The most common questions about Turkey and purchasing of property in Turkey:

FAQ

F.A.Q.

The most common questions about Turkey and purchasing of property in Turkey:
Buying a property in Turkey raises numerous questions. The most common questions and answers we have compiled for you.

What kind of country is Turkey anyway?
Turkey is a modern, democratic republic. Just few countries in the world have as rich history as Turkey. Here traditions and future, mountains and ocean, big cities and village life into a unique blend. Geographically Turkey is located between the Black Sea and the Mediterranean Sea, thus Turkey is a corridor between Asia and Europe. More and more foreigners from different parts of the world settle in Turkey to start a new life, to work or to spend a carefree retirement.

What are the entry requirements?
Answer: German citizens can stay up to 90 days without a visa in the country. Other citizens receive a 90 days visa at the airport. An extension by another 90 days can be obtained from the local immigration police on request.

How high are the living costs compared to Europe:
The living costs in Turkey are much lower than in Europe and the comparable Mediterranean countries. For example, 1 bread costs approx. 0.30 euros, 5 liters of water approx. 0.60 euros and 1 kilo of tomatoes approx. 1.00 euros.

How does the health sector in Turkey look like?
The Turkish health care works with three different types of hospitals: public hospitals, university hospitals and private clinics. Public as well as private hospitals fulfil international standards in relation on equipment quality and specialist knowledge. Most hospitals have agreements with international insurance companies.

Can all foreign nationals purchase real estate?
The purchase of real estate is based on the principle of reciprocity. This means that acquire real estate in Turkey can only nationals from those countries, that also allow Turkish citizens to acquire property. Turkey has bilateral relationship with more than 80 countries, including all European countries.

Are there any restrictions for foreign property buyers?
Foreigners may acquire real estate only in those areas, where is a qualified local zoning or development plan. Also on military locking zones and security zones the acquisition is excluded.

Is the purchase of property in Turkey safe?
Answer: Property buyers from abroad will have the full security of the Turkish State for purchased property. Therefore, a property purchase in Turkey is quite simple and safe. However, one should not pass out an expert advice.

How does purchase process takes place?
A written agreement of the sale will be concluded in the language of the buyer and Turkish language. In this contract, all details of the property, the buyer, the seller, the broker, the payment terms, purchase conditions and any possible changes according to buyer’s wishes, are described. the purchase contract will also include the following attachments: a copy of the cadastral data with information about the property and the current owner, by the competent authorities stamped and signed copy of the building permit, floor plan of the object and an inventory of property including material information.. Each purchase will be registered in the Land Registry. The buyer will receive the Tapu (title deed) as proof of ownership.

How much is the real estate agency fee?
The agency fee is charged only on resale’s and amounts to 3% of the purchase price.

Are there any financing options?
It’s possible to have property finance from 50% to 75%. For more information, please contact us.
Does the financial system correspond to international standards?
Answer: The EU and OECD standards are the basic of the Turkish financial system in relation to the accounting and prudential standards.

Is a residence permit required?
Answer: Property buyers from European countries do not need a residence permit. However to purchase a vehicle or to have a telephone connection, residence permit is required. The permit is issued within few days after application.

What is a Tapu?
Answer: Tapu is an official extract from the land register, and is official evidence of the ownership. From this follows that, for example, only in the land register registered debts are the actual debts on the property.

What is ISKAN?
ISKAN is a living space proof that every real estate must have. This document is given by the local authority and proves that the real estate has received all necessary approvals and is used for residential purposes, and is allowed to live there permanently. ISKAN is also required for new registrations of electricity and water.

Why is a military permission required?
The consent of the military authorities assured the concerning property is not in a military barricade and safety zones. This is just a formality.

What are the additional costs and taxes?
Please look below Additional costs.

How high are the running costs?
The costs of property management depend on the facilities of the complex and vary from 30.00 to 50.00 EUR per month.

Is the property insured? Will the property be insured?
After receiving of the Tapu (title deed), a property should be well insured. Insurance, like property value and contents insurance can be completed in Turkey based on the Euro.

Can the property be rented?
Answer: This is possible of course. If you do not live permanently in your property, then the renting during your absence is even a good source of income.

Is the import of vehicles or furniture possible?
The import of vehicles and furniture is possible. However, the costs of transport, customs and security obligations are very high; therefore it is recommendable to buy the furniture in Turkey. A vehicle may be introduced for the duration of the stay. Since the vehicle is registered in the passport is also issued when leaving Turkey. Because of the high cost is an import not recommendable.

Here we tried to give answers to the most important questions. If your question isn’t here, don’t hesitate to contact us!