Villas and Apartments in Turkey - Off Plan Buying

WHO AM I DEALING WITH? If you buy property in Turkey you must realise that you are dealing with the legal seller. Many estate-agents act as a mediator between buyer and seller although, in most cases, they are not the legal proprietors. The name of the legal owner is mentioned in the seller’s certificate of ownership; this name must tally with the name registered in the public registers. This entails that the name of the party selling the property mentioned in the provisional sales-agreement must be the same as the one registered on the certificate of ownership and in the public registers. In the case of a new construction, apart from the seller’s obligations, the builder is also responsible for the correct execution and completion of the complex. This must be made clear in the provisional sales-agreement. AM I ALLOWED TO BUY A PROPERTY IN TURKEY AS A FOREIGNER? As a citizen of the UK or Ireland you have the right to acquire the right to ownership in Turkey . However there are a number of restrictions that require a formal request for a permit. Due to the situation of our projects this procedure is a mere formality which may last from 4 to 6 weeks after which the certificate of ownership may be transferred to the buyer's name.

AM I ALLOWED PERMANENT PROPERTY IN TURKEY?
A tourist visa is sufficient for a stay of less than three consecutive months. This visa is obtained at the border for 10,00 per person. This means that you may travel in and out of Turkey for three months without buying a new visa. As soon as the time-limit of 3 months has been exceeded you must (temporarily) leave Turkey . You need not return to the UK or to Ireland . A day-trip to one of the Greek islands or Cyprus implies that you obtain a new visa for € 10,00 at the border. Should you wish to stay in Turkey for over 3 months you can apply for a residence permit at the Turkish Consulate in the UK or in Ireland . We will be happy to assist you with this procedure.

CAN I FINANCE A PROPERTY IN TURKEY WITH A MORTGAGE?
As yet it is not possible to draw up a mortgage on real estate in Turkey . If you do not wish or are not able to finance the purchase of a property through your own means, we advise you to look into the options of a second mortgage or of raising the current mortgage on your property in the UK or in Ireland with your bank or your financial adviser.

HOW DO I PAY FOR THE PROPERTY?
When paying for aproperty in Turkey it is usual to pay cash or by banker's order.

SHOULD I OPEN A BANK-ACCOUNT IN TURKEY?
We advise you to open a separate bank-account in Turkey for Turkish Lira and for Euros. When purchasing a property you do not need these accounts immediately, however at a later date it is convenient to have your standing charges automatically paid from your bank-account.

AM I ALLOWED TO LET MY PROPERTY?
Yes, you may let your property. However you should take into account the fact that rental will be officially taxed in Turkey .

WHAT AMOUNT IS TO BE EXPECTED WHEN LETTING MY PROPERTY?
As the owner, you are free to decide at what amount you wish to let your property in a certain period; however you should take the market prices into account. The travel industry in Turkey has attractive prices for all-in holidays. So we advise you not to let your property at an extremely high rental. A rate of euro € 75,- per day in the high season is quite reasonable. On our website under the link –For Rent- you will find a summary of our rentals..

International Property Link Properties make it possible to offer your proeprty for rent to thousands of potential tenants who would like to spend their holidays in Turkey. Please enquire at our office for more information.

We also get regular requests from people who wish to rent a property for a longer period of time. For instance for 5 years. This ensures you, as lessor and owner, of proceeds from rental for a longer period of time.

WHAT ARE THE FISCAL CONSEQUENCES OF OWNING A PROPERTY IN TURKEY?
If you are taxable in the UK or in Ireland you are obliged to declare the value of the property in Turkey to the British or Irish tax authorities. Property tax (real estate tax) is 1% over the official mentioned price in the title deed. In Turkey you pay conveyancing tax when buying and selling your property. This amounts to 3% of the value as mentioned on the certificate of ownership. Conveyancing tax is included in some of our developments. If you have an income from employment or a business in Turkey you must pay the required taxes in Turkey. Rates for Turkish income tax are as follows:

HOW DO I GET TO TURKEY?
Most long-haul international flights land at Istanbul's Atatürk International Airport. Turkish Airlines is a competent national airline with good service, a young fleet, worldwide routes and domestic connections to every important Turkish city.

HOW CAN I GET AROUND WITHIN TURKEY?
Thousands of modern, luxurious buses roar between Turkish cities and towns daily. This is how most Turks travel. It's easy to get fares and schedules but you can do that easily when you arrive in Turkey. Departures are frequent, and you don't need advance reservations on most routes. If you are an experienced driver, and want freedom of movement, consider renting a car in Turkey. Train travel in Turkey is still useful. Some Trains are somewhat slower than the bus but offer more seating-room for less money. Otherwise, most of Turkey's trains are old and relatively slow, but still useful and quite cheap. Turkish Airlines has flights among major cities, which are convenient for longer distances, and are relatively inexpensive. The Airlines now have growing route systems and even lower fares. Local ferries are wonderful, especially in Istanbul and Izmir.

HOW EASY IS IT TO RECEIVE HEALTHCARE IN TURKEY?
All Turkish cities have hospitals, and towns have clinics, often with staff who speak at least some English. Besides government hospitals, Istanbul has hospitals founded and supported by foreign communities: American, French, German, Italian.

WHAT IS THE CLIMATE LIKE IN TURKEY?
It is commonly said that you can experience each of the four seasons on the same day in some part of Turkey. During the spring months early tourists bask in the Mediterranean sunshine of the south while on the lofty mountain tops above people are skiing. The Black Sea region glistens under spring rains while Southeastern Anatolia still sleeps under a blanket of snow. In some areas the temperature variation over 24 hours can be as much as 20 C. Average precipation from region to region also varies enormously. For a country located in a temperate climatic zone, this variety is unusual, and is due to the diverse nature of Turkey’s landscape, ranging as it does from low-lying plains to towering peaks, and in particular to the existence of mountain ranges running parallel to the coast.

WHAT ARE THE CONDITIONS FOR A VIEWING TRIP?
Viewing conditions:
* Bookings are confirmed as definite after receipt of payment.
* Departure times and flight times are passed on approximately one week before departure.
* Viewing trips are meant solely for potential buyers.
* Tickets are non-transferable and will not be taken back after booking.

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