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LOOKING FOR A PROPERTY IN TURKEY: WHAT SHOULD YOU KNOW?

As we mentioned before, foreigners are able to purchase property in Turkey. In this article, we will explain more about the property purchasing process.

After deciding on the property which you will be purchasing, it is recommended that you check the property details in the relevant title deed office. At this point, you may want to seek the help of a legal adviser or a lawyer. The legal adviser or lawyer should check block, plot and layout numbers of the property and, most importantly, should check if there are any debts or liens on the property. Also, there should not be any annotations prohibiting the sale of the property. Construction servitude of the property should also be established. The title deed offices can generate a document related to any construction servitude indicating the land share of the property that you are willing to purchase. It should be noted that a property without construction servitude is not eligible for mortgage payment from the banks.

In some cases, there might be a tenant already residing at the property you are willing to purchase. In this case, you should be cautious about the evacuation date of the property pursuant to the rental agreement.

The other important thing which needs to be checked is the property owner's name appearing on the title deed. The title deed needs to belong to the owner of the property, and any agreements or transactions to be conducted regarding sale of the property shall be between such owner and the buyer.

Also the type of the property is important when tied to the zone of the property. There are two types of properties in the municipal zone plan, residential and commercial property. If one desires to purchase a house, the property should be located in a residential zone. Otherwise you would not be able to use it as a house or vice versa.