Turkeys Land Registry Prepares To Open International Offices For Overseas Buyers of Property In TurkeyPosted by: atif, March 29th, 2010
Turkey’s Land Registry General Directorate is preparing the way to open new branches of the registry offices in selected European countries pertaining to a bill being passed in parliment.
Under the bill, the general directorate will be permitted to open turkish land registry branches in Berlin, Frankfurt and Brussels, which will allow about 5 million Turkish citizens in Europe to complete bureaucratic processes regarding land titles without having to come to Turkey.
The bill also proposes changes which will also allow buyers and sellers to complete the bureaucratic processes online. Initial plans proposed that the general directorate would only open three branches abroad, but the bill will make it possible to open up to 10 offices.
Procedures will be simplified so that Turkish citizens in Turkey and those living abroad will both be able to complete transfer procedures without having to travel to another province or back to Turkey.
It is expected that the new bill will also enable bureaucratic transactions for foreigners who have bought or who are buying property in Turkey.
The new international branches are expected to focus initially on Germany and the UK as these are largest number of foreign buyers of property in Turkey.
In addition, online transactions will ease the completion of land title procedures. With the new bill, it will be possible to complete land sale and transfer transactions online. This may also provide an alternative to the current system a notarized power of attorney paper is required for someone to complete transactions and title deed transfers on behalf of a buyer/seller.
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