Turkey Property Direct UK Ltd
Turkey Property Buying Guide
Buying a villa in kusadasi, or any property for sale in Turkey is far less complicated than in many European countries. The Estate Agent or the developer holds more responsibility in terms of managing the process between the buyer and seller. All Capital Estate Agency transactions are carried out within the legal framework set out by the Land Registry Authority (TAPU).
Unlike most European Countries, Legal Representation is not required when buying or selling a villa in kusadasi,
or any property in Turkey as the contract between buyer and seller are legally binding contracts in their own right.
We however, we do recommend you use a lawyer to protect your interests, and to do the necessary checks on the property.
In previous years all documentation was in Turkish so it was necessary for all foreign investors to employ a public notary and official translator at the contract stage.
However, due to the huge increase in foreign investment and in order to simplify the process, a comprehensive contract has been drawn up in both English and Turkish that fully explains the terms of the sales contract and provides legally binding protection for both the buyer and seller under the terms of the contract.
Please ensure that when you are signing and paying a deposit, the contract is an official numbered contract - these contracts are made in triplicate with the Estate Agent or developer, Buyer and Seller each receiving a copy.
If you still feel that you wish to employ a lawyer, which we recommend you to do so, during this process, we can provide you with choice of two independent English speaking lawyers to represent you. An estimate of these costs would be approximately £600 / € 900.
A lawyer will check: -
The title deeds of the property in Kusadasi Turkey are in order
The person selling the property in Kusadasi Turkey is the registered owner
There are no debts or charges on the property
Building Licenses and permissions (e.g. for extensions) are in order.
Terms & Conditions of purchase of your property in Kusadasi Turkey
It should be noted that all of the above points are covered by either the Title Deeds Office or the County Council during the buying process, so the only real benefit of employing a lawyer is to check the terms and conditions of the contract.
It will also be necessary to register with the local Government office and receive a Tax number.
A bank account will be opened with a local bank (see Bank links) in order for you to hold funds locally. This process can be done within a few hours.
Regarding Property Surveys, again this is not a legal requirement. Building Regulations Laws have recently been passed in Turkey and all new buildings must be passed by an Official Government Body. This is not the case with resale property, but all details of the property will be on file with the local county council and must be in line with regulations for the property to be sold. If you are still wish to employ a property surveyor, he can check all the details of the property with the county council and survey the property, presenting you with a report prior to your decision to buy the property concerned.
Once you are satisfied with all the details of your property in Kusadsi and the sale price is agreed, a contract is drawn up between the buyer and seller and a percentage deposit paid. This is usually 10% of the agreed purchase price but booking deposits can also be accepted if the seller is in agreement with the balancing amount of the deposit payable by bank transfer at a later agreed date.
The legal exchange of property title deeds for a Turkish National is a very speedy process and normally takes place within a day. However, for non-nationals, the process is a little longer and can take between 6 & 8 weeks. This elongated process is in the interest of the foreign investor and ensures that the property is not in or close to a military designated zone. The sellers legal ownership and debts and charges are also checked during the process and background checks on the foreign investor are also carried out.
A copy of all the title deed document, a letter of explanation of the purchase agreement, a copy of the contract and a copy of your passport with 4 passport photographs are sent to the Army Headquarters in Izmir for clearance. It is this process that takes time. Once clearance for the transaction to go ahead is received, the legal exchange of property title deeds at the Tapu Office will be completed in one day (as for a Turkish National).
This entails, the Buyer (or Power of Attorney), Seller and Estate Agent attending the TAPU Office whereby the title deeds are transferred once the seller confirms he has received the monies for the transaction and the buyer confirms there willingness to buy the property and that they have received keys to the property. If it is difficult for you to return to Turkey to complete this final transaction, Power of Attorney can be given to your lawyer, or estate agent/developer to act for you in this final transaction. If completing the transaction yourself, a Translator must be present as all the points of sale must be understood by the buyer and seller alike before the transaction can be completed. Once the Transaction is finalised, you (or your power of attorney) will receive a TAPU (see attached link) in your name, which are the title deeds to the house making you the legal owner. All these details are also kept on file at the TAPU office.
A normally a commission of 3% is paid by both the Buyer and the seller on the purchase price of the property in Kusadasi on completion.
This commision is not payable on most of the properties on this web site, as they are new direct from the developers.
We do not charge any commission if you buy any property on this web site, it only applies on resale properties.
If you buying a holiday villa in kusadasi you will need to find a good property management company to look after your property in turkey, we can recommend a good property management company that will not rent your villa behind your back, or take advantage of you
, and we can help and advise you at anytime."
Good luck with your hunting for a villa in kusadasi Turkey, or apartment, and please feel free to
if you have any questions, queries or requests for further information.
Enjoy viewing our properties in Kusadasi Turkey.
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