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Buying Guide
While there are pitfalls, in the right hands buying a property in Turkey can be a safe and relatively straightforward process.
Inspection Trips
Upon deciding to come to Turkey we can assist with your accomodation
arrangements and be there to collect you from the airport on arrival.
At the start of your stay we will plan your viewing itinery, allowing
time for you to view properties and also enjoy the surroundings,
people, food and culture. Should you decide to buy we'll use our
experience to guide you through the whole purchase process, from
negotiating the price of your property to the exchange of deeds
- ensuring it is as simple and problem free as possible.
The Buying Process
The process we follow is as follows:
Copies of the existing deeds are taken to the
Land Registry office to ensure that the house you are buying is
the property you want and that it has been built legally and with
permission.
Once we are sure that everything is in order
with the property you wish to purchase you can enter into a promissory
sales contract, which is signed by both parties and a deposit
is paid (usually in the region of 10-15%). You may also at this
point want to appoint a Power of Attorney to complete the remainder
of the sale on your behalf should you not be able to be present
in Turkey to complete it yourself.
Details of the land / property will then be
sent to the millitary office along with an authorised copy of
your passport for official permission to purchase the property.
This can take between 3-4 months, but the process is due to speed
up.
Whilst waiting for approval, checks on the
property can be carried out ensuring that there are no outstanding
bills or debt against the property.
We will inform you when permission from the
millitary has come through. We will arrange for you to return
to Turkey if a power of attorney has not been appointed to exchange
the deeds. It is now that the remaining price of the property
and purchase tax is paid (details of costs during purchase is
listed below).
Costs
Purchase
Costs
Ongoing Costs
Item
Cost
Item
Annual Cost
Buyers Tax
1.5%
Annual Property Tax
0.1%
Military Permission Expenses
0.7%
Refuse Tax
£5 - £25
Compulsory Earthquake Insurance
0.1%
Electricity / Water
Cheaper than the UK
Agent Commission
3%
Complex service charge (if applicable)
Typically £100-300
Transfer of Electricity
approx £35
Transfer of Water
approx £25
Legal Costs (dependent
of service)
£100+
All percentages are based on purchase price.
The declared purchase price may sometimes differ from the
actual purchase price, this is common practice.
Turkey
is the biggest hazelnut producer and exporter in
the world. Hazelnuts have been grown along the Black
Sea coast in northern Turkey since 300 BC.
Bring
a travel adapter with your UK/European appliances
or, if staying longer term, simply fit a Turkish
plug. Turkey operates on 220V AC, so they'll work.