Upon signing this document, a deposit, typically 10% of the purchase price, is paid to secure the property. The Legal and Due Diligence Process Thorough due diligence is non-negotiable when buying property abroad.
Understanding Purchase Agreement Costs and Your Teklif Checklist
Eligibility and the Golden Visa Program Foreign nationals are permitted to purchase freehold property in Turkey, a significant advantage for global buyers. A key initiative facilitating investment is the Turkish Golden Visa program, which grants residency to individuals who meet certain investment thresholds.
Foreign buyers must also obtain a tax identification number and open a Turkish bank account, which are necessary for the transaction. Engaging a reputable, independent lawyer who is not affiliated with the developer or seller is highly recommended to review all contracts and protect your interests.
Understanding Purchase Agreement Costs and The Teklif Guide
Purchasing real estate is one of the qualifying pathways, and the minimum purchase amount has been adjusted over time to reflect market conditions. The market is generally divided into two primary categories: off-plan developments and ready-built properties.
More About Buying a house in turkey
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