Turkey Property Legal Law Services
Other Points to be Noticed by Foreigners Who Wish to Buying Property in Turkey:
Inform buying property in Turkey: This guide has prepared for foreigners who are thinking about to buy property in Turkey from different countries.
–          The foreigner has to inquire with the Land Registry Directorate if there is any limitation on the property, such as mortgage, arrestment or any obstacle which prevents the sale of the property.
–          If the application by the foreigner for buying a property is rejected, the act can be appealed to the relevant Regional Office of the Land Registry Directorate.
–          It is advised that foreigners do not work with persons/companies who/which are not expert or reliable.
–          Having a residence permit is not a condition for the foreigner who wishes to buy a property in Turkey. Likewise, buying a property does not grant the foreigner obtain residence permit in Turkey.
–          If there is a disagreement between the sides on the sale of the property, the case has to be brought before the Turkish courts by referring to judicial authorities.
Turkey Property Legal Law Services
Mortgages
There are a number of Turkish banks offering mortgages to foreign nationals wishing to buy property in Turkey. Loan proportions, interest rates and requirements may vary for individual banks. We recommend contacting several banks before making your decision.
Turkey Property Legal Law Services
Visa/Residence Requirements
Having a residence permit is not necessary for the foreigner who wishes to buy a property in Turkey. Likewise, buying a property does not grant the foreigner permission to obtain a residence or work permit in Turkey. However, anyone wishing to buy property in Turkey who does not hold a residence permit needs to obtain their Foreigner Identity number from the Turkish National Police Foreigners’ Department in the nearest city in order to proceed with the property purchase. This service is free of charge.
Turkey Property Legal Law Services