Buying a property in Turkey is a lot easier and more straight forward than in many other European countries.   Foreign nationals are permitted to buy in villages and coastal areas that fall under a municipality. 

In order to obtain the Freehold Title Deeds for the property an application needs to be submitted to the local Land Registry Office. In Turkey it is necessary for both the vendor and the purchaser to be present for the entry in to the property register, unless the purchaser has already completed the necessary paperwork giving Power of Attorney, which is known as ‘VEKALET' to an individual they can trust so that all documents can be signed on the purchasers behalf in their absence. As with most European countries there is a property purchase tax and Turkey is no exception.

At the time of deed transfer the buyer will be asked to pay a 3% property purchase tax of the total amount recorded on the actual deeds.

As a general guideline to some of the tax implications for owning a property in Turkey, you can expect to pay an annual property tax of 0.3% to the local government (municipality). This is collected from the owner and properties are subject to a re-evaluation of this every year for tax purposes, this is very minimal in comparison to many other countries. In addition there is also a community tax which is generally paid twice yearly – this is for local services and maintenance. Properties may be resold or rented out and the proceeds easily transfered out of Turkey.

Please note that the property prices indicated on our web site do not include 3% estate agent fee.