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 [...]
Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey. The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for more than six months. Foreigners [...]
Foreigners from a number of countries, with Arabs taking the lead, are buying real estate in the eastern Black Sea region, which comes to the fore with tableland tourism. Attracting real estate investors particularly from the Gulf, a total of 2,842 houses were sold to foreigners with an increase of 155 percent from 2016. According [...]
Acquiring real estate of foreign real person and foreign legal person is ordered in the article 35 of Land Registry Law 2644. According to this; With the reservation of reciprocity and compliance with legal restrictions, foreign real person can acquire real estates, where falling under the real estate use or locality development plan in central [...]
