THE TURKISH PROPERTY CENTRE | Buy Property Turkey
 
FREQUENTLY ASKED QUESTIONS

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Question: How can I come to Turkey to view your properties?

Answer: An Inspection Trip may be booked through us at a discounted rate from £199. Upon purchase of any property through The Turkish Property Centre, this cost will be fully refunded to you.

Question: Can I purchase more than 1 property?

Answer: Yes. You can purchase as many properties as you wish.

Question: Can I give The Turkish Property Centre power of attorney to act on my behalf?

Answer: Yes. If clients are in Turkey they can give Power of Attorney to The Turkish Property Centre. If the Turkish Property Centre has POA, they can sign the Sale Agreement and arrange the water and electricity connection on behalf of the client. The client is required to visit the notary during their stay to arrange documentation. We will assist you with this. Power of Attorney can also be given to The Turkish Property Centre from the UK. The procedure for this is as follows: Clients would have to go to their UK solicitor to draw up the power of attorney, this must then be taken to a public notary for certification and then presented to the British Foreign Office for legalisation. This can be done in person between the hours of 09.30 – 16.00, where the paperwork will be processed whilst the client waits, or the documents can be posted to the same address, which is: The Legalisation Office, Foreign & Commonwealth Office, Old Admiralty Building, The Mall, London SW1A 2LG. The cost of legalisation is £12 and postage is £5. If sent by post, please allow 10 working days for processing. Upon receipt of the power of attorney form, this must then be forwarded by post to The Turkish Property Centre, where, it is then required to be translated into Turkish.

Question: If I purchase property, how do I know when to make my payments?

Answer: This will be detailed in the sale agreement, however The Turkish Property Centre will also give clients a payment plan which clearly details when each payment is required. As soon as the payments have been received, The Turkish Property Centre will send you a receipt.

Question: If I own a property in Turkey, is there a limit to the amount of times I can come to Turkey to use it?

Answer: No, there is no limit.

Question: Do I need to pay £10 every time I enter the country?

Answer: A visa is required for ALL British nationals to enter Turkey. British citizens may obtain a MULTIPLE entry visitor's visa valid for 90 days, at their port of entry upon payment of ten pounds sterling in cash. (No coins accepted. Please Note: Scottish currency is also not accepted). During the validity of a current 90 day visa, you may enter and exit the country without the need for further payment.

Question: I want to stay in Turkey long term. Is this possible?

Answer: Yes, it is possible. Non Turkish citizens need to apply for a residency visa. The Turkish Property Centre can assist clients with this process, clients would only need to pay petrol costs for the journey to the official offices where the paperwork would be completed. Fees would have to be paid directly to the local government authorities for the permit.

Question: How long does it take until the property will be in my name?

Answer: Presently it takes a number of months for the Title Deeds to come through. When this happens, the property will be in the clients name. However, it is expected that this process will soon be changed and that Title Deeds will be transferred in a much shorter period of time.

Question: Can the Title Deed have more than one name on it?

Answer: Yes, it can have as many names as you wish on it. The Turkish Property Centre will need passport copies, full names and addresses of all those whose names are to appear on the Title Deeds.

Question: When I die, will the Turkish Government have any claim to my property?

Answer: No, it won't have any claim. The same rules apply here as in English law; in that the husband/wife and/or children would inherit the property.

Question: I have heard that the Turkish Government get a 52% share in each property that foreigners purchase, is this true?

Answer: No, it is not true. The Turkish Government has no share, stake or claim on any property that is bought by either foreigners or Turkish citizens. The property purchased will belong 100% to the buyer. This has been verified by the Title Deeds office in Turkey.

Question: Are properties freehold or leasehold?

Answer: They are 100% freehold.

Question: What kind of taxes will I need to pay?

Answer: A Buyer's Property Tax which will be approximately 1.5% to 3% of the sale agreement price depending on location. Government tax ( Military Clearence Application Fee) is starting from £1000 and it changes depending on its location. A Property Tax – 0.5% of the Title Deed Value. Community Tax – paid twice or once yearly (Approx £8 for the year!) for local services. Earthquake Insurance A new law was passed in August 2003 stating that all persons purchasing property will have to pay Earthquake Insurance to the government. The amount depends on the size of the property and the Title Deed Value. The actual amount to be paid will only be determined once the Title Deeds have been authorised. Once the payment has been made for earthquake insurance, the government will issue clients with an earthquake policy. From this point on earthquake insurance will be paid annually.

Question: If I purchase property, do I have to use a solicitor?

Answer: Technically, no, although we at The Turkish Property Centre will not sell any property to clients without using a Solicitor. This policy guarantees for our client that everything is and has been done legally and ensures complete peace of mind during the purchase process.

Question: Is purchasing property in Turkey a good investment opportunity?

Answer: Currently prices in Turkey (especially in Altinkum) are incredibly reasonable, so owning property is a fantastic investment opportunity. Prices are constantly rising, so purchasing now is a good idea! It is widely believed that Turkey will enter the EU in the future. Once that happens, property prices will increase significantly.

Question: Will I be able to rent out my property?

Answer: Yes. The Turkish Property Centre is proud to announce the launch of their new Rental Website Letsturkey.co.uk for 2008. Through this site, we will advertise and operate as booking agents on your behalf to assist you in generating a rental return from your property. We will ensure the property is cleaned before and after guests use, we will wash the towels and sheets and check the property before guests leave to ensure all is in good order. For this service we will charge 20% of the rental income.

Question: Will I have to pay a tax on my rental income?

Answer: Any tax payable on the rental income is on a self declaration basis. For further information please see the Turkish Economy website: www.turkisheconomy.org.uk/buyingproperty/property_taxes.htm

Question: If we sell our property, can we take all of our money out of Turkey again?

Answer: Yes you can. It would be better to do this via a bank so that money is recorded leaving and entering countries & of course for your own security so you are not carrying large amounts of money.

Question: If I purchase property within a complex, how much would I have to pay annually for maintenance?

Answer: Maintenance costs for complexes vary considerably - from approximately £50 - £90 per month for the upkeep of the complex including Communal Pool and Garden areas.

Question: I will be renting out my property – would The Turkish Property Centre be able to install a key fob in the house for electricity saving? (so that guests do not leave the air conditioning on all day)

Answer: Yes, this is possible. The approxiamate cost of this would be £150.

Question: Is it better to install ceiling fans or air conditioning units?

Answer: It is definitely worth your while to install air conditioning units. In Turkey, an air conditioning unit for the bedroom will cost £200 to £420 depending on the room size, and an air conditioning unit for the living room will cost £400 to £700, once again depending on the room size. Most air conditioning units are split units which means they blow cool air in the summer and warm air in the winter.

Question: Are all properties surveyed before they are purchased?

Answer: A law was passed recently whereby all new properties have to be surveyed, older properties will probably not have been surveyed, however The Turkish Property Centre can arrange this for the client, quotation for the cost of surveys available upon request.

Question: A lot of properties have the facility of solar heating panels. Can these also be used in the winter?

Answer: It is a good idea to have solar heating panels installed if your property does not have this already. Solar heating panels are used in the summer months to heat water. They are ecologically and economically sound. However, on overcast days or days when it is cold, especially in the winter, an electric heating water system is also required. If your property does not have one, The Turkish Property Centre can organise to have one installed, for as little as £25!

Question: If I purchase property within a complex, how much would I have to pay yearly for maintenance?

Answer: The maintenance costs in complexes vary considerably from approximately £150 - £750 per year for the upkeep of the complex.

Question: If we sell our property, can we take all of our money out of Turkey again?

Answer: Yes you can. It would be better to do this via a bank so that money is recorded leaving and entering countries.

Question: I purchase a property that needs renovations, can The Turkish Property Centre organise this?

Answer: Yes, we can. We have a team of highly experienced builders who work for us, so we can easily supply a quote for clients for any work that needs to be carried out. We can also supply clients with progress reports upon request. We do the following: General construction of the main building, installation of kitchens and bathrooms, tiling, painting, plumbing, electrical work, design & construction of swimming pools and/or surrounding gardens.

Question: If I purchase land, can The Turkish Property Centre construct on it?

Answer: Yes, we can. We have a team of architects at the clients disposal should they decide to build on their land. Firstly, we would take the land title deed copy to the government land registry to check that it is in order and from there we will be able to determine how the land can be split (what percentage of the land can be used for the actual building) and what type of property we can construct on the clients behalf (eg: apartment block, duplex, triplex, villa). We will put our findings in a report to the client. Our architects can draw up plans according to the clients specifications, or clients can have their own plans drawn up in the UK, and we can construct from these.

Question: Can I open a bank account in Turkey?

Answer: Yes. The Turkish Property Centre can assist clients with this. Clients will need to take their passports with them for the accounts to be opened. Setting up a bank account is useful for paying utility bills via direct debit.

Question: I plan to live in Turkey. Can I open an interest account? How much interest will I get?

Answer: It is possible to open an interest account. The Turkish Property Centre can assist with this. Interest rates are currently between 21 – 24%.

Question: What are the bank opening times?

Answer: Opening hours vary, but banks are generally open from 9:30am – 5:00pm with a lunch break between 12:30pm – 1:30pm.

Question: What other facilities do banks offer?

Answer: Facilities vary, but most major banks offer money exchange (travellers cheques, foreign currency, eurocheques (but note that they do charge commission for these services). Most banks have a cash point system where holders of Visa, Access, Mastercard, Eurocard and Delta can obtain cash.

Question: What is the crime rate like in Turkey?

Answer: The crime rate is low in Turkey – definitely much lower than in Spain and the UK

Question: Will my property be safe while I’m not in Turkey?

Answer: The Turkish Property Centre has a Property Management division. We do property inspections, when requested, on behalf of the clients, and report back to the clients on our findings.

Question: Can I get building insurance?

Answer: Yes you can. The Turkish Property Center can assist you with doing so

Question: Can I get health insurance?

Answer: Yes you can. The Turkish Property Centre can assists you with this. Turkey does not have a system like the NHS.

Question: Can I have satellite TV installed?

Answer: You can have a satellite dish installed for satellite TV, so you can watch programmes such as BBC World, BBC Prime, CNN International, Eurosport and some other English programmes.

Question: Can I have a telephone installed?

Answer: If you have a residency visa, you can have a telephone installed. Otherwise, no. However, clients can use their own mobile phones from the UK, all they have to do is purchase a SIM card from one of the shops in Turkey on a pay-as-you-go basis.

Question: What is the electricity voltage?

Answer: It is 220 volts. In some areas where power surges are a factor, the purchase of a regulator is a necessity as it smoothes out these surges before they reach the electrical goods in your property.

Question: Apart from Turkish Lira, what other currencies are accepted in Turkey?

Answer: Sterling, Euros and Dollars.

Question: We will be moving to Turkey permanently and want to bring our furniture with us. Is this a good idea?

Answer: Electrical goods are taxed heavily when entering Turkey. The cost of furniture is so reasonable in Turkey that it would be a better idea to sell your furniture in the UK and use that money to buy new furniture here.

Question: What is the best time of year to visit?

Answer: Sunny weather is experienced from May – October. The hottest months are July and August when temperatures can reach 40 degrees celcius. If you do not like extreme heat the months of May / June and September / October would be perfect. Mid September is a particularly lovely time of year, the scenery is lovely in April / May as the country has just come out of it's rainy season, so there are hundreds of wild flowers and the grass is green. In the winter months, it does tend to rain. February is generally the coldest month of the year.

Question: I will be living in Bodrum for a good portion of the year. Can I buy a car?

Answer: Yes. The Turkish Property Centre can assist clients with this.

Question: Is it safe to drink the water from the taps?

Answer: The water in the taps has a high mineral content which will upset your stomachs. It is recommended to drink bottled water at all times .

Question: What are the roads like for driving?

Answer: Driving in Turkey is on the right hand side of the road. Not all drivers observe the ‘Right Of Way’ ruling. Be careful when crossing roads whilst walking, as Turkish drivers generally do not stop at zebra crossings even!

Question: What are the doctors like in Turkey?

Answer: Most doctors in Turkey speak English and are well trained.