How to Buy Property?

Toroslar will help you with all the formalities of your purchase.

1. When you have decided to buy your property, an official document is drawn up between the seller and the buyer, concerning the price, details of payment and date of conveyance at the Land Registry Office. Both parties sign the document, which is explained to the foreign buyer/seller by the official translator.

2. Toroslar will assist you in obtaining a tax identification number and opening a bank account, at a local bank. So transferring money from your own country is easier.

3. There is a law in Turkey forbidding the purchase of property on military zones, therefore foreigners wishing to buy properties must apply to the TAPU office for permission from the military. The military investigation process takes approximately 2-3 months.

4. Once you have received approval from the military authorities you can proceed with the actual transaction.

5. Legal representatives or buyers go in person to the local land registry office '' tapu dairesi'' for conveyance. They are the only official body whom can transfer the title deeds. (TAPU in Turkish)

6. Performed in the presence of a land registry official, the transaction involves the current title deed holder, or their legal representative, giving consent for a new title deed (tapu) to be issued in the buyers name. An interpreter will be present to translate during the entire procedure. By this point the money for the transaction be paid in full.

7. As the legal owner, your name and details will now be on the title deed, copies of which is given to you and also kept at the registry office. 

Why Invest in Turkey

Reasons for Investment in Turkey

Turkey with its inevitable admission to the EU, offers a splendid investment opportunity

Unique geographical location

Turkey enjoys a very special location at the crossroads between East and West, overlapping Europe and Asia geographically. The proxy to the new emerging markets in the Middle East and Central Asia creates unique business opportunities.

A strong international investment record

The experience of more than 11,600 (as of end-2005) foreign capital establishments, including 104 of the Fortune Top 5000 companies, confirms Turkey as a predominant investment location.

A fast developing stable economy

The average growth rate for the last 5 years, which is well above many OECD countries, implies a dynamic and growing economy. WTO outputs also state that Turkey is among the most dynamic 20 countries in the world trade. In the last 3 years, Turkey's GDP grew by 24.3%, on a cumulative basis (in real terms). Turkey's real GDP and GNP increased by 8.9% and 9.9% respectively in 2004. This is the highest growth rate in the last four decades and makes Turkey one of the fastest growing economies in the world. Turkey is expected to grow by more than 5% per cent a year in the next 5-to-10 years.

- A huge domestic market
- High-skilled, competitive labour
- High quality standards
- The gateway of energy resources
- A state of the art telecommunications network
- Strong ties with Europe and United States
- Living cost is significantly lower than other European countries
- Besides being a vacation resort, it is also suitable for retired people to live all year long with its mild climate, nice atmosphere and reasonable prices.
- A newly built property in Turkey from a reputable developer comes with guarantees.
- The prices in Mediterranean Turkey have gone up by nearly 30 % in the past two years.
- Only 2 - 3 hours of flight time away from most European cities.
- Turkey is an all year round vacation destination.
- Turkey can provide excellent infrastructure with respect to hospitals, roads and rail links, phone lines / internet access etc
- Foreigners are warmly welcomed and English has become widely spoken.
- Foreigners from many countries can now legally own property in many parts of the country, especially around the Mediterranean coast.
- Real estate acquisition of foreign real and legal persons has been regulated in the article 35 of the Land Registry Law numbered 2644 with law numbered 5444 and dated December 12,2005 which was established in the Official Gazette of 26046 numbered and dated January 7,2006 (For further information http://www.tkgm.gov.tr )

TURKEY PROPERTY INVESTMENTS
The number of UK citizens who owned a real estate in Turkey rose to 10,171 in mid-April 2005 from 2,964 in mid-July 2003. On the other hand, the number of properties owned by UK citizens in Turkey rose to 7,663 in mid-April 2005 from 2.420 in mid-July 2003. Thus, respective increases in the number of UK citizens who invested in property and the number of properties purchased by Britons became 243% and 217% over the period in question whereas respective increases in the number of all foreign nationals who invested in property and the number of properties purchased by those foreign nationals became 40% and 34% over the same period. In other words, Britonsí investments increased much faster than other foreign nationals in the period in question.