NEWHOUSENET

The process of buying property in Turkey is simpler than in most European countries. The difference is the requirement to obtain permission from the military office to purchase the property prior to completion, as non-Turks are only permitted to buy within a designated town area and non military zones. In our buying Process page, We try to give you an overview about they thypical the process of buying property in Turkey. However to make every stone fit its place, our professional team will be always to at your service and eager to guide you through the process and to clear your mind.

Frequently Asked Questions – Property Related

Before you must be at ease with all of procedures involved and know that you are getting the best value for your investment. That is why Newhouse Invest has created this guide with FAQ section based on property issues. We are committed to give all answers of your possible Turkish property related questions and if you have any further questions our team will be happy to assist you.

Frequently Asked Questions – General

After buying property in Turkey , you will probably have same question in general for adaptation for Turkey and your life in Turkey. Some of these Question need to be answered for the candidates of property customers. That is why we have prepared FQA page for the new property owners to reply their possible questions which may involve information about cost of living, safety in Turkey, eating out and more....In any way you will find all necessary general information and more on our Turkey Information section

: For a country to become an overseas home destination, it first needs to be a strong tourist destination. In 2005, Turkey was announced one of world's top ten tourist destinations which succeeded to surpass the previous estimates in the number of inbound tourists by the United Nations World Tourism Organizations. It is a fact that during the past 25 years the number of tourists who visited Turkey has increased by 17 times. In 2008, Turkey expects 30 million foreign visitors. So, as numbers of visitors to Turkey increase, no doubt numbers of property buyers will increase too. Yet properties even in some very popular areas are still affordable. Standard 1+1 room apartments can be found even for 35.000 Euro. With the continuing negotiations to join the EU, property prices will rise further and eventually achieve parity with Spain, but this process may take another 7-8 years. 2009 - 2010 might be the right years to search for your new home in Turkey.

Power of Attorney (once off payment)

TAPU Office Fee, Translator and Notary Fee.

€180.00

Property Buying Tax - Stamp Duty (once off payment)

Based on Current Turkish Legislation the property tax is 3% e.g. Property Purchases price€70,000 x3% =

€2,100.00

Application for Residence (Living Permission) (once off payment)

Living Permission Tax Office Living Permission Council Tax

€300.00 €200.00

Annual Property Tax Rates

Based on Turkish value of your property - approx

€100.00

Application for Electric (once off payment)

Electrical Application & Connection

€145.00

Application for Water (once off payment)

Electrical Connection Water Account Registration

€300.00 €85.00

To buy a property in Turkey is a big step for the foreigners. Our country pleasantly welcomes everyone who wants to live in.

When you decide to buy and find the best place for you these steps are being followed:

Sales Contract between buyer and seller

Military permission should be taken. (military should confirm the place where you buy, has not a strategically importance) Permission comes in 3 months but for the Russian and Danish people it takes little more.In Alanya there is not any rejected application.This application normally is being done by the construction company as a service which is included into the price but it depends on your agreement.

After getting the permission buyer and seller should go to the Title Deed Office and give their 2 photos,tax numbers and passports,from Title deed office they ask you the value of the apartment so you also need to take legal value from the Town Hall of your apartment's region (this also might be done by the seller as a service).Seller and buyer pays 1,5 % tax from the legal value totaly 3 %.After paying the taxes an interprater translate the legal agreement in the ttitle deed office and buyer and seller signs the agreement than buyer takes the title deed.

After having the Title Deed electricity and water connection subscribtion should be taken on your name,you just go to the Town hall and electricity company than they redirect you.The only thing is to have ISKAN of your apartment if your apartment doesn't have ISKAN you can not take subscribtion that means you have to check ISKAN before you buy.ISKAN shows that apartment is a place where people can live and use as a home.

In Turkey you need a tax id you can take it from the tax office for free, you just need to have a copy of your passport and you write your father's and mother's first name , address than they give your tax id.