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Frequently Asked Questions
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Q: Do I need to have a residency permit? |
A: If you are planning to spend more than 3 months a year in Turkey it is recommended you obtain a residency permit. |
Q: Are the properties Freehold or leasehold? |
A: They are freehold. |
Q: Can I purchase more than one property? |
A: Yes, you may purchase as many properties as you wish |
Q: Can I get a mortgage from a Turkish Bank? |
A: At the moment Turkish Banks do not offer a mortgage system to foreigners. However some UK banks have started to offer mortgages for Turkish property.
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Q: How do I arrange a viewing trip? |
A: Contact the Artemis Constructin office on the UK number 0845 389 1704 or by email and they will make the necessary arrangements.
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Q: If I purchase a property is there a limit to how often I can visit Turkey? |
A: No, there is no limit on how often you can visit Turkey. |
Q: What is the process of buying a property? |
A: The basic procedure is that after choosing your property a deposit is paid, a payment plan is set up and a contract is signed. Permission from the Aegean Army is then applied for. On approval from The Aegean Army the final balance is paid and the Title deeds are converted into the buyer’s name. |
Q: What kind of taxes will I need to pay? |
A: A Buyers Property tax, which will be approx. 1.5% to 3% of the sale agreement price, annual property tax , Community tax – paid twice or once yearly for local services, |
Q: How much deposit is required? |
A: Usually at least a 10% deposit is required. |
Q: Will I be able to rent out my property? |
A: Yes. Artemis Construction can assist clients in renting their properties out. We will advertise your property on our website & in our offices free of charge.
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Q: Who will look after my property while I am away? |
A: Artemis Construction offer a property management service, where we are able to check on your property and pay bills on behalf of you. |
Q: Do I need a solicitor? |
A: Not necessarily, a property in Turkey can be purchased directly from the land registry office. However, to protect the buyer Artemis Construction will only sell property through a solicitor. |
Q: What are the advantages of buying off plan? |
A: Purchasing off plan, at a price below the market value of the property gives the buyer the chance for greater capital appreciation. |
Q: Is buying a property in Turkey a good investment? |
A: Yes, as the prices of residential property are very reasonable at the moment compared to other European markets.
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Q: If we sell our property, can we take all of our money out of Turkey again? |
A: Yes you can. We advise you to transfer the money out of the country via a bank so that the money is recorded leaving and entering both countries. |
Q: What is the best time of year to come over? |
A: Between April and October is the warmest and most pleasent time to visit Turkey. Be aware that in July and August it is very hot and crowded in the resort areas. |
Q: How can I get a residency permit? |
A: This involves a visit to the foreigners section of the local police headquarters with the relevant paperwork. |
Q: What paperwork do I need for a residency permit? |
A: You will need copies of your passport, title deeds, bank account details, 5 photos’ and the relevant fee. |
Q: If a die, will the Turkish Government have any claim on my property? |
A: No they won't. The property will be inherited between the remaining spouse, children or parents. |
Q: Are their flights to Turkey in the winter? |
A: Yes, you can fly direct to Izmir or Dalaman or via Istanbul to Bodrum. |
Q: Can I bring my own furniture across from UK? |
A: It is quite a lengthy and expensive procedure to ship furniture from The UK and it is not something we recommend. Turkey offers a good selection of furniture to buy which is reasonably priced and it is an easier option. |
Q: What is the crime rate like in Turkey? |
A: The crime rate is low in Turkey – definitely much lower than in Spain and the UK |
Q: Apart from Turkish Lira, what other currencies are accepted in Turkey? |
A: Sterling, Euros and American Dollars. |
Q: Can I have satellite TV installed? |
A: Yes you can, you will receive programmes such as BBC World, BBC Prime, CNN International, Eurosport and some other English channels.
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Q: Can I have a land line telephone installed? |
A: If you have a residency visa, you can have a telephone installed. |
Q: What is the electricity voltage? |
A: 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. |
Q: If I purchase property within a complex, how much would I have to pay yearly for maintenance? |
A: Maintenance costs for complexes vary from approximately £200 - £700 per year for the upkeep of the complex. |
Q: Can we drink water from the tap? |
A: The tap water has a high mineral content. It is recommended to drink bottled water at all times . |
Q: Can I open a bank account in Turkey? |
A: Yes, all you need is your passport. |
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