The Purchase Process
Property Buying Process in Antalya, Turkey
Are you considering buying a property in Antalya?
Buying a new home in a foreign country is a momentous step that we all make in our lives. Live in Antalya is at your service to provide you consultancy and assistance on your entire investment & settlement processes in Antalya.
Even though you may be experienced with buying property purchase in your home country, the real estate purchase process in Turkey might be different in terms of legal procedure and paperwork.
The research
Drawing the picture of your real estate purchase motivation in Antalya
It is rather complex to buy a property in Turkey without a real estate agent. For this reason, finding an agent you can trust is critical during the property buying process.
However, before knocking on the doors of any real estate agency, we highly recommend you to make a wish list to have a clearer picture of your property purchase motivation in Antalya Turkey such as; is it going to be your holiday place / a home for long years ahead / or just an investment property?
5 essential points that every foreign buyer should pay attention to during the research phase.
1. Learn about the district or city of your potential property.
2. Understand the local development plan of the respected area.
3. Compare your potential property with the other real estates that have been sold in the respected area with similar amenities and size.
4. If you’re planning to invest in a property for buy to let reason, learn about the rental market with comparable data.
5. Find a professional real estate agent and let them make clear every detail of the process of buying a property.
Open a Bank Account in Antalya
Opening a bank account in Turkey is actually a simple task!
After you come to a decision about which property you will buy in Antalya, you will need to obtain a Tax Number, and open a Turkish bank account in order to document transactions.
How to get a tax number in Turkey?
Step in a local tax office or let us do it for you! The only documents you need for this application are the original passport and a copy of the passport. Once you receive your Turkish Tax Number, you are almost ready to sign up for a Turkish Bank Account.
What are the documents to open a bank account in Turkey?
Step in a local tax office or let us do it for you! The only documents you need for this application are the original passport and a copy of the passport. Once you receive your Turkish Tax Number, you are almost ready to sign up for a Turkish Bank Account.
1. Passport
2. Tax Number
3. Proof of address in home country. A utility bill from your country will do the job.
Buy your house in Antalya
Sales Agreement and Legal Procedure
This is the final step of real estate investment process for your property in Antalya: Acquisition! Our brokers are dedicated to serve you for the purchase of your property in Antalya, Turkey and assist you through the official paper works.
2% commission of real estate brokerage is charged both from the buyer and vendor according to Article 20 – Regulations of Immovable Trades of Turkish Republic.
Necessary documents to buy a real estates in Antalya, Turkey
1. Title Deed: Provided by the seller of the property.
2. Identity document or passport of both parties: (Translated version must be presented when necessary and must be issued in a manner to indicate the citizenship of the buyer).
3. Real Estate Valuation Report: An official appraisal report of a property can only be written by CMB (Capital Market Board of Turkey) licensed appraiser.
4. Compulsory earthquake insurance policy for buildings (house, workplace etc.)
5. One photo of the seller and two photographs of the purchaser (shot within the last 6 months, size 6 x 4).
6. Certified translator if there any party that does not speak Turkish.
7. If the procedure takes place using a power of attorney issued abroad, original or certified copy of the power of attorney along with translation thereof.