The following information is intended to help you understand the process of buying a property in Turkey and to give you an indication of the obligations of overseas home ownership.
Once you have decided on the property you would like to purchase;
A payment plan will be drawn up at the office of BBCG Construction and will be given to the client along with receipts for monies paid. The deposit (which is usually £1.000 pounds for the property) and legal costs will need to be paid at this stage. The deposit can be changeable, depending on the property. Please note: (Deposit and legal costs are non refundable)
We will take you to the solicitors’ office where the sale agreement will be drawn up. The solicitor will make sure that the title of the property is checked; that the person who is selling the property actually owns it; whether there are any charges on the property; where applicable that building licences and permissions are in order; and that the terms and conditions stipulated by the seller are checked for fairness. The sale agreement will be translated from Turkish into English by the legal translator. The solicitor, legal translator, buyer and seller will sign the sale agreements, and each party will get a copy of the sale agreement in both Turkish and English, this will also be given to BBCG Construction for our records.
If you would like to give the solicitor or other person in Turkey Power of Attorney to sign for the release of your title deeds from thetitle deeds office once they have been authorised, we can take you to the Notary office to have this done (only during week days). Please note that giving the solicitor or other person Power of Attorney does not give us or the solicitor or other person any claim over your property. It will be your name and picture on the title deeds.
The solicitor will then arrange for the paper work to be sent to the title deeds office for the transfer of the title deeds into your name, in order to do this the title deeds office will send your passport copies and title deeds to the Aegean Army Base in Izmir for the military check. This military check is only to determine that the area the property is in, is not within a certain kilometer radius of a Turkish military base (this could take approximately 6 months).
Once the title deeds have been authorised, we will inform you. At this time you will have to pay the balance due for your property, the buyers tax, earthquake insurance and the water and electricity connection fee. We will inform you of all payments that need to be made at this time (as reflected on your payment plan).
The release of the title deeds from the title deeds office is signed in the presence of the notary by the buyer and the seller. You can either attend the signing in person or appoint someone as power of attorney to attend on your behalf (for example the solicitor) – if you do not attend in person we will email / post a copy of your title deeds to you for your records, the original will be kept at our office and you can collect it when you next come to Turkey.
The solicitor will then arrange for the new title of the property to be registered with the local council office for property tax purposes.
Notary charges with legal translator are approximately 80GBP for power of attorney.
Please note that BBCG Construction doesn’t charge agency fee on the properties bought from projects and constructions built by the company.
Buyers tax : 4,0% of property price.
Military clearance fee : 1.015 TL
Water & electricity connection fee : 1.305 TL
Lawyer and Translator fee : 870 TL