Turkey Property Buying Guide

What is Property Tax and When Is It Paid? The type of tax levied on the land or building owned by the person is called property tax. According to the Real Estate Tax Law No. 1319, all buildings within the borders of the country are subject to building tax and lands are subject to land tax. The owner of the land or the building, the usufruct owner, if any, or both, if not both, those who use the real...

What is the Right of Easement? The right of limited use to a real estate owner on another real estate is called easement. According to Article 779 of the Turkish Civil Code No. 4271, the right of easement is established in favor of one immovable on another immovable. The right of easement restricts a person's right to use the real estate or imposes an obligation to use the real estate in a certain way....

How to Get Urban Transformation Rent Aid? According to the Law No. 6306 on Transformation of Areas Under Disaster Risk, the real estates that are determined to be in the disaster area are taken into the framework of urban transformation and are demolished and reconstructed. In order to prevent real estate owners and tenants from being victimized during the rebuilding process, urban transformation rental...

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...