The buying procedure is often simpler than in most other European countries. Foreigners may purchase land and property in Turkey under their own names provided that properties are not located close to a military airport, station etc.

After an agreed sale, in order to acquire the title of a property, an application has to be made to the local Land Registry Office. The title may be transferred once checks have been made to ensure the property meets all necessary requirements (see below). A lawyer/solicitor is not needed in Turkey although it makes sense to consult one for your own piece of mind. Costs around £500.00.

During the transaction, the seller declares that he has recieved the full purchase price from the buyer. A 1.5% duty both for the purchaser and seller must be paid. In addition, there is an annual property tax, collected by the local government at the rate of 0.1% for houses and 0.3% for developed lands. The acquired property may be resold and the proceeds of the sale may be transferred out of Turkey.

There is no time restriction for reselling property after having bought, you can get it registered in your name and resell it the next day. Remember, that to reserve a property you will need a deposit. (Normally %10) Cash is the easiest way to pay the deposit but understandably most people do not want to carry around thousands of pounds / euros etc in a foreign country. The easiest thing to do, is open a bank account in the resort area of your choice (preferably on the day of your arrival) and then if you have taken cash, deposit it in the account. Alternatively forewarn your home country bank that you will be opening a bank account in Turkey and requesting by fax a money transfer to this account. Transfers normally take 3-5 working days which is why it makes sense to open an account as you arrive. It is very easy to open a bank account in Turkey and if you need any help we can help you.