Investing in real estate in Turkey has become increasingly attractive for foreign buyers. With its strategic location, growing economy, and vibrant lifestyle, Turkey offers numerous opportunities. However, conducting proper due diligence before purchasing any property is essential to safeguard your investment and ensure legal compliance.
What is Real Estate Due Diligence?
Real estate due diligence is a legal and technical investigation process that helps buyers verify whether a property is free of legal issues, financial liabilities, or structural risks. In Turkey, this process is crucial for foreign investors unfamiliar with local regulations.
Why Due Diligence Matters in Turkey
- Title Deed Verification (TAPU): Confirm that the seller is the legal owner and the property is registered properly.
- Encumbrance Check: Identify mortgages, liens, tax debts, or seizure orders on the property.
- Zoning and Construction Status: Ensure the property complies with municipal zoning and construction regulations.
- Occupancy Permit (Iskan): Verify if the property has an official habitation license from the municipality.
- Legal Disputes: Confirm that the property is not subject to ongoing litigation or inheritance conflicts.
Key Steps of Property Due Diligence
- Appoint a Turkish Property Lawyer: Engage a qualified Turkish lawyer to represent your interests and perform legal checks.
- Title Deed Search: Review TAPU records at the Land Registry Office.
- Municipality Checks: Verify zoning plans, building permits, and occupancy certificates.
- Debt and Tax Review: Investigate outstanding taxes or utility bills tied to the property.
- Drafting Secure Contracts: Prepare a sale agreement with legal guarantees, including penalty clauses and payment schedules.
How a Turkish Law Firm Can Help
Our Turkish law firm specializes in real estate law and offers tailored legal consultancy for foreign buyers. With our team of English-speaking Turkish lawyers, we ensure the property you plan to purchase is legally secure and risk-free.
At Istanbul Lawyer Firm, we assist with:
- Title deed verification
- Property dispute resolution
- Power of attorney setup
- Legal contract drafting
- Real estate investment for Turkish citizenship
Read our previous article: Buying Property in Turkey