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Buying property in
Turkey is a much easier now. The procedure is often much easier than
in most European countries. Foreigners may purchase land and
property in Turkey for themselves and when it comes to selling it,
the income derived from this sale may be transferred outside of
Turkey. Even though it seems reasonable to consult an attorney or a
solicitor regarding legal procedures, this is no need for such
consultation in Turkey. |
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Property owner and real estate agency prepare
documents necessary for buying processes to be initiated. You
will be given a copy of the related contract.
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After a decision is made, a legal contract is
signed.
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A nominal deposit of € 750 (changeable) is
paid
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Customer prepares a Power of Attorney by
authorizing letsgototurkey to take care of all legal procedures.
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Accordingly, our company shall prepare a
letter, copies of legal papers, along with a copy of your
passport and send them to the authorities.
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The maren Group applies for ownership of the
title-deed on buyer's behalf and secures the property until
title-deed is received.
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It may take between 10-16 weeks before the
title-deed is issued.
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It is recommended that you transfer all
required installments to a bank account which you shall open in
Turkey before you leave.
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When all verifications have been obtained and
papers are returned back to our company, Maren Construction shall
arrange rest of the prosedures for you.
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After property is registered on behalf of the
buyer's, maren construction will complete the remaining procedures
such as registration of utilities, water, telephone line etc.
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On the day of the transfer, maren
construction
will complete all necessary documents regarding legal and
financial issues.
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Maren Group Construction
also provides a Property Management Service which includes
security checks, cleaning services and much more.
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What are the extra costs of
buying property in Turkey?
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Land is included in property price
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3.3% property acquisition tax (A one time
payment to local authorities)
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€ 200 registration price of the title deed
for your name (One time payment)
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€ 100 for Power of Attorney and contract
translation at the Notary (One time payment)
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€ 300 registration price of electric and
water meters (One time payment)
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€ 750 - € 1000 for property occupation tax
(iskan) and for brand new developments.
Depending on the area of the property this tax is variable (One
time payment)
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For telephone line: € 20 (One time payment)
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Property tax: 0.1% of the apartment value (approx
€ 200) This is an annual tax which is declared on the value of
your property and is collected by the local government
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Below is a general
guideline for energy cost
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Here are the services that
MAREN CONSTRUCTION provides for you
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Arranging hotels and airport transfers if
required.
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Pick up service from hotels to visit properties.
Every maren staff has a background in tourism and thus, they can
provide all the information needed not only about the properties
but also about the area .
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Arranging appointments with a lawyer, attorney
and official translator.
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Electricity, water and telephone line
registrations of your new property on your behalf.
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Assistance with related purchases like furniture,
air-conditioners, electronics, etc after sale has been completed.
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Assistance with opening a bank account in Turkey
to make sure that there will be no concerns of bills to be paid
when you are away.
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Assitance in acquiring a tax number which is
required for all future legal issues.
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Assistance with preparation of all documents
required for home insurance
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Arrangements to obtain an official will in
Turkey, upon requested.
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Assistance with renting out the property
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We have tried to facilitate the process of buying
property in Turkey and also, we will talk to you through each step
in detail following your purchase decision. When we have a
cooperation and full understanding of what is right for you, we can
give advice regarding issues such as a solicitor, property survey (if
necessary), insurance, annual property tax etc. |
