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Who can buy? |
It used to be that non Turkish nationals were restricted to buying property only within towns and were limited to a maximum size of 20000m2. Areas which were sensitive to the military were also excluded. Since 26.06.2003 the laws have changed insofar as you can now buy anywhere you wish (also in villages) and are not limited in the size anymore. The only remaining restriction is the militarily sensitive areas. |
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Points to check! |
Before you decide to buy you have to make sure that the person selling the property is the actual owner. If there are several owners they all have to be present in person or via proxies.
In case of purchasing land make sure that the land and the right to live on it can be sold on and that the plot will get building permission: |
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There are many spectacularly beautiful plots of land that the historical residents have the right to occupy because they have done so for decades. This right however cannot be sold on but is handed down to family members.
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Also there are plots that actually can be sold legally but are rated as historic sites and will not get a building permission. |
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To avoid these pitfalls it is advisable to work with a company that does these background checks for you. It can be quite complicated to find out these facts, even more so, when we are talking about very remote areas away from the developed hot spots. |
Purchase and Ownership |
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One off costs |
Puchase Tax: There is a total purchase tax of 3% to be paid to the state owned Ziraat Bank. Half is to be paid by the seller and half is to be paid by the buyer on the declared value of the property. It has become common practice that the buyer covers the entire 3% of the tax. |