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FREQUENTLY ASKED QUESTIONS

  • What's the rules of buying a property in Turkey?
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  • What's the procedure of buying a property in Turkey?
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  • What's the tax rates?
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  • How do I know that the valuations that you quote are genuine?
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  • Do you just buy any property?
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  • Are Turkish citizens and foreigners treated differently?
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  • Why should you buy a property in Turkey?
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  • Where can I get further information relating buying a property in Turkey?
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  • Why should I register with you?
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    What's the rules of buying a property in Turkey?
    Rules: Citizens and commercial corporate entities of the countries with which reciprocity agreements have been signed and companies established in line with Foreign Direct Investment Law No. 4875 in Turkey may purchase a real estate in Turkey on their own names provided that the property is not located in military and security zones. The acquired property may be resold or rented out and the proceeds of the sale or the rental income may be transferred out of Turkey freely.  (Back to FAQs)
     
    What's the procedure of buying a property in Turkey?
    Procedure: The sale procedure for foreigners is the same as Turkish citizens except a search for the abovementioned military and security zones restriction. Once a sale agreed with the owner, an application has to be made to the local Land Registry Office. The Land Registry Office then carries out a search for the abovementioned restriction through correspondence with the military authorities in the area. As soon as the search is completed, the Land Registry Office then transfers the title and issues the new deed. (Back to FAQs)
     
    What's the tax rates?
    Taxes: Both purchaser and seller are liable for a 1.5 per cent property transfer tax, based on the declared price of the property. There is also a municipal property tax, again, based on the declared value of the property, at the rate of 0.1 per cent for residential properties and 0.3 per cent for land annually. The newly built residential properties are exempt from the municipal property tax for the first five years.  (Back to FAQs)
     
    How do I know that the valuations that you quote are genuine?
    All valuations quoted on our site have either been carried out or projected by an independent certified property surveyor.  (Back to FAQs)
     
    Do you just buy any property?
    Definitely not. We have strict selection criteria. All of our properties are highly desirable and many contain luxury features. We stay well away from rundown or poor standard properties. (Back to FAQs)
     
    Are Turkish citizens and foreigners treated differently?
    Both Turkish citizens and foreign owners have equal property-ownership rights. (Back to FAQs)
     
    Why should you buy a property in Turkey?
    • Turkey is an excellent investment opportunity with particularly high capital growth of more than 35% in many areas in 2005. And with Turkey working towards joining the EU, the potential return on investment in this area is enormous. • It’s at the heart of the world being at the crossroads of Europe, Asia and the Middle East, so the country is rich with history and culture. • Turkey is surrounded by no less than four seas: the Mediterranean, the Aegean Sea, the Marmara Sea and the Black Sea. No wonder then that it can boast coastline stretching for over 8,000 kilometres, including the shimmering Turquoise Coast. • Turkey’s landscape makes it a fascinating land of adventure ideal for lovers of the outdoor life, giving you the chance to sail and ski on the same day! • The cost of property as well as the cost of living is very low in Turkey which makes your money go further. • Turkey has over 300 sunny days a year with hot dry summers and mild, warm winters. • Turkey is no further than other popular Mediterranean destinations, being only 3.5 hours flight from London. • Turkey has two of the Seven Wonders of the World – the Artemis Temple in Efes and the Halikarnassos Mausoleum in Bodrum.  (Back to FAQs)
     
    Where can I get further information relating buying a property in Turkey?
    Please visit Turkish Embassy-LONDON Office Of The First Economic Counsellor web site to find answers to all your questions relating buying a property in Turkey. Go to Links page and click the link. (Back to FAQs)
     
    Why should I register with you?
    When you register your request with us our web site scans property database and if finds a match then e-mails you automatically. if no match found then informs the administrator to search your requested property. As soon as we find your requested property we will contact you.  (Back to FAQs)
     

     

     
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