Buying property in Turkey can be a safe and easy process provided buyers use the services of a reputable property developer, estate agent and/or solicitor. However recent developments in the Turkish market have encouraged the growth of opportunists, selling property from bars and even from the back of taxis. So just be cautious from whom you buy. At Mediterra, we provide a clear purchasing process to make sure you are informed throughout.
Non-Turkish nationals are allowed to buy property in Turkey providing it has a government Title Deed recorded at the Land Registry/Cadastral Office. Properties in many village areas have title deeds under a separate ownership system and can not be purchased freehold by foreigners at the time of writing.
After your visit to LaVanta you may reserve a Property by signing our Property Reservation Contract. This involves paying a deposit of 1500 Euros by Credit Card which will ‘hold’ the Property for you whilst you have time to read and agree on our Property Purchase Contract. If you wish to continue and buy the property this 1500 Euros is deducted from your first 30% down payment.
This deposit becomes binding and is non-refundable, but it is transferable if you decide on another property within the Project.
Upon your decision to purchase a property a down payment of 30 % should be completed to sign the final purchase contract. After the down payment is received, the buyer and seller will sign the contract which will include the terms and conditions of delivery, the payment plan and other agreed upon responsibilities. Payment plans can differ based on each project.
Title deeds will be given to buyers after all payments are completed. If the seller can not complete property constructions by the agreed upon time period, a monthly penalty will be awarded to the buyer. The seller agrees to assist the buyer at the title process at the Land Registration office.