LEGAL ADVICE

Our staff can offer you invaluable help and recommend experts to advise you on legal matters.  We always advise our clients never to buy anything until they have sought independent legal advice.  The translator will translate from Turkish to English all the legal requirements for purchasing property. They will also prepare your sale agreement in English.

The following information is intended to help you understand the process of buying a house in Turkey and to give you an indication of the obligations of overseas home ownership. Having instructed a solicitor to handle the purchase, you have the reassurance that all important aspects will be covered.  He/she will make sure:

• The title of the property is checked. 
• The person selling the property actually owns it. 
• Whether there are any charges on the property. 
• Where applicable, that building licences and permissions are in order. 
• The terms and conditions stipulated by the seller are checked for fairness.

Once the sale agreement has been drawn up by the solicitor, and the buyer & seller have signed it, the new title deeds will be applied for. This process could take 2 - 3 months.

The title deeds will then be transferred into your name, which is signed in the presence of the notary.  You can either attend the signing in person or appoint someone as power of attorney to attend on your behalf (which we can do for you).

The Notary is a public official who is present to officially certify that the title deeds have been exchanged and understood by the parties concerned.  After the signing, the notary witnesses the payment, or an acknowledgment that the payment has been made, and this is incorporated in the title deeds of the property.

As is the case with the purchase of property anywhere, it is often prudent to have the property you intend to buy surveyed.  A law was passed in Turkey recently whereby all new property has to be surveyed, however this is not the case for resale property. We can, if you wish, make arrangements for such a survey to be completed and will advise you on the costs of doing so.

A guide to the legal costs involved

The solicitor’s fees

Altinkum                       £150 / € 222
Bodrum                        £200 / € 296
Fethiye                         £120 / € 177

The legal translator’s costs

Altinkum                       £50 / € 74
Bodrum                         £50 / € 74
Fethiye                         £40 / € 60
 
Notary charges approximately £60 - £89 for power of attorney and translator.

Other Costs
We as 'Turkish Estates Agent' do not  take commission from the buyer.
 

Buyers tax: Approximately 1.5% of the sale agreement price.
Government tax: Approximately £100 / € 148
Community tax: £8 / € 12 paid yearly for local services.
Property tax: Approximately % 0,5 of property price, paid yearly.
Water & electricity connection fee: Approximately £250 / € 370
Earthquake Insurance: Depends on property price and location.
(required by law)
If property is bought in a complex:  There is an average maintenance charge of  £ 170 / € 252 - £ 750 / € 1,109

When purchasing property, the buyer will be responsible for paying the water and electricity connection fee. We, at The Turkish Property Centre, can organize this for you when you give us power of attorney to act on your behalf.

IRISH CONSULATE GENERAL, ANKARA

Ugur Mumcu Caddesi No.88
MNG Binasi, B Bloc, Kat 3,
Gaziosmanpasa
Ankara 06700
Tel:   +90-312-446 6172
Fax:   +90-312-446 8061
Email:  ireland@superonline.com
http://foreignaffairs.gov.ie/

BRITISH CONSULATE GENERAL, ISTANBUL

Istanbul: British Consulate General
Address: Mesrutiyet Cad. No: 34 Tepebasi, Beyoglu
34435 Istanbul, Turkey