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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.
There are many advantages of buying property in Turkey. Check Main10 advanteges of buyıng property ın Turkey comparing to other countries
People looking to buy a property in Turkey tend to search their sunny home in three main Areas, Istanbul, the Aegean coast and the Mediterranean coast. However southwest of Turkey on Mediterranean coast, also called Turkish Riviera, has the most favorite property locations with second home buyers. Since its strong Tourism structure, foreigners find the area more secure investment and to have holiday better. Check Turkısh rıvıera property locatıons and what each city has to offer for property buyers.
Buying holiday homes is so much popular among foreigners, Many second home buyers have already made their decisions on having holiday in Turkey at their own holiday homes.
When mentioning about buying property in the sun, first come to mind homes near beach. However, Newhouse Invest can offer very qualified rulal properties as well where are also not far from city and the beaches, so you can enjoy the silence of countryside.
Definetely, Yes. You can buy a property for retirement purpose like many foreigners Model Invest can help you
The main advantage of buying an apartment or villa in newly built project is that the property is ready to move in and you don't have to wait for developer to complete the project. What that mean is you will be able to have more holidays at your home and you will not loose any potential rental income as well. However, off-plan properties in Turkey also offer many advantages
Buying a property in Turkey can be quite a simple process compared to many European countries , as long as you are advised properly and completely. Newhouse invest offers valuable assistance to undertake all buying process as easy as possible for you. Learn more about
Yes, properties in Turkey are sold freehold and you get guaranteed title deeds. It is very uncomplicated and easy for foreign nationals to buy property in Turkey. Both Turkish citizens and foreign owners have equal property-ownership rights. It is a well-known fact, that the title deed system in Turkey is considered very trustfully by Turkish peopleModel invest specially and individually organizes property inspection trips for its customers. You will find out more information on our
According to the Title Deeds Law, foreign nationals (real persons) are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. Reciprocal agreement basically states that, if Turkish citizens can buy property in another country, the citizens of that country can buy property in Turkey. Please , Contact us to find out whether your country is listed in the reciprocity list or not.
If your country is not in the reciprocity list; since the companies can freely buy property in Turkey, Newhouse Invest can create solutions for you by establıshıng a in property a couple of days. This service is provided to many customers by Newhouse Invest.
Foreign nationals cannot buy a real estate in the military zones or in some rural areas (villages) in Turkey.
Purchasing a Turkish property does not give you any citizenship rights or immediate citizenship. But it makes the process of getting permission for residency easier if you wish to stay in the country for longer periods of time than visa ( 1-2-3 months depending on your nationality) duration
The property registration procedure in Turkey is different than in many other countries. The official property transfer does not take place in the Notary office like in Europe or other countries. Instead, buyer and seller together need to go to the Land Register Office ( Tapu Dairesi ) where the property registration transaction is completed. The buyer as well as the seller have to be present in person at the Tapu office, to sign the sale papers. After signing the contract, The Land Registry Office issues the “Tapu” for the new buyer of the property. Tapu is the Turkish name of Title Deed. This is a legal documentation and the only proof of the property ownership in Turkey. All Tapu Transactions are only made by the Land Registry Office ( Tapu Müdürlügü ) of the relevant area where the property is .After receiving the “TAPU”, the buyer becomes the owner of the property. On the Tapu, the price of the property, the name of the owner and some other cadastral figures are all mentioned
The process of obtaining the Title Deeds varies from resort to resort. In some areas it is as little as 3 months, in others, the process can take up to 4 - 6 months. A military check is carried out on the property making sure it is not in the military zone before the title deeds are authorized.
On every sheet of the reservation form and preliminary agreement between us will be divided into two parts as Turkish and your language. During all buying process the language we communicate with could be yours or English if necessary. According to the Turkish law, a sworn interpreter must accompany during the final and the most important stage of signing actual contract at Land Registry Office ( Tapu Dairesi) to transfer the title Deed ( Tapu) in your name. Having a translator between buyer, seller and land registry officer throughout the legal process gives extra protection to all parties in the buying process and formally ensures that all parties understand the contract and the terms of sale.
Yes, it can have as many names as you wish. It means that more than one actual person can be the owner of the same property.
Yes, you can buy as many.
According to the law of reciprocity agreement between our countries , some nationals do have to get a residency permit in order to transfer the title deed ownership. Getting the residency permit should be done during the application for the Title Deed. Once you have it, you will have the opportunity to extend your permission for one year when it expires. You can repeat it every year, so that you can stay in Turkey more than you could with a visa ( 1-2-3 months).
Even if you do not have to get a residency permit according to the agreement you can still apply for it to be able to stay longer than your regular visa period. Once you decide to purchase a property in Turkey, we'll help you to get the residency permit
If your nationality requires residence permission for the title deed transfer, according to the Turkish Property Law, yes, you are. The Police Department requires a bank account to give residence permission. We, together, can open accounts at Turkish banks in your name. All we need to do is just to have a tax number from a local tax office and then submit it with the copy of your passport to the bank. However, whatever your nationality is , it is strongly recommended to open a bank account in order to transfer money for property payments, have banking services for example paying utilities and get atm or credit cards for you use while you are in Turkey in the future.
You can transfer your money to your Turkish bank account through your local bank.
We can help you get a mortgage from a Turkish bank or you may use financing options from your country.
Newhouse Holiday Homes rentals services can help you let your property so that your property can win you money
Newhouse Invest provides all second home buyers with insurance services for property, car, health/travel
There are lots of international removal companies but this will be a long, expensive and a stressful process and also you will have to pay tax on the entry. We recommend you buy your furniture in Turkey, since home furnishing is quiet cheaper than in most countries. Newhouse Invest provides excellenthome furnıshıng services to all second home buyers in Antalya, Alanya, Kemer, Belek or Side.
Newhouse Invest offers property management servicein Antalya, Alanya, Kemer, Belek, Side.
We recommend that your utility bills are paid via automatic bank transfer from the Turkish bank account that we will open together, or, if you need your bills to be paid by us, Newhouse property management can arrange to receive your bills and pay on your behalf.
Maxımum property valuatıon is one of the model invest group companies and provides property appraisals for second home buyers and investors in the Antalya region.
After you have received the Title deed of the property, as a part of the buying process, your property consultant will help you with all these procedures at the local authorities.
There will be charges for a number of items when you are buying a property in Turkey. These include: costs for maps, deed application, earthquake insurance ( obligated when buying), residency permissions, Lawyers / Solicitors, notary fees ( if necessary) , 3 % purchase tax, stamp duty, registry fees and utility connections.
This can vary from development to development. If the development is completed and the management is established , you can ask our property consultants about the fees of that project. If the property is not finished yet, they can tell you the approximate cost as the actual fee will be decided when the management is formed.
There is an annual real estate tax payable to the local municipality. This tax is nominal and based on the national value of your property. Tax rates differ between municipalities but range typically from 0.1% to 0.2% of the property value.
Environmental services tax is charged through water bills. In Turkey earthquake insurance is compulsory for all properties and it is only little amount.
At present, if you sell your Turkish Property within the first 5 years and make a gain, you will be subject to personal income tax. Your gain will be taxed on sliding scale and based on the difference between the selling price and purchase price + inflation. After 5 years it is capital gain free
With the increasing demand for properties in coastal Turkey, re-selling can be easy, and if you leave it in the hands of Newhouse Invest’s professional team, we will make it even easier for you.
Yes, Turkey has a very flexible investment policy, including free (international) movement of capital, profits, dividends and salaries. The banks
It is not necessary to make a will in Turkey, under Turkish Law any property is passed to the next of kin. The will in your country is legally valid in Turkey, however it is advised to make a will in Turkey for your personal requirements.. It is not necessary but will help avoid any possible delays. The Newhouse property department can help you with the amendments on the title deeds which would involve legal assistance, in case you will need any help.
Inheritance laws are complex in Turkey in comparison with other countries. If you want to donate your properties in Turkey, our law and finance department will consult you in order to achieve minimal gift taxation |
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