BUYING A PROPERTY IN KALKAN TURKEY
Purchasing your property in Kalkan Turkey is less
complicated than in the United Kingdom and the estate agent takes
a more active roll, in fact generally managing the process, which
usually takes between 6 to 8 weeks.
It is of course advisable to check out the agent
and or discuss the matter with a local solicitor advocate
another thing to consider is talking to other villa owners that
have been through the process and maybe ask them who they used for
It is possible now for non residents to
purchase most types of property in Turkey in their own names and
when the time comes to sell, the proceeds of the sale may be transferred
out of Turkey and in some cases providing it fits in with a timescale
set by the government profits may be free from capital
Before buying or selling a property, it is advisable to check out
to see if there have been any changes to the process, we are generally
up to date with the changes and can advise or at least guide you
to someone who does.
Agents commissions and title-deed expenditures
are normally added to the conveyance.
When you express an interest in buying a
property, an agreement is prepared setting out the terms and conditions
of the purchase. A duly signed copy of that agreement and a copy
of the title deed of the property are given to you.
At this stage, you will be required to give a copy of your passport
and two photographs.
Then you make a payment according to the payment schedule clearly
defined in the agreement. It is advisable to agree that payments
are returned if there are problems with the property or maybe debts
that you could be responsible for, such as local services etc.
A letter is then prepared with a copy of the legal papers, together
with the copy of your passport and they are then sent to the Army
Headquarters in I.zmir for clearance.
This is generally the time consuming part of the
process approx 6 to 8 weeks. The checks are made to ensure that
the land you are buying does not fall within any Military zone.
Character checks are also made.
When all the checks have been conducted and the papers returned
it is time to sign the Contract and undertake the money transfer.
It is also useful at this time to check that all utilities are paid
up to date, as you may be responsible when you are the new owner.
It is advisable to open a bank account with a Turkish or HSBC bank
(to enable you to transfer the remaining monies).
On the day of transfer, the Buyer, Seller and Estate
Agent will go to the Title Deeds Office and complete the paperwork.
The paperwork consists of all the legal issues (title deeds, land
registry etc) and financial issues. Financial affairs are concluded,
signatures exchanged and the title deeds of your property are registered
in your name.
After you have purchased the property you will need to visit various
department offices to get the utilities changed to your name.
The above, which is only a guide to a process that
can be changed by the government at any time, please do not rely
on the above entirely as we take no responsibility for anyone simply
relying on our brief notes as there could be omissions or additions
to the process, as we have stated you should research all aspects
before a purchase and take professional advice at all times.
Please do not hesitate to call or send us e-mail
and it will be a pleasure to assist in finding a property.
It is a simple and straightforward process for
a foreigner to buy a property in Turkey provided the buyer employs
the services of a reputable agent or lawyer.
The Government stipulates that property purchased
by a foreigner must:
a) have a Title Deed recorded at the Land Registry
b) be located within the permitted areas, for example
a foreigner cannot purchase property close to a military installation
nor purchase property registered as national forestry. for information
on the New Law on 'Purchase of Property by Foreigners in Turkey'
(published 09 January 2006)
What should a good agent do for you when buying
property in Turkey?
A good agent will:
1. Help you find the right
2. provide you with all background information on the property
including any outstanding debts or taxes, details of original
builder and previous owners.
3. Help you with the negotiation process, once you have found
the right property, to ensure the price is right too.
4. draw up a contract, to be signed in the presence of witnesses,
with all special agreements clearly stated.
5. once the contract is signed and the deposit paid the agent
will act on behalf of buyers until the exchange of the title deed.
6. arrange for a power of attorney if the buyer cannot be present
during exchange of title deed. Also arrange power of attorney
for registration with utility suppliers.
7. Carry out a deed office and local authority search which will
provide full information on:
a. The surrounding area giving details on building allowances
and restrictions including future plans for the construction of
roads, schools, mosques, etc.
b. Estimated purchase expenses including purchase tax, annual
property tax, yearly maintenance and details and cost of any outstanding
work or repairs.
c. Existing insurance on property and advice on any further insurance
d. The status of the title deed, ie any outstanding debts against
the property, any conditions attached to the deed, number of owners,
8. Will arrange payment (as per the contract) and deed exchange
once the Military search is completed.
9. Will register the utility supplies in the new owners name,
arrange insurance cover and register new ownership with local
council for taxes and rates once the deed exchange is completed.
10. Arrange for a maintenance company to look after the property
on an annual contract basis.
11. Advise the new owner on the letting potential of the property.
a list of properties for sale in kalkan