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Purchasing and legal issues |
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Ege Estate offer properties to suit all budgets. Our staff is at your service to help you with all the formalities at every stage of the purchase. Buying a property through Ege Estate in Turkey makes purchasing easy and risk free.
Conveyance is executed in the Land Registry Office, which is a State Department. No other department, authority or person has the power to transfer deeds to your name. The new owner of a property receives a “Title deed” (Tapu) in Turkish. Tapu is the official document proving ownership of a property.
Step by step guide to formalities
When you have decided to buy a property, you can start with opening a bank account. (Ege Estate staff will be pleased to help you open a bank account at a local bank).
The buyer gives “power of attorney” to Ege Estate staff, authorising them to carry out all the formalities for the purchase and to give the buyer post purchase services. Power of attorney usually includes authorisation to buy/register the property in the name of the buyer, to obtain “completion report” for the property, official registration of water and electricity meters, insurance for the property, registration of property in the municipality department, payment of local taxes, etc...
The property owner and the buyer sign a “Promise to sell and buy contract” before a Notary Public in most cases. This is an official document stating all the personal data of the seller and the buyer as well as the property in question. The price of the property, details of the payment and the time of conveyance at the Land Registry Office are all entered in this document. This document is signed by both parties in the presence of a Certified Translator appointed by the Notary Public. The Sworn translator translates the contract to the foreign party.
An application is made to the Land Registry Office to start procedures for Military permission (this process may take a couple of months).
Parties or their legal representatives go in person to the Land Registry Office for conveyance upon receipt of the military permission. A Certified Translator is required when one of the parties is a foreign national.
Other expences
Conveyancing
Conveyance tax:
3% of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between ).
Fee for certified translator at the Tapu Office:
(A certified translator is required by law to translate the document to the foreign national).
Fee for certified translator at Notary Public:
Registration Fee at the Tapu Office:
Giving Power of Attorney:
Signing “promise to buy and sell contract” at Notary Public Office:
Starting from , approx. 1.2 % of the value of the property.
Obtaining “Completion Report” (Newly built properties only):
Starting from , depending on the size and the location.
Sale commission to the Estate Agent:
3 %, min.
Annually
Property tax:
0,1% of the property value declared by the local municipality (to be paid before the end of May each year).
Electricity
New connection of electricity meter:
Approx.
Name transfer of an existing connection:
Approx.
Energy cost per kwh:
Approx.
Water
New connection of water meter:
Approx.
Name transfer of an existing connection:
Approx.
Water cost per m3:
Approx.
Land Line
P.s.: You can only get a land line telephone regiterered if you have residence permit
Telephone connection:
Approx.
Cost per unit:
Approx.
Monthly rental:
Approx.
Unit period (province):
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Purchasing and legal 
