What is the difference between Kat Mülkiyeti (Condominium Ownership) and Kat İrtifakı (Construction Servitude)?
These are two different types of title deeds. Kat İrtifakı is a temporary title deed issued for a property that is part of a construction project that is not yet completed or hasn’t received its occupancy permit (Iskan). It signifies that you own a share of the land and a specific unit within the future building. Kat Mülkiyeti, on the other hand, is the permanent and most secure type of title deed. It is granted once the building is fully constructed, inspected by the municipality, and each independent unit is officially registered. For a buyer, a property with a Kat Mülkiyeti title deed is the safest investment.
What is the process for a foreigner to open a Turkish bank account for a property purchase?
Opening a bank account is a relatively straightforward process. You will need a valid passport, your Turkish tax identification number (Vergi Kimlik Numarası), and proof of address from your home country, such as a utility bill. The bank may also require a notarized translation of your passport. Once you have these documents, you can visit any bank branch, fill out the application forms, and the account can be opened on the same day. This account is essential because all property transactions at the Land Registry and Cadastre Directorate must be conducted through a Turkish bank.
