Property Law updates in Turkey
If you have a property in Turkey that you wish to sell, there a number of important considerations to take into account. For example, at which stages do you have to be present? Or, can you sell your property via proxy/power of attorney? Once you have agreed on a price with the buyer and agreed on the terms and conditions of t... Read More
For the purposes of Turkish law - and similar to other jurisdictions - there are two main categories of land: Agricultural land Zoned land What are the required documents to purchase land in Turkey? To be able to buy land in Turkey for investment or other purposes you need to arrange the documentation listed belo... Read More
Foreign individuals or companies who own real estate in Turkey may rent, sell or establish charges on the relevant property. It is possible to make a transaction regarding the sale with two basic contracts which are sales contracts and real estate sales promise contracts. According to Turkish Law, the sale of real estate can be... Read More
Turkey, due to its natural beauty and warm Mediterranean climate has become a preferred location for the purchase of real estate by foreign investors. In accordance with the Land Registry Law, foreign nationals will be able to buy real estate in Turkey provided that they comply with the various legal rules and regulations. Is i... Read More
As the real estate market develops in Turkey, the Condominium Law is becoming the center of attention. For those who would like to purchase real estate in Turkey, one of the frequent questions we receive relates to condominium ownership. What is Condominium Ownership? Condominium Ownership (“Kat Mülkiyeti” in Turkish... Read More
[video src="https://youtu.be/MbvkWX7HWfQ"] Purchasing a property has many compelling reasons considering the massive portfolio in the real estate market which offers a wide range of choice to foreign buyers from the basic and budget to luxury properties in coastal towns of the Black Sea, Aegean and Mediterranean or mode... Read More
Introduction As per Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302 which entered into force on 18th May 2012, persons with foreign nationality buying property in Turkey (of any type: house, business place, land, field) in Turkey, may do so, as long as they abide by the legal restrictions. Persons with fo... Read More
Anyone who owns a property (apartment, house, villa or land) in Turkey is liable to taxation according to the Turkish Tax law. Property tax is calculated yearly and it can be paid in two equal instalments per year during March and November to the local municipality. It can also be paid in one instalment. If the tax is not pa... Read More
TABLE OF CONTENTSAbout this GuideInformation you’ll need when buying a second-hand property in TurkeyWhat if it is a new property rather than second-hand?Vendors' legal and financial obligations towards buyersThe Preliminary sale-purchase contractThe ‘Tapu Senedi’ or Property DeedsOn what basis may a contract for purchase ... Read More