[BUYING AND SELLING REAL ESTATE IN TURKEY]
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Identification document or passport together with its translation. Property value statement document to be provided by the relevant municipality. Compulsory earthquake insurance policy.
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Photos of the seller and the buyer.
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• If the transaction is to be carried out through a lawyer, a Power of Attorney is required. (If the power of attorney is prepared abroad, the original power of attorney and its certified translation.)
Signature circular of companies.
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• Certified of the authority of companies to acquire and sell real estate issued by relevant registry. In addition to the above-given documents, buyers with foreign nationality shall also obtain potential tax numbers from Turkish tax offices. 7. Annual Cost for Ownership of Real Estate The owners of real estate shall pay a real estate tax that varies from 0.3% to 1% of the tax-based market value determined by the relevant municipality and shall take out a mandatory earthquake insurance policy.
ILN Real Estate Group – Buying and Selling Real Estate Series
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