BUYING A PROPERTY IN TURKEY
Many British Citizens buy a Turkish Property in Turkey. British Citizens do not need to have a residence permit to be able to own a property in Turkey.
Turkish procedures in order to buy a holiday home in Turkey are different from the procedures that are followed in United Kingdom. Therefore, it is highly recommended a that foreign buyers use the services of a qualified Turkish Lawyer before committing to purchase a property or paying a deposit.
You can email our firm for a complimentary consultation if you are interested in buying in Turkey. We would love it if you use our firm to represent you but even if you don’t, the fact that we can guide you to safely buy your home in the sun, we will be satisfied.
We would also recommend you do not use a lawyer that was referred to you by your agent or seller. Find your own lawyer.
Another critical recommendation is ask for your lawyer’s professional indemnity insurance certificate.
Here below are some main cost areas for you to look into before buying a property in Turkey.
- Title Deed (Tapu) Transfer Fees
- Real Estate Agency Commission ( if applicable)
- Legal representation fee (payable to your lawyer)
- Notary fees
- Property Tax (Emlak Vergisi)
- Electricity, water, telephone, and internet
- Maintenance Fee (Aidat in Turkish)
- DASK Insurance and (private) property insurance
There is an agreement (DTA) between the UK and the Republic of Turkey for the avoidance of double taxation and to prevent fiscal evasion with respect to taxes on income and capital gains.