Turkey real estate guide

Who Is Exempted From Property Tax? Persons who have a real estate title deed in their name such as residence, land, workplace or land are obliged to pay real estate tax. The property tax, which is calculated over the current value of the real estate, is paid to the municipalities in two installments per year or in one go. However, some people who own real estate are exempt from paying property tax....

If there is a tenant in the purchased house, how does the process work? If a house is purchased with a tenant already living in it, certain procedures must be followed in order to evict the tenant. These procedures are set by law and the new landlord must comply with the law to avoid any conflicts. In case of disagreement with the tenant, legal remedies are open for both parties. The parties can apply to...

How is Compulsory DASK Insurance Made? TCIP, which is an earthquake insurance, is a kind of policy that became compulsory after the 17 August 1999 Marmara Earthquake. Accordingly, every home owner is required to have earthquake insurance. What is TCIP? Natural Catastrophe Insurance Institution, namely TCIP, is a kind of non-profit official insurance institution. It covers the material damages that...

What are the Benefits of Housing Insurance? Housing insurance is a type of optional insurance that secures the house and/or the goods in it against certain dangers. With this insurance, you can cover material damages by protecting your house, belongings and building against disasters such as fire, earthquake or tornado. If the damage to your home or belongings is within the general conditions of the...

What should be done after buying a house? Real estate purchased; It brings with it works such as deed transactions and notification to the municipality after the sale of the house. There are also costs such as property tax payments. After the purchasing process is completed, the whole process must be thought out and planned down to the smallest detail. Title Deed Fees First After the sale of the real...

Is Property Tax Payable in Urban Transformation? Buildings that are likely to collapse or be severely damaged in the event of a natural disaster are called risky structures. These buildings, which are given risky construction certificate as a result of technical examinations, are demolished. There are some special practices regarding taxes and other mandatory payments for buildings that can be demolished...

What is Valuable Housing Tax? According to the bill adopted in 2019, the value housing tax must be paid on housing valued at more than 5 million Turkish liras. Residential property owners who exceed 5,000,000 TL in 2020 bear the value housing tax and will declare and pay the value housing tax in 2021. The properties that will be subject to the value housing tax are determined by the General Directorate of...

What is Urban Transformation Loan and How to Get It? Urban transformation loan is a bank loan that can be used by people who want to rebuild their residence or workplace, which is determined to be a risky structure. According to Article 7 of the Law on Transformation of Areas Under Disaster Risk No. 6306, interest support is given to this bank loan used by people who want to renew their residence or...

What is the Real Estate Acquisition Fee? acquisition; Acquisition is a term that means acquisition. In real estate, an acquisition is the official acquisition of real estate by a person. According to Article 705 of the Civil Code No. 4721, the acquisition of real estate, that is, the acquisition of ownership, is by registration. Registration is carried out through the deed transfer process. The date on...

Urban Transformation Guide for Home Owners With the Law No. 6306 on Renewal of Buildings with Disaster Risk, adopted in 2012, urban transformation was initiated in all cities in Turkey. With the said law, state supports such as interest reduction, rental assistance and exemption from certain fees were granted to people who wanted to rebuild their real estate. Thus, the renovation of buildings in cities...