Buying Property In Turkey

In recent years there has been an increase of people buying property in Turkey. The markets in traditional countries where UK consumers buy a foreign home such as Spain have become extremely busy over the years and many people are looking for new locations to buy and Turkey fits the bill for these people. The country has also, over time, relaxed its rules on foreign nationals buying property here.

People buy a property in Turkey for various reasons. Some people will, for example want to go and live in the country full time whilst others may make their living investing in foreign properties. Other people may be looking for a holiday home or second home which they may also rent out to other people.

As Turkey is a relatively new country in which to purchase property it is important to make sure that you get qualified legal advice so that you make all the right decisions here. Buying property in any overseas country can be tricky as property laws and buying regulations will all be different to those you are used to at home.

As with some areas of Spain you also need to watch out for properties that have been built already and that that did not get the right levels of planning permission at the time of construction as their title may be dubious over time. You may also need to ask permission to buy a property in the country as an overseas resident.

In general terms the process of buying property in Turkey will involve a reservation process where you pay a fee to hold the property while its provenance is checked out. The next stage will involve a larger deposit of between 10-30% of the property price before the sale is completed.