Before you decide to buy a property in Turkey, it is worth organising a site survey so that you can find out what the status of your property is. This will give you the information you need to protect yourself from any legal implications that could trip you up further down the line or result in your property being demolished.
1. To discover who actually owns the property or the land
This is one of the most important things to consider before signing on the dotted line. You or a Turkish native speaker should always go through the ownership details to make sure that the person who you think owns the property is actually the owner. Many people have been caught out as a result of not making these simple checks. TAM can help you with all the paperwork and we have can offer an expert service in this regard.
2. To make sure that you can get hold of a TAPU
The one document you need that proves you actually own a property in Turkey is the TAPU. This is like a title deed which you would have in the UK and other countries.
3. To find out if there any existing issues with the property?
It is important to examine all the records associated with your chosen property to find out if anyone has an outstanding mortgage on it or if there are any other kinds of third party involvement. If you don’t check the records you will leave yourself open to others laying claim to part or all of your investment.
4. To find out more about Cadastral (ownership) Records
The cadastral records are important. They should be straightforward and feature the relevant zoning plans. The ‘Cadastral borders’ of a property should match the borders shown in the zoning plans.
5. To discover the zoning status of the property
It is worth finding out what the status of your property is. Ideally if you are a residential property investor, you don’t want to be buying a hotel or a building meant for office space.
6. Making sure the builder has a construction licence
If you don’t check this, then you could end up facing the possibility of your investment property being demolished at worst or at best costing you extra money because it may need to be modified in some way to conform to an existing construction licence.
Surveys are extremely useful and you can find out most of what you need to know by getting one done, but it is also worth noting that unless you use a trusted agent or advisor, it is worth visiting the property to have a look at the neighbourhood.
Ideally build relationships with local partners like us to ensure that you are investing your money wisely.
If you would like to find out more, give us a call or please leave your comments below.