Mortgages

Foreigners can own land and houses in Turkey. The people of the nations that allow Turks to buy land in their countries, can in return, buy land in Turkey. The reciprocity list is available in our branches.

Non-Turkish citizens need permission from the military authorities before buying a property. Land Registry office (known as “TAPU” in Turkish) will ask the prior approval or permission of the highest military command of the area before transferring the title. This is a standard procedure for all foreign purchases in Turkey to ensure that the land on which your property is built is not in a military, strategic or security zone. It is important to note that this search period can take nearly 3 months. In Turkey you are not obliged to employ a notary for title transfer.

How to pay a Mortgage?

• You open an account at Turkish Bank in your own name. All you need to do is to get a tax number, and then submit it with a copy of your passaport to the banki branch. If you don’t have a tax number we can help you to get one.
• You can transfer the money from your account at your home country by simply filling out a transfer form via giving the name, address, branch code and IBAN (International Bank Account Number) of your Turkish Bank account.
• For money transferring, Turkish Banks offer Expatriate Banking, which provides full foreign currency and Turkish Lira services including deposits, and savings accounts, credit cards, overdraft facility and debit cards.
• You can do your banking transactions in English via your banks online banking .