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July 11, 2019
Property taxes in Turkey

Many people who want to buy real estate in Turkey are asking a lot of questions about the taxes on the property. To whom and when to pay? .. Of course, it may be difficult to access the information accurately, either because it is not available in English or is not sufficiently clarified. The following is a simplified explanation of the taxes on property in Turkey from the date of purchase until the transfer of ownership.

Taxes when buying the property in Turkey:

1-  Title deed fees 'Tapu Harcı':
Paid one time when the ownership of the property is transferred to the new owner at Real Estate Registry Department, its amounts is 4% of the declared value of the property and falls to the seller and the buyer equally (2% to the seller and 2% to the buyer).

2- Value added tax 'KDV':
Is a tax imposed on different rates for all products in Turkey, the rate of VAT varies according to the product and ranges from 3 segments 1%, 8% and 18%.
With regard to value added tax on real estate is imposed according to the price per square meter of the property and is worth when the sale of the property, although the real estate with a net area of less than 150 square meters, the tax is applied at the minimum of 1%.
In order to attract foreign investments, the Turkish government abolished the value added tax on the sale of real estate to foreigners and Turkish citizens residing abroad for more than 6 months, according to certain conditions that must be achieved to benefit from the exemption, (the property must be new and be purchased from a construction company, and a pledge not to sell for one year from the date of purchase, and that the price of the property shall be transferred from abroad in foreign currency).

Taxes during owning the property in Turkey:

1- Immovable property tax 'Emlak vergisi':
Is an annual tax imposed on all types of real estate (housing, shop, agricultural land, etc.). This tax is paid to the municipality to which the property belongs.
This tax is payable in two installments during the year (for the current year). The first payment should be made within 3 months from 1 March to 31 May. The second payment must be made within one month from 1 to 30 November of each year. 
It should be noted that payments are not delayed for specified periods to avoid the accumulation of fines. Financial penalties are added to the amount of the tax by 1.4% per month in case of delay in payment during the previous periods of each year.
The value of the property tax varies according to the type and location of the property and is calculated as follows:

Property Type inside metropolitan municipalities outside metropolitan municipalities
housing 0.2 % of the value of the property 0.1 % of the value of the property
workplace 0.4 % of the value of the property 0.2 % of the value of the property
building land 0.6 % of the value of the property 0.3 % of the value of the property
land 0.2 % of the value of the property 0.1 % of the value of the property


It is noteworthy that there are some categories of taxpayers are exempt from property tax, such as families of martyrs, war victims and people with special needs, within the conditions regulated by law.

2- Environment tax 'Çevre Temizlik Vergisi':
- This tax shall be imposed on the built-up and inhabited properties (Houses, workplace ..), While the unbuilt land of all kinds and vacant real estate shall be exempted.
- The Occupant of property is the one Who is charged with paying this tax, whether it is the landlord or the lessee.
- Calculated based on the amount of water consumption in residential units as follows:

• Housing in the metropolitan municipalities (cities): 39 piasters per cubic meter consumption.

• Housing in other municipalities (outside cities) 29 piasters per cubic meter consumption .. (the amount of consumption is mentioned in the water bills).

- For workplace (shops, offices ...), a lump sum determined by the Ministry of Environment shall be paid according to the category of property and its location outside or inside the cities. To view these categories you can click on the link:  https://www.verginet.net/dtt/1/Cevre_Temizlik_Vergisi_Tutarlari.aspx
- This tax is paid to the municipality to which the property belongs in two installments, during the months of March and November of each year.

3- Rental return tax ' Kira gelir vergisi': 
Imposed on the owners of the leased properties, ie those who earn income from renting their properties. Are calculated according to the annual income tax rates mentioned in the previous table, after determining the amount of taxable net income and lowering the minimum income tax exemption of 4,400 Turkish lira for 2018 and 5400 Turkish lira for 2019. This tax shall be paid ta the Tax Department for the income of the current year in two installments during the months of March and July of the following year.
Note : this tax is only for those who rent their property for others , in case you dont rent it to any one , there will be no rent tax.
 

♦  Taxes when selling the property in Turkey:

1-  Value increment tax 'Değer artış kazancı vergisi':
Or it can be called real estate profits tax. Article 80 of the Turkish Income Tax Law regulates how this tax shall be deducted and its amount, This article states that: "If the ownership of the property is transferred from the owner's hand within a period of 5 years from the date of purchase, it is subject to the Value increment tax".
The same article excludes properties that are transferred from the owner's hands without the sale. It states: "If the ownership of the property is transferred without a paid allowance (inheritance, gift, etc.), it is not a subject to the Value increment tax". To simplify this tax we will explain it in the following points:

A) This tax shall be imposed on the value difference between the date of purchase of the property and the date of its sale, for example, a property purchased on 1/1/2016 in the amount of 200,000 Turkish lira, and sold on 1/1/2019 at 350,000 Turkish lira. Thus the amount of 150,000 Turkish lira is the amount of the increase in value, which will be subject to a calculation to determine the amount of tax.
B) If the property is sold after 5 years or more from the date of purchase (the date of purchase is the date of registration with the Tabu Department), it shall be exempt from this tax.
C) Real estate that is transferred without a Paid allowance such as inheritance and gift is also exempted from this tax.
D) The calculation of the amount of this tax goes through a somewhat complex process, where the real purchase price (the property purchase price in the currency value at the date of sale) should be determined to determine the real profit amount, in light of the inflation rate.
in addition to deducting some expenses and fees from the real profit amount, The amount of the tax exemption determined by the Income Department is also raised each year. At the end of this process we get the amount of taxable amount.
E) After determining the taxable value, the tax shall be deducted according to the annual income tax tranches, as follows:

 

The amount to be taxed Deduction rate
Less than 18,000 TL 15 %
From 18,000 TL to 40,000 TL 20 %
From 40,000 TL to 98,000 TL 27 %
more than 98,000 TL 35 %


F) The tax return for properties sold in a year (2018 for example) will be presented during the period from 1 to 25 March of the next year (2019). The tax should be paid at the Tax Department 'vergi dairesi' in two installments during the months of March and July of 2019.

2 - Inheritance and transfer tax 'Veraset ve İntikal Vergisi':
The inheritance tax includes all the deceased's money, but we will talk here about the real estate part of the inheritance.
This tax shall be imposed on immovable property situated within the territory of the Republic of Turkey and which is transferred by inheritance or without paid allowance such as gifts, prizes and donations.
The taxpayers are the heirs of the deceased. They must extract a Devolution of estate of the deceased and obtain tax id number for each of them. The tax declaration shall be submitted to the tax department within four months of the date of death (in case of death in Turkey, and the taxpayer is resident in Turkey), and within six months of the date of death (In the case of death outside Turkey or that the taxpayer was resident outside Turkey).
After Inventory of the estate of the deceased and determining the amount of the tax deduction, the tax shall be deducted according to the following rates:

 

The tax base Rate of inheritance tax Rate of gift tax
The first 290,000 TL 1 % 10 %
The next 700,000 TL 3 % 15 %
The next 1,500,000 TL 5 % 20 %
The next 2,700,000 TL 7 % 25 %
Exceeding the amount of 5.190.000 TL 10 % 30 %


The inheritance tax must be paid within a maximum period of 3 years from the due date. The amount of the tax can be paid in six equal installments payable in May and November of each of these three years.

- Note: the foreigner who owns a property in Turkey is treated as a Turkish citizen without imposing any additional fees or taxes. On the contrary, the foreigner may benefit from some facilities, in the desire of the government to encourage investment.
It remains to be mentioned that all information contained in the article is in force until the date of publication, and will be updated in the event of any amendments.


In case you have any other questions about property taxes in turkey , you may contact us.


Sources:
gelir idaresi başkanliği
verginet.net
hesapkurdu.com
emlakkulisi.com

 

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 
 

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July 08, 2019
Basın Express .. The destination of real estate investment in Turkey
There are many areas that we can call a business center in Istanbul, for example we have old trade centers like Şişli, Osman bey, and Laleli and many other places which is common among foreign investors as traditional business centers in Istanbul. On the other hand, we have modern economic centers, which have attracted major international companies such as "Maslak", for example.
Among these recent investment centers, which has proven its position recently, stands Basıs Express.
Basın Express is one of Istanbul's fastest growing areas after being announced by Istanbul Municipality with the neighboring region of Goüneşli as a center of high quality business and services.

Location:

Basin express is the axis which connects Mall of Istanbul (one of Turkey's largest shopping malls) north to Ataturk Airport and Fairgrounds South, so Basin Express is the axis which links the two main roads (E80 "TEM") north and (E5 "metrobüs path") south, and administratively linked to the municipality of Küçükçekmece.


Entrepreneurs and investors destination:

Basin Express has several advantages that make it a favorite destination for businessmen and investors who want to take Istanbul as a hub for their investments.
 
♦ Location & Transport: Basin Express is a major hub within Istanbul's highways network, which, as noted above, connects the two main roads E5 and E80, It is also connected northwards to the O7 highway, which reach Istanbul Airport (the world's largest airport) within 25 minutes by car. In addition to the nearby metro lines, where Basin Express can be easily reached by M3 metro line and Marmaray metro line.
♦ Home Office apartments: Construction companies within the area of Basin Express are interested in designing Home Office apartments within their projects, taking into consideration the desire of investors, Many Entrepreneurs who want to take basin express as a hub of their business will want to work and stay in the same area, which will save additional expenses at the start of their business.
Construction companies are also concerned with the luxury of buildings and provide the highest level of comfort and services.
♦ İSTOÇ Trade Center: Located at the intersection of Basin Express and TEM highway, is one of the largest Trade centers in Istanbul.
♦ Many facilities of interest to investors: Basin Express has branches of the world's largest hotels such as G Rotana, Holiday Inn and Hilton. Many banks are located in the region to facilitate financial transactions for investors. Several malls, the most famous of which are 'Mall of Istanbul' and 'Mall 212', in addition to hosting the major centers of many large Turkish and international companies.

 

What makes Basin Express one of the best real estate investment areas in Istanbul ??

♦ A steady increase in real estate prices: In the last three years, the Güneşli and Basin Express region has witnessed an increase of 35.8% in real estate prices. This is one of the highest rates of rising prices in Istanbul.
♦ High ROI: The towers on either side of Basin Express have a commercial character, whether in the form of office buildings, residences and 5-star hotels, It is known that the rental income of commercial properties is higher than the residential properties. The average annual rental income in the area of Basin Express is about 6% of the value of the property annually.
Also many construction companies in the region are providing high rental returns to investors, for example the Chinese world Hotel Network (Wanda Vista), which has taken from Basin Express a hub to open its first branch in Istanbul, Has recently launched a special 20-year profit guarantee offer (with fixed return 10% yearly of property value for the first 3 years). 
 

Check our listed properties in Basin Express region as with a huge selection for apartments for sale in Basin Express  :

Apartments For Sale in Basinexpress Istanbul 

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July 03, 2019
Properties rental rates rise in Turkey during July 2019

Inflation rates have been announced by the Turkey Statistical Institute. Thus, the rent increase rates for July 2019 were announced. Here are the rent growth rates in July 2019 ..

Tenants who wish to renew the annual lease will have to pay an increase in rents. This increase is calculated under the law of obligations. Under this law, the rate of increase of rents on tenants can not exceed the producer price index rates. 

In 2018, due to the negative effects of the rise in inflation rates on rents, the rent increase calculation method was changed.
The Medium Term Economy Program (2019-2021) prepared by the Ministry of Treasury and Finance and the Strategy Budget Department was announced last September. According to the New Economy Package, rent increase can no longer be calculated according to producer price index rates, the upper limit of the rent increase rate will be calculated according to consumer price index rates.

According to these changes, the provisions of the Turkish law of Obligations will be applied on the basis of the average annual rate of change of the consumer price index on new leases and on those that will be renewed.
Inflation rates are reported monthly by the Turkish Statistical Institute.

Rates of increase of rent for real estate for July 2019:

As of today, it has become clear how much increase will be applied on the tenants whose housing or business lease agreement is renewed this month.Consumer price index up 0.03 percent on this month and Domestic producer price index increased by 0.09 percent. 

for Consumer price index (Tüketici fiyat endeksi "TÜFE"): (2003=100) In June 2019, there has been an increase of 0.03 percent compared to the previous month, 5.01 percent compared to December of the previous year, 15.72% compared to the same month of the previous year and 19.88 percent on the averages of twelve months basis.

for Domestic producer price index (Yurt içi üretici fiyat endeksi "Yİ-ÜFE"): In June 2019, it has increased by 0,09 percent compared to the previous month, 8,09 percent compared to December of the previous year, 25,04 percent compared to the same month of the previous year and 32,81 percent compared to the averages of twelve months.

Accordingly, the properties owners will be allowed to raise the Rental allowance by 19.88 percent.

Example:
Current rental: 1000 TL
Rate of rise: 19.88 %
Rise value: 198 TL
Rent after rise: 1198 TL.

the source: emlakkulisi.com
 

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

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July 02, 2019
Istanbul Gardens .. The city lungs and inhabitants breather
Istanbul is famous for its magnificent gardens, which are a haven for the people on weekends and holidays. The care given by the municipalities to these parks makes it an important landmark in the city and a destination for tourists from all over the world.
Of course we can not mention all these gardens into one article, so we will review with you in this article a number of the most famous gardens in Istanbul.
 
♦ Gülhane Park:
we can't talk about parks in Istanbul without putting Gulhane at the top of the list, it is already the most famous park in the city.
Gülhane or "House of roses" was created after the decision of the Ottoman organizations in 1839 under the reign of Sultan Abdul Majeed I, It was then a private garden of the palace of the Sultans dedicated to the inhabitants of the palace and their guests. Later in 1912 the park was opened to the public where it was possible to visit and stroll in. In 1926, the first statue of Mustafa Kemal Ataturk was built in the garden.
The park has undergone a number of changes since its establishment to the present time, where it was for a time a zoo, then changed this decision and the park was restored as a garden of plants and strolling.
Gülhane is located now in "Fatih" district, and it stretches along a small hill in the backyard of Istanbul's famous Topkapı Palace.
 
♦ Yıldız Park:
Yıldız Park is just as beautiful as its Gülhane, and it is also one of the palaces gardens of the Ottoman sultans.
The garden belonged to Yildiz Palace overlooking the Bosphorus, built during the reign of Sultan Abdul Majeed II at the end of the 19th century. During the reign of Sultan Abdul Hamid II, who was interested in landscaping, the park was expanded and decorated with beautiful fountains and various types of flowers.
The garden is currently filled with various types of trees, shrubs and flowers, which were imported from around the world, and some of these trees return to the Ottoman era.
The park is already a great place to relax, where only the sounds of birds are heard. The garden also has a restaurant (a Pavilion in the past) situated on a hilltop and offers great views of the Bosphorus.
The park is located in Yıldız quarter in Beşiktaş district, between the palaces of Yıldız and Çırağan.
 
♦ Emirgan Park:
One of the largest and most beautiful public parks in Turkey and the world, spread over an area of 470 thousand square meters, It was established in the reign of Sultan Murad IV and was bought by Khedive Ismail Pasha, who was governor of the Ottomans to Egypt and Sudan.
Emirgan Park contains more than 120 varieties of plants and flowers, and is known for its tulip, which planted in April every year hundreds of thousands of it in the garden, in different colors and species, giving the garden a beautiful view. The park also has many rare trees and visitors can also see squirrels that inhabit the garden trees. In the middle of the garden there are two ceramic pools, along with a number of tables, fountains and industrial waterfalls.
The garden contains three palaces built during the reign of the Khedive Ismail, the white, pink and yellow palace, and served as places of recreation. They are now used as restaurants and cafés. The Brides visit the garden frequently to take photos and share the family's breakfast or lunch.
The park is located in the district of "Sarıyer" in the northernmost part of Istanbul.
 
♦ Maçka Democracy Park:
This park is a breather for residents of Shishli district of central Istanbul. It is not only a park but also a recreational place with walking trails, children's play areas, and also a gym. You can enjoy the park from the top if you wish, by riding a "cable car" (TF1: Maçka - Taşkışla) that passes over the park.
Maçka Park is located in Şişli district in Istanbul, and extends from Harbiye Neighborhood north to the Vodafone Stadium (The headquarters of famous Beşiktal Club) south.
 
♦ Mihrabat Korusu:
while you are sitting in this garden among greenery, sipping your coffee, You can enjoy a direct view of the Bosphorus, the "Fatih sultan mehmet" bridge and Rumelı Castle.
This park is located in the district of "Beykoz" in Istanbul, at the junction of the Fatih sultan mehmet bridge with the anatolian part of the city.
 
♦ Polonezköy tabiat parkı:
It is actually a forest rather than a garden, located next to the village of Polonez, and is about 45 minutes from the city center of Istanbul. This park is very quiet and is covered with vast green spaces. Polonez is an agricultural village that in recent years has become an open holiday resort.
The village of Polonez has plenty of barbecue places, also has a number of traditional small hotels, where you can spend several days away from the hustle of the city, enjoying the magical atmosphere. It is also suitable for those who like horseback riding, and wandering through the forests.
Polonezköy is located in the district of "Beykoz" in the anatolian part of Istanbul.
 
♦ Istanbul Zoo "Faruk Yalçın Hayvanat Bahçesi ve Botanik Parkı":
Istanbul's zoo is one of the most beautiful and attractive of Istanbul's gardens, with a rare variety of wild animals of 135 species, such as crocodiles, turtles, bears, lions, etc., as well as more than 250 species of rare plants and trees.
The zoo is named after its founder, businessman "Faruk Yalçın". It is actuly located in "Kocaeli" state not Istanbul, but it is very easy to reach it from Istanbul after the opening of the Marmaray metro line, where the metro station is less than 2 km away from the zoo.
The zoo welcomes visitors from 9:00 am to 17:30 pm, entry ticket is about 35 Turkish liras and free entry for children under five.


 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more
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June 26, 2019
Beylikdüzü .. The most beautiful sea view in Istanbul

Beylikdüzü is one of the largest districts in Istanbul, located in the southwestern part of the city, with a distinctive view of the Sea of Marmara.
Beylikdüzü's area is 39 square km, it is 28 km away from the center of Istanbul, and is 109 meters above sea level, consisting of 12 districts.
In the past, in the days of the Ottoman Empire, Beylikdüzü was a place frequented by gentlemen and princes for hunting and recreation. It was a simple plain covered with poplar (Kavak in Turkish) and was therefore formerly called "Kafakali".
Later, after the establishment of the Turkish Republic, and to this days, Istanbul gradually expanded from the center of the city until it reached Beylikdüzü.
The municipality of Beylikdüzü has given great importance to urbanization, but not at the expense of the rich nature of the region.
Beylikdüzü is bordered on the east by the municipality of (Avcılr) and on the north by the municipalities of (Esenyurt) and (Büyükçekmece), separated by the E5 highway from which the "Metrobüs" line passes. and It is bordered to the west and south by the Sea of Marmara.
The following link shows Beylikdüzü's map: Click Here 

What distinguishes Beylikdüzü?
♦ The coast:
Beylikdüzü has a 14 km coastline, Includes swimming areas (sandy beach) and picnic areas (rocky beaches), also on this coast lies the largest marina in Istanbul "west marina".
The municipality is paying great attention to this coastal in terms of cleanliness and continuous development. This has led many large construction companies in Turkey to establish high quality housing projects in this area, which will give their residents an amazing view of the Sea of Marmara.
The municipality also requires that the height of buildings near the coastline not exceed four floors.

♦ Calm environment:
If you visit Beylikdüzü or stay there for a while you will notice that it is one of the most quiet areas of Istanbul. The area is far from the noise of the city and the bustling traffic, and this calm with its proximity to the coast of the Sea of Marmara, gives an atmosphere of tranquility to the region in general and this is one of the reasons that makes it a destination for Those who like calm and relaxation.

♦ Distinctive residential environment:
The population of Beylikdüzü is 331,500 people, with a population growth rate of 5.36% per year. Families constitute the largest segment of the population, most of them of the middle class. The nature of the geographical area and the distance from the bustle of the city reflect positively on the nature of the population.

♦ Suitable prices:
The real estate prices in Belek Dozo are relatively low compared to other municipalities in Istanbul, considering the advantages available within the region. The average price per square meter within the modern residential projects is about 5500 Turkish liras (increasing or decreasing according to the location of the project, the building View, and the quality of the Finishing).
It is also one of the fastest-growing areas in the real estate sector, with real estate prices growing by 14.4% over the past three years.

♦ Transportation:
The most important transport in Beylikdüzü is the "Metrobüs" (Express Bus), which runs from the far west to the far east of Istanbul and reaches the Anatolian side of the city.
in addition to a network of buses lines "Otobüs" linking Beylikdüzü to neighboring areas.
The Sea Taxi Project (Ido) will open soon, Which will connect Beylikdüzü with several areas of Istanbul, in addition to Yalova, Bursa and Princess Islands.


Taksim Real Estate's advice:
In fact, not all positive points can be avilable in one area in Istanbul, every area has its advantages and disadvantages. In our view, Beylikdüzü is a very suitable area to live in, in terms of nature, services and its acceptable prices , but it is far from the city center and the metro line will reach Beylikdüzü by 2023.
So we recommend to purchase a car if you want to live in Beylikdüzü and work in another region.

In conclusion, here are our distinctive properties in Beylikdüzü , apartments for sale in Belek Dozo:

Apartments For Sale In Beylikduzu Istanbul 

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June 24, 2019
The types and content of Title deed of real estate in Turkey (Tabu)

The Directorate of Real Estate Registry (Tabu) is the authority responsible for documenting and registering real estate of all kinds in all the territory of the Republic of Turkey, This Directorate records records for each property the country. This record includes information about the location of the property, its boundaries, its area, the description of the property in detail, In addition to the name of the owner of the property and All rights related to this it (mortgage, utilization and other real estate rights).

The owner of the property is entitled to obtain a document attesting to his ownership of this property, which is the legal document proving his right in this property. This document in Turkey is called "Tapu senedi".
This document has several different types, and these types vary in their power as a legal guarantee by the owner of the property. Therefore, those wishing to invest in real estate in Turkey should be aware of the types of the Tapu.

In the beginning, it is necessary to distinguish one of these title deeds or so-called agricultural tabu. This title deed is characterized by its blue color. It is therefore called "blue tabu". It is the title deed for real estate that did not fall under the urban planning scheme (called agricultural land). While the title deeds of real estate within the regulatory area of all types (apartment, villa, shop, land intended for construction) have a red color.

Here are different types of title deed :

1- freehold property title deed "Kat Mülkiyeti":
legally It is considered the strongest type of title deeds, and it Regards to Fully built properties, which each owner have been assigned in a specific part of it, and the property has met all the licenses and conditions required.

2- construction servitude title deed  "Kat irtifakı":
Is the title deed of properties that has not been built on, or that the construction works started but not yet finished. Often the real estate developer or contractor to extract this type of Tabu, and intended to determine the rights of owners in the property, but without the allocation of any of them a specific section of this property.
The construction servitude condition of the property continues throughout the construction period until the housing permit is issued. The law requires the transfer of ownership from the construction servitude of property to full ownership.
(The housing permit) is the approval issued by the concerned municipality in which the real estate is located for the buildings that are constructed according to specified criteria, proving that the building has been constructed as stated in the approved construction project.
The standards imposed by the State or its competent authorities in order to obtain housing permit, such as the presence of fire and emergency stairs, the construction must be earthquake-proof, and contain sufficient fire extinguishers in the building and other necessary supplies.
The contractor or construction company must obtain the housing permit, and must convert all buyers' construction servitude titles "Kat irtifakı" into full property title deeds "Kat Mülkiyeti" after obtaining the housing permit. It is very important to obtain the housing permit in order to guarantee the right of the owners in the building.

3- joint-owned property title deed "Hisseli Tapu":
Means the title deed of the property owned by more than one person at a time, where the proportion of each partner mentioned in front of his name in the title deed, It should be noted that this title deed is granted only once to one of the owners and the percentage of each owner is recorded in it.

What information is contained in the title deed ?
The Tabu consists of several boxes containing detailed information as follow:
1- province "ili"
2- district  "ilçe"
3- neighborhood "Mahallesi"
4- block "Ada"
5- parcel "parsel"
6- Floor "Kat"
7- building number "building"
8-  single space number "Bağımsız Blm No"

Note: Do not mention on the Tabu document any problems that may occur in the property (mortgage or heirs or so) so make sure to check The Directorate of Real Estate Registry before making the purchase and not just rely on the title deed.
In case you have any other questions about title deeds in turkey , please contact us.


 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more
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June 19, 2019
250 thousand new housing units by 2023

"We have created resources to finance our projects during the current year worth 16 billion Turkish liras, of which 5 billion were paid during the first five months of the year"

This statement was made by Mr. Ömer Bulut, head of Public Housing Development Administration at the Ministry of Environment and Urban Development of Turkey (TOKI) in an interview with the Anatolia Agency yesterday.
Mr. Bulut added that, through non-profit collective housing projects, we have been able to enable low-income families to own a home.
Commenting on the effective contribution of TOKI to the economy and job creation, Mr. Bulut said: "We have been able to provide resources to finance our projects worth 16 billion Turkish liras this year 2019, of which 5 billion have already been paid during the first five months of the year."
"Constructions is still underway within the scope of the "50 Thousand Social Housing Project", which we are seeking to achieve with the support of our ministry, We will add 140 new construction sites to our existing 287 construction sites, which will save about 120,000 new jobs" said TOKI President.

3.5 million citizens will become homeowners:
Mr. Bulut explained how TOKI was able, within 16 years, by reaching 843,546 new homes and by Providing the possibility of installment for 15-20 years to make 3.5 million citizens as homeowners. He added that the volume of TOKI investments during the last 16 years amounted to 160 billion Turkish lira, and that it will direct its efforts during the coming period to build Public housing.

With regard to the project (the 50 thousand social housing) Bulut explained that the project was put to the public subscription on 5 March last and closed the reception of applications on 19 April, Applicants will be selected by lot, where the draw will continue until the next 21 August.
As of today, we have completed drawing lots of 15 thousand 125 houses in 34 projects. The tender for 10 thousand 271 houses was completed in 18 projects and their construction is about to begin. In 8 projects, 1686 houses entered the tender process.

250 thousand housing units until 2023:
Stating that TOKİ will produce houses in horizontal architectural style in all of its projects as in recent years and that the neighborhood culture will be kept in the forefront, Mr.Bulut stated that "As TOKİ, in residential areas and general city plans, in line with the urbanism criteria of our President, we will produce houses with a horizontal architectural approach that will keep the neighborhood culture alive, bring our citizens together with nature, and keep the family and neighborhood relations alive."

As part of the objectives of the Ministry of administration by 2023 will implement 250 thousand social housing, Mr. bulut said.

Source:
emlakkulisi.com


 

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June 18, 2019
5 must visited places in Istanbul

The monuments and cultural events are spread throughout Istanbul, Many of these landmarks have gained wide popularity and become a destination for anyone visiting Istanbul. However, there are many landmarks that are overlooked by many who visit Istanbul, although they contain many features that characterize the city and chronicle stages of its life.
Here are some of these landmarks that must be visited by anyone traveling to Istanbul:

♦ Little Hagia Sophia mosque (Küçük Ayasofya Camii):
This mosque is a miniature version of Hagia Sophia,
This building during the Byzantine rule of Istanbul was a church called "The Church of Saints Sergius and Bakhos", and was converted into a mosque during the Ottoman rule of the city, while preserving its internal and external form.
The mosque is located in an area called (KumKapı) in the municipality of "Fatih" in Istanbul.

♦ Rüstem Paşa Mosque (Rüstem Paşa Camii):
This Grand Mosque was built by the great Ottoman architect (Mimar Sinan). It was named for "Rüstem Paşa", who served as the supreme minister during the reign of "Suleiman the Magnificent". He is also the husband of his daughter "Mihrimah sultan"
This mosque is characterized by distinctive motifs that cover its walls. These motifs vary widely to about 80 different styles, the entire ceramic was made in the town of "Iznik" (which also known by its ancient name Nicaea) in Bursa state , which is famous for this distinctive color of blue ceramic.
The mosque is located in a neighborhood called (Tahtakale) in the municipality of Fatih in Istanbul.

♦ Carpet Museum (Halı Müzesi) :
The carpet museum is located in a magnificent Baroque building, part of the Hagia Sophia complex.
The first hall of the museum houses an early-fashioned Anatolian carpets,which characterized by abstract geometric designs, The second hall includes carpets dating back to the 19th century, while the third showroom includes the most impressive carpets dating back to the 16th and 17th centuries and carpets from the blue mosque and the Mosque of Sulaymaniyah.

♦ Miniature park of Turkey (Miniatürk):
Miniatürk is a miniature park with the most famous landmarks of Turkey in the form of miniatures, as well as interpretations of historic structures.
Opened in 2003, this park covers an area of 60,000 square meters and is one of the largest miniature gardens in the world, It has 122 archeological sites in Turkey.
The park is located on the north-eastern side of the Golden Horn and is located in the municipality of Beyoğlu in Istanbul.

♦ (Madame Tussauds Istanbul):
This museum is one of the Madame Tussauds series of wax museums.
The museum has sculptures of wax for celebrities from all over the world, as well as sculptures of Turkish celebrities (politicians, artists, athletes ...).
This museum is considered a destination for many tourists who want to take Photos with celebrities, and It is located in Beyoğlu district ın Istanbul.

 

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

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