To formalize the transfer of ownership, it is necessary to perform a number of actions to prepare documents for state registration.
obtain an expert opinion on the cadastral value of the object;
obtain a tax number for an individual;
perform a translation of the passport with a sworn translator and notarize it;
fill out the personal data form.
From January 24, 2022, new rules for obtaining Tapu came into effect in Turkey.
After this date, all transactions that are made by foreigners must be made with the mandatory participation of the Turkish lira in the purchase process. It is necessary to make a currency exchange equal to at least the cadastral valuation of the property for the state currency - the Turkish lira. This exchange should be made at the bank. Exchange is allowed by both parties (buyer or seller). A certificate of the exchange must be presented to the Tapu Cadastral Chamber. Without this certificate, the registration of the transfer of ownership will be suspended until the required document is presented.
Now in simpler words. You buy an apartment, the cost of which is, say, 100,000 euros. This is the market price declared by the owner. The title document - Tapu - indicates a different figure, not 100 thousand euros. It is indicated in lira, not in dollars or euros, but in the state currency of the country - the Turkish lira. This figure means the cadastral value of the object according to state coefficients and may be half or even less of the declared market value of the seller. Help is needed for the value declared for sale. For more information on the new rules, you can check with our specialists, with respect INEST HOMES
