If you fancy owning an affordable property you can use for regular vacations and also lease for additional income, in a country blessed with a long summer season spanning from March to November, coupled with numerous tourist attractions, then Turkey is your ideal choice. Kalkan Properties, Fethiye Properties, or even Property Altinkum in Turkey can be your first step. As a citizen of any of 67 countries including the UK and most of Europe, you are permitted to own property or land in Turkey. Below are some Frequently Asked Questions (FAQs) that might be beneficial in your decision-making process of buying international real estate:
How long does it take to acquire a property?
The completion time is typically 8-12 weeks.
Do I need to make a down payment?
Yes, most properties require a 10% deposit, with the balance due upon completion. The payment process can be negotiated if you are buying an unconstructed property.
How can I make payments in Turkey?
Direct monetary transfer to a Turkish account is an option, albeit it may take few days. Alternatively, you can use Western Union, which is usually faster.
How can I fund the purchase of my property?
Some people choose to release equity from their UK home, but Turkish mortgages are now becoming increasingly popular. We have a section dedicated to any questions you may have regarding Turkish mortgages.
Do I have to convert the selling price to Turkish Lira (YTL)?
No. Payment is normally made in the currency that the property/land is sold in. Usually, this is either in Sterling or Euros.
When do I receive my Tapu (Title Deeds)?
After completing the sale process – including the sales agreement, all relevant searches on the property/land, and the required military background check – you will receive your Tapu. It usually takes about 8-12 weeks.
What is Power of Attorney?
Power of Attorney is a legal term that means you allow another party to represent you during the buying/selling process. Our team can assist you throughout this procedure.
What documents are necessary for property purchase?
You will need your passport, passport-sized photographs, a tax number from the Kas tax office, and official translation of your passport.
Can I take the profits out of Turkey If I decide to sell my property?
Yes – there is no restriction on removing the investment proceeds from the country.
What costs can I expect to incur?
Several fees are involved in property transactions, including Agent’s Fees, Land Registry Tax, Stamp Duty, Compulsory Insurance, Legal Fees, and Utility Fees. Our service avoids hidden charges and maintains transparency throughout the process.
How do I settle my utility bills?
Electricity bills can be paid through a Turkish bank account by direct debit, at the post office or in person at the electricity office. Other utility bills are paid either at the council offices or the post office.
Do I need to include my property in Kalkan in my UK will?
Yes, but it is advisable to also ensure you have a Turkish will. We can assist you with this straightforward process.
