Suncity Villas | Kusadasi / Turkey

Buying property in Turkey is not as complicated as you might imagine. The procedure is often far simpler than in most other European countries.

Foreigners may purchase freehold land and property in Turkey in their own names provided that:

Their country has reciprocal agreements regarding property puchase with Turkey.
The property is outside of military zones.
Military investigation is finalised and they receive a clean record for you. (you should not have any criminal record or have a background of working for intelligence, or record for spying etc.)

Military investigation conducted by Ministry of Defense can take 3-4 months however, usually you can make front payments to fix the property and its price.

Please note the following important points:

We do not recommend you to purchase property using other methods like 99 year leasing; right of use contracts or even worse buying the property and having it registered in a Turkish citizen's name. It is important for you to know that 99 years lease contracts are no longer authorised by notaries in Turkey.
It is advised that funds transferred for the puchase should be specifically identified for the purpose i.e. (for the purpose of purchasing of the property with the given address and land registry details)
Turkey’s currency law states that importation of foreign currency is free.

A- The Process of buying Real Estate in Turkey:

The process of buying is explained in the following:

A photocopy of the deed has to be taken to the Land Registry office to check:

Location: If the property is placed within a Military Security Zone. (Land Registry offices hold the number of parcels within the military zones in the area.)
Any charges on property: If there are any charges on the property. (All charges are filed in the Land Registry office.)
Owner: The latest ownership status of the said property. (If the seller is the real owner)

Depending on the type of property you want to purchase we can help you to proceed with the following steps:

For Off-Plan sales:

A non-refundable reservation fee of 1-2% is paid by the buyer to take the property out of the market for up to 20 days.
A private purchase contract is drawn up between the buyer (you) and the owner/builder. The contract should contain all details and conditions related to building specs, estimated time plan for completion, the milestones and terms and conditions for payment; buyer’s and seller’s responsibilities. You will be expected to pay a deposit in an agreed time to activate the contract. Two copies of contract are made so each party can keep one. During this period, (while the property is kept reserved for 20 days) as the buyer, you can get prepared by making financial arrangements and checking-over the contract with your solicitor.
Once the contract is signed by both parties the property is considered as sold. This protects you as the buyer from the owner. The owner after signing the contract can not put the price up even if he receives a higher offer from a third party. On the other hand, owner is also protected as the buyer will be expected to make payments according to milestones during the building process.
After the contract is signed and the first installment is paid, the process of applying to military clearance begins. Foreigners are subject to receiving clearance from Ministry of Defense to buy the specified property. This process can take 3-4 months.
The title cannot be transferred to a foreign purchaser before the clearance is received.
While outcome of the military clearance application is being waited, construction continues and buyer makes his/her payments at the completion of milestones. The completion of milestones is inspected by us and status is reported with photos taken from the site via internet to the owner.
After both the Military clearance is received and the construction of property is completed, we can have the deed registered in your name.

To do this we will have to:

Register you in the tax office and get a Turkish Tax Number for you.
Have the transfer of title made in the Land Registry Office.
Have you registered as new owners of the propertyin the Municipality and prepare and submityour Real Estate Tax Statement.
Have all utilities (electricity, water and telephone bills) registered in your name after you take over the property.

For Re-Sales:

A deposit is paid to the seller to fix the property. The amount of the deposit asked for re-sale properties varies from seller to seller.
After the deposit is paid, the process of applying for military clearance begins. Foreigners are subject to receiving clearance from Ministry of Defense to buy a property. This process can take 3-4 months.
The title cannot be transferred to a foreign purchaser before the clearance is received.
After the Military clearance is received, we can have the title transferred in your name.

To do this we will have to:

Register you in the tax office and get a Turkish Tax Number for you.
Have the transfer of title made in the Land Registry Office
Have you registered as new owners of the propertyin the Municipality and prepare and submityour Real Estate Tax Statement.
Have all utilities (electricity, water and telephone bills) registered in your name after you take over the property.

B- The Services which can be provided by us:

Costs incurred during the buying transaction:

A 3% tax (stamp duty) has to be paid by the buyer during the transaction.
Other costs 0.3% (Donation to education funds, etc.)
Property tax, paid annually to the local government at the rate of 0.3 % of the declared value of the property. Revaluation is conducted by the local government every five years.
New properties are exempt from the annual property tax for five years.
Property may be sold to Turkish, or foreign nationals without any restriction and the proceeds of the sale can be converted to any currency and transferrable to any country you have selected.
Capital gains made from the sale of a property is taxable. However, individuals do not have to pay capital gains, provided that they have owned the property for more than 5 years.