Buying real estate in Turkey. Step by step.

Buying real estate in Turkey. Step by step.

Step-by-step procedure for buying real estate in Turkey:

• Sign the purchase and sale agreement

The seller and the buyer enter into an agreement. It specifies the details of the parties to the transaction, the real estate, the terms and conditions of payment, and the obligations of the parties. The document is drawn up in two copies and in two languages, for example, Turkish and Russian.

• Make a deposit

When signing the agreement, the buyer makes a deposit to reserve the property for himself - 5-10% of the price of the property.

• Prepare documents for registering the transaction

To sign the agreement, a foreign passport is enough, but for the final registration of the property in ownership, you will need other documents:

1. We make a power of attorney for the realtor (optional).
2. We receive a Turkish Taxpayer Identification Number
3. We take 2 photographs (as for a passport).

• Opening an account in a Turkish bank

You can open an account in a Turkish bank in Euros, US dollars, Turkish lira, or three currencies at the same time.

• Obtaining a currency exchange certificate (DAB)

All foreigners must obtain a certificate from a Turkish bank – Döviz Alım Belgesi. This document confirms that the buyer has converted foreign currency into Turkish lira to purchase real estate. The amount of money must be equal to the cadastral value of the property.

• Transferring ownership (TAPU)

By the time the TAPU is received, the property must be fully paid. The seller and buyer, realtors, and a sworn translator meet at the cadastral office (the TAPU is transferred here). By this time, all taxes and other expenses related to the TAPU must be paid.

• We draw up contracts for utilities

The final stage of the transaction is drawing up contracts for electricity and water for the new owner of the property.

Our company Vikingen Estate competently accompanies transactions and provides all the services necessary for a safe and reliable purchase of real estate in Turkey!