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Real estate registration
Documentation of the real estate in Turkey
CONCLUSION OF THE SALES AND PURCHASE CONTRACT
After choosing the property and making the final decision on the purchase, you will have to conclude the sales and purchase contract. To start the procedure, the buyer only needs to have a passport and 1,000 euros to make an advance payment.
According to Turkish law, the sales contract is made in three identical copies in two languages. These languages are English and Turkish.
The contract has to contain such mandatory information as:
- Official data about the seller and buyer
- Data on the real estate subject of the contract. Namely: floor layout, construction features, date of commissioning and so on
- Payment Terms
- Obligations of the seller and the buyer
- Legislative and legal procedures
Required documents:
- Photocopy of passport or ID
- Surnames and first names of mother and father both from the side of the buyer and from the side of the seller
REGISTRATION OF "TAPU"
According to Turkish law, TAPU or the Certificate of title to real estate is the only official document that confirms the transfer of the right of ownership of the new owner. The certificate is issued only by the Land Cadastral Office. All documentation is stored and archived also in this government agency.
This document contains information about the owner of the property, the location where the complex or villa is built, cadastral value, registration number, apartment number and the floor. Also, the photos of all property owners must be attached. Real estate can have several official owners up to 10 people.
The certificate of ownership in Turkey should have a seal at the bottom center of the page. The photo is located in the upper right corner. In some cases, a document may be issued without a photograph.
TAPU comes in two colors, depending on the type of property being acquired. The red color of the certificate is issued to owners of residential and commercial property (apartments, villas, houses, cottages). The Blue one is for land. The procedure of titling usually takes 2-3 business days. Together with Profit Real Estate you can get TAPU as quickly as possible and without problems.
An important point to be aware of is that before obtaining the title, a full payment must be made including all state duties and taxes for the purchased residential property.
To issue Title Deed (TAPU), the following procedure must be performed:
1. Get Turkish ITN
- The procedure is free and takes only a few minutes. You can get an ITN at any branch of the Turkish tax office. You will need your ITN in the future to open an account with a Turkish bank, obtain a residence permit in Turkey and pay taxes.
- Get an independent expert evaluation of the acquired property. Profit Real Estate can organize the expert assessment of housing in just 3-5 business days.
2. The transfer of title from the seller to the buyer occurs in the Cadastral Office in the presence of the buyer, seller and sworn translator.
- Sales tax is 3% of the estimated value of the object. It is specified in the expert report
- Submission of all the documents and cadastral fees cost about 200-500 euros
- Translation services cost 100 euros
3. For registration of TAPU, it is necessary to provide the following documents:
- Buyer's foreign passport and its notarized translation.
- ITN
- 4 color photos 3x4 cm
4. Registration of related documents for the new owner
- Registration of the registration certificate "Iskyan"
- DASK Insurance
- Registration of water and electricity meters
If you wish, you can also open a bank account in your name in any Turkish bank. This will help to further simplify the procedure for paying bills for water, electricity and telephone by instructing the bank to automatically make such payments using your bank account.
Profit Real Estate is engaged in full support and execution of all documents. If you do not have the opportunity to independently visit government agencies when your presence is necessary, paperwork with a power of attorney is possible. In this case, we will completely draw up and hand over the finished package of documents to you without your participation. The cost of issuing a power of attorney is about 150 euros.
Those who own real estate in Turkey
are eligible to obtain a residence permit
To visit Turkey as a tourist or with a business purpose for a period of up to 60 days, most foreigners will not need a visa. To stay for more than 3 months, you need to apply for a residence permit.
There are several ways to obtain a residence permit in Turkey (for researchers, students, foreigners, married to citizens of the Republic of Turkey, etc). However, the simplest and most reliable option is to obtain a residence permit by foreigners who confirm their ownership of real estate. The presence of TAPU makes it possible to apply for a residence permit for one to two years. After this period, the residence permit can be extended for another two years. After five years of living in Turkey with a residence permit, it becomes possible to apply for citizenship.
An apartment purchased by installments may be rented out. In this case you still do not have TAPU, but the developer gave the right to move in. In this case, a notarized lease agreement gives you the right to obtain a residence permit.
The process of obtaining a residence permit so far takes a period of 14 days to 2 months.
On the website of the General Directorate for Migration it is necessary to fill out an application and find out the date of the meeting with the specialist (time and date when it will be necessary to arrive at the office of the migration department with a package of following documents):
- The application form for a residence permit, filled out on the website in one copy. It must be printed and signed.
- 4 passport photos
- The original passport and a photocopy of the passport with personal data (the page with the photo, last entry, the expiry date of the passport). Your passport should have at least six months of validity.
- Evidence of your solvency in this case is the bank statement for the required amount for living during the year.
- If you previously received a residence permit, you must provide its original
- Copy of TAPU (for those who own the property)
- Certificate from the cadastral office on certification of the indicated address for residence (in case of renting a house, the original lease agreement is provided, etc.)
- Health insurance issued in Turkey for the entire duration of the residence permit (for citizens older than 18 and younger
- INT
If you have not provided all the necessary documents, you have the opportunity to bring the missing papers to the office of the Migration Service within 30 days. If these documents have not been submitted, the whole process is cancelled and considered invalid.
In case you have been refused a residence permit, you can stay in Turkey only until the end of the visa or previous residence permit.
A spouse, parents (pensioners) and children under the age of 18 can obtain a residence permit. All other relatives over 18 years of age, parents, brothers, sisters can obtain a residence permit only if the owner has Turkish citizenship.
Also, according to the new law, if you want to obtain a residence permit for your minor children, the apostille must be placed on the birth certificate.
Our company provides comprehensive assistance in obtaining a residence permit.
Obtaining citizenship instead of a residence permit
Any foreigner can apply for Turkish citizenship. There are several options:
- Investing in the country's economy at least $ 500,000
- Purchase of real estate in the amount of $ 400,000 without the right to sell for 3 years.
- Opening own business with 50 jobs for Turkish citizens
- Purchase of government securities in the amount of at least $ 500,000 or depositing a similar amount into a Turkish bank account without the right to withdraw it within 3 years.
If you have any questions left
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