RISKS OF PURCHASING A PROPERTY IN TURKEY

  Since Principle of reciprocity when buying land is eliminated within Turkey any foreigner now is eligible to buy and sell property in Turkey. Especially considering that legal structure allows for residence permit to be issued easily when a foreigner has a property. Acquiring land is restricted to a maximum level for each foreigner and some areas are forbidden for them. However since there is a real way to profit off of purchasing or investing for any foreigner, there is considerable risk too.

  Purchasing the property is made through the title deed and relative register books.

It can be done either through a special type of power of attorney or personally, within Tapu registration office. It has been known that purchases of the property will be made through notary soon but legislation is yet to come.

  There are ways to leave a commentary on those registration books:

• Urban reconstruction,
• Expropriation,
• Collateralization,
• Parcellation,
• Restitution

  These are “some” of the ways that you can loose what you have made so far and since it is on the registration books, no legal entity will redeem what you have lost.

  Property may not be resistant to earthquakes too, it is frequent enough in Turkey.

  Claiming not to know anything about what is in the title deed or relevant registration books will not save your lifelong commitments.

  One thing to keep in mind is that there will be a conflict of interest. Retail commissioners are focused on completing the transaction. They are representative of their clients which are owners of the property and can charge both buyer and seller, the lawyers recommended by them is their acquaintances and should not be trusted in those transactions. Officials are only there to carry out the transaction therefore they don't have any other obligation other than carrying out the purchase act. Translator will be brought obligatorily and you will be paying whatever they are charging and their knowledge about this topic will not be even surface level.

  I personally had clients who had made contracts prior to my knowledge and wanted to bail out because of outright fraudulent nature of such business. In some instances they have been told one thing wrote another on the contract.

  This is a country with rules and legislation that are different than yours.

  It is fairly better to work with someone with a better understanding of the zoning or land legislation. It is fairly common knowledge that title deed and relevant registration books are official and it should be noted that no one can be able to claim that they don’t know whats on it.

  Don’t let you best dreams of having a property become your worst nightmare. And please work with a professional.