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Although buying a property in Turkey is a relatively simple process in comparison to other European countries, if you dont understand the language or the process it can seem quite daunting but we will help to guide you to ensure that everything runs smoothly.
Q. Is it easy for a foreigner to buy a property in Turkey?
A. Yes. Most foreigners (from countries that have reciprocal agreements with Turkey this includes the UK and ROI) may purchase land and property in Turkey in their own names provided that properties are located in areas with an official municipality (council) and the property must be situated within the boundaries of that municipality or borough. The replacement law allowing foreigners to buy in Turkey has now been ratified by parliament which has cleared up any confusion.
Q. How do I get started?
A. You have already started by looking at our website. Contact us with your requirements or if you have already seen a property/properties that you like send in the enquiry form on the property page.Remember that not all our properties are listed so if you send a general enquiry with your requirements we can normally send details of these properties.
Q. What's the next step?
A. Book a flight to Turkey (Izmir or Bodrum airport) let us know the details and we can help with transfers and accommodation and arrange for you to view properties that match your needs.
Q. How long will it take to complete on a property once bought?
A. It takes on average 13 weeks for the paperwork to be completed and clearances to come through for a resale or built property. Normally a deposit of 10% is paid to secure your property and the balance when the deed is in your name.
Once the contract has been signed and the purchase price has been paid in full (full payment is not normally made until the deed, tapu, is in your name) you will have the keys to your Turkish home.
Q. What happens if the developer is late in completing?
A. It can also be incorporated in your contract, that if the developer is late in the said delivery date, he can be penalised financially. This can also apply to the purchaser being late with stage or final payments although although of course when both sides keep each other fully informed then a little common sense and flexability can be shown..
Q. Can I arrange finance in Turkey?
A. Mortgages for foreigners have just become available but at the moment the terms and conditions are not as flexible as mortgage products in for example the UK. For the time being we would recommend a remortgage on your home country property as the quickest and simplest way of raising finance although of course as the mortgage market in Turkey opens up then this will change.
Q. Are there any costs in buying a property.
A. You should budget around 7-8% for buying costs such as taxes and commissions.
Q. Can we view as many properties as possible?
A. We are not "tied" to any developer or builder and so can show you a full range of new, off plan and resale property. We can also recommend on investment property.
Q. How do we make payments to purchase our property?
A. All payments to Turkey from the UK must be made by cheque or bank transfer in accordance with international money laundering laws as stipulated by the Turkish embassy in London. Credit card payments can be made whilst on viewing trips to place a deposit in order to secure a property although this can be an expensive way of doing things.Much better to use cash (declare on entry into Turkey) or set up a bank account when you arrive in Turkey (you will need one anyway) so that you can do a bank transfer.
Q. Is there a good range of banks and are they English speaking?
A. There are many banks where English is widely spoken, so no worries there. It is easy to open a bank account and you can have Turkish, Euro and English accounts - your choice.
Q. How much are utilities in Turkey?
A. In Turkey, you pay for what you use on a meter system. Electricity is generally less than half the price it would be in the UK. Water is extremely cheap. Communal electric and water on complexes will generally be covered by your annual/monthly maintenance charges. These charges vary from project to project. All of your utility bills can be paid by direct debit through your Turkish bank account which we will help you open.
Q. Can I import my household goods into Turkey?
A. It often cheaper and simpler to start afresh in Turkey. You need a residence permit valid for a minimum of 1 year in order to import your household goods. There are several overseas shipping companies in the UK and Europe who offer a door to door sevice. We strongly advise you to contact the Turkish consulate in London for this information or if you are already in Turkey, please contact the Turkish customs administration office in Ankara on (009) 0312 311 7971 or check their official website www.gumruk.gov.tr
Q. Is it easy to sell up and transfer the proceeds out of Turkey?
A. Yes. Any acquired property may be resold or rented out and the proceeds transferred out of Turkey although you should also check out the tax rules in your home country.
Q. Does owning a property in Turkey entitle a person to residency?
A. No, but it can make applying for a residence permit easier because you have proof that you have already invested in Turkey.
Q. How safe is the country?
A. Turkey is a very safe country with a relatively low crime rate compared to the rest of Europe.
Q. What about the healthcare in terms of the standard and costs?
A. The standard is generally very good in all resort areas and major cities. All foreigners have to pay for medical treatment (which is a lot cheaper than in the UK) but there are reciprocal private health plans available from the UK/ROI which will be accepted in the private hospitals. You can purchase a health insurance plan in Turkey up to the age of 55 years.
Q. What about schools and colleges?
A. As a resident, you can send your children to local government (Turkish speaking) or private schools (fee paying). Both offer a good standard of education. The private schools are international and accommodate pupils from all over the world. Young children are normally very quick at picking up the language.
Q. How does the general cost of living compare?
A. Fresh produce is great value for money. You'll find most items up to 50% cheaper than at home with electrical items being similar to UK prices.
Q. If I move to Turkey, can I take my dog/cat with me?
A. Yes. You must first obtain a 'pet passport' and vets documents. Remember that it is easier to import an animal into Turkey than into your home country. If you are planning to move back to your home country after a year or two it is often better to rehome your pet.
Q. Can I work in Turkey?
A. Yes you can but you must obtain a work permit first.
Q. What is the government system in the country?
A. It is democratically elected. Turkey is also one of the five permanent members of NATO.
Q. Is it necessary to learn the language?
A. No but as with anywhere in the world, it always brings advantages even if only a few sentences.
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