Many Turkish citizens living abroad buy and sell real estate properties. In the last period, increases in
price have begun after Recep Tayyip Erdoğan(president of Türkiye) has announced the interest discount
on real estate loans. So, how could those living abroad sell their houses in Türkiye? Let’s see the details
together.
RISKS AND IMPORTANT MATTERS SHALL BE PAID ATTENTION DURING THE SALE
We could say that second-hand sales consist the significant proportion of real estate sales in Türkiye.
Despite the new buildings and constructions which are done swiftly, sales of second-handed real estate are
still high rated. Turkish citizens living abroad must look out for important matters and risks during the
sales. Otherwise they could bear with huge financial and legal burdens.
REAL ESTATE SALES VIA AGENCY
In order to land a sale, you can visit Türkiye to applicate individually or give a power of attorney so
process shall be completed by your attorneys.
NECESSARY PAPERS DURING THE SALE
Primarily, there shall be no attachments, interim injuctions or tax debt related to the real estate. In the
opposite case, you shall face problems in the Registry. Asked papers for sellers are: Original property
deeds or copies, identity card, passport, optionally tax clearance sertficiate, real estate value statement
which you can obtain from city hall and if you are given power of attorney, notarized original warrant of
attorney.
DO NOT FACE WITH HUGE AMOUNT OF TAX BURDEN
We have to indicate that if it hasn’t been 5 years since you bought the real estate, the sale you are trying to
land enter into commercial transaction. Due to being a commercial transaction, you are going to
encounter a heavy amount of tax debt. In order to overcome the circumstance you must get support from
experts. Under the favor of our expert team in Bursa who are specialized in public accountancy if you
want to eliminate the risk facing a huge amount of huge debt or tax penalty, you can contact with us.
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