Home  |  Contact  |  Türkçe
   
 

CONSULATE GENERAL OF TURKEY
London - United Kingdom

  Visa Information  |  Marriage & Divorce  |  Legalisation  |  Other Services & Info Notes  |   Latest News & Announcements

 OTHER SERVICES & INFORMATION NOTES

PURCHASING REAL ESTATE FOR PRIVATE USE IN TURKEY

Rules: Citizens and commercial corporate entities of the countries with which reciprocity agreements have been signed and companies established in line with Foreign Direct Investment Law No. 4875 in Turkey may purchase a real estate in Turkey on their own names provided that the property is not located in military and security zones.

The acquired property may be resold or rented out and the proceeds of the sale or the rental income may be transferred out of Turkey freely.

Procedure: The sale procedure for foreigners is the same as Turkish citizens except a search for the abovementioned military and security zones restriction. Once a sale agreed with the owner, an application has to be made to the local Land Registry Office. The Land Registry Office then carries out a search for the abovementioned restriction through correspondence with the military authorities in the area. As soon as the search is completed, the Land Registry Office then transfers the title and issues the new deed.

Taxes: Both purchaser and seller are liable for a 1.5 per cent property transfer tax, based on the declared price of the property. There is also a municipal property tax, again, based on the declared value of the property, at the rate of 0.1 per cent for residential properties and 0.3 per cent for land annually. One fourth of the tax value (minimum YTL 2,500) of newly built residential properties is exempt from the municipal real estate tax for the first five years.

Please click here to see the note on Constitutional Court's decision.

 

 
Useful Addresses
Useful Links
Tourism in Turkey    

Number of tourists visiting Turkey has reached 25 million in 2009. Around 2.5 million of which are British and this figure is expected to continue its upward trend in 2010.

goturkey.com  |  gototurkey.co.uk

CONSUL GENERAL'S MESSAGE



   Consul General


>> CG's Biography


TURKISH CONSULATE LONDON

Postal address:
Rutland Lodge Rutland Gardens,
Knightsbridge
London SW7 1BW,
United Kingdom

Telephone: 020 7591 6900
Fax: 020 75 91 6911

CONTACT US:
BizeYazin For all your queries:
http://www.mfa.gov.tr/contact-us.en.mfa
KCM Consulate Call Center:
+44 203 608 80 90
Twitter www.twitter.com/TurkConsLondon
face www.facebook.com/LondraBK



Application Times:
Monday - Friday
09:00 - 13:00

 
 
 
 
  © 2017 Turkish Consulate London - Credits: Flash slide movie on our home page has been provided by Ministry of Culture and Tourism.