If you’re looking for an affordable vacation property that you can also rent out for extra income, Turkey is a great choice. The country enjoys a long summer season from March to November and is filled with lots of tourist attractions. Popular areas like Kalkan, Fethiye, and Altinkum offer great property options. Plus, if you are from one of the 67 countries, including the UK and most of Europe, you can legally own property in Turkey.
Here are some frequently asked questions that might help if you’re considering buying property in Turkey:
**How long does it take to buy a property?**
It usually takes about 8 to 12 weeks to complete the purchase.
**Do I need to make a down payment?**
Yes, most properties require a 10% deposit. The rest is due when the purchase is finalized. If the property is still under construction, the payment terms can be negotiated.
**How can I make payments in Turkey?**
You can transfer money directly to a Turkish bank account, although this might take a few days. Using Western Union is usually faster.
**How can I finance my property purchase?**
Some people use equity from their UK homes, but Turkish mortgages are also becoming more popular. We have a section dedicated to answering questions about Turkish mortgages.
**Do I have to convert the price to Turkish Lira (YTL)?**
No, payments are typically made in the currency the property is listed in, usually Sterling or Euros.
**When will I get my Tapu (Title Deeds)?**
You will receive your Tapu after the sale is complete, including the sales agreement, property searches, and a military background check. This process usually takes about 8 to 12 weeks.
**What is Power of Attorney?**
Power of Attorney allows someone else to represent you in the buying or selling process. Our team can help you with this.
**What documents do I need?**
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 sell my property?**
Yes, you can remove investment proceeds from the country without restrictions.
**What costs should I expect?**
Costs include Agent’s Fees, Land Registry Tax, Stamp Duty, Compulsory Insurance, Legal Fees, and Utility Fees. We ensure transparency and avoid hidden charges.
**How do I pay my utility bills?**
Electricity bills can be paid by direct debit from a Turkish bank account, at the post office, or in person at the electricity office. Other utility bills can be paid at council offices or the post office.
**Do I need to include my property in Kalkan in my UK will?**
Yes, it’s also advisable to have a Turkish will. We can assist you with this simple process.