Turkey
FAQ
In our question database you will find the answer to all your questions related to buying property abroad.
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Required documents, taxes and procedures
- When do I need a Tax Identification Number in Turkey?
A Tax Identification Number is required when opening a bank account, purchasing property, or paying taxes.
- How can I obtain a Tax Identification Number in Turkey?
The number can be obtained at the local tax office (Vergi Dairesi) or online on the official Turkish tax administration website.
- How do I open a bank account in Turkey?
To open a bank account, you need a passport, a Tax Identification Number, and proof of address (e.g., a utility bill).
- Do documents from UE need to be certified with an apostille in Turkey?
No, documents from UE do not need to be certified with an apostille. A passport is sufficient for purchasing property in Turkey.
- Will a Turkish bank require proof of the origin of my funds?
Turkish banks do not check the origin of funds.
- How can I check the land registry in court in Turkey?
A real estate agency can verify the legal status of the property in the land registry system (Tapu Kayıt Sistemi) through the General Directorate of Land Registry and Cadastre (Tapu ve Kadastro Genel Müdürlüğü).
- What tax will I pay when purchasing a property in Turkey?
The standard property purchase tax is 4% of the property’s value.
- What is the finishing standard of developer properties in Turkey?
Developer properties in Turkey are turnkey-ready. The kitchen includes cabinets but no appliances, and the bathroom is fully equipped with basic fittings. Walls are painted, floors are tiled, and internal doors are installed. You can move in immediately after construction is complete. Assistance with purchasing appliances and furniture is available.
- How does applying for a mortgage loan at a Turkish bank work?
Turkish banks do not offer mortgage loans to foreign citizens. However, developers often provide installment options, usually at 0% interest until the construction is completed.
- What are the commission rates for real estate agents in Turkey?
Commission rates vary depending on the developer and project, typically ranging from 30% to 40% of the earned commission.
- What is the required down payment for EU clients financing a property in Turkey?
Clients typically need to pay a 40% down payment, with the rest covered through flexible installment plans (monthly, quarterly, or semi-annual payments)
- What is the annual property tax in Turkey?
The annual property tax (Emlak Vergisi) is 0.1% for residential properties and 0.3% for commercial properties, based on market value.
- How can a client pay for a new property in Turkey?
Clients can pay via bank transfer, cash, or installments.
- How can I send money to reserve a property in Turkey?
Money can be sent via bank transfer.
- What if a developer fails to complete construction?
Such situations may occur; thus, we only work with trusted developers.
- Can a DEVETOPER partner assist with utility contracts (electricity, water, internet) after purchase?
Yes.
- Is residency required to purchase property in Turkey?
No, residency is not required.
- What are the monthly costs for owning property in Turkey?
Monthly costs typically include maintenance fees (aidat) of €40-50 and utilities.
- What payment options do developers in Turkey offer?
Developers offer various options, including installment plans.
- How long does an agent wait for their commission payout in Turkey?
The waiting time can range from a few weeks to several months.
- Is the commission for agents fixed, or does it vary by property?
Commission typically ranges from 3% to 5% of the transaction value, depending on the property.
- How is the agent's commission paid out?
Commission is usually paid after the transaction is finalized. The timeline depends on the agreement between the agent and developer.
- Can commission be negotiated for a larger number of clients?
Yes, commission can be negotiated.
- Does the agent receive commission if the client buys a different property than the one initially shown?
The agent may receive commission if the client purchases another property.
- Are additional services, such as opening a bank account or utility contracts, charged extra?
No.
- What happens if a developer does not fulfill the terms of the agreement?
The client has the right to pursue claims in court.
- What fixed costs should property owners expect in Turkey?
Fixed costs may include management fees, utilities, insurance, and local taxes.
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Reservation, contracts and real estate purchase transactions
- Is a marital agreement required when purchasing a property in Turkey?
Yes.
- Can I pay for a property in Turkey via a transfer from a European bank?
Yes, payments can be made via an international transfer from European bank.
- Can I pay for a property in Turkey using Revolut?
Yes, payments can be made through Revolut.
- Do all documents need to be translated and certified with an APOSTILLE when purchasing a property in Turkey?
No, during a property purchase in Turkey, it is not required for documents to be translated and certified with an APOSTILLE. In most cases, a passport, which is recognized by Turkish authorities, is sufficient.
- Am I entitled to any discounts when purchasing a property in Turkey?
Foreigners are not entitled to any specific discounts when purchasing property in Turkey.
- Can I immediately move into the property I purchased from a developer in Turkey?
You can move in after obtaining the title deed (Tapu) and completing all construction formalities.
- What are the total costs of purchasing a property in Turkey?
Total costs include several fees:
- Title deed fee (Tapu): 4% of the property value + €150.
- Insurance: around €15.
- DAB cost (related to regulations): around €600.
- Municipal fee: €60.
- Tapu transaction supervision fee: a fixed €100 (handled by our office).
- How can I safely purchase a new property online in Turkey?
It is important to work with a trusted real estate agency. Thoroughly checking the documentation and using a lawyer’s services can help minimize risks.
- What does the process of reserving a property from a developer in Turkey look like?
Reservation usually requires a deposit. The developer then prepares a reservation agreement.
- What is the full process of buying a property in Turkey, from reservation to finalization?
The process includes reservation, signing the purchase agreement, making payments, and receiving the keys.
- Do I need to travel to Turkey to buy a property through the DEVETOPER platform?
The purchase can be done online.
- How long does it take to buy a new property in Turkey?
The purchase process typically takes a maximum of two weeks.
- Can I pay for a property in Turkey with cryptocurrency?
Cryptocurrency payments are accepted.
- How much time does the buyer have to pay all transaction costs?
Payment deadlines are usually specified in the agreement.
- Is residency required when purchasing a property in Turkey?
No, residency is not required.
- What happens if the client withdraws from purchasing a property? Is the deposit refundable?
Refund rules vary by developer and agreement. In many cases, the deposit may be retained by the developer.
- Can a UE citizen buy property in Turkey without any issues?
Yes, but they must fulfill specific formalities.
- Are the property prices listed in offers gross prices?
Yes, prices are listed as gross prices.
- Is buying a property on the primary market safe?
Yes, provided the developer is reliable.
- Can I purchase property in cash?
Yes, properties in Turkey can be purchased in cash.
- Does buying a property automatically transfer tax residency?
No, purchasing property does not automatically transfer tax residency.
- Can a legal entity purchase property in Turkey?
Yes, legal entities can also buy property in Turkey.
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Customer arrival in Turkey
- Is it possible to pick up a client from the airport in Turkey?
Yes, we offer airport transfers.
- Is accommodation during the stay in Turkey included in the purchase price?
Yes.
- How much cash can I bring to Turkey?
You can bring up to 10,000 euros without declaring it.
- How many properties can I view during my visit to Turkey?
It depends on availability, but usually, you can see several properties in one day.
- What if the client misses the flight and doesn’t arrive at the airport?
The client should contact the person responsible for transport as soon as possible.
- How can I book an apartment for my stay during the property purchase in Turkey?
You can do this through our branch or booking platforms.
- When will I receive the keys to the property I purchased?
Keys are usually handed over upon finalizing the transaction.
- Can I count on support during the negotiation of purchase terms?
Yes.
- Are additional services like opening a bank account or utility agreements charged extra?
No.
- Does the client have language support at every stage of the transaction?
Yes.
- How many days of stay should a client plan to purchase a property?
The client should reserve at least a few days to view properties and complete the formalities.
- Will the DEVETOPER platform assist a client who arrived on another real estate agency’s invitation?
Yes.
- Do I have to be present in person to sign the notarial deed?
Yes, personal presence is usually required unless the client grants a power of attorney.
