Legal Information for purchasing a property in
Turkey:
Purchasing property in Turkey is simple at present. The process is often considerably simpler than in most other European countries. Foreigners may buy property and land in Turkey under their personal names and when the time approaches to sell, the profits of the sale may be transferred out of Turkey . Buying a property in Turkey: Sunseeker Properties will arrange an appointment with an English-speaking solicitor who will extract the contract. To take the property off the market a deposit is required to be paid. Viewing trips: Sunseeker Properties can arrange viewing trips for you all year around from most of the major airport in United Kingdom . Payment Terms: The payment terms can differ but the subsequent is a standard
example of a payment proposal for new property with no mortgage. |
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10 % Deposit on Initial Contract. |
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10 % Interim Payment must be made within 14 – 21 days of the Initial contract. |
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30 % Interim Payment after the completion of Super Structure. |
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50 % Balance to paid on completion of property. |
Almost all properties in Turkey are Freehold properties. Mortgages: Unfortunately there no mortgage corporations in Turkey that may offer you mortgages yet. However, to buy a property in Turkey you may get a re-mortgage on your existing property in United Kingdom . You may make a decision to raise funds to buy a property abroad, by way of re-mortgaging your own property in the UK . With interest rates so low this is an admired choice. We can organize for impartial advice on this service. Extra expenses when buying property in Turkey : We suggest as a guide to your budget for extra costs of approximately
10% of the purchase price of the property. Includes approximately: Annual costs: Yearly costs for managing a house/villa or apartment in Turkey much cheaper than United Kingdom . Roughly these annual outgoing will be between £ 400 - £700 per annum according to the size, type of the property and how much its in use. These include: |
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Property Tax: (£30-£100) |
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Local Rates: (£15-£30) |
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Electricity: (£60-£75) |
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Water: (£60-£75) |
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Bottled Cooking Gas: (£30-£60) |
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Pool Chemicals: (£70-£150) |
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Garden Maintenance: (£50-£100) |
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Communal Charges for Apartments: (£100 - £300) |
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House and Content Insurance: (£30 - £100) |
Rental Income of the property depends on size, type, and location of your property, there is rental potential all year round. Sunseeker Properties will be pleased to put forward advice and assistance. Other services Sunseeker Properties can help you with other needs and desires you may need help with. These may be purchasing furnishings, attaining building and contents insurance, organizing cleaning services, controlling your property or even locating decorators or builders.
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