Most Common Question When You Buy a Property - ABC Real Estate

Most Common Question When You Buy a Property

What is the process of buying a property?

First, contact our office and a specialized consultant will explain all the details and guide you through the best offers that meet your needs and expectations. Second, upon settling on a property we will negotiate the best price offer and send you the contract to be signed by you. A copy of the contract will remain in our office. If a financing plan is set we will follow up on payments. Personal presence is strongly advised to ensure your needs and expectations are met.

 

 

What are the documents required for buying property?

Valid passport or tax number 

 

 

How do I apply for a residency permit in Turkey?

After your arrival to Turkey we will set up an appointment and help you prepare all required documents. After submitting you application to the authorities you will have to wait for duration of two to three weeks for the application to be processed.  

 

 

how contracts are made and how ownership is transferred

if you wish to finance a property a notarized contract will be signed between you and the construction company and installments should be paid. In the case of buying with cash or when all installments are paid the process of transferring title deeds should be carried out at the General Directorate of Land Registry and Cadastre and should take no more than one day.

 

Are there any extra fees when buying property?

4% of the declared value of the property must be paid as title deed transfer tax. 2% is paid by the buyer and 2% is paid by the construction company.

 

 do property pass on in inheritance?

Yes, property is passed on to heirs in accordance with Turkish inheritance law

 

Is real estate investment in Turkey profitable?

Yes, investing in real estate could turn out very profitable. In fact, every year millions of dollars are poured in real estate investments. Turkish economy is blooming in steady rates and with our help and guide you will get the best return on investment possible.

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