Because we are not solicitors and the legal side of purchasing your property has to be dealt with by professional people in that field we will arrange a translator who will translate from Turkish to English all the legal requirements for purchasing property. They will also prepare your sale agreement in English.
The following information is intended to help you understand the process of buying a house in Turkey and to give you an indication of the obligations of overseas home ownership. Having instructed a solicitor to handle the purchase, you have the reassurance that all important aspects will be covered. He/she will make sure that if you buy one of our resale properties all the following will be checked; (PLEASE NOTE; The fees listed below are only charged when you purchase a resale property.)
The terms and conditions stipulated by the seller are checked for fairness.Once the sale agreement has been drawn up by the solicitor, and the buyer & seller have signed it, the new title deeds (tapu) will be applied for. This process could take 2 – 3 months. The terms and conditions stipulated by the seller are checked for fairness.Once the sale agreement has been drawn up by the solicitor, and the buyer & seller have signed it, the new title deeds (tapu) will be applied for. This process could take 2 – 3 months.
The title deeds will then be transfered into your name, which is signed in the presence of the notary. You can either attend the signing in person or appoint someone as power of attorney to attend on your behalf (which we can do for you).
A guide to the legal costs involved
The solicitor’s fees £150
The legal translator’s costs £40
Notary charges approximately £60 for power of attorney and translator.
Other Costs
Our Estate Agency fee:
3 % of total property price(for resale property only)
Buyers tax: Approximately 1.5% based on the declared prıce of the property.
Government tax: Approximately £100
Community tax: Approximately
£8 paid yearly for local services.
Property tax: Approximately % 0,5 based on the declared value of property, paid yearly.
Water & electricity connection fee: Approximately £250
Earthquake Insurance: Depends on property price and location. (required by law)
If property is bought in a complex:
There is an average maintenance charge of approximately £ 150 - £ 400 per year. When purchasing property, the buyer will be responsible for paying the water and electricity connection fee. We, at our firm can organize this for you when you give us power of attorney to act on your behalf.
Detailed and other information available:contact the British Embassy: www.britishembassy.org.tr
