What to know before purchase
The unique document which according to the Turkish legislation, certificates the property right to a certain real estate object is called TAPU which is received by each owner upon apartment purchase in Turkey. Purchase недвижимостив Turkey foreign citizens is performed on the same bases, by the same rules and with the same rights, as citizens of the country. The unique document which according to the Turkish legislation, certificates the property right to a certain real estate object is the vladenchesky title, so-called TAPU which is received by each owner upon apartment purchase in Turkey.
Before beginning process of registration of TAPU after the object of purchase is chosen, the citizen of the Europe shall open the account in the Turkish bank then to transfer money from Europe.
Registration of the rights to real estate in Turkey is a prerogative of state body - Cadastral management which issues to the new owner of TAPU. Notaries in this country have no right to arrange and register transactions upon purchase of the Turkish real estate. At the notary можнотолько to arrange the agreement in which only a price for object and conditions of its payment will be settled. This agreement at all isn't the document certificating purchase of the apartment in Turkey – property right transition to the new owner. In practice the similar agreement though is called as the purchase and sale agreement, but consists between the buyer and the real estate agency performing sale of this object. In the agreement data on the buyer, information on an acquired real estate object, the price of object and a condition of its payment are specified.
TAPU happens blue and red flowers. TAPU of blue color is issued on the land area on which there is no building. Red TAPU – on the land area with ready or real estate under construction. In other words, upon apartment purchase in Turkey you receive TAPU of red color, it contains the following data:
- complete address of the land area on which there is a real estate;
- name and photo of the owner (buyer of real estate);
- special accounting information of Cadastral management;
- area of the parcel of land;
- information on real estate (degree of readiness of real estate to use, a land share of independent unit of real estate, that is the certain apartment in the apartment house, structure or block number, floor number);
- the declared cost;
- information on date and sale reason, and also on the previous owner of real estate.
Pay attention that in TAPU the real estate price according to an assessment of Cadastral management is noted. This price can significantly differ from the real cost of purchase in practice. But the cost declared in TAPU, forms the basis of calculations for calculation of the size of the non-recurring tax which is levied upon apartment purchase in Turkey, – 4%. At similar practice is both plus and a minus: on the one hand, the tax size, and with another decreases, the amount of payment on a state insurance decreases also.
For TAPU registration in Cadastral management the following documents are required:
- the purchase and sale agreement on acquired real estate;
- passport (foreign), translation and notarial assurance (4 copies);
- 4 photos (local sample);
Documents accepts district (Antalia, Alania, etc.) Cadastral management in the object location, further documents poison in the Head cadastral department in Ankara for receipt of permission to purchase of this real estate in Turkey and pass coordination in military department in Izmir. Based on the positive decision from these two departments the property right (TAPU) is arranged, and already based on it fixed residence permit can be issued.
On the average procedure of paperwork and receipt of TAPU can borrow from 2nd to 8 weeks and will cost to the buyer from 1000 to €2500.
The real estate agency provides the most complete consultation of the client concerning acquisition and sale of real estate objects in Turkey, carries out procedure of purchase, provides service on acquaintance with objects taking into account wishes of the client, checks "purity" of object (lack of a mortgage and other encumbrances on object). In other words, we do everything that the transaction became absolutely reliable and didn't bring to the buyer in the future "headache".
Author: RestProperty
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