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Mortgages In Turkey - Buying Process

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Financial Services > Mortgages > Holiday Homes > Turkey

Buying Process

Once you have decided on which property to purchase, you need to go to a solicitors' office where the sale agreement will be drawn up. The solicitor will make sure that the title of the property is checked; that the person who is selling the property actually owns it; whether there are any charges on the property; where applicable that building licences and permissions are in order; and that the terms and conditions stipulated by the seller are checked for fairness. The sale agreement will be translated from Turkish into English by the legal translator. The solicitor, legal translator, buyer and seller will sign the sale agreements, and each party will get the sale agreement in Turkish and in English.

  • The deposit & legal fees need to be paid at this point.

The solicitor will then arrange for the paper work to be sent to the title deeds office for the transfer of the title deeds into your name. The title deeds office will send the passports and title deeds to Izmir for the military check. This military check is only to determine that the area the property is in, is not within a certain kilometer radius from a Turkish military base (this could take approximately 3 months).

You can also give your our solicitor in Turkey Power of Attorney to sign for the release of your title deeds from the title deeds office once the title deeds have been authorized, (only during week days). Please note that giving the solicitor Power of Attorney does not give your solicitor any claim over your property, it will be your name and picture on the title deeds.

Once the title deeds have been authorized, this is the time when you need to usually pay the balance due of your property, the buyers tax, earthquake insurance and the water and electricity connection fee. You will then be informed of all payments that need to be made at this time (as reflected on your payment plan).

The release of the title deeds from the title deeds office is signed in the presence of the notary by the buyer and the seller. You can either attend the signing in person or appoint someone as power of attorney to attend on your behalf.

The solicitor will then arrange for the new title of the property to be registered with the local council office (for property tax purposes).

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