The transfer process is carried out through a title deed (Tapu in Turkish). Once you have signed all the sales and transfer documents, all the necessary documents are forwarded to the Title Deeds Registry Office by our agent partner in turkey. Unless you appoint a Power of Attorney, you will need to be present for title deed transfer personally. Both the seller and buyer (or person acting as your proxy) meet at the Title Deeds Office at the appointed time. And title deed transfer takes place in the presence of a sworn translator.
The process of title deed transfer is as follows;
• All the documents needed for registering the property transfer are prepared.
• After the documents are prepared, all the necessary information is forwarded to the Title Deeds Registry Office.
• On the day of transfer, the buyer pays all the amount and the office gets the ownership of the property.
Foreigners usually complete the process of title deed transfer in roughly 3 to 5 days, because of money transfer from foreign accounts. After signing title deeds, we help you to transfer subscriptions like water, gas and electricity from the previous owner on your name. This is done very easily, safely and quickly.
Property Insurance in İstanbul , Turkey
You want to enjoy the benefits of property ownership in Turkey. You can make sure that you can truly relax with this insurance package. Property insurance in İstanbul , Turkey secures your home in one insurance policy from fire to flood, theft to earthquake. This package has many extra covers compared to the standard property insurance product.
Property Insurance Covers Damages from;
Fire, lightning, explosion, theft, strike, riot, civil commotion, flood, vehicle and aircraft impact, internal water, smoke, storm, heavy snow, landslide, inflation, common property cover, painting and white wash made by tenants, direct damage from fuel leaking’s, accidental breakage for home furnishings, personal accident insurance, third party liability insurance , private sport equipment’s insurance, insurance for legal protection, removing expenses, rent cover and expenses for post-earthquake, covers for outdoor trees and decoration plants, new value clause for home furnishing, home and emergency assistance.
Optional Choices of Property Insurance in Turkey;
Earthquake and volcanic eruption, sea vehicles impact, glass breakdown, electronic equipment insurance, liability arising from fire, explosion, loss of rent, expenses for the removing your place because of loss, liability arising from fire and explosion.
1 bedroom apartment about 90 Euro
2 bedroom apartment about 120 Euro
3 bedroom apartment about 150 Euro
Villas about 220 Euro
Insurance costs depends on m² and declared value prices. Prices above given above are examples based on the current rates but will vary with each property to another property in İstanbul.
What is DASK?
DASK (Doğal Afet Sigortaları Kurumu) is an obligatory earthquake insurance polis. You may not get a new water or electricity abonnement without this obligatory insurance of the property in Turkey. The other insurance covers earthquake risk after DASK polis.