SELLING PROPERTY
IN TURKEY AS A FOREIGNER: A QUICK GUIDE
Introduction
Selling property in a foreign country can be complex,
especially with differing laws and regulations. At Altun Legal, our
English-speaking lawyers in Istanbul are here to guide you through every step
of the process, ensuring a smooth and legally compliant transaction.
Legal Considerations
- Title
Deed: Ensure the property has a clean title deed, free from legal
disputes and debts.
- Tax
Obligations: Be aware of capital gains tax and other tax obligations
associated with selling property in Turkey.
- Residency
Permits: Selling property may affect your residency status if you hold
a residence permit based on property ownership.
Selling Process
- Property
Valuation: Obtain an official valuation report to determine the market
value of your property.
- Hire
a Lawyer: Engage an English-speaking lawyer in Istanbul to handle
legal matters and ensure compliance with Turkish laws.
- Find
a Buyer: Market your property through reputable real estate agents or
platforms.
- Preliminary
Agreement: Sign a preliminary sales agreement with the buyer and
receive a deposit.
- Transfer
Title Deed: Complete the sale at the Land Registry Office,
transferring the title deed to the buyer and receiving the final payment.
Common Challenges and How We Can Help
Selling property in Turkey involves navigating various legal
and bureaucratic hurdles. Common challenges include:
- Understanding
and complying with local laws and regulations.
- Ensuring
all paperwork is correctly completed and submitted.
- Dealing
with potential language barriers.
At Altun Legal, our English-speaking lawyers in Istanbul
provide comprehensive support throughout the selling process. We conduct
thorough due diligence, ensure all legal requirements are met, and represent
you in all communications with Turkish authorities, ensuring a smooth
transaction.
Contact Us
If you are considering selling property in Turkey, Altun Legal is here to help. Contact us today to schedule a consultation with one of our experienced English-speaking lawyers in Istanbul. We are committed to providing you with the legal support you need for a successful property sale.
This article is intended for general informational purposes only and not intended as a substitute for the advice and counsel of an attorney. If you want to contact an English-speaking lawyer in Istanbul for more information, you can contact our office.
