Buying a
property in Turkey is somewhat easy. Your
solicitor or Aegean Home manages the process
on behalf of you. Generally speaking, the
completion date of these processes lasts
nearly 3-5 months.
On the
condition that you decide to buy any
property in our portfolio, we strongly
recommend that you employ a local lawyer
with experienced in Turkish property sales
and we can introduce you to the independent
solicitors that will act on your behalf.
With the parties'
signing of the contract prepared by the
solicitor, your purchase process will begin.
Despite
the necessity for the military to approve
all foreign purchases, in practice; however,
the military sign-off is a formality- it is
only undertaken to ensure that the land on
which the property you're
buying does not fall within a restricted
zone.
When the
obligatory permission reaches, the written
explanation will be sent so as to his/her
come to Bodrum within 2-3 weeks for the
title deed transfer; however, in the case of
the buyer's
giving a proxy, real estate agency or
his/her solicitor can take the title deed in
his/her name and they reach this to the
clients.
The buyer
or his/her solicitor, and the seller go to
the Title deed office on the day of title
deed transfer. With the signing of the title
deed documents by the seller, buyer or
his/her solicitor, the deed is registered in
the buyer's
name.
The buyer
shall pay the 1.5% of the purchase price to
the government on the date of title deed
transfer for the title deed transfer tax.
3% + VAT
commission fee should be paid by the buyer
to agency except for the fees and taxes for
the formal processes.
In sum,
we strongly suggest that you should budget
on 5% to 7% of the purchase price for fees.
