|
Q1: Who Can buy property in
Turkey?
Foreign
nationals have been able to purchase property in Turkey since
2002/2003 Recent Law amendments also allows foreigners to buy in
more locations, which were previously out of bounds.
Q2:
What
are a Sales Contract and a Title Deed? I have heard about a Tapu,
what is it?
Title Deeds when buying your property
in Turkey - in fact they are the most important documents in the
whole process.
The Title Deed is the legal document
of ownership of the property. The Turkish name for this document is
"Tapu Senedi", hence the Tapu you may have heard about. Once the
property is sold, the title deeds are transferred from the seller to
the buyer and that concludes the sale. If there are any restrictions
on the property they will be itemised in the title deeds. Therefore
it is very important for the solicitor to check the deeds carefully
before recommending that the sale proceed. You can also ask to have
restrictions placed on the deeds once transferred to you if you
wish.
Q3: What
documents do I need to buy my property in Turkey?
The only
documents you will need to provide personally to purchase your
property are your passport and two recent passport photographs.
Once the Sales
Contract is signed, for documents needed for Title Deeds office:
a. Title Deed of the property
b. Copy of your passport
c. Two recent passport (4cm x 6cm) photos.
Q4:
Who’s name will the property be assigned too?
Your own name
or anybody you would choice.
Q5:
How will I sign official deed-papers if I can’t fly
over to Turkey at the time?
You can sign a
paper at the notary giving your agent the right to a power of
attorney
Q6:
Will the papers etc be in English?
Yes, In Turkey
there is a legal recommendation that all property sales to foreign
nationals are notarised by a government-authorised interpreter.
You will be
provided a written translation of the sales contract, also drawn up
by the government-authorised interpreter. As the property purchased
is in Turkey, the legal contract is the original, Turkish language
Q7:
Do I need to do a will for my property in turkey?
Yes, this is
advisable. Under Turkish Inheritance Law the inheritance of property
by a foreign national is dependent on reciprocity between the two
countries involved. As Turkish nationals can inherit property in the
UK, UK citizens can also inherit property in Turkey. If you have no
will, your next of kin will automatically inherit the property
(usually your children). If you wish to leave your property to
someone other than your next of kin, you should make a will in the
UK specifying this.
Q8: Are the
properties Freehold or Leasehold?
Almost all the
properties are Freehold in Turkey.
Q9:
Is it cheaper to buy from a Developer that
builds their own properties?
When purchasing
from Sunset Homes you do not have to pay the Estate Agents fee of 3%
of the purchase price. And developer (Sunset Homes) does not have to
pay Estate Agency 3% commission.
Q10:
I would want to rent out my property -how do I do
this? Is there a demand for renting?
We can rent out
your property for you and yes there is a high demand for property's
to rent. Sunset Homes will offer full after sales service. Our
Management Company can arrange renting; provide property checks,
airings, cleanings in between visits/rentals, pool maintenance,
welcome packs for your visit, airport transfers and a lot more. We
have a dedicated after sales and rental office in Altinkum, Turkey.
Q11:
What should I budget for extra cost other than the purchase price of
the property?
It is estimated
about 3% of the purchase price to cover everything. Sunset Homes
project; A Touch of Paradise Country Club purchase prices will
include all legal costs.
Q13:
Do you need a Solicitor?
Officially you
do not need a Solicitor, as your Agent will usually do all the
conveyance but Solicitors are available for a cost of around £200 to
£250
Q12:
Can you help me sell my property in Turkey?
Yes, Sunset
Homes are also Estate Agent Group can help sell your property.
www.sunset-homes.com is our resale
website. Sunset Homes has a further office in Bodrum that markets
resale properties.
Q13:
I have more questions and queries can you help me?
Yes,
please don’t hesitate to send us email or call us from our contact
details on web site.
Q14:
What are the average residential
running costs in Turkey?
* Council tax: £50 per annum.
* Electricity – 10p per unit (average bill for full-time resident is
around £25 a month)
* Water – 50p for 1000 litres (average bill £5 a month)
* Gas - £15 per bottle (no mains gas here!) – this lasts about 3
months depending on usage
* Telephone – £4 monthly charge plus 2p a unit (average bill £25 a
month)
* ADSL Internet connection – from £14 a month
* Digiturk satellite TV package – from £10 a month
* Depending of site there could be site maintenance fee.
* Annual property tax - 0.1% of the declared purchase price so the
bill for a £80,000 villa would be £80 |