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News about Buying in Turkey
Tapu Law Passed
November 15 2009 09:55
The 1000 TL fine for those who do not have their title deeds transferred to property ownership by the end of November 2009 was accepted at the General Assembly of Turkish Grand National Assembly.
Road Map to end Tapu Fraud
November 15 2009 09:54
Prime minister Tayyip Erdoğan has suggested that two ministries instrumental in foreign property buys in Turkey are close to drawing an end to military searches.
Turkish Mortgages
July 06 2007 17:53
New Turkish Mortgage System Given Green Light.
Articles about buying in Turkey
Links to Turkish Estate Agents/Developers
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Articles Details
Experts urge easing of property red tape
The process involved in the sale of homes to foreigners in Turkey still needs fundamental changes, experts say.
Various bureaucratic barriers and security investigations that take a long time are turning out to be quite expensive for Turkey in the end.
In Antalya alone, the spot in Turkey that sees the most real estate sold to foreigners, there are 2.5 billion euros of sales that are blocked annually for various reasons.
The fact that permission often takes six months to come from the Aegean Army Command headquarters means that many foreigners simply give up on their plans to buy homes in the end.
According to information from sector representatives, around seven out of 10 sales wind up being cancelled due to these factors.
Now real estate agents are calling for the bureaucratic barriers blocking the sales of homes to foreigners in Turkey to be lifted, with hopes this will help enliven the housing sales sector.
The president of the Antalya Chamber of Real Estate Agents, Şeref Sağlam, is calling for the process of home sales to foreigners to be cut back to 15 days, as it is in Spain. "Those who want to invest in real estate are fully within their rights. But bureaucracy is preventing this from happening," Sağlam said.
The general manager of the Ekşioğlu Construction Group, Atilla Aksoy, said: "Never mind six months, there are some foreigners who don't get deeds for one year. People come and look at the properties. They are maybe even planning on buying three or four villas. But when they find out it will take up to six months to get the deeds, they pass up on their plans."
The head of the Antalya Chamber of Trade and Industry's (ATSO) Construction Commission, Faruk Sayın, says that putting more authority into the hands of fewer officials would increase the sales of homes to foreigners.
In sales of homes to foreigners, the sale of a home in the same building to a foreigner does not establish a precedent for a second sale of a home in the same building. In other words, a foreigner buying a second home in a building must go through the same long procedure the second time around.
Aksoy notes that this situation makes no sense and calls for this kind of sale to establish a precedent for the foreigner involved.
The process involved in buying a home as a foreigner means:
Both the seller and buyer must first apply to the deeds bureau
The deeds bureau then writes a letter to the garrison commander
The garrison commander then sends this letter to the Aegean Army headquarters to be inspected for safety
The Aegean Army headquarters then officially queries whether the property in question lies within the garrison's military region or a historical region
After it has completed its research, the garrison headquarters send its final report to the Aegean Army headquarters
If the sale is approved, the Aegean Army headquarters sends its documents to the garrison headquarters
The garrison headquarters then sends its written permission to the deeds bureau for the sale to go ahead.
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