a large number of religions in Turkey and is considered the best compared in other European societies.
Educational achievement in Turkey:
Turkey has a large number of universities and schools, which are classified as one of the best universities in the world and have a very close ranking to the first ranks of universities in the world. Therefore, those who buy real estate in Turkey have the opportunity to complete their education in these universities and obtain certificates from them. There are large numbers of students heading to Turkey to complete their education there.