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| 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. |
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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 a property 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 property 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:
| More than |
But less than |
Income from labour |
Income from other means |
| (x 1.000.000.000 TL) |
(x 1.000.000.000 TL) |
|
|
| 0 |
5 |
20 % |
15 % |
| 5 |
12 |
25 % |
20 % |
| 12 |
24 |
30 % |
25 % |
| 24 |
60 |
35 % |
30 % |
| 60 |
120 |
40 % |
35 % |
| 120 |
|
45 % |
40 % |
HOW
SAFE IS TURKEY?
Most travelers comment on the friendliness
and hospitality of the Turkish people. It
really is exceptional.Turkey is not only friendly,
it's as safe as Europe and North America--perhaps
safer, although no place is completely safe.
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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