Foreign nationals have the legal right to buy and own property and land in Turkey. Dominic Whiting, editor of the Buying in Turkey guide, said: 'There are certain restrictions on where foreign nationals or foreign-owned companies can purchase. These restrictions have no affect on the vast majority of foreign buyers and have been put in place to stop the acquisition of large areas of agricultural land for strategic or other reasons.
- Property and land within an officially zoned planning area. This covers all the country's towns, cities and the coastal resort areas
- Property and land in rural areas that are outside an officially zoned planning area (most rural areas and many villages)
- Property or land within an officially restricted, military or historical conservation area
- More than 10% of the land in any given planning area (this is a huge area, equivalent to buying up 10% of a whole town or resort)
Official permission
All foreign nationals must apply to the Turkish authorities for permission to buy property. The developer or estate agent manages the application process is handled. The authorities check that the property is not in an area where foreigners are forbidden to buy - rural areas, land near military bases, or areas of historic, economic or archaeological importance. The checks normally take between one and three months depending on the area where the property being purchased is located.
Conducted in the Land Registry office (Tapu Dairesi) in the presence of a land registry official, who will issue a title deed - or Tapu - a copy of which is given to the buyer.
Transfers can be made to Turkey by Priority Payment from your bank. You will need the Turkish bank's address, IBAN, account number and sort code. Transfers cost £15-£40 and take two to five working days. If purchasing in Euros remember to contact a foreign exchange dealer to get a better rate of exchange.
You can now search for your very own dream overseas property on aplaceinthesun.com
Tell us about where you live, & see if your area makes the top (or bottom) 20
Compare current rates on loans, savings accounts, credit cards & mortgages with this handy tool.jpg){kind=small}
Our presenter could be popping round to your house for a consultation and a cuppa
Your Comments
Post your comment
Please note: In order to post a comment you need to be registered and logged in to Channel 4:
Sign In Here or Register Here
Comments closed
Comments are closed at the present time
Comments
Thank you for your comment!
Your message will be reviewed and the best ones will be published below.
If you intended to make an official comment to Channel 4 please contact us.