Frequently Asked Questions
Are there any restrictions for foreigners when buying property in Turkey? Foreign citizens cannot buy property in rural areas, classified as villages, agricultural lands, and military zones. However, there are no restrictions in the areas we promote. You can buy property from other areas.
Will the ownership be free? Yes - All properties we sell in Turkey are "freehold." This means that property purchases and sales are made according to Turkish laws.
Can foreign companies buy property in Turkey? Yes. If your country and Turkey have a mutual agreement, your company can own property in Turkey. Alanya Eiendom can assist you in this complex process. We have experienced this situation several times. Foreign companies can buy property...
Can my company establish an investment company in Turkey? Yes. If you want to invest in Turkish property, Alanya Eiendom can help you establish a Turkish company. This way, you can easily invest in Turkey with your money. As a result, any foreign European citizen can establish a company. However, individuals establishing the company must also obtain a work permit.
Who determines the price of the property? If you are buying property in a new area, the price is determined by the project owner. You need to pay the same price to the person you are buying from, whether directly or through a third party.
What is the Real Estate Service Fee? The real estate company is entitled to receive a payment of 2% + VAT from the buyer and seller against an invoice. However,...
Can foreigners pay in Turkey? Alanya Eiendom Real Estate, in partnership with selected firms, offers an exciting and unique financial product to our customers in cooperation with all banks in Alanya, according to the conditions of the day. 50% LTV (Loan to Value) Fixed Interest Mortgage at a rate of 5% over a 10-year repayment period.
What is a TAPU?
A title deed, or "tapu," is an official document proving ownership rights to a property. In Turkey, the tapu is issued by the General Directorate of Land Registry and Cadastre, showing who owns the property. The tapu proves that the property owner has full rights to the property and can perform transactions such as selling, renting, and transferring it.
The tapu document includes the following information:
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Name of the property owner(s)
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Location of the property (province, district, neighborhood)
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Parcel and block numbers in the land registry
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Type of property (land, building, apartment, etc.)
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Area
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Land registry information
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Registration date and transactions
The tapu is the most important document in real estate transactions and must be officially conducted at the land registry offices. During the transfer of the tapu, the identities of the buyer and seller are verified, and the tapu fees are paid to complete the transaction.
Do I need to reside in Turkey after purchasing a property?
NO!
What is the average deposit? Can I pay in installments? Normally, the reservation fee is around €3,000 (approximately). If you are buying an installment house during construction, you pay 30%. This will be accepted during the purchase.
What is the general purchasing process in Turkey? After paying the reservation fee, Alanya Eiendom will ensure the tapu checks. A contract will be arranged between the seller and buyer, providing information about the completion date, payment plan, and terms and conditions. Once this is signed by all parties, the down payment is made. If required by your conditions, you can sign a Power of Attorney to finalize all necessary paperwork.
What documents are required? Your passport, tax number, and an address proof from your home country, such as a utility bill issued within the last three months, translated into Turkish.
What happens next? Alanya Eiendom will conduct checks. Following this, you (or with your Power of Attorney) will transfer the title deed in front of the land registry officer, and you will be registered as the official owner of the property. The property tax is paid at this stage and annually afterward.
Are there English-speaking and other language-speaking lawyers in Turkey? Yes, there are reputable lawyers and translators who speak English and other languages. Alanyaeiendom has its own lawyer.
What are the costs involved in buying property in Turkey? All expenses for the purchase of the property are explained here. The title deed tax is 4% of the stated value.
Why is property so cheap in Turkey? The Turkish economy is just beginning to mature, and inflation has dropped to 30% in recent years. This is a new opportunity for foreign investors. As the mortgage market becomes more competitive and opens to foreign buyers, prices will continue to rise.
How much will the total payment be? This varies depending on the property you choose. The exact amount is determined on the day of the title deed transfer. Alanya Eiendom will inform you before the purchase.
Are there any ongoing taxes? There are property tax and environmental tax. However, these are relatively low, and AlanyaEiendom will inform you. These taxes vary annually based on inflation and are determined by the local municipality.
Can I insure my property? Alanya Eiendom will help you insure your property. It is mandatory, which is an advantage for the customer.
Can I rent my property? Yes, you can rent your property during the summer and winter seasons. You can expect a more reasonable return during the summer season. Many customers do this. Alanya Eiendom includes this in our service package, and we handle the rental process with your authorization.
How can I shop for my apartment? Alanya Eiendom offers packages for furniture, white goods, and other shopping needs. We can assist you with purchasing furniture and white goods. If you wish, when you come to Alanya, we can arrange for your groceries and drinks to be put in your refrigerator.
How does the cost of living compare to the UK/Europe? Fresh produce, vegetables, and fruits are very affordable in Turkey. You will find many products that are 50% cheaper than in Ireland or the UK. However, electrical items are comparable to those in the UK.
What is the governmental system in the country? Turkey has a democratically elected government, similar to Ireland/UK. Turkey is also one of NATO's five permanent members.
What is a purchasing trip? The most important part of our service is for our customers to see the property they like on-site. Each visit is unique and designed to meet our customers' needs. The keyword is service - we will talk to you before your trip, understand exactly the type of property you are looking for, and plan your trip accordingly. We will be happy to provide all the details upon request. We pick you up from the airport, arrange accommodation, and cover the cost of a one-week stay. If you don't buy the property, you make a small payment of €500.