By: mytapu webmaster | June 16, 2020

Due Diligence on Property Purchases in Turkey- Payments, Property, and Procedures June 2020
Due Diligence on Property Purchase, Procedures and Payments in Turkey June 2020

June 16, 2020 How to buy a property in a foreign country? The people selling the property – agents, developers, and the solicitors they recommend- will usually assure you there will be ‘no problem’. Should you believe them? They make it seem so simple. Just like home.

There will be similarities between your home country and a foreign country like Turkey when it comes to buying. The general principles are the same. And that’s were it ends. The details are different, and that’s where the danger lies.

The risks are associated with a different language, culture, legal system, and of course, property system, known as a cadastral system. It may be that in your home country many of these risks have been removed because the various aspects have been regulated, and standardised. The property system in Turkey is moving in that direction, too, but is not there yet. And for that reason the risks remain.

Consider that the legal system in Turkey is much more limited when it comes to consumer protection laws that will guard buyer’s interests. And much more limited when it comes to certain laws related to fraud. So a foreign buyer should beware the risks and take the necessary measures for protection. ‘Buyer beware’ applies as a good rule to follow.

The protection to follow at the very first stage, before negotiating any aspects of purchase terms, price, etc, is called Preliminary Due diligence, and is followed by the full due Diligence. Being diligent about all details is the care that is due to your capital for protection.

Due Diligence covers many aspects of the property, including checks on title, cadastral mapping, ownership, representation, permits, structural build quality, etc, and more. But due diligence also extend beyond checks simply on the property itself. Yes, if the permits re not right, it can take many months and several thousand Euro in penalty charges and fees to make the property legal. There is no way around that now, as the tax man in Turkey will tell you.

Due diligence extends also to the transaction. That means checks on the procedures; because these govern the way you commit your capital. And checks on the counter-parties, because these are the people that are representing themselves as having the ownership and /or authority to sell the property – do they? And due diligence also extend to the payments, because this is where your capital is at risk, and where your losses begin. For example, a little due diligence on the payment procedures related to reservation deposits reveals that simply making a payment as a reservation deposit will legally achieve nothing of what you might have been led to believe, because such a payment will not prevent the seller from selling to another party. There are additional liens that are required, to do that, and even so, nothing legally can compel a property owner to sell to a buyer.


With recent regulation foreign buyers are required to be provided with an eksper appraisal report before purchasing. This provides some relief, because the sale of property to foreigners in Turkey is un-regulated. To address the growing dis-satisfaction and complaints from ripped off foreign buyers; the government introduced this new measure. It is good, but it does not address all the risks. And more to the point, the eksper appraisal report only provides information, it does not tell whether that information is sufficient to satisfy various legal, insurance or financing requirements, and it s not a ‘seal of approval’ confirming the property is safe to buy. In addition, the report still needs to be translated into English, and then interpreted to understand whether the information provided is satisfactory for legal, insurance, a and financing purposes. The experts at mytapu provide this service, and others, related to eksper appraisal reports...


So yes there are plenty of risks that require investigation, and good stewardship to mitigate. The Transaction Managers at have been managing Due Diligence on residential and commercial property in Turkey for more than 20 years, and their experience, cadastral and legal knowledge, is the essential shield that protects a buyers capital, and peace of mind, to avoid the sleepless nights of nightmares so many foreign buyers in Turkey have experienced, after a purchase, relying on the assurances of the sellers, agents, lawyers etc.   


The best part about Due Diligence is that the fees charged by professionals can usually be recouped 2x or 3x in the amount saved on transaction expenses. Those are significant savings, on a purchase of Eur 50,000 of about EUR 3-7,000, and on a citizenship purchase of $250,000 can amount to $15 – 40,000. These savings achieved by good due diligence can cover the cost of furnishings, and contribute to ensuring the re-sale value of the property is not less than what was paid, as has been the case of more than 90% of foreign buyers in Turkey that purchased without good due diligence.


Contact us today at info@mytapu.comadd your WhatsApp or Viber number to request a call back.

Caveat emptor...!


Additional Reading for Buyers:

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey


The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 


Property Price Histories in Turkey

 All Articles

Where to Buy Property in Turkey ? The Search Begins at Online Portals…

Property for Sale in Turkey by Owner

How to Buy or Sell Turkish Property Remotely OnLine without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…


Be the first to comment ...

Post a Comment


Buy Property in Turkey

Sell Property in Turkey

Legal Advice for Turkish Property

Mortgages in Turkey

Property Insurance forTurkey

What Does My Tapu Say

Eksper Rapor and Appraisals

Turkey Property Legal Advice

Eksper Rapor Appraisals

Habitation Certificate






Turkey Property Tax

Turkey Rental Income Tax

Digital Marketing at mytapu

Selling Property in Turkey

mytapu com

buying property in Turkey

finding property in Turkey

Turkish Vilas

Turkish Lira exchange rates

property show case

sell real estate


Show case

kat irtifaki

kat mulkiyeti

Holiday home rentals

Rental Income in Lira


Government Habitation Amnesty

Property habitation permits Habitation certificate

Iskan Habitation Fines

Kat İrtifaklı

Yapı Kayıt Belgesi

Property habitation permits

Habitation certificate

Habitation Fines

Kat İrtifakı





Real Estate

Transaction Management

Property Investment Citizenship


property finders in Istanbul Turkey


Digital Services Real Estate Property istanbul Turkey

buying real estate in turkey

buying procedure

buying real estate property Istanbul Turkey

Property Finder

Real Estate Sourcing

Property Search Sourcing


Legal Case Management

Legal Oversight






Buying Property in Turkey

Reservation deposits

Foreign Buyers



Profit Margins

Housing Activity



Lifestyle Investment Property

The Best Way for buying property in Turkey

on-line portals

on-line markets

online exchanges

Independent Impartial Advice for Property and Real Estate in Turkey

Property Turkey

Buy property in Dalyan

Free Guide

Owner s Tool Kit

Yapi Kayit Belgesi


Investment services for buying property and residential real estate in Istanbul and Turkey

Property Investment in Turkey

Покупка и продажа недвижимости в Стамбуле и Турции

Turkish Mortgages

Property Prices in Turkey

Property Prices in Istanbul and Turkey

low appraisal valuations in Turkey

Buy Property Bargains in Turkey

Property Market Price Trends

Eksper appraisal valuation property reports Istanbul Turkey

Tags inward investment promotion

international collaboration

TV Film Production costs

TV Film production centres

Foreign capital flow

Istanbul real estate investment

Turkey’s Citizenship Investment Program

Rise of Empires Ottoman

Emre C Sahin

Tuba Buykustun

Damla Sonmez

Cem Yigit Uzumoglu

Eva Dedova

Ryan OL


turkdizi turkishdrama turkishseries actor turkishactors movies الهلال النصر لقطة اليوم

Turkey Citizenship Investment

Citizenship Investment Turkey

2nd passport

second passport

no tax

no residency requirement

apply without travelling

apply without visiting

apply from home

apply remotely

propertyturkey tax notax 2ndpassport

The Guide to Buying Property in Turkey

Investment in Turkey

Long-Short Market Neutral Alpha Tilt Investment Hedge Fund