Required documents to buy an apartment in Turkey 2022

Created: 2022-04-25
Last Updated: 2024-05-01
Views: 1404

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Foreigners are keen to buy an apartment in Turkey because of its advantages, including
Required documents to buy an apartment in Turkey
- 1- The tax number
- 2- Title Deed Fees (Tapu)

Many foreigners are keen to buy real estate in Turkey, for several reasons, some of them want to obtain Turkish residency by buying a property, or in order to obtain Turkish citizenship, and some of them want to move with their family to Turkey, and there are those who buy a property for investing their money with a fix income return or resale it after its price increases, or may the buyer want to spend some time away from the hustle and bustle of life and work.

The real estate market in Turkey has been able to achieve great successes with huge profits, and this is what attracted investors from all over the world and encouraged them to invest in real estate in Turkey, especially after the reforms that Turkish government had made to laws of ownership, particularly at the law of obtaining Turkish citizenship through real estate investment in the amount of only 250 thousand dollars and enjoy its many advantages.

Istanbul has had the largest share of success in the real estate field, as it combines between the eastern traditions and modernity of Europe that help to attract a large number of tourists and people to move there, so the volume of real estate sales in Turkey for 2021 increased by 43% over the previous year 2020.

Foreigners are keen to buy an apartment in Turkey because of its advantages, including

• Obtaining a real estate residence in Turkey.

• The possibility of applying for Turkish citizenship, if the property is worth 250 thousand dollar, and this is one of the most important advantages of buying a property in Turkey.

• The possibility of obtaining a strong Turkish passport globally, after acquiring Turkish citizenship.

• Making the investors to link their foreign investments between East and West.

• A profitable return on investment based on the power of tourism in Turkey, where the possibility of renting apartments during the multiple tourist seasons throughout the year, with good prices.

• Turkey is considered a safe, comfortable and beautiful place, in which the investor can live comfortably and in peace.

• The possibility of educating children in Turkish universities, and joining them in the international schools in various languages or local educational institutions.

• A conservative environment close to eastern and Arab customs and traditions.

• The cost of living is low compared to Europe and the countries of the region, with high quality and strong infrastructure.

That is why the Turkish state is keen from time to time to update some government procedures related to foreigners, such as residency permit or real estate ownership or even obtaining citizenship, which makes some investors wonder from time to time about the required documents before conducting any process, including the required documents to apply for permit residence or real estate residence, as well as documents for buying a property in Turkey or the required papers to obtain citizenship. In this article, Ramzy Real Estate provides you in this article the required documents to buy a property in Turkey in 2022 to be aware of the updated steps of purchasing real estate.

Required documents to buy an apartment in Turkey

1. A copy of the investor’s passport that translated and certified at the notary.

2. The tax number is extracted from the Tax Department.

3. Four biometric personal photos (at white background) of the buyer, to be inserted at the title deed.

4. A copy of the preliminary contract of sale (in case the purchase is through a construction company to buy an apartment in installments or cash, the primary purchase contract is required until the ownership is transferred from the company to the investor, provided that the contract is in both Turkish and the buyer’s native language.

5. A bank account at one of the banks operating in Turkey, in which the investor deposits his money in dollars in the bank before converting it to Turkish Lira, as it is required that purchasing process should be made through banks.

6. A transaction document (and this document was created by the state at the end of 2021, it is a bank document that the buyer transfers his money from dollars to Turkish lira and then the buyer transfers the purchase amount later from his account to the construction company or the person selling the property, and the state obliged the investor to attach it among the required documents.

7. A copy of the building permit for the project.

8. A copy of the original title deed of the property to its first owner, whether a company or a person, before transferring its ownership to the new buyer

9. An insurance policy for the property against natural disasters such as earthquakes, known as the (DUSK).

Although these papers are known to everyone, but how to extract and obtain these papers and it must be prepared before a period of real estate registration.

1- The tax number

It is known in Turkish as (Vergi Numarasi), which is a number assigned with the Tax Department in Turkey, and it is required to be for many legal or official processes. It is a paper that can be extracted from any Turkish city from the Tax Department easily, regardless of whether you have an official permit residence in Turkey or not, it is enough to have a translated passport that certified at the Notary, or a copy of a notarized rental contract.

You will need this number to carry out any official transaction in the Turkish state (marriage, title deed.. etc), and it is issued without fees, the tax number is required to open a new bank account in Turkey, in addition to many transactions, or any financial activity with the Turkish government.

2- Title Deed Fees (Tapu)

There are fees should be paid when transferring the title deed (Tapu) of the property from one person to another. These fees is 4% of the value of the property that written in the contract, and the property buyer pays it to the state, but sometimes the amount of the fees is paid equally between the seller and the buyer, especially if the seller is a construction company to encourage customers to buy, so in this case the seller pays 2% and the buyer pays the other 2%, unless the seller agrees with the buyer that one of them pay it all.

Title deed fees should be paid through a bank by sending a text message to the buyer’s phone and seller’s phone while transferring process of the title deed. The message informs them about the amount they must pay and to inform them which account they must transfer the fees to, so that the process of paying the fees should be done before signing the transfer of ownership between the two parties (seller and buyer).

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.