Buying Process

According to the Turkish Law on ‘Property Purchase By Foreigners in Turkey‘, foreign nationalities can now buy any real estate in Turkey just the way Turkish people do. You can find the steps that you need to follow during your process of buying real estate in Turkey here below.

We will be assisting you with each step of the buying process in Istanbul and we will also guide you with our gained experiance and market expertise.
Istanbul Investments

List of requirements and decision process

The first and most important step in buying any real estate in Istanbul is to decide about your requirements such as your buying purpose (Investment or investment & vacation), number of bedrooms, size, location, your maximum budget etc. After clearing out your primary requirements, your decision development will become much easier. Istanbul has the most investment opportunities all over Turkey in terms of real estate so there will be many investment opportunities in Istanbul now and in the future that you are able to consider for your own personal investment.

Your specific requirements about the property and your budget will limit these various options and possibilities to enable a better match for you. Our professional consultants will be assisting you during the process of evaluating the alternatives which will be suitable investments according to your specific requirements stated.

Deposit payment and documentation process

After you choosing the property that you will purchase, you will need to pay a fully refundable deposit to guarantee your property purchase and freeze the price which can be paid as cash or by your credit card in most of the sales offices. A deposit payment is symbolic and generally fully refundable within a certain period of time such as 1 or 2 weeks. Please kindly check for further details with our investment consultants for specific projects.

After you have paid the deposit, your contract will be prepared for signing by both the investor and developer through the physical assistance of our investment consultants. The contract will be written in Turkish and English including your payment plan and property floor plan for the property you have chosen. (Completed projects mostly require a cash payment, off-plan (Under Construction) projects usually present a long term payment plan with several installments until construction of the project is completed).

Further for the contract, you will need to have your passport for the official paperwork. Further thy also require your full home adress and contact details. Some projects also require your father’s name. If you want to open a bank account in Turkey, the documents that you need to provide are; an original passport, notarized passport translation, any utility bill showing your original home address from your own country and a Turkish TAX number.

You will need to have your passport translation which will be approved by a notary first. This translation should be translated by a sworn translator. With the translation of your passport you are able to get your Turkish TAX number from the Tax Office and then you will be able to open your bank account. During this process, our professional investment consultants can and will be more then happy to assist you again.

Payment process

The payments are very easy to do. You can make international money transfers from any of your accounts in your country or other countries directly to the developers’ bank account in different currencies (most preferred are; USD, EURO and TL). If you prefer, you can open a bank account in Turkey to transfer your payments more comfortably as we described earlier. The most important thing is to make the payment directly to the developers’ account not to any third parties. This will enable a second proof of purchase for you. Complete projects require cash payments, under construction projects present a longer payment plan with stage payments.

You can approach our investment consultants for further information for specific Project and properties.

Delivery and The Title Deed Process

If you chosen an apartment in Istanbul from an off plan project you have to wait for the completion of the project to receive your title deed. Until that time your sales contract will guarantee your rights during the purchase.

After the project has been completed, the title deed process may take usually 2- 3 months. First off all, your application is sent to Title Deed Office and then to The Turkish Military Head Office in order to check if the property is in a military zone or restricted area.

This is a formal and standard procedure. When your purchase is approved you will have to go to the Title Deed Office with a sworn translator to sign your free hold ownership documents. You can also choose to give a power of attorney to a Professional lawyer to complete the process on your behalf to save you the time and effort and this also ensures you that the purchase will continue without any problems.

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