Real Estate Law Articles and News in Turkey
The total value of the bank receipts evidencing payment must match the value of USD 250.000 taking into consideration the effective sale rate of the Central Bank of the Republic of Turkey applicable on the last business day preceding the date of payment. The values are given in the valuation report and the official [...]
It is possible to perform land registry procedures using the power of attorney issued by the Turkish Consulates abroad and the authorities competent to issue the power of attorney of the relevant country. However, the power of attorney must meet the criteria sought.
According to article 35 of the Land Registry Law No 2644, the list of the countries, whose citizens are eligible to acquire real estates in Turkey is not publicly available. It is possible to learn about the status regarding acquisition for the specific country in question from any directorate of ours.
Article 35 of the Land Registry Law No 2644 as amended by the Law No 6302 stipulates that “Natural persons of foreign origin, who are citizens of the countries as determined by the President, may acquire real estates and limited rights in rem, in cases where it is necessary for the country’s benefits and [...]
The right to property is the essence of all rights. For this reason, the nature and protection of the property right is also unique to itself. Absolute and unlimited property rights have caused legal difficulties in the realization of community benefit. The expansion of social rights and the increased involvement of the State in the [...]
Preliminary Real Estate Contract is type of agreement that can frequently be seen in practice. Under an Preliminary Real Estate Contract, the seller takes on the obligation to sell a particular property to the buyer and the buyer in return assumes the obligation to buy the property at particular a time and price permanently agreed. [...]
While the companies with foreign investment established in Turkey in accordance with the provisions of the Turkish Commercial Code and hence deemed to have Turkish nationality are not subject to any restrictions in the acquisition of real estates and limited real rights as a general rule, some exceptions to this rule are laid down with [...]
Third parties are not protected by the Court of Appeals related to the construction contract for land share when they trust in registration benefit of contractors. Because land owners’ interests are accepted that they need more protection than the other parties need. In conformity with this result, Constitutional Court made a decision related to a [...]
According to the Fees Code, the total rate of Title Deed Fee is 4 %. Both the purchaser and the seller are liable to pay the title deed fee as 2 % of the price of real estate (except Value Added Tax). However, according to the President Decision dated 30/12/2018 and numbered 535, the total [...]