Purchasing property in Turkey can be an exciting effort, offering the opportunity to own a piece of this captivating country. However, understanding the main steps involved in the purchase process is essential to ensure a smooth and legally sound transaction. In this article, we present a simple guide to help you navigate the key steps involved in acquiring property in Turkey.
Step 1: Negotiation and Agreement
The journey begins with negotiation, whether it’s with the seller directly or through a real estate agent. During this stage, the main aspects of the property, including price and warranty, are discussed and agreed upon. Open and transparent communication is important to reach a mutually beneficial understanding between the parties involved.
Step 2: Preliminary Sales Contract
Once the negotiation phase is complete, the parties may choose to enter into a preliminary sales contract. This contract serves as a legal document that binds the parties to the conditions agreed upon during the negotiation stage. To ensure its validity, it is important to have the contract drafted in the presence of a notary public. Furthermore, the preliminary sales contract can be annotated to the land registry, providing additional security for the future sale of the property.
Step 3: Transfer of Title Ownership
The final and most important step in the purchase process is, of course, the transfer of title ownership. This step takes place at the General Directorate of Land Registry and Cadastre. Once all necessary paperwork and documentation are completed, including the preliminary sales contract, the title of the property is transferred to the new owner. This transfer is finalised when the property is registered under the name of the new owner, ensuring legal ownership rights.
Purchasing property in Turkey offers a wealth of opportunities for individuals seeking to invest in this dynamic market. By understanding the main steps involved in the purchase process, you can take on your property acquisition journey with confidence. From negotiation and agreement to the execution of a preliminary sales contract and the ultimate transfer of title ownership, each step plays an important role in ensuring a successful transaction.
At Turkish Legal Office, our team of experienced professionals specialises in guiding clients through the intricacies of property purchases in Turkey. With our extensive knowledge of Turkish real estate laws and regulations, we provide comprehensive legal support, ensuring that your interests are protected every step of the way.
Contact us today to take off on your property acquisition journey in Turkey and experience a seamless and secure transaction.
