Friday, August 12, 2016

GUIDE TO BUY REAL ESTATE PROPERTY FOR FOREIGNERS IN TURKEY

Guide for Foreigners

TAKING ACTIONS TO BUY REAL PROPERTY GUIDE FOR FOREIGNERS IN TURKEY

This guidance is prepared to help foreign real people in our country to handle or overcome the challenges of a real estate acquisition. However, the guide does not replace the necessary professional consulting services.

1.Law Basis :

the 2644 Land Law, Law No. 6302 came into force in May varied in accordance with Article 35, foreign real persons in our country searching for real estate acquisition in terms of reciprocity was abandoned . You can take information from your consulate or embassy whether it is possible to buy property for foreign real persons in your country

Malaria 2.Formal manner editing of contracts:

According to the current legislation in Turkey, the official conventions aimed at the transfer of immovable property must be made in the Land Registry Office . In addition, the notary public "promise of sale agreement" before the official sale  signing is possible.
Acquisition of immovable property sales contract made official if it is to be registered with the Land Registry Office.

3. legal restrictions on the  Foreign acquisition of real property:

A. Foreigners with complying with the legal restrictions, to use as a residence or workplace in Turkey can purchase real estate. However, in different cities, albeit a foreign person can not exceed a total area of ​​30 hectares of real estate can be bought in Turkey.

B. Prior to the purchase of foreign real estate, obtain permission from the military authorities in the region are required. Namely as if there is real security in the region, can not be possible to make sales transactions to foreigners, it is important to clarify this issue before making payment.

4. Practical information:

A. Foreign nationals in contact with the relevant land registry for property acquisition :

-Race Documents or passports,

Residence permits from foreign police departments,

-Foreign nationals outside the country when they give power of attorney on the transaction by proxy, power of attorney together with the translation of the original

 or it must provide a copy of the approved together.

B. Before the sales contracts, whether limited real rights to immovable property is registered because ofmortgagee or issues if there is any impediment to the sale should be checked from the relevant Land Registry Office.

A. In our country, foreigners wishing to get property,

- Legally binding from the above-mentioned information about real estate in the Land Registry Office, provided proof that the relevant

who do not sign contracts and payments are,

-Vendor launch party or the process of doing research about their firms, individuals who can not prove they are serious and reliable

or firms would be appropriate to work with.

Trading in the event of any dispute, the judicial arbitrariness should be moved and prosecute the Turkish courts. be involved in the judicial process of the Turkish Ministry of Foreign Affairs and foreign missions are not possible

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