Property Buyers Guide

Buying a property in Turkey is a lot easier than in many other European countries. You can purchase land and property in your own name (or in several names if you are buying with a partner of friends), within the borders of municipality areas.

In order to acquire the title of a property, an application has to be submitted to the local Land Registry Office where the property is situated. After carrying out necessary searches and checks by Izmir Aegean Army, the transfer of the title is done by the Land Registry Office.

Summary 7 Steps

1-Agreement: Signing agreement with the seller and 10% deposit paid to reserve your new Turkish property from being sold to someone else. Agreement should include the delivery of the property, payment conditions, hidden costs, possible legal surcharges and other aspects.�

2-Bank Account: We open bank account on your names , one is in English Pounds(�) for you to transfer the money and one in Turkish Lira(TL) for you to use in the future for direct debit for your utilities.

3-Passport Pictures: To be used in the utilities office (electricity, water), land registry and for your title deed (TAPU) 8 copies required.

4-Translation: Passports translated into Turkish by a sworn translatorfor legal procedures to be done.

5-Notary(Solicitors): This is the final stage where you give Apple Estates the ’Power of Attorney’ to make the necessary checks, surveys, buy the property on your behalf, connecting your utilities (electricity, water, gas)in your name and paying taxes and doing all paper work in order to get the tittle deed on you names.

6-Government approval: With all the paper work we have, we apply to Land registry Office in Fethiye and send your papaer works to Izmir Aegean Army to check that the property you are buying is near the military zones or not. The Turkish Government needs 3- 10 months to approve your permission to buy property.

7-Finally: When permission is delivered to the deed office in Fethiye, we contact you to inform you that all paperwork completed, taxes paid and utilities connected by your Power of Attorney. Your deeds (TAPU) can be sent to you or we can look after them for you until you return to Turkey.

Hidden Costs Incurred Buying Property in Turkey

Purchase Tax: 4 % of Sale price to be paid to government

Cartography Office: Approx. 35 GBP to be paid to Cartography Office to get the map of the area to sent to Izmir Aegean Army
Fethiye Municipality 1/5000 Map: Fethiye Municipality will charge you Approx. 400 GBP for selling the map to be used in the title deed process. The price vary for different municipality areas.
Compulsory Government Building Insurance (DASK): Approx. 50 GBP to insure your house for building only. It s compulsory by government since 2000.

Agents Fee: For all of our services we will charge you 3% of the sale price.

Mortgages

     Investing in Turkish property couldn’t be easier and with UK interest rates still at a relatively lower and stable level, this could be your time to invest for the future. All it takes is one quick telephone call or email, either from Turkey or from home in the UK and your home buying finance could be secured within 24 hours.

    The Apple Estates Mortgages provides a friendly, personal and professional service for buying property in Turkey. We conduct all our business over the telephone or via the internet and this means you will receive the latest mortgage market information, when and wherever you want- saving you time and money. You will be given your own personal mortgage consultant who will manage your enquiry. They will research the entire UK lending market to find the best mortgage to suit your Turkish property needs in Fethiye.

     And the Apple Estates Mortgages do not charge fees. All the information provided is without charge and obligation.

    Equity Release - How it works

     At the present time there are no facilities to borrow money from Turkish banks for house purchase, however an alternative is to fund your Turkish property using Equity Release from your property in the UK.

     Example: You have a house in the UK is worth £200,000 and your current mortgage is £40,000, the equity in your UK property is the difference between the two = £160,000. In this example you want to buy a property in Fethiye for £100,000, you can release the available equity by remortgaging on your UK property to £140,000 to include the cost of your Turkish home.

   Our Service

   Our mortgage service is fast and friendly with no need for face to face interviews. We conduct all our business over the telephone or via the internet which means you will receive the latest mortgage market information, when and wherever you want effectively, saving you time and money. We have access to over 300 UK mortgage lenders with over 3500 different mortgage products to choose from. 24hr Decision in principle and an immediate case assessment for anyone wishing to buy a property in Turkey.

    All the information provided is without obligation.