The Ultimate Guide to Acquiring a Turkish Title Deed (TAPU) with Estates Istanbul

Navigating the world of property ownership in Turkey? Let’s simplify it for you. A Turkish title deed, fondly referred to as TAPU in local lingo, is your golden ticket to authentic property ownership in this mesmerizing nation. This deed vouches for your ownership, with details about the property and its owner clearly outlined. The TAPU and Cadastre General Directorate is responsible for ensuring every title deed is systematically registered and archived.

Understanding the TAPU Transfer Process

Stepping into Turkish real estate? It’s vital you’re well-versed with the title deed transfer process, including potential obstacles.

Hiring a Local Lawyer: Given the complexities of property laws, especially if you’re targeting citizenship through property purchase, it’s wise to engage a lawyer. They ensure you sidestep legal pitfalls.

Estates Istanbul’s Assistance: While we can connect you with skilled property solicitors in Turkey, our comprehensive property assistance package ensures a hassle-free purchase from A to Z.

Types of TAPU: What Should You Know?

Blue TAPU:

• Land Ownership: This is exclusive to land titles, excluding any structures on it.
• Shared Ownership: Such a TAPU signifies shared ownership in a development. If it relates to a complex of multiple dwellings, your title might say you own one unit out of, say, 20. It’s crucial to note that properties with such titles cannot be mortgaged.

Red TAPU:

It represents full ownership of a specific property, e.g., “House No 45”, not just a portion of a bigger property.

The Red TAPU has two categories:

• Kat Irtifaki: Denoting a developing project, this title sheds light on how units are divided in a project.
• Kat Mulkiyeti: Upon a project’s completion and post official inspection, the title is upgraded to this, allowing utility connections. This is proof that the property has been approved by the city’s planning department. Always prioritize this title; it saves you from future selling difficulties.

Evaluating Your Turkish Title Deed

Before taking the leap, inspect the title deed thoroughly. You (or your lawyer with power of attorney) should assess for any mortgages, restrictions, or charges against the title.

Costs Involved in TAPU Transactions

Title Deed Transfer Fee: Essentially a stamp duty tax, this is 4% of the property’s purchase price. Typically, the seller states the sales value, and the buyer handles the fee. For Brand New Projects from the developer seller and buyer share the cost of the property title deed tax as 2% and 2%

Steps to Obtain Your TAPU

• Book an appointment at the local title deed office. Remember to have your passport and ID.
• Agree on a transaction value with the other party to determine the stamp duty.
• Handle the stamp duty via a wire transfer.
• The seller acknowledges the payment and transfers the title.
• You, as the buyer, sign to accept the title and any potential charges on it.
• Congratulations! You’ll receive the title deed in your name.

TAPU & Citizenship via Investment

Turkey offers passports for those willing to invest at least $400,000 in its real estate. If you’re aiming for this, a stipulation prevents the property’s sale for three years. Ensure the property you’re eyeing is devoid of mortgages or other charges.

For any more insights on Turkish title deeds or other property-related queries, feel free to connect with Estates Istanbul. We’re here to guide you every step of the way!