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Buying property in Turkey- Below are a number of questions and answers which have been most frequently ask by our customers. Q Are all properties freehold? A: Yes- the properties which we sell are all freehold properties, the same as freehold properties in the UK. Q Who sets the price of the property? A: On new developments the developer sets the prices and with resale properties the owner sets the price in relation with the current market value. Some developments are advertised with several estate agents which may put there own price on the property, however you should only pay the price set by the developer. We deal directly with a construction company and it is more beneficial to deal this way as this enables you to get the true price for the property, we have also many years of experience in property selling and we will ensure that the buying process is smooth and stress free. We will endeavour to meet expectations and keep standards high. Q What is the buying process when purchasing property off plan A: This method of buying has been used by smart investors for years. You simply choose the property you like in the right location, then you pay a reservation fee of £2,000 followed by a 30% deposit within four weeks. The remaining 70% minus the deposit is paid in four stage payments throughout the development. The first payment when the concrete skeleton is in place, the second when all the brick work is finished, the third payment when all the internal and external tiling has been completed and the final payment on the completion of the property. Q: When buying what documents do I require? A: You require two passport sized photographs and a copy of your passport which will be translated into Turkish. These documents are then sent off to be checked by the Turkish army to ensure that the purchaser has no record of criminal intent or activity against Turkey. They will also search the property to insure that it is not in a military zone or an area which is intended to be used for such purposes. Q: What happens when all the necessary checks are completed? A: You will appoint a lawyer who will carry out the pre-completion checks. After this process you or a power of attorney will go to the land registry office and sign a deed of transfer in front of an official officer, who will then record you as the official owner of the property (Like in the Uk the tapu is your deeds of your home). The property tax is paid at this stage, however if the property is a new build you will be exempt from the tax. Q: What are the hidden costs after purchasing? A: When buying property from our own developments the price agreed is the final price you pay. We will pay all the necessary taxes and also the legal fees thus reassuring you ever step of the way. However, when purchasing resale properties not owned by us the costs will be approximately 10% of the purchase price shown as follows, 4% purchase tax (however new properties can be except from this) 6% to the property brokers, and finally the legal fees. Q: Are there a good variety of banks which are English speaking? A: Yes the majority of banks have English speaking staff to help assist you. However, we have elected to work with the HSBC bank in England and Turkey. Our staff will arrange for you to set up English and Turkish accounts. The HSBC bank in Turkey also provides you with telephone and internet banking in English. When purchasing property from us all transactions will be transferred to our HSBC banking account in Turkey. Q: Is Turkey part of the double taxation treaty. A: Yes Turkey is part of the double taxation treaty with numerous other countries of the world including the UK and Ireland. Q: What fees should I pay when buying property on a site? A: Prices start from £150 per year however can vary from development to development, this charges will be explained before you purchase a property and the price will be governed by Turkish law. Q: If I decide to move to Turkey how will I fit in with the locals. A: Turkish people are renowned for there generosity and hospitality, St Nicholas was from Turkey, and the Turkish culture seems to have followed in his footsteps. You should have no problems fitting into the culture. Q: How safe is the Country? A: Like anywhere in the world crime does exist, however Turkey is a very safe country with a low crime rate. Q: How good is the healthcare and is it expensive? A: According to research the standard is above average. Private health care insurance is available in the UK and Ireland and is accepted in all the private hospitals in Turkey. You can also purchase health insurance in Turkey. Q: In comparison to the UK and Ireland how does the cost of living compare? A: As Turkey provides most of its produce the cost of living is approximately 50% cheaper than in the UK and Ireland. Due to the climate it has many renewable resources for example hot water and electricity through solar energy. Q: What is the standard of the schools and colleges? A: The education system in Turkey has been improved over the years to meet European standards. There are numerous government and private schools offering a high standard of education. Q: What is the standard of the restaurants? A: The Turkish cuisine is renowned for its flavoured meats, spices, fresh vegetables and salads. As Turkey is a Muslim country pork is not available on the menu. Other major cuisines are also available including, English, Italian, and Indian restaurants. Q: Can I take my pets to Turkey if I decide to live there permanently. A: Yes providing you have a pet passport and records from your local vet. Assistance with this can be arranged by our company lawyer. Q: Is work permits available in Turkey? A: Yes, you can attain a visa which allows you to work for up to 5 years before it has to be renewed. This can also be arranged by our company lawyer. Q: Is Turkey a democratically run country? A: Yes, it has the same governments system as the UK and Ireland it is also a permanent member of NATO. All the above
questions and answers will hopefully provide you with all the relevant
information you require to purchase a property in Turkey for a holiday
home, retirement or for investment. We can help assist you with
all your questions so that the buying process is stress free and
as enjoyable as possible. Live the dream... choose Sutton Kersh
Abroad. Altinkum
/ Akbuk >>
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