The process of selling real estate property in Turkey as a non-resident can be challenging, but with the correct guidance and preparation, it can also be manageable. The following is a guide on how to successfully sell property in Turkey as a foreigner:
- Find a reputable and experienced real estate agent, who will assist you in navigating the legal and bureaucratic process and help you locate suitable buyers for your property.
- Establish the value of your property by working with your agent to consider market data, location and condition.
- Prepare your property for sale by cleaning, repairing and staging it, your agent can also help you with this step.
- List your property on relevant real estate platforms, such as sahibinden.com and hepsiemlak.com and have your agent market it to potential buyers.
- Evaluate and negotiate offers received with the help of your agent.
- Sign a sales contract and register the sale with the Turkish Land Registry Office, your agent will help you with this step.
- Transfer the funds from the sale to your bank account.
- Note that there are certain regulations for foreigners when selling real estate property in Turkey such as obtaining approval from the Ministry of Environment and Urbanization for certain properties with strategic importance. Capital gains tax may also be applicable and it is important to consult with an experienced agent and attorney to make sure everything is done correctly and in a timely manner.
