Foreign natural persons, who would like to acquire real estates in our country:
Only citizens of the countries determined by the Presidential Decree may acquire real estates and limited rights in rem in our country. However:
Necessary Documents | Comment |
---|---|
Photo | 1 photo is sought for the Statement of Identity Information Form for foreign real person. |
Document regarding representation if the procedure involves representation | Power of attorney, court order regarding guardian, letter of authorization etc. (If the transaction will take place based on a power of attorney issued abroad, original or certified copy of the power of attorney is to be submitted as accompanied by the translation) |
Title deed for the real estate sold | Required if it exists |
Valuation report for the real estate | To be received from the firms authorized for valuation as licensed by the CMB (Capital Market Board) as published on the official website of CMB |
Compulsory earthquake insurance policy | Necessary for buildings such as residences, workplaces etc. |
Sworn interpreter | Necessary if there is any party that does not speak Turkish |
Land Registry Fee | Land registry fee of 20 over one thousand (15 over one thousand until 31.12.2019) shall be collected separately for the seller and the purchaser based on the value declared for the sale, provided that it shall not be less than the real estate value declared by the relevant municipality. (In case of exemption from fees, a letter issued by the Tax Office to evidence the same must be presented) |
Circulating Capital | Circulating Capital charges are collected (Varies depending on the local coefficient applicable for the locality, where the real estate is located) |