This is how the ownership of the property is transferred in Turkey
Last Updated: 2023-07-27
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This is how the ownership of the property is transferred in Turkey
Nowadays, many people around the world are rushing to own real estate in Turkey for many reasons that lie within themselves, such as to obtain Turkish citizenship and some of them in order to invest and work in the field of real estate. And when the transaction of buying this Turkish property is done, then they will be in front of a major issue. It is considered one of the important things that must be done to the fullest, which is the procedures for transferring ownership of the property from the seller to the buyer. Therefore, today we chose to present in a few lines the most important procedures that must be implemented in the transfer of ownership of Turkish real estate.
What are the most important papers and documents that must be present when transferring property ownership in Turkey?
It is certain that when buying a property in Turkey, you will make transaction papers in order to transfer the ownership of the property from one person to another, and when carrying out this transaction, you must have many papers and documents in order to be successful. One of the most important of these documents is to bring your own passport, provided that it is translated into Turkish; You will also have to bring the title deed of the property you bought or maybe you will buy because it will contain all the details of the property, whether the external details or the internal ones. You will also have to bring the real estate appraisal document for this property. In addition, you must have a personal photo of the seller and two photos of the buyer.
And never forget to bring the protection and insurance policy against natural disasters and earthquakes, so that your right will be guaranteed and protected as well. Since you are a foreigner from the Turkish state and a stranger to it, it is certain that in most cases you will not be good at speaking Turkish, so you must bring with you an interpreter who is fluent in that language, who is sworn to speak the truth, avoiding lying and cheating in these matters, in order to be of assistance to you in completing transaction. There are many people who buy a property in Turkey from a distance, so the buyer is in one country and the seller is in another. In this case, you will need to certify the power of attorney and translate it from the Turkish consulate in the non-Turkish country in which you are.
What are the costs required for the transfer of ownership of a property in Turkey?
Certainly, the process of transferring ownership of the property from one person to another will be accompanied by some inevitable costs and expenses. For example, you have to be familiar with the real estate prices in the area in which you own the property, so the value of your purchased property must be no less than the value of the real estate in that area. You will also have to pay a fee for the title deed, which is a simple cost that does not exceed two percent of the value of the property as a whole. It turns out that the costs of transferring ownership of real estate in Turkey are very simple, represented by the price of the property that you own and some other costs.
What are the most important issues that you should be keen to implement in the transaction of transferring ownership in Turkey real estate?
When you are in the process of proceeding with the transfer of ownership of real estate in Turkey, you have to be alert to many important points and matters. You should know that you will not obtain a real estate residence in Turkey before you transfer the ownership of the property to your name. And you should never forget that before you buy a property in Turkey, you should review its legal record and make sure that it is free of any legal problems, for example, it can have a seizure or a mortgage, or perhaps it is an inheritance issue. If it has any problem, it means that it is not valid to be bought, because transferring it to your personal property will be extremely difficult or even impossible. In addition, it is always advised to deal with experienced, knowledgeable and reliable people as well, because if you deal with someone other than that, you will then face countless problems and your money is wasted and lost. Finally, if you find any problem or something uncomfortable, or if you fall into a dispute with someone about this issue or in relation to it, you will have to return to a competent judicial authority in this matter in order to find a solution and a way out for you.
Is there a decision that allows to stop the transfer of property transaction for real estate in Turkey?
Yes, there are cases where the process of transfer of ownership is suspended in Turkey and these cases are many, such as the purchase of Turkish properties on the basis of a certain purpose and then that purpose has been violated and has been transformed for something else, the transaction will be cancelled. Also, if you bought real estate in Turkey, for the establishment of a project and did not complete the project in its specific time, the ownership will also be abolished. In addition, if the property is purchased in Turkey in illegal or twisted ways, in this case also the ownership will be cancelled as if it did not take place. It is therefore always recommended to follow sound means that do not violate any condition.
At the end of talking about the transfer procedures of property ownership in Turkey, it is an urgent need for them because they prove the truth and remove false from the matter, so you have to be keen to do this transaction when you buy real estate in Turkey.
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Editing by Mersat Real Estate Team©
Tags
Tapu | title deed | Types of Tapu | Buying an apartment in Turkey | Transfer of ownership of a property
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