In Altinkum/Didim/Turkey can anyone buy property which is for sale?
Turkey has a reciprocal agreement for the purchase of land and properties
with the following countries: England, Scotland, Wales, Ireland, Germany,
Austria, Switzerland, Belgium, Holland, Spain, Italy, Canada, Luxembourg,
Norway, Australia, France, Greece and some other African and South American
States.
Which areas in Turkey can foreign nationals buy?
Provided the property is within the boundaries of the local government
(which ours are) and not in a sensitive area, the above listed foreign
nationals may purchase a freehold property.
What documentation is required?
4 passport sized photographs, a tax number and a bank account (all of which
we would assist).
How long does it take to get the title deeds?
The delivery of title deeds would usually be on the date of completion.
Do I need a Turkish solicitor?
According to Turkish Law, it is not a requirement to have legal
representation during the purchase or sale process of a apartment/duplex or
other property. However, as most foreign nationals do not speak fluent
Turkish we would recommend you hire the services of a local solicitor whom
would seamlessly arrange for all paperwork to be in order and arrange all
utility connections (Water and Electric meters). Please Note: We can
recommend a number of solicitors all of which would be independent from
ourselves.
Do I have to purchase using Euros?
The properties for sale are in GBP but can be converted to Euros using the
banks exchange rate of the day.
Should I get the property surveyed?
There is no requirement on your behalf for this, as according to new
building legislation all new buildings must be independently surveyed.
Can there be more than one name on the title deeds?
There is no restriction on the number of the names that can appear on the
title deeds.
How long can I stay in Altinkum-Didim-Turkey on the normal Visitors
visa?
A Visitor's Visa allows multiple entries and are valid for up to 3 months
(£10 to be paid upon arrival at the airport).
Are mortgages available in Turkey?
Mortgages are available up to 75% of the purchase price or valuation with a
maximum term of 20 years (depending on personal circumstances - see finance
section)
Is there capital gains tax charges or any other taxes if/when I sell my
property in Turkey?
Capital gains from the sale of a property are taxable in Turkey if the owner
is a Company. Individuals do not have to pay capital gains, provided they
have owned the property for more than four years. If your normal place of
residence is Ireland and you are categorised as a normal tax resident, then
capital gains may be taxable in Ireland (please seek independent financial
advice).
Can I get house and contents insurance in Turkey?
Yes, many well-known international insurance companies and local Turkish
companies offer building and contents insurance.
How much are the Utility bills in Altinkum-Didim?
Difficult to be precise as it varies dependant on the number of persons
residing and their usage.
Gas is normally used for cooking. Cylinder refills cost approximately £22 (a
deposit is taken for each gas cylinder).
Electricity is cheaper than UK approx £0.12 per kilowatt. Bills are payable
at a local bank or directly at the Turkish Electricity Board (TEK) office.
Water costs approx £1.80 per 1000 litres on mains supply and £1.60 per 19
litres of drinking water.
How will I pay these bills when I am not in Turkey and if the property
is being rented?
Just as at home you can arrange for Direct Debit or Standing Order.
Are there any other annual costs I need to be aware of after I have
purchased a property?
Community fee's for maintenance of communal areas of a site (Lighting, Pool
and Gardens) £500 per year.
Utility Bills (dependant on usage)
Council tax which is approximately £100 per year.
House and contents insurance will be approximately £180 per year.
If I want to sell my property in Turkey, are there any restrictions and
what are the costs?
Resale costs would be approximately 5% comprising of sales tax, local
documentation and legal fees. Property may be sold to Turkish, or foreign
nationals without restriction.
Can I bring my pets?
Yes, currently you can bring one cat, one dog, one bird or ten fish to
Turkey by obtaining a certificate of origin and a certificate of health not
more than 15 days prior to travelling. Airlines will also need to be advised
of your intention to bring a pet with you when booking your flights.
If I sell my property, can I freely transfer my funds out of Turkey?
Yes, Turkey has a very liberal investment climate, including free
(international) movement of capital, profits, dividends and salaries,
free-trade zones and subsidies.
Is satellite TV available in Turkey?
Yes, a wide range of satellite TV services are available in Turkey.
What are the medical and dental care facilities in Turkey?
Turkey has both public and private facilities available. Private facilities
are to a very high standard and costs are approximately 40-50% cheaper than
other European countries.
Should I make a will to cover my property?
We would recommend you should make a Turkish Will and leave your property to
your preferred beneficiaries - seek advice from your Turkish Solicitor.