FAQ

Types of real estate in Turkey: these are apartments and houses. Land plots can be considered a separate category, but they are in demand by a minimum percentage of buyers.
The houses can be sold as detached villas or townhouses. Apartments are standard and elite. Premium-class housing is located in well-maintained complexes, usually with a spacious house territory. As additional services, the infrastructure is offered, which may include a swimming pool, fitness center and other amenities.
The square footage is calculated along the outer perimeter of the walls. This means that the living area of the apartment will be much smaller, since the “real area” includes balconies, terraces and part of the landing.
The cost of housing is directly related to the quality of additional amenities in the complex. The more of them, the more significant the price of the apartment and the monthly maintenance fee.

Despite the fact that prices in Turkey have increased in 2021-2022, it is still possible to find objects worth about 150 thousand dollars. Basically, such prices are for complexes under construction. The average cost of apartments for a 2 + 1 layout in the country is approximately 200 thousand dollars, but prices vary greatly depending on the region. With a limited budget, foreigners can use installments from the developer. It allows you to pay for housing in installments for a certain period according to the payment schedule. The further away from the sea, the cheaper. It is also worth noting that if the cost of real estate is low, then it is less attractive for investment. Further liquidity directly depends on price and quality: poor cheap housing may not find either its tenant or a new buyer.

In 2022, the country’s legislation was amended, which established a mandatory minimum price for housing for obtaining a residence permit. To apply for a residence permit, a foreigner must purchase apartments worth at least 75 thousand dollars in large cities and 50 thousand dollars in small provinces.
For registration and obtaining citizenship, it is necessary to buy one or more real estate objects with a total value of at least 400 thousand dollars. For investment citizenship, it is mandatory to pass an exam for knowledge of the Turkish language.

When making a transaction for the purchase of real estate in Turkey, the buyer is required to:
– Order an expert assessment of the value of real estate. This is necessary for obtaining a residence permit in the future, as well as for the tax base. The cost of registration is about $ 90 (the price may change). The dates are two to three working days.
– Pay property tax upon receipt of TAPU. Its amount is 4% of the value of the property.
– Pay the service fee (approx. 19 dollars), the tax on receiving TAPU (approx. 60 dollars), the fee for the purchase of an apartment (approx. 120 dollars).
– It is possible to purchase real estate by proxy. In this case, the agency takes care of everything, and a notarized power of attorney for its representative is required from the buyer. The cost of a power of attorney varies from about $50 to $100.

You need to be well versed in the specifics of local legislation and speak English or Turkish. Therefore, a transaction involving a professional broker is safer, more efficient and faster. Real estate specialists will not only help with the choice of an apartment, but also tell you the real market price of the object you like, will assist in paperwork and obtaining a TAPU.

– first you need to choose a place and find out if it is possible to buy a new property abroad in this country.
– if such a purchase is possible, carefully study the market of offers and prices. Analyze the benefits.
– find out promising areas where you can buy real estate profitably.
– when choosing an object, evaluate the liquidity of the object. There is no point in increasing the price if you cannot sell an apartment in another country.
– read reviews of buyers who have already purchased an apartment or a house abroad.

Imagine that a few years after buying a property abroad, you wanted to sell it.
Real estate specialists know how to sell real estate abroad profitably and competently, who regularly conduct transactions and closely monitor all changes in legislation. To sell real estate, you need to own a large base of buyers, physically located nearby, so that at any time you can agree on the display of housing, know a foreign language, understand the intricacies of legislative procedures.

Turkey is one of the most popular destinations for buying real estate among buyers from Russia, CIS countries, as well as Europe. The reasons are different. Some people buy real estate in Turkey for permanent residence, others for summer holidays, and others are considering buying for investment.
It is necessary to buy Turkish housing from a reliable developer with an excellent reputation.
If the housing is supposed to be rented, it is necessary to determine the potential tenant, his solvency and preferences. The pool is usually important for Europeans, and the walking distance to the sea is important for Russian tourists. It is worth considering for what purpose you want to purchase Turkish real estate, which you can refuse. For someone, the sea view is important, and for others, the infrastructure of the complex and so on.
To save time and money for the selection of high-quality housing, you should contact the licensed real estate agency “Gürsoy Homes”.
We know how to buy real estate in Turkey as profitably as possible!

There are restrictions when buying real estate by foreigners. Citizens of 129 countries, including Russia, can buy real estate in Turkey.

The purchase of real estate for citizens of Armenia, Syria, Cuba, Nigeria, Yemen and North Korea is prohibited.

To learn more and get personal advice on buying a new Turkish home, contact the licensed real estate agency “Gürsoy Homes”.

In which region should I choose an apartment in Turkey?

Usually foreigners, when choosing a property for purchase, consider popular tourist regions. Among them are Alanya, Antalya and Istanbul. There are no specific recommendations for choosing a city, since each buyer is guided by his own goals and taste. Nevertheless, it is worth considering a number of common points:
For example, Istanbul has the highest real estate prices, as well as a more expensive life than in other regions.
Alanya is in demand during the tourist season, but loses to Antalya in terms of infrastructure.
In 2022, some changes were made to the legislation of Turkey, which relate to obtaining a residence permit for foreigners. Now, in a number of districts of Istanbul, Alanya, Antalya and other resort cities, foreigners cannot obtain a residence permit when buying real estate. When moving to permanent residence, this issue must be clarified in advance, since the list of closed areas may change.

What are the features of Turkish housing?

Types of real estate in Turkey: these are apartments and houses. Land plots can be considered a separate category, but they are in demand by a minimum percentage of buyers.
The houses can be sold as detached villas or townhouses. Apartments are standard and elite. Premium-class housing is located in well-maintained complexes, usually with a spacious house territory. As additional services, the infrastructure is offered, which may include a swimming pool, fitness center and other amenities.
The square footage is calculated along the outer perimeter of the walls. This means that the living area of the apartment will be much smaller, since the “real area” includes balconies, terraces and part of the landing.
The cost of housing is directly related to the quality of additional amenities in the complex. The more of them, the more significant the price of the apartment and the monthly maintenance fee.

Is it possible to buy a house with a limited budget?

Despite the fact that prices in Turkey have increased in 2021-2022, it is still possible to find objects worth about 150 thousand dollars. Basically, such prices are for complexes under construction. The average cost of apartments for a 2 + 1 layout in the country is approximately 200 thousand dollars, but prices vary greatly depending on the region. With a limited budget, foreigners can use installments from the developer. It allows you to pay for housing in installments for a certain period according to the payment schedule. The further away from the sea, the cheaper. It is also worth noting that if the cost of real estate is low, then it is less attractive for investment. Further liquidity directly depends on price and quality: poor cheap housing may not find either its tenant or a new buyer.

How to get a residence permit or citizenship when moving to Turkey?

In 2022, the country’s legislation was amended, which established a mandatory minimum price for housing for obtaining a residence permit. To apply for a residence permit, a foreigner must purchase apartments worth at least 75 thousand dollars in large cities and 50 thousand dollars in small provinces.
For registration and obtaining citizenship, it is necessary to buy one or more real estate objects with a total value of at least 400 thousand dollars. For investment citizenship, it is mandatory to pass an exam for knowledge of the Turkish language.

What additional expenses do I need to plan?

When making a transaction for the purchase of real estate in Turkey, the buyer is required to:
– Order an expert assessment of the value of real estate. This is necessary for obtaining a residence permit in the future, as well as for the tax base. The cost of registration is about $ 90 (the price may change). The dates are two to three working days.
– Pay property tax upon receipt of TAPU. Its amount is 4% of the value of the property.
– Pay the service fee (approx. 19 dollars), the tax on receiving TAPU (approx. 60 dollars), the fee for the purchase of an apartment (approx. 120 dollars).
– It is possible to purchase real estate by proxy. In this case, the agency takes care of everything, and a notarized power of attorney for its representative is required from the buyer. The cost of a power of attorney varies from about $50 to $100.

Is it possible to purchase apartments without intermediaries?

You need to be well versed in the specifics of local legislation and speak English or Turkish. Therefore, a transaction involving a professional broker is safer, more efficient and faster. Real estate specialists will not only help with the choice of an apartment, but also tell you the real market price of the object you like, will assist in paperwork and obtaining a TAPU.

How can I buy a property abroad with a profit?

– first you need to choose a place and find out if it is possible to buy a new property abroad in this country.
– if such a purchase is possible, carefully study the market of offers and prices. Analyze the benefits.
– find out promising areas where you can buy real estate profitably.
– when choosing an object, evaluate the liquidity of the object. There is no point in increasing the price if you cannot sell an apartment in another country.
– read reviews of buyers who have already purchased an apartment or a house abroad.

How to sell real estate abroad?

Imagine that a few years after buying a property abroad, you wanted to sell it.
Real estate specialists know how to sell real estate abroad profitably and competently, who regularly conduct transactions and closely monitor all changes in legislation. To sell real estate, you need to own a large base of buyers, physically located nearby, so that at any time you can agree on the display of housing, know a foreign language, understand the intricacies of legislative procedures.

How to buy a property in Turkey?

Turkey is one of the most popular destinations for buying real estate among buyers from Russia, CIS countries, as well as Europe. The reasons are different. Some people buy real estate in Turkey for permanent residence, others for summer holidays, and others are considering buying for investment.
It is necessary to buy Turkish housing from a reliable developer with an excellent reputation.
If the housing is supposed to be rented, it is necessary to determine the potential tenant, his solvency and preferences. The pool is usually important for Europeans, and the walking distance to the sea is important for Russian tourists. It is worth considering for what purpose you want to purchase Turkish real estate, which you can refuse. For someone, the sea view is important, and for others, the infrastructure of the complex and so on.
To save time and money for the selection of high-quality housing, you should contact the licensed real estate agency “Gürsoy Homes”.
We know how to buy real estate in Turkey as profitably as possible!

Who can buy a property in Turkey?

There are restrictions when buying real estate by foreigners. Citizens of 129 countries, including Russia, can buy real estate in Turkey.

The purchase of real estate for citizens of Armenia, Syria, Cuba, Nigeria, Yemen and North Korea is prohibited.

To learn more and get personal advice on buying a new Turkish home, contact the licensed real estate agency “Gürsoy Homes”.

What additional expenses will you have to incur when buying a property in Turkey?

The main expenses consist of two components:
1. the price of the property,
2. expenses related to registration of ownership.

When buying a home in Turkey, it is worth clarifying what is included in the stated cost. Most often, new properties in Alanya are sold with a fine finish, with a built-in kitchen set and plumbing. Furniture, household appliances, air conditioners and even textiles can also be installed as a gift.

The exact costs of real estate registration in Turkey depend on the type, size and cost of a particular object. See the list of basic expenses with approximate prices:
1. Payment of a one–time real estate tax – 4% of the cadastral value of housing;
2. State earthquake insurance DASK – 5-15 Euros per year;
3. Services of a notarized translator for obtaining TAPU – about 50 Euros;
4. ISKAN registration – 200-250 euros (issued 1 time when the house is put into operation)
5. Connection to electricity and water supply systems – 50-100 Euros;

Among other things, do not forget about the cost of maintaining real estate in Turkey:
1. Real estate tax – about 0.2% of the real estate price indicated in the TAPU, per year;
2. Aydat (monthly maintenance of the complex) – from 30 liras per month, depending on the quality of the amenities of the complex where the property is located. The amount is set by a general vote of the tenants at the annual meeting;
3. Utility bills – from about 0.9 to 1.25 lira per kW of electricity and from 3.25 lira per cubic meter of water.
Managers of the real estate agency “Gürsoy Homes” conduct a turnkey transaction, help to arrange all documents and make all payments.

If you are afraid of being deceived by a shareholder, it’s in vain, because most liquid facilities in Turkey diverge at the construction stage. There are very few ready-made options for apartments and villas, and they cost much more. Let’s give an example: the Nova complex began to be sold in February 2020, and in July 2020 it was already sold out. Construction began in November and by its completion, the objects would have risen in price by an average of 30-50%.

Another advantage of early purchase of real estate is an interest–free installment payment for the time of construction with the preparation of an individual payment schedule for making payments: developers always work individually with each client.

The acquisition of real estate in Turkey is associated with its pros and cons. When reading reviews, remember that every story is someone’s subjective experience. Someone is attracted to apartments in new multi-storey complexes in lively Antalya, and someone likes low-rise buildings in the quiet suburbs of Alanya.

Advantages of the Turkish market
According to Turkish legislation, citizens of Russia and most CIS countries can buy a house on the Mediterranean coast as property, which they have been doing successfully for more than 10 years.

1. Favorable climate of the Mediterranean Sea;
2. Incredible landscapes and diverse landscapes;
3. Safety and good nature of local residents;
4.First-class urban infrastructure, starting with supermarkets and hospitals, ending with the quality of roads and service;
5.The opportunity to stay in the country without a visa for some time, depending on the nationality of the guest;
6.A variety of real estate for sale – villas, penthouses, apartments, duplexes, commercial premises, hotels, land plots;
7. Comfortable environmental situation;
8.Equipped beaches, many of which are marked with the “blue flag”, and the purest sea;
9.Ideal conditions for sports: diving, rafting, yachting, tennis, golf, cycling and more;
11. The prospect of obtaining citizenship when buying real estate from $ 400,000 and much more.

Advantages and disadvantages of buying a property in Turkey

The acquisition of real estate in Turkey is associated with its pros and cons. When reading reviews, remember that every story is someone’s subjective experience. Someone is attracted to apartments in new multi-storey complexes in lively Antalya, and someone likes low-rise buildings in the quiet suburbs of Alanya.

Advantages of the Turkish market
According to Turkish legislation, citizens of Russia and most CIS countries can buy a house on the Mediterranean coast as property, which they have been doing successfully for more than 10 years.

What are the obvious advantages that can be listed?

1. Favorable climate of the Mediterranean Sea;
2. Incredible landscapes and diverse landscapes;
3. Safety and good nature of local residents;
4.First-class urban infrastructure, starting with supermarkets and hospitals, ending with the quality of roads and service;
5.The opportunity to stay in the country without a visa for some time, depending on the nationality of the guest;
6.A variety of real estate for sale – villas, penthouses, apartments, duplexes, commercial premises, hotels, land plots;
7. Comfortable environmental situation;
8.Equipped beaches, many of which are marked with the “blue flag”, and the purest sea;
9.Ideal conditions for sports: diving, rafting, yachting, tennis, golf, cycling and more;
11. The prospect of obtaining citizenship when buying real estate from $ 400,000 and much more.

What is Iskan?

Iskan is a document that confirms the possibility of using real estate or part of it (for example, an apartment in a residential complex) as a residential. To issue this document, you must have a TAPU, which is received at the city hall. The information component of ISKAN is information about the real estate object: how many floors in the building, how many apartments, the area of the apartment being purchased, etc.

There are 2 types of this document:
1. Genel ISKAN,
2. Ferdi ISKAN.

Genel ISKAN (Genel ISKAN) – permits that give the right to use the entire building. The developer must receive this document when putting the property into operation. Its presence indicates that the building was built in accordance with the construction standards of the state and according to the architectural plan of the city/village.

Ferdi ISKAN – tech. a passport issued for a separate apartment. Registration takes place when buying real estate. Ferdi ISKAN is issued once and only when purchasing housing in a new building.
Licensed real estate agency “Gürsoy Homes” will take care of all issues with obtaining Ferdi Iskan.

Advantages and disadvantages of buying a property in Turkey

The acquisition of real estate in Turkey is associated with its pros and cons. When reading reviews, remember that every story is someone’s subjective experience. Someone is attracted to apartments in new multi-storey complexes in lively Antalya, and someone likes low-rise buildings in the quiet suburbs of Alanya.

Advantages of the Turkish market
According to Turkish legislation, citizens of Russia and most CIS countries can buy a house on the Mediterranean coast as property, which they have been doing successfully for more than 10 years.

What are the obvious advantages that can be listed?

1. Favorable climate of the Mediterranean Sea;
2. Incredible landscapes and diverse landscapes;
3. Safety and good nature of local residents;
4.First-class urban infrastructure, starting with supermarkets and hospitals, ending with the quality of roads and service;
5.The opportunity to stay in the country without a visa for some time, depending on the nationality of the guest;
6.A variety of real estate for sale – villas, penthouses, apartments, duplexes, commercial premises, hotels, land plots;
7. Comfortable environmental situation;
8.Equipped beaches, many of which are marked with the “blue flag”, and the purest sea;
9.Ideal conditions for sports: diving, rafting, yachting, tennis, golf, cycling and more;
11. The prospect of obtaining citizenship when buying real estate from $ 400,000 and much more.

What is Iskan?

Iskan is a document that confirms the possibility of using real estate or part of it (for example, an apartment in a residential complex) as a residential. To issue this document, you must have a TAPU, which is received at the city hall. The information component of ISKAN is information about the real estate object: how many floors in the building, how many apartments, the area of the apartment being purchased, etc.

There are 2 types of this document:
1. Genel ISKAN,
2. Ferdi ISKAN.

Genel ISKAN (Genel ISKAN) – permits that give the right to use the entire building. The developer must receive this document when putting the property into operation. Its presence indicates that the building was built in accordance with the construction standards of the state and according to the architectural plan of the city/village.

Ferdi ISKAN – tech. a passport issued for a separate apartment. Registration takes place when buying real estate. Ferdi ISKAN is issued once and only when purchasing housing in a new building.
Licensed real estate agency “Gürsoy Homes” will take care of all issues with obtaining Ferdi Iskan.

If you decide to become a happy owner of real estate in Turkey, it is important to consider not only its total cost, but also the price for the further maintenance of the apartment. One of the most important and monthly expenses of the owners of Turkish real estate is “Aydat”.

Aydat is a monthly utility payment, it is regulated by the law on condominiums. According to this law, only the general meeting of all owners can set the amount of aidat. It is at the general meeting that the board of the residential complex is elected, overseeing the collection and spending of money for various needs of the complex, whether it is repair or restoration.

In a simple Turkish house, the most initiative tenants are chosen. But if many owners do not live permanently, then the tenants’ meeting invites the manager from the outside or signs a contract with the management company. In this case, if your neighbors are Turks, then a third-party manager will report literally for every lira spent. Most developers independently manage the built complexes, providing after-sales service.

1. The presence of a management company.
2. Sophisticated infrastructure.
3. The more employees work in the complex, the more you will pay.

Therefore, when purchasing real estate in Turkey, it is important to specify not only the cost of the property itself, but also its maintenance.

What factors influence the size of the Idat:

1. The presence of a management company.
2. Sophisticated infrastructure.
3. The more employees work in the complex, the more you will pay.

Therefore, when purchasing real estate in Turkey, it is important to specify not only the cost of the property itself, but also its maintenance.

How and where to change your passport after the expiration date?

First you need to understand which document we are talking about – a foreign passport or a passport of a citizen of the Russian Federation.

To change your passport, you should contact the Consulate General of the Russian Federation in Istanbul, Antalya, Trabzon or the consular department of the Russian Embassy in Ankara. For those who have real estate in Alanya, it is best to contact the Antalya Consulate. You can also use the services of the Honorary Consulate of Russia in Izmir, which regularly organizes on-site services for Russians.

Turkish legislation does not bind you to get a passport at a certain consulate, so you can apply wherever you want, focusing on your place of residence. You will need to write an application. You can do this either on the spot or prepare it in advance – just fill out the questionnaire, print it out and submit it to the consulate with all other documents and an internal Russian passport.

The procedure for obtaining a foreign passport may take up to 3 months from the date of submission of documents. Thus, experts recommend contacting the consulate in advance, about 3-4 months before the expiration of the passport.

As for the general civil passports of the Russian Federation, they can be exchanged only on the territory of Russia at the place of registration. It is impossible to do this in the Consulate General or anywhere in Turkey – these bodies simply do not have the right to work with Russian passports and carry out operations only with foreign passports.

To update your Russian passport, you need to fly to Russia. To simplify the procedure, you can order the reissue of the passport through the Unified Portal of Public Services, however, the provisions stipulate that the passport is issued only personally in the hands of the person who issued it. Obtaining a document by proxy is not allowed.

Note that in order to obtain a new passport, it is absolutely not necessary to change the Russian one. If there is no passport, the consulate will check for Russian citizenship, which will just take a little longer.

What factors influence the size of the Idat:

1. The presence of a management company.
2. Sophisticated infrastructure.
3. The more employees work in the complex, the more you will pay.

Therefore, when purchasing real estate in Turkey, it is important to specify not only the cost of the property itself, but also its maintenance.

How and where to change your passport after the expiration date?

First you need to understand which document we are talking about – a foreign passport or a passport of a citizen of the Russian Federation.

To change your passport, you should contact the Consulate General of the Russian Federation in Istanbul, Antalya, Trabzon or the consular department of the Russian Embassy in Ankara. For those who have real estate in Alanya, it is best to contact the Antalya Consulate. You can also use the services of the Honorary Consulate of Russia in Izmir, which regularly organizes on-site services for Russians.

Turkish legislation does not bind you to get a passport at a certain consulate, so you can apply wherever you want, focusing on your place of residence. You will need to write an application. You can do this either on the spot or prepare it in advance – just fill out the questionnaire, print it out and submit it to the consulate with all other documents and an internal Russian passport.

The procedure for obtaining a foreign passport may take up to 3 months from the date of submission of documents. Thus, experts recommend contacting the consulate in advance, about 3-4 months before the expiration of the passport.

As for the general civil passports of the Russian Federation, they can be exchanged only on the territory of Russia at the place of registration. It is impossible to do this in the Consulate General or anywhere in Turkey – these bodies simply do not have the right to work with Russian passports and carry out operations only with foreign passports.

To update your Russian passport, you need to fly to Russia. To simplify the procedure, you can order the reissue of the passport through the Unified Portal of Public Services, however, the provisions stipulate that the passport is issued only personally in the hands of the person who issued it. Obtaining a document by proxy is not allowed.

Note that in order to obtain a new passport, it is absolutely not necessary to change the Russian one. If there is no passport, the consulate will check for Russian citizenship, which will just take a little longer.

What documents are required to open an account in a Turkish bank?

If you decide to buy a property in Turkey, then you need to open an account with a local bank for a more comfortable implementation and receipt of transfers, as well as to pay bills for the purchased apartment. It will also be possible to get a debit card to the account to pay for goods, withdraw cash. In most Turkish banks, accounts can be opened in 4 currencies: lira, dollars, euros, pounds sterling.

Documents for opening a bank account:

1. Passport;
2. A document confirming your residential address;
3. Turkish tax number.
As for the document that can serve as a confirmation of the address of residence, then as such, you can present a passport of a citizen of the Russian Federation with an indication of a residence permit, as well as a bill for the payment of a “communal apartment” or a residence permit in Turkey, where the address of residence is indicated.

You need to get a Turkish tax number in advance, it’s also not difficult. To do this, you need to visit the local tax office and submit an application there that you want to get your personal tax number in order to open your own bank account. In Turkey, this tax number is called Vergi Kimlik Numarasi. Issued within 5 minutes. The main thing is that your full name is written correctly in the same way as in the passport. Otherwise, if you come to the bank and it turns out that at least one letter is different in the passport and the received tax number, you will have to go back to the tax inspectorate and correct the mistakes.

What factors influence the size of the Idat:

1. The presence of a management company.
2. Sophisticated infrastructure.
3. The more employees work in the complex, the more you will pay.

Therefore, when purchasing real estate in Turkey, it is important to specify not only the cost of the property itself, but also its maintenance.

How and where to change your passport after the expiration date?

First you need to understand which document we are talking about – a foreign passport or a passport of a citizen of the Russian Federation.

To change your passport, you should contact the Consulate General of the Russian Federation in Istanbul, Antalya, Trabzon or the consular department of the Russian Embassy in Ankara. For those who have real estate in Alanya, it is best to contact the Antalya Consulate. You can also use the services of the Honorary Consulate of Russia in Izmir, which regularly organizes on-site services for Russians.

Turkish legislation does not bind you to get a passport at a certain consulate, so you can apply wherever you want, focusing on your place of residence. You will need to write an application. You can do this either on the spot or prepare it in advance – just fill out the questionnaire, print it out and submit it to the consulate with all other documents and an internal Russian passport.

The procedure for obtaining a foreign passport may take up to 3 months from the date of submission of documents. Thus, experts recommend contacting the consulate in advance, about 3-4 months before the expiration of the passport.

As for the general civil passports of the Russian Federation, they can be exchanged only on the territory of Russia at the place of registration. It is impossible to do this in the Consulate General or anywhere in Turkey – these bodies simply do not have the right to work with Russian passports and carry out operations only with foreign passports.

To update your Russian passport, you need to fly to Russia. To simplify the procedure, you can order the reissue of the passport through the Unified Portal of Public Services, however, the provisions stipulate that the passport is issued only personally in the hands of the person who issued it. Obtaining a document by proxy is not allowed.

Note that in order to obtain a new passport, it is absolutely not necessary to change the Russian one. If there is no passport, the consulate will check for Russian citizenship, which will just take a little longer.

What documents are required to open an account in a Turkish bank?

If you decide to buy a property in Turkey, then you need to open an account with a local bank for a more comfortable implementation and receipt of transfers, as well as to pay bills for the purchased apartment. It will also be possible to get a debit card to the account to pay for goods, withdraw cash. In most Turkish banks, accounts can be opened in 4 currencies: lira, dollars, euros, pounds sterling.

Documents for opening a bank account:

1. Passport;
2. A document confirming your residential address;
3. Turkish tax number.
As for the document that can serve as a confirmation of the address of residence, then as such, you can present a passport of a citizen of the Russian Federation with an indication of a residence permit, as well as a bill for the payment of a “communal apartment” or a residence permit in Turkey, where the address of residence is indicated.

You need to get a Turkish tax number in advance, it’s also not difficult. To do this, you need to visit the local tax office and submit an application there that you want to get your personal tax number in order to open your own bank account. In Turkey, this tax number is called Vergi Kimlik Numarasi. Issued within 5 minutes. The main thing is that your full name is written correctly in the same way as in the passport. Otherwise, if you come to the bank and it turns out that at least one letter is different in the passport and the received tax number, you will have to go back to the tax inspectorate and correct the mistakes.

Is it necessary to insure real estate in Turkey?

There are two types of residential and commercial real estate insurance in Turkey: mandatory (Dogal Afet Sigortalari Kurumu (DASK)) and voluntary.

The compulsory insurance system appeared after the adoption of Law No. 587 “On Compulsory Earthquake Insurance” in 1999. This applies to buildings located on the territory of municipalities. To ensure the financial stability of this type of insurance, the Turkish Disaster Insurance Pool (TCIP) was created, which operates under the supervision of the Treasury Department. This system consists in the fact that it allows you to form long-term reserves to cover financial losses from earthquakes, and to compensate for damage in an insured event without returning funds to the state budget.

Compulsory insurance reimburses expenses related to complete or partial destruction as a result of an earthquake, as well as fire, collapse, explosion caused by an earthquake.

To determine the amount of the insurance premium , it is taken into account:

1.Location (according to the map of seismic zones);
2.Type of structure (steel, reinforced concrete, stone, brick or other structures);
3.The total area of the property.
On average, the cost of compulsory earthquake insurance is €5-€15 per year (€ 0.15 per 1 m2 of housing). Registration of water and electricity meters is mandatory, having real estate earthquake insurance on hand.

Currently, there are 32 insurance companies operating under TCIP.

General or voluntary insurance allows you to insure real estate and property against any risks. The amount of the insurance premium will depend on the estimated cost of housing, the location and age of the building, the type of construction, the floor, if it is an apartment, are also taken into account.

Insurance is issued in Turkish or English. To apply for voluntary insurance, you need a minimum of documents: a TAPU (copy), a passport of the owner of the property, a Turkish TIN.

In accordance with Turkish law, TAPU (Tapu Senedi) is the only official document certifying the right to full and untimely ownership of a certain property, which can not be challenged by anyone, even in court. All other documents, including those certified by a notary, do not confirm the ownership of the purchased property.

* TAPU is a register sheet that is issued on the basis of a signed deed of purchase and sale of real estate, between the buyer and the seller. All information about real estate, former and new owners is recorded in the cadastral book. Therefore, in case of damage or loss, it can be easily restored in the local cadastral chamber.

* The transfer of ownership rights to a real estate object is carried out only at the place of purchase of real estate, in the office of the cadastral chamber, in the presence of a sworn interpreter. This procedure can also be carried out by an authorized representative, provided that there is a notarized power of attorney.

* By the time the TAPU is received, a full settlement must be made between the seller and the buyer, all state duties and taxes on the purchased property must be paid.

* TAPU comes in two colors:
TAPU of red color – certifies the ownership of a finished or not finished structure
TAPU blue – on a plot of land, without development.

* Citizens of the Republic of Turkey and foreigners have equal rights to property.

* The TAPU does not specify the area of residential real estate, but only the area of the land plot.

*To obtain a TAPU, citizens of Russia and Ukraine do NOT need to issue a residence permit.

* After receiving the TAPU, in the municipality, you will need to issue a technical passport “iskan” for an apartment, after which you will be able to renew a subscription for water and electricity in your name.

* Innovations concerning the procedure for registration of real estate ownership and the appearance of the certificate of ownership.

To improve the work of the Cadastral Administration, a new unified data system has been introduced, and the Tapu registration procedure itself has been simplified as much as possible. To start the procedure, you need to fill out a questionnaire in electronic form. In addition, new property owners will have the opportunity to leave their feedback on the work of the Cadastral Office. As for the appearance of the Tapu, it will take on a more modern and informative form, where an additional QR code will appear, displaying the location of the object on the city map. Instead of an address, each object will also be assigned an individual number.