BUYING A PROPERTY IN TURKEY

WHO CAN BUY
All citizens of E.U, UK, USA and countries who have a reciprocity agreemnet with the Turkish government may own, buy, sell a propery in Turkey. Please note that military and governmential areas or land cannot be purchased

Capital gains made from the sale of a property will be taxable in Turkey if the owner is a Company. Individuals do not have to pay capital gains, provided they have owned the property for one year. Unlike Spain and the Canary islands, when you sell a property in Turkey, all proceeds from the sale can be sent back to the U.K

TENURE OF A PROPERTY
Almost all property in Turkey is "Freehold".

MORTGAGE / FINANCIAL ADVICE
There are currently no mortgages available for a foreign citizen secured on a Turkish property. Recent changes in legislation means in theory that it is possible, but the logistics makes it very difficult. Aquavista Property Consultants Ltd is currently in discussion with several Turkish banks to resolve these issues to provide this facility to our clients. There are alternative means of funding a purchase of your property and Aquavista Property Consultants Ltd have an independent financial adviser who can discuss with you the options. Please contact us for further information.

THE PROPERT DEED - (TAPU in TURKISH) ** ALL SERVICES PROVIDED BY OZDOY CONSTURCTION ***
When you buy a property in Turkey, you are given two deeds one of which is the deed of the land amd the other is the deed of the area. This is issued first and will show the new property owners name. According to Turkish law as long as the owners name is on the arsa tapu then they own whatever is on the land. An application must be made to the local council offices for a living license (the second tapu - OTURMA IZNI). This is done by the property vendor (i.e. the builder), and is only issued once the building has been inspected to comply with the building application. Once this has been granted the tapu will show the words CINS TASHIHI that confirms the classification on the property. In the case of re-sale property the OTURMA IZNI should have already been granted, but must be checked it is shown.

MAINTENANCE SERVICES
For your peace of mind, if you are a non-resident, all our Developers and Real Estate companies offer a full maintenance service to ensure your property is kept in A1 condition during your absence. Details of services and costs are available on request in relation to a particular property.