The legislation of the Republic of Turkey guarantees foreign buyers untimely and undivided possession of the acquired property – residential, commercial real estate, land. This right is supported by a special document – TAPU.
About what is TAPU in Turkey, his We will tell you about the types, advantages and cost of registration in our article.
Types of TAPU
TAPU in Turkey – This is a certificate of ownership of real estate. The basis for obtaining a Turkish title is a purchase and sale transaction carried out in the country and confirmed by relevant documents. The concluded agreement does not indicate a transfer of ownership. Only TAPU guarantees legal ownership of an object, which cannot be challenged even in court.
All basic provisions for the acquisition of real estate in Turkey foreigners are regulated by articles 35, 36 of the Cadastre Law No. 2644.
TAPU guarantees a number of advantages to foreigners, namely:
- The right of ownership includes both the object and the land plot underneath it.
- Several people (no more than 10) can be homeowners, regardless of the presence or absence of family ties. The size of the shares is indicated in the document.
- TAPU provides an opportunity for investors from abroad to obtain a residence permit based on the purchase of real estate if the cadastral value of the property is at least $200,000 in lire equivalent at the time of its registration (these changes came into force on October 16 2023).
- When purchasing a villa or apartment in Turkey at a price of 400 thousand US dollars, the owner, on the basis of TAPU, can apply for citizenship by investment under an accelerated scheme .
What TAPU looks like in Turkeydepends on the type of document.
The legislation of the Republic of Turkey provides for two types of TAPU:
- Red – confirms ownership of an object with built residential or commercial real estate (houses, villas, apartments, areas for shops, offices, etc.).
- Blue – issued to land owners.
Important!
Investors from abroad, after purchasing land for development, are required to prepare and submit a construction project to the municipal authorities within two years. Implementation period – 5 years. Failure to comply with the requirements may result in the land being sold through an auction at market value, with the right of ownership being revoked.
Documents for registration of TAPU
Regardless ofthe type of TAPU in Turkey – red or blue – For registration, a foreign buyer needs to prepare the following documents:
- a foreign passport, the validity of which does not expire for six months from the date of application;
- photo 3x4 – 2 pcs.;
- individual tax number issued by the Turkish Tax Service;
- information about current accountopened in one of the banks in Turkey;
- certificate of independent expert assessment of the object;
- DASK earthquake insurance policy;
- a notarized power of attorney for your representative if the investor cannot attend the procedure in person.
The package of documents is transferred to the Cadastral Chamber at the place of purchase of the property. This can be done either by the buyer himself or by a person representing his interests legally. Upon acceptance of the papers, the investor receives an SMS notification with a rendezvous date for re-registration of the Turkish title.
Form structure
Registration andregistration of TAPUin Turkey are gradually moving to electronic accounting and control system. Starting from 2021, a new type of certificate with an identification number and a QR code with a link to complete information about the owner and the object is issued in the Republic of Turkey.
The appearance of the form has also changed: now it does not contain data about the previous owners, detailed information about real estate, but fields have appeared with the net and gross area of the property, information about owner/owners and their shares.
The certificate of ownership consists of 4 parts, each of which contains the following information:
- Location and address:
- İli — province/region;
- İlçe — area;
- Mahallesi/Köy — quarter, settlement;
- Ada No and Parsel No — site number;
- Yüz Ölçümü — land area;
- Niteliği — type of property (property parameters);
- Fotoğraf — photo of the owner.
- Information about real estate:
- Niteliği — object type;
- Blok No - Çiriş - Kat No — block number, entrance and floor;
- Arsa Payi — owner's share;
- Bağımsız Bulüm No — number of an independent object (apartment, office, etc.);
- Proje m² — area;
- Cilt/Sayfa No — page and entry number.
- Owner information:
- Adı Soyadu / Baba Adı — owner's name(s);
- Hissesi — share in ownership.
- Information from the Real Estate Registry Office of the Republic of Turkey:
- Taşınmaz Tipi / No — type of real estate and number;
- Konum Bilgisi — location;
- Edinme Neder — form of ownership (purchase and sale, inheritance, gift);
- Tescil Tarihi / Yevmiye No — date and registration number;
- Işlem Bedeli — cost.
Cost of TAPU registration
In addition to a one-time real estate tax in the amount of 2–4% of the cadastral price of the property, there are associated costs for registering documents.
To the costs of registrationTAPU in Turkey for Russians, Kazakhs, Ukrainians, Belarusians and citizens of other countries should also pay:
- real estate assessments;
- DASK insurance;
- state fee when obtaining a Turkish title;
- services of a sworn translator.
In total, you will have to additionally spend about €600–650.
After paying all taxes and duties and submitting a package of documents, the Cadastral Department begins re-registration of the TAPU. As soon as the new certificate in your name is ready, you will receive an SMS notification about the date of its issue.
Resume and offer of assistance from Point Property Real Estate Agency
Republic of Turkey – a promising resort country from the point of view of profitable investments in construction, acquisition of property and receiving passive income from rental or resale. The cost per square meter of housing is constantly growing, which encourages buyers from abroad not to postpone the purchase and sale transaction indefinitely. In addition, the Turkish government guarantees full and undivided ownership foreigners.
If you are planning to purchase Turkish real estate, contact the licensed Point Property agency. We knowhow to get a TAPU in Turkey in your name quickly and without risks, we will provide comprehensive support and assistance in choosing and purchasing liquid housing, as well as a wide range of after-sales services.
