If you’re interested in owning a budget-friendly property for regular vacations and rental income in a country that enjoys a long summer from March to November, with plenty of tourist attractions, Turkey is a great option. You might want to start by looking at Kalkan Properties, Fethiye Properties, or Property Altinkum in Turkey. People from 67 countries, including the UK and most of Europe, are allowed to own property or land in Turkey. Here are some frequently asked questions to help you make an informed decision about buying international real estate:
**How long does it take to acquire a property?**
It usually takes about 8-12 weeks to complete the process.
**Do I need to make a down payment?**
Yes, most properties require a 10% deposit, with the remainder due upon completion. If you’re buying a property that hasn’t been built yet, the payment process can be negotiated.
**How can I make payments in Turkey?**
You can transfer money directly to a Turkish account, which might take a few days. Alternatively, using Western Union is typically a quicker option.
**How can I fund the purchase of my property?**
Some people choose to release equity from their UK home, but Turkish mortgages are becoming more popular. We have a section dedicated to answering any questions you might have about Turkish mortgages.
**Do I have to convert the selling price to Turkish Lira (YTL)?**
No, usually payment is made in the currency in which the property or land is sold, often in Sterling or Euros.
**When do I receive my Tapu (Title Deeds)?**
You will receive your Tapu after completing the sale process, which includes the sales agreement, all relevant property searches, and the required military background check. This typically takes about 8-12 weeks.
**What is Power of Attorney?**
Power of Attorney allows someone else to represent you during the buying or selling process. Our team can assist you with this.
**What documents are necessary for property purchase?**
You will need your passport, passport-sized photos, a tax number from the Kas tax office, and an official translation of your passport.
**Can I take the profits out of Turkey if I decide to sell my property?**
Yes, there are no restrictions on taking your investment proceeds out of the country.
**What costs can I expect to incur?**
Costs include Agent’s Fees, Land Registry Tax, Stamp Duty, Compulsory Insurance, Legal Fees, and Utility Fees. We ensure transparency and avoid hidden charges throughout the process.
**How do I settle my utility bills?**
You can pay electricity bills through a Turkish bank account by direct debit, at the post office, or in person at the electricity office. Other utility bills can be paid at the council offices or post office.
**Do I need to include my property in Kalkan in my UK will?**
Yes, but it’s also a good idea to have a Turkish will. We can help you with this simple process.