Purchasing real estate in Turkey is an exciting effort, offering a range of opportunities for both domestic and foreign investors. However, it is essential to understand the required documents to ensure a smooth and legally compliant transaction. In this article, we provide a comprehensive guide to the essential documents needed for purchasing real estate in Turkey.
Title Deed or Title Deed Information
One of the primary documents required is the title deed or title deed information of the property. This document serves as proof of ownership and provides important details about the property.
Passport/ID (including translation)
A valid passport or identification document is necessary for both domestic and foreign buyers. For foreign individuals, it is important to have the document translated into Turkish by a certified translator.
Real Estate Valuation/Appraisal Report
As per Circular Numbered 2019/1, a Real Estate Valuation/Appraisal Report is required. This report provides an assessment of the property’s value and is valid for three months from the date of issuance.
“Real Estate Market Value Certificate” from the Municipality
Obtaining a “Real Estate Market Value Certificate” from the municipality is another essential document. This certificate reflects the assessed market value of the property.
Compulsory Earthquake Insurance Policy
For buildings, such as residential or commercial properties, a Compulsory Earthquake Insurance Policy is mandatory. This policy ensures coverage in the event of an earthquake and protects the property and its occupants.
Identity Information Declaration Form and Photograph
An Identity Information Declaration Form, accompanied by a recent photograph taken within the last six months, is required for identification purposes.
Tax Identification Number
Obtaining a tax identification number is necessary for both domestic and foreign buyers. This number serves as a unique identifier for tax matters in Turkey.
Currency Purchase Certificate
A Currency Purchase Certificate may be required for foreign buyers. This document confirms that the necessary foreign currency has been acquired through legal channels.
Bank Approved Receipt (in requests to acquire Turkish citizenship)
In cases where buyers are applying for Turkish citizenship through real estate investment, a bank approved receipt demonstrating the investment amount is required.
Sworn Translator (for foreign speakers)
For individuals who do not speak Turkish, a sworn translator is necessary to ensure effective communication and comprehension throughout the purchasing process.
Power of Attorney (in case of legal representation)
If buyers are represented by a legal representative, a valid Power of Attorney document is required to authorise the representative to act on their behalf.
Purchasing real estate in Turkey requires careful attention to the necessary documentation to ensure a smooth and legally sound transaction. By understanding the essential documents summed up in this guide, you can take on the process with confidence.
At Turkish Legal Office, our team of experienced professionals specialises in guiding clients through the complexities of real estate transactions in Turkey. We provide comprehensive legal support, ensuring that all required documents are in order and that your interests are protected throughout the purchasing journey.
Contact us today to benefit from our expertise and set off on a seamless real estate investment experience in Turkey.
