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Buying property in Turkey

Buying property in Turkey

Buying property in Turkey

Turkey's economy is strong. It goes very well .
At the end of 2011 Turkey stood out of a recession and had a growth rate last quarter of 6%.
The forecasts for 2012 made ​​sense , and in the first quarter , growth was double digit .

The Turkish recession hit hard but was able to recover quickly .
Much thanks to the banking crash of 2001 made many reforms introduced in the banking sector .
So during the recent crisis the turkish banks were protected and there were no costly action by government.

Banks have a good economy , it means easier access to credit for business and it means fewer bankruptcies.
However , unemployment is high around 8.6 %, but with the strong economic growth it is believed to be recover.

Because of the crisis in 2001 is the Turkish lira isnow one of the safest currencies in the world .
It is alot because of its secure banking systems.

Tourism is growing every year with more than a 1/2 million visiting tourists.
During the high season it is nearly 3 million visitors per month.

Purchase process , what documents are required?

Your passport and passport copy
6 photos in passport size.
Bank account in Turkish bank.
Turkish tax number.
A state employee with a notary who gives us a one-time proxy so we can complete the purchase for you if you have to go home until everything is clear.
Costs arising at purchase

Proxy approximately 100 Euro
Translator : About 50 Euro
Photo: About 10 Euro
Transaction Cost , 4% of assessed value.
Title Deed : Tapu in Turkish

 

Lagfart; Tapu på Tukiska

A Tapu is the official document that shows that you own all rights to the property. The owner's full name and photograph, and detailed information on the assets shown on this document .

Annual spending on ownership of property in Turkey

Property tax ( Emlak Vergisi )

About 0.01 % of the property value declared by the respective municipalities ( due by May of each year). In most cases , the annual property tax for a 2 bedroom apartment in Alanya region is about 100 Euro .

Additional costs for electricity and water consumption.


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