Buy property like a pro in Turkey as a foreigner with this ultimate step-by-step guide. Follow these steps to buy your first real estate in Turkey.
Firstly, you need to open a bank account in Turkey to prepare your money in Turkey. After opening bank account, send your money to Turkey with SWIFT transfer as USD, EUR or GBP. You will need a potential Turkish tax id number (potansiyel vergi numarası) and address document from your country to open a bank account in Turkish banks.
Secondly, search for properties in Turkey like a real pro investor. It is very important to choose the right project and real estate developer if you want to buy new property. If you want to buy second-hand property, check the property listing website such as sahibinden.com and hepsiemlak.com.
Thirdly, contact the seller of the property listing and negotiate the price. Be careful about who pays the 4% title deed tax and other expenses such as valuation report, title deed processing fees and other expenses.
Fourthly, exchange your currency from USD, EUR, GBP to Turkish Lira to get the Currency Exchange Document (Döviz Alım Belgesi). This is a required step to apply for the title deed appointment to buy property in Turkey. Also, ask the seller to apply for the property valuation report, which is also required for the title deed appointment.
Finally, meet the seller at the title deed office to purchase the property. Make the money transfer and sign the purchase papers. Within an hour, your title deed will be ready and now you are the owner of that property! After the purchase of property, register your ownership to the municipality office (Emlak Beyanı).
If you have any questions, visit our website: https://www.investment.com.tr
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