What
nationalities can buy a house in Turkey?
Turkey has a reciprocal agreement for the
purchase of land and properties with the following countries; USA ,Germany,
Austria, Switzerland, Belgium, Holland, England,Denmark, Ireland, Spain, Italy,
Canada, Luxembourg, Norway, Australia, France, Greece, and some other African
and South American states.
What
documentation will I need?
Your passport is the only documentation you
will need to purchase a property in Turkey.
Do I
need to obtain citizenship before I buy?
No, non citizens and non residents can buy
a property in Turkey
Do I
need a visa entering Turkey?
Yes, most nationalities require a Visa to
enter Turkey. This can be obtained at Immigration once you arrive in Turkey -
Visitors Visas currently cost 10 Euro
for an Irish National and STG 10 Pound for a UK Citizen. Prices vary depending
on nationality, so if you hold another passport, please check with your local
Turkish Embassy.
How
long can I stay in Turkey on the normal Visitors visa?
Visitor Visas are valid for 3 months.
Do I
need to open a bank account in Turkey?
Most people do open bank accounts so funds
can be transferred prior to travelling and so funds are available for contract
completion. Direct Debits can also be set up to pay utility bills.
As a
property owner, do I need to register for Tax in Turkey?
Yes, but this is a very straight forward
procedure which we can guide you through.
Can
I get a house and contents insurance in Turkey?
Yes, many well known international
insurance companies and local Turkish companies offer building and contents
insurance. Earthquake Insurance is now compulsory in Turkey and is readily
available and a straight forward transaction.
How
will I set up Utility Services - Gas, Electricity, Telephone?
As part of the buying process we will
assist you to do this. Telephone Lines
are offered to non nationals who gets residence permit for 5-10 years in
Turkey. Mobile phones with Pay As You Go
Cards are readily available.
Is
satellite TV available in Turkey?
Yes, a wide range of satellite TV services
are available in Turkey.
Will
I be able to rent my property on long term or short term basis and if so what
can I expect to get rental?
Turkey is an ever increasing destination
for Europeans, and resorts are also popular with Turkish tourists during the
summer months.Long term Rentals are normally on 6 months or 1 Year Basis. 6
month rentals would normally be for summer months, so if you want to use your
property, then long term options would not be feasible.
Properties can also be let out on a daily
and weekly basis. Prices are property and time of year dependent.
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.
Because of the change in law (Decree 32
August 1989) the lira is now convertible so proceeds of the sale of a property
can be converted to what ever currency and subsequently transferred to any
country you choose.
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.
Can we get private health insurance in Turkey?
Yes, Private Health insurance is readily
available in Turkey and costs again are
considerably cheaper than at home.
Individuals who are travelling to Turkey for 3 months or less and hold private
health insurance at home should be covered, but please check this with your
Insurer before travelling.
Will I have to pay tax or charges when
bringing funds into Turkey?
There are no government charges for
transferring funds but your bank at home will charge you transfer fees and
receiving banks in Turkey normally have a small charge also. There are
government tax charges when buying a property and annual property taxes also.
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. Again small bank charges may
apply.
What legal representation should I have
when buying a property in Turkey?
Under Turkish Law, no legal representation
is needed when buying or selling a property in Turkey as all documentation
issued by the Land Registry Office are legally binding in their own right.