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Buy or build your own home in Turkey !
Sarigerme golfcourse area - Dalaman - Ortaca - Dalyan - Köycegiz - Port Göcek - Fethiye - Marmaris - Bodrum
Cheap Properties in Turkey - Plots, Villas for sale - Construction
Purchase Procedure /Financing
1. for plots, land and ready built homes
Buying a property in Turkey is easy -
Regulations - Laws http://www.bizcovering.com/Business-Law/Foreign-Property-Purchase-in-Turkey.79574
We suggest the following process when purchasing in Turkey:
Choose and reserve the property of your choice.
You will visit the solicitor, along with the translator and the contracts will be drawn up, while you wait, in both Turkish and English.
The translator will go through the Turkish contract with you. If you are then satisfied, the solicitor, translator, developer and yourself will sign the contract.
The solicitor will then start the process of applying for Aegean Army clearance.
You will then go before the notary, together with the legal translator.
To save you having to travel back to Turkey to sign legal documents, a ‘power of attorney’ will be appointed.
You will need to allow for the following fees:
Solicitors’ fees – approximately £250
Aegean Army Clearance - £150
Translators fees - £80
Notary fees - £70
Power of attorney – approximately £120
Buyers tax – 1.5% of the purchase price
If you buy resale : 3 % Real Estate Tax (for our own off-plan developments no tax)
If you feel comfortable without solictor, we offer the same service. The costs are more less.
Private Financing a ready built property with the Turkish IS-Bank
(It has to be an agency of IS Bank in your home country, not in Turkey)
Terms and Conditions for financing your Turkish property:
- Financing is only possible for ready built homes with an official owner ship deed (Tapu)
- the maximum sum of the financing is up to 80 % of the valuation report
- there will be a charge of the land done by your bank
- credit assessement before in your homecountry
- Financing starts with 50 000 Euros
- maximum for 10 years
- fixed interest period 5 years
- the property will be secured by a mortgage and a risk life insurance
- the risk of the financing in Turkey will be absorbed with higher interests
Foreigners are not allowed to take mortgages in Turkey by bank law.
So it is possible also to ask your native bank about financing.
Financing an off-plan development
If you have an own home in your homecountry ask your bank for a mortgage
in your home country to finance your Turkish property.2. Financing a new building when purchasing off plan
Payment steps of a new building in Turkey
click
Household costs
costs for electricity connection (to pay only one time) about 66 GBP
electric bill per month : for two persons about 10 GBP
costs for connecting the water (to pay only one time) about 43 GBP
water bill per month : for two persons about 12 GBP
Telephone costs for connecting - about 5 GBP
Telephone bill tax for month about 6 GBP
costs for a phone jack 0,27 GBP
(you need a document of settlement of your turkish mayor where your property belongs to for open a telephone account at Türk telekom)
telefone bill per month