The Buying Process
The Buying Process
The process of buying a property in Turkey is remarkably straightforward and, after all decisions have been finalised, the transaction can be completed in a few hours for domestic buyers. For a foreign buyer, however, the total time frame is extended due to the need to gain permission from Turkish military authorities. The military clearance process is a simple yet essential process, designed to ensure that foreign buyers are not purchasing land within a restricted military zone. This procedure will take between 2 and 12 weeks. Soyak will apply for, and bear the cost of, the Military Clearance on your behalf.
It is customary for buyers to grant POA - -Power Of Attorney - to Soyak which gives Soyak the authority to act on your behalf in a legal or business matter; in this case relating to the purchase of real estate. Essentially, this makes the buying process very simple. If clients prefer to continue the buying process through their solicitor, Soyak's procedurement department will support your solicitor in every step of the buying process. The following documents are required, for each purchaser, by the Notary Public when giving POA:
- Your passport
- Your parents' full names
- Your contact number(s) and address(es)
- Two photos of each person who will be named on the deeds
Once you have chosen your purchase, you will need to sign a reservation contract and pay a small holding deposit of £1000. You will pay a further 30% down payment 7 days later.
Following military clearance, the bank will provide mortgages for you and a title deed proving that you will have the property when it is completed, will be issued in your name. This title deed is called "kat irtifaklı arsa tapusu".
On completion your "kat irtifaklı arsa tapusu" will transfered to the full tapu (title deed).
There will be no buying costs when purchasing a property from Soyak Siesta Projects. All taxes will be paid by Soyak (subject to no changes in the current property buying laws).
