Gayrimenkul Satış ve Danışmanlığı
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. Why Turkey
. Buying property in Turkey, procedures and legal issues
. Real Estate In Turkey
. Why Turkey
Are you looking for a property investment abroad, or a dream house on the sun-drenched shores of mediterranean, then TURKEY is the absolute the best and irresistible choice, because:
The perfect climate and the beautiful landscape with its sandy shores and Turkish blue clean and pollution free waters, good food, attracts thousands of tourists to spend their holidays towards this mediterranean paradise.
1. Aspiring member of EU
2. Warm and pleasant climate
3. Steady and increasing property prices
4. Popular holiday destination
5. Gateway between east and west
6. Only 3 hours passage by air from western Europe
7. Cheap living cost
8. Humble, polite and hospitable people
We are fast expanding property brokers with our offices in Turkey and Germany who are working mainly as agents for very well reputed building constructors & Realtors in Turkey. V.I.P. STAR Real Estate Agency will provide you a friendly and experienced personal service and will answer all your questions in English/German/Dutch & Turkish language, and will make your property search without stress giving you the maximum available property choice to suit your requirements.
Please do not hesitate to contact us by mail if you want more information.
Activities in Turkey
Yatchting
Surrounded by the sea in three directions, Turkey is a treasure chest of coves, inlets, bays and bays at which yachtsmen can choose a different and private anchorage each night...
Golf
In recent years, since the golf facilities with international quality entered into service respectively, Turkey has become an elite golf center where golf players all around the world meet in an environment of delicacy, quality and prestige...
Rafting
Turkey, with its rich natural resources, provide an important river tourism potantial for the visitors of water sports...
Hunting
Geographic structure of Turkey is an appropriate ground for hunting in connection with its plant cover and wild life...
Underwater Diving
Important submerged things and underwater caverns within the seas of Turkey are waiting divers for discovery...
Winter Sports
Turkey is an important center of winter activities and attractions with its high altitude mountains covered with snow all throughout the year...
Youth Tourism
Having the great majority of its population made up of young people,Turkey embodies youth hostels and facilities providing,the young people living abroad and in Turkey,the opportunity to enjoy an inexpensive holiday...
Faith Tours
All throughout its history as the homeland of various religions,Turkey posses monuments worth seeing by people having different beliefs...
Silk Road
Anatolia is formed on one of the most important junction points of Silk Road from China to reaching to Europe through passing over Middle Asia...
Thermal Resorts
Turkey with its rich and curative mineral waters is the paradise of thermal springs and welcomes the ones seeking for good health with its high quality facilities...
Congress Tourism
Located on the junction point of Europe and Assia,Turkey is an ideal venue of meetings and congresses...
Botanic
Various geographic characteristics, climate variety, caused by geographical differences enables Turkey to have a rarely encountered vegetation in the world...
Spelunking
With an approximate number of 40.000 caves and caverns present, our country is like a ' paradise of caverns ' when compared to other countries...
Highlands
The highlands of Turkey and the lifestyle of its people have an important place in the rich cultural landscape of Turkey...
Air Sports
Turkey is a country which should be discovered by those fond of air sports such as, Paragliding, Glider, Parachute and Balloon...
Mountainneering
Turkey presents mountains lovers with an incredible variety of interesting climbing opportunities that are sure to satisfy the most demanding hikers, climbers, and winter sports fans....
Ornithology
Ornithology is to discover the nature trough the eyes of a bird...
. Real Estate In Turkey
Real Estate
The rules regulating the real estate acquisition of foreigners in Turkey have been redefined in the new legislation.
Real estate acquisition of foreigners in Turkey
Real estate acquisition of foreigners should be examined under three main titles:
. Real estate acqusitions of foreign real persons
. Real estate acquisitions of foreign legal persons
. Real estat acquisitons of companies with foreign capital.
Real estate acquisitions of foreign real persons
Real estate acquisition of foreign real persons are regulated in the article 35 of the Land Registry Law numbered 2644. According to the article;
With the reservation of reciprocity and compliance with legal restrictions, foreign real person can acquire real estates for the purposes of using as residence or business aims in Turkey that are separated and registered for these purposes in the implemented development plans or localized development plans.
The same conditions shall be stipulated in the establishment of limited real rights on real estates.
The total area of the real estates and limited real rights on real estates that a real person of foreign nationality can acquire all over the country can not exceed
In case of establishing mortgage in Turkey in favor of foreign real persons the conditions and restrictions set out above shall not be applied.
De jure and de facto circumstances shall be taken as basis in determination of reciprocity. In implementation of this principle for the citizens of countries that have not granted land ownership rights, it's stipulated that the rights granted by a foreign country for real estate acquisition to its own citizens should also be granted to citizens of the Republic of Turkey.
Real estate acquisition of foreign companies
The expression of 'foreign company” is usually confused with the expression of 'foreign capital company”. “Foreign company” refers the legal personality which is established in foreign countries according to the laws of these countries.
Real estate acquisition of foreign companies are regulated in the article 35 of the Land Registry Law numbered 2644. According to the article, foreign companies can acquire real estates and limited real rights on real estates in Turkey according to the provisions of special laws.
Relevant special laws comprise;
. Law for Encouragement of Tourism numbered 2634,
. Petrolium Law numbered 6326,
. Industry Regions Law numbered 4737
In case of establishing mortgage in Turkey in favor of foreign companies, the conditions and restrictions set out above shall not be applied as is the case in foreign real persons.
Real estate acquisition of foreign capital companies
'Foreign capital companies' are established or participated by foreign investors in Turkey according to the provisions of the Turkish Commercial Code and enrolled in Turkish Trade Register. The companies which are established in Turkey within the framework of the Turkish Commercial Code and have their management centre here are considered to be “Turkish companies” regardless of the citizenships of their shareholders.
Foreign Direct Investment Law numbered 4875 states that companies may freely acquire real estate or limited rights in rem through a legal entity established or participated by foreign investors in Turkey, provided such acquisitions are permitted for Turkish citizens.
For detailed information, please visit the website of Ministry of Public Works and Settlement General Directorate of Land Registry and Cadastre.
. Buying property in Turkey, procedures and legal issues
A. The process of the purchase
Buying property in Turkey for sale is not as complicated as you might imagine. The procedure is often far simpler than in most other European countries.
Foreigners may purchase land and property in Turkey under their own names (or under their companies) provided that properties are not located close to a military airport, station etc.
When buying a property in Turkey there are a few formality to go through before the property is legally yours. T- World Real Estate specialist staff will assist you in every step of the way and thereby making the process easy and safer for you.
1. Step
To allow T-World Real Estate to carry out all the formalities of the purchase, you must sign a "power of attorney" authorising it to do this. The authorisation usually includes the following:
. To purchase and register the property in your name
. To officially register your property in the municipality department
. To obtain completion report for the property
. To pay local taxes
. To officially register electricity, water supply and disposal services
2. Step
T-World Real Estate Specialist will assist you in opening a local bank account to make the transactions between your country and Turkey easier.
3. Step
The property owner and you go sign a contract "promise to sell and buy contract". This contract is an official document stating all information about the real estate, the buyer and the seller. It also contains data about the payment and the time of conveyance.
4. Step
An application is made to the Land Registry Office in order to receive military permission. This process may take a couple of months. After having received the military permission, the parties and their legal representatives go to the Land Registry Office to carry out the final procedures.
Throughout the process a fully certified translater will attend all the legal matters and also translate any contracts required.
B. Fees
The costs include the following:
. Estate Agency Fee: 3% of the Purchase Price
. Certified translators: 20 Sterling (approx) (approx. $38, 30 €)
. Registration at the Title Deed Office
. Conveyance tax: 3% of the property value
. The costs for the Power of attorney at Notary Public: 90 Sterling (approx) (approx. $169, 132 €)
. Earthquake Insurance (compulsory) : 35 Sterling (approx) (approx. $66, 52 €)
T-World Real Estate Specialist Staff will take your all troubles about paying this bills away (Including the conveyance tax, regardless of the price of the property).
C. Yearly fees for the owner:
Property tax: 0,1% of the property value and to be paid before end of May each year.
Costs for electricity, water and disposal services.
Buying a car: You can buy a car any time you desire.
Telephone: You can only get a telephone line if you have residence permit.
