Faq Group

Choosing a Property

What is the final step in the property purchase process?

What is the final step in the property purchase process?

The final step is the title deed transfer at the Land Registry and Cadastre Directorate. On the designated day, you (or your Power of Attorney), the seller, a sworn translator, and possibly the real estate agent will meet. The final payment is made from your Turkish bank account to the seller’s account. All final documents…

Are there different title deed types for commercial and residential properties?

Are there different title deed types for commercial and residential properties?

Yes. While the general principle is the same, the title deed will specify the nature of the property. For a shop or an office, the title deed will state “İşyeri” (workplace) or “Dükkan” (shop), while for an apartment, it will state “Mesken” (residence). It is important to match the property’s intended use with the type…

Can I buy property in Turkey and rent it out?

Can I buy property in Turkey and rent it out?

Yes, you can. Many foreign owners purchase properties specifically for rental income. You will need to declare this rental income to the Turkish tax authorities and pay income tax on it. You can manage the property yourself or hire a professional property management company to handle the renting, maintenance, and aydat payments.

What is Power of Attorney (Vekaletname) and why might I need it?

What is Power of Attorney (Vekaletname) and why might I need it?

A Power of Attorney is a legal document that gives a trusted person (usually a lawyer or real estate agent) the authority to act on your behalf. You might need it if you cannot be present in Turkey for all steps of the transaction, such as signing the title deed transfer documents or opening a…