It is strongly advised that a prospective buyer work with a reputable Real Estate Agency that is experienced in dealing with foreigners and their requirements. Commissions to the agent are negotiable in most cases. The majority of Real Estate Agencies are multi-lingual, with English, German, French and Italian speaking agents available.
A good source for reputable Real Estate Agencies is the English language newspaper "The Turkish Daily News", available at newsstands and bookstores across the country.
In addition to purchasing existing homes, it is possible to buy land and have a home custom built. However, it is advisable to rent initially in order to ensure that the location you are considering will actually meet your needs over the long term.
In order to purchase property you will need to provide: the original plus 4 photocopies of your passport, 12 passport-style photographs, a Turkish tax number, and a Turkish bank account number (foreign currency account and/or Turkish lira account).
A Notary Public will draw up the formal contract between the buyer and seller. Both parties must sign in the Notary's presence. The Notary requires a translator for transactions involving a foreign national. The Notary fee and the translator's fee are payable in cash upon signing.
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DISCLAIMER: Nothing on this web site should be interpreted as legal advice or as a buy, sell, hold or other investment recommendation. Visitors are strongly urged to consult with a qualified legal or financial advisor before making any decisions. Neither Expat Focus nor any person involved with the running of this website can be held responsible for any decisions made by our visitors.