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Foreign Investors
How should the payment be made?
Answer
There are two layers.
DAB: since 24.01.2022, when a foreign individual buys property, the foreign currency is sold to the Central Bank of the Republic of Turkey through a bank, and the Foreign Exchange Purchase Certificate (DAB) is submitted to the land registry. In a citizenship file, the bank transfer receipt to the seller is also required in addition to the DAB.
Secure payment: from 1 October 2026 the purchase price is paid into a blocked account. It is not released to the seller until registration is complete; if the transaction falls through, it is returned to the buyer.
Cash in hand, third-party accounts and crypto undermine both anti-money-laundering checks and a citizenship file. The Dutch WWFT discipline is an advantage here.
İnterkon Realty Group also requires the deposit in writing and with refund conditions. “Send it to an escrow person” is not accepted.
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