How to buy an apartment in Turkey for a Russian citizen

Features of the transaction and procedure for purchasing an apartment

Türkiye is a colorful and multifaceted country with magnificent beaches and a unique culture. Here, when purchasing real estate, you can select a property with optimal parameters in terms of number of rooms, layout and location. How can a Russian citizen buy an apartment in Turkey ?

Basic rules of acquisition

Real estate in Turkey can be purchased not only by local residents, but also by foreigners. In 2012, the principle of reciprocity was abolished in the country. According to his requirements, the purchase could only be carried out by citizens of states where a similar opportunity is provided for the Turks.

The country has the following features for foreign buyers:

• registration of property for both legal entities and individuals;
• citizens of Russia and Ukraine are prohibited from purchasing properties in border areas on the Black Sea coast;
• available facilities are concentrated in Istanbul, on the coasts of the Aegean and Mediterranean seas;
• Available for purchase of commercial and residential properties.

Investments in the purchase of an apartment allow you to obtain a residence permit regardless of the cost. If property is purchased for at least $1 million, citizenship is immediately granted upon request.

The procedure for purchasing an apartment in Turkey

Some of the best properties are presented in Alanya and Side. What to do to choose and register the property correctly? Pay attention to finding a reliable realtor. You don’t have to worry about your savings when choosing a company with a license to operate.

The following sequence is performed:

1. Concluding a purchase and sale agreement. It includes the amount and terms of payment, information about the apartment being sold. The document can be signed and certified by a notary. But ownership comes only after receiving TAPU - a certificate of ownership.
2. Payment of a deposit. It is set at 5-10% of the total cost.
3. Preparation of documents for registration. If desired, you can make a power of attorney for a realtor who will completely carry out the transaction. a TIN and a bank account are issued if non-cash deposits are planned.
4. Payment for the transaction. Money is deposited in a convenient currency - euros, Turkish lira, dollars, British pounds.
5. Obtaining ownership rights. At the final stage, a TAPU is issued by the Cadastral Office. On its basis, a contract for utility services is drawn up.

This completes the registration and purchase procedure. As a result, the buyer becomes the owner and can independently manage the apartment on an equal basis with local residents.

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