Turkish Notaries are Now Authorized to Execute Property Sales, Streamlining Process for Buyers and Sellers

The Turkish government recently passed a law allowing Turkish notaries to execute property sales. This new legislation is expected to have a significant impact on the real estate sector in Turkey, making the process of buying and selling a property more efficient and streamlined.

Why is the New Law Important?

Previously, property sales in Turkey had to be executed through the Land Registry Office, which often resulted in long wait times and complicated procedures, especially for foreign buyers who were not familiar with the Turkish language and legal system. With the new law, Turkish notaries can now perform property sales in addition to the Land Registry Office.

What are the Benefits of the New Law?

Turkish notaries are generally located in more central locations, making them more accessible to buyers and sellers. Additionally, they can offer services in multiple languages, making the process more straightforward for foreign buyers. Another advantage of the new law is that it allows for more flexibility in scheduling property sales. Notaries can now perform sales outside of regular business hours and even on weekends, making the process more convenient for buyers and sellers.

Implications for Real Estate Agents

The new law also has implications for real estate agents in Turkey. Notaries can now provide services similar to those of real estate agents, such as preparing contracts and verifying the legal status of properties. However, it is important to note that notaries cannot provide property valuation or marketing services.

Conclusion

In conclusion, the new law allowing Turkish notaries to execute property sales is a positive development for the real estate sector in Turkey. It is expected to make the process of buying and selling a property more efficient and accessible, especially for foreign buyers.

Contact Prestij Consulting today to learn more about how we can assist you in navigating the new process of buying and selling property in Turkey with the help of Turkish notaries.