Buying Property in Turkey: A Complete Guide for Foreign Investors
Buying property in Turkey can seem like a complex bureaucratic process, but with the right guidance, it can be smooth and hassle-free. At Pera Property, we offer a comprehensive service, handling all the legal and administrative aspects on your behalf. Nevertheless, it’s essential for foreign buyers to understand the process, ensuring a clear and informed purchase experience.
Step 1: Conducting Thorough Property Checks
Before proceeding with a purchase, it’s crucial to carry out due diligence. This ensures you avoid potential legal and financial issues later on. Important checks include:
- Verifying that the seller is the legal owner by checking the title deed (Tapu) against their Turkish ID.
- Ensuring the property has a valid building permit and complies with regulations (imar).
- Confirming the property has no debts, mortgages, or encumbrances via the title deed office.
- If the property is under construction, asking for planning permission and technical specifications.
- Researching the developer’s track record for quality, delivery times, and promised facilities.
Note: Advertised amenities like pools or gyms are not guaranteed until approved by the site management upon completion.
Step 2: Signing Contracts
Once checks are complete and a price is agreed, contracts are prepared:
- For new builds, standard developer contracts include payment plans, specifications, and plans—usually in Turkish and English.
- For resale property, a lawyer will draft a bilingual contract and perform additional legal checks.
Granting Power of Attorney (POA) to Pera Property allows us to handle the process on your behalf without requiring your physical presence in Turkey.
Step 3: Expertise Report & Military Clearance
International buyers are legally required to obtain an official expertise report, which includes the market value and a legal history of the property. For resale properties, military clearance may also be needed to ensure the property is not in a restricted zone.
Step 4: Currency Exchange & Purchase Certificate
Since 2022, foreign buyers must obtain a purchase certificate from the Turkish Central Bank by exchanging foreign currency (USD, EUR, GBP) into Turkish Lira through an approved bank. This certificate is required at the title deed transfer stage. Read more here.
Step 5: Title Deed Transfer
The final title deed (Tapu) is transferred at the Land Registry Office. Buyers (or their representative) submit documents, complete payment, and pay a 4% transfer tax. Once processed, the deed is issued in your name.
Step 6: Key Collection & Utility Set-up
If you’re not in Turkey, Pera Property will collect your keys and activate utilities like electricity, water, gas, and internet on your behalf.
Frequently Asked Questions
Can foreigners buy property in Turkey?
Yes, most nationalities can buy property, though some areas are restricted.
What costs should I expect?
4% title deed tax, $300 expertise report, notary/translation fees, and legal costs. See our article on costs here.
Is a residence permit or citizenship possible?
Yes. Properties over $400,000 may qualify for citizenship. Any purchase can support a residency permit.
Can I buy remotely?
Yes, with Power of Attorney granted to Pera Property or your lawyer.
How long does the process take?
2–4 weeks for new builds. Up to 8 weeks for resales needing military clearance.
Are there ongoing costs?
Yes—property tax (0.2% approx), mandatory DASK insurance, and monthly maintenance and site fees.
