Titan REAL ESTATE Turkiye Property Management Services

At Titan Real Estate, we provide top-notch property management services that are efficient and cost-effective. Our team of professionals has years of experience in managing properties of all types and sizes, ensuring that every aspect of your property is taken care of. With our expertise, we can help you maximize your profits and minimize your headaches. Whether you are looking to sell your property, rent long term, short term or have your property maintained and looked after for you and your family, we can offer an individual and bespoke service to meet your needs. From tenant screening to rent collection, to sales, we handle everything to ensure that your property is always in good hands.

Turkiye has become incredibly popular with both holiday homeowners and ex-pats over the years. Not only does the country have a rich, ancient and interesting history with an impressive and attractive cultural heritage, but property investors are attracted by the beautiful weather, stunning coastlines, colourful waters and unspoilt locations. Particularly popular locations include Antalya, Bodrum and Fethiye, areas offering modern and state-of-the-art apartments and villas. It is also much easier to buy a home in Turkiye than in many other European countries, with its fast turnaround being an attractive prospect to investors worldwide.

Where can I buy property in Turkiye?

Foreigners may purchase land and property in Turkiye in their own names, provided that properties are located in towns, not villages or rural areas. The property purchased must be located within the boundaries of a municipality or borough. The land or home purchased must also be located outside of military zones. We specialise in properties in Serik Antalya so perfectly located. 

Property Purchase Procedure

Stage 1

Of course, to begin with, you need to find a property that you want to buy. We specialise in properties in Kadriye, Belek and Bogazkent, (Serik) Antalya. Most people tend to buy relatively modern property in Turkiye and the quality of new-build homes has improved drastically in the past decade. The areas we specialise in are building new properties all the time making it an ideal place to invest. Brand new apartments and villas are available with a more contemporary open-plan style, some with beautiful outdoor areas and swimming pools. Well located near Land of Legends Water and theme park and only 20 minutes from the airport means we have your ideal property investment available. We have something for everyone in whatever kind of property or location you are looking for.

Stage 2

Once you have found your dream holiday home, Titan Real Estatewill draw up a contract with you detailing the agreed terms and conditions of the purchase. This will include the amount of your holding deposit, a date agreed when you will pay a full deposit and the final balance cost of the property. A legal translator appointed by government notary offices will be present for the duration of the process so that you fully understand everything.

Stage 3

The legal translator then takes the buyer's passport(s) to the Notary for translation. This is necessary for security and property location checks. The translation takes a maximum of half an hour, after which the passport(s) will be returned to the buyer.

Stage 4

Local office consultants from Titan Real Estateand the buyer willl take applications for the TAPU (title deeds) and the Iskan (habitation licence). The Iskan is a technical passport for your real estate, which holds information about your property, such as the number of floors and indoor infrastructure. The TAPU is an official document that shows property ownership. This document will include the owner’s photo and an official stamp and signature. It is vital that a TAPU is checked for authenticity by making sure that the name on the TAPU matches the seller. Your solicitor will check all of this for you and ensure that the TAPU does not come with any debts and matches the property in question.

All parties will then sign the contract written by Titan Property, witnessed by the legal translator.

Stage 5

On completion of the contract, you will be required to leave a holding deposit to secure the property (The minimum holding deposit accepted is USD 2,000 or equivalent in Turkish Lira) Properties at and date will be set for you to pay a full deposit which is usually 1-2% of the purchase value of the property.

Stage 6

Once all other paperwork is in place, you will pay the remaining balance on your property and th deeds of the property will be sign over to you.

To acquire a property's title, an application must be submitted to the local Land Registry Office in which the property is situated. After carrying out necessary searches and checks for the above-mentioned requirements, the Land Registry Office transfers the title. In Turkiye, it is legally compulsory for both sides (the seller and the buyer) to be present at the entry in the property register during the transaction, the proofs or the documents concerning the transfer of the full purchase price into Turkiye must be presented to the Land Registry Office.

Stage 7

It is at the point of deed transfer that all taxes and charges will be paid. You will need to pay a buyer’s fee to Turkiye Homes which will be set at 4% of the value of the property. You will also need to pay the purchase tax (stamp duty) which amounts to 4% of the assessed value of your property. The assessed value is normally around 60% of the purchase price, so your purchase tax will be 4% of 60% of the value of your property. This tax goes to the local municipality (council).

Stage 8

As a new property owner, once the purchase process is complete, you will receive your TAPU (title deed). You will need to register with the local tax office and open a Turkish bank account which is compulsory in order to register a property in Turkiye. In order to open a Turkish Bank account as well as your original copy of your passport, you will also need to provide another form of identification with your home address in the country you are residing. This could be in the form of a driving licence, any utility bill ( electricity, water, gas,etc ) or council tax bill. Once the bank account is opened, you will be given a dedicated tax number and you must register the fact that you now own the property with the local municipality. 

Connection Fees, Tax and Insurance

Once you have the keys to your new holiday home, you will need to pay one off connection fees for utilities such as electric, gas and water. You will also be required to purchase earthquake insurance. Turkiye does experience earthquakes and this insurance is mainly for peace of mind. All new build properties come with an earthquake warranty certificate by developers, but if you are buying a slightly older property, Turkiye Homes recommends that you ask for one of these certificates.

Annual property tax is collected by the municipalities (the equivalent of council tax) at the rate of 0.3% for land and 0.1% for a house. Costs can vary slightly depending on your municipality and in the big cities these figures are double. All properties are subject to revaluation every year for tax purposes. Your acquired property may be resold or rented out and the proceeds may be transferred out of Turkiye.

What are the costs of buying property in Turkiye?

The following illustrates the one-off costs of purchasing property in Turkiye. The figures noted here are representative of a property sale of £100,000. All figures are quoted in Sterling.

Purchase Tax 4,000 (generally lower - assessed value not the purchase value)

VAT n/a

Buyers Fee 4,000

Solicitors Fee 1,000

Notary Fee 300

Gas & Electricity 200

Total 9,500

The total purchase cost of your property amounts to approximately 8.5% of the cost of your new property. However, because the purchase tax is generally paid on an assessed value equivalent to 60% of the contract price, the eventual costs are around 6%.