In order to make buying a property in Turkey a simple, exciting, and safe experience, it is recommended to find a real estate agent specializing in selling real estate through brokerage. However, you should conduct research on them before contacting them to confirm that they are respectable and accredited, as there have been reports of unregistered agents attempting to sell property to foreigners. Once you've confirmed their credibility and checked up on the agent via peer ratings, their website, and office address, contact them to discuss your pricing range and needs, since they may have more listings on hand than what they display on their website. Property ads may be found in newspapers, on websites by search engine or on social media platforms.
Furthermore, Damasturk realty website is a wonderful resource for not just knowing about what's available and what the prevailing pricing for properties in a given location is, But it provides you with all the details and features that related to real estate and its registration procedures to obtaining Turkish citizenship. You may search for apartments for sale in Istanbul , villas for sale in Istanbul , commercial properties for sale in Istanbul , or any type of properties for sale in Turkey by putting in the province and district where you want to look, or you can use the handy map tool to zoom in and out to obtain a useful overall overview of availability and pricing to help you decide.
Turkey is a captivating blend of culture, breathtaking landscape, welcoming communities, delectable cuisine, and beautiful beaches. You can locate your ideal property in Turkey on our website, which has a large number of villas for sale in Turkey , apartments for sale in Turkey , and commercial properties for sale in Turkey , as damasturk is your best helpmate, through which you can find the most up-to-date properties in Turkey.
Turkey is one of the world's most beautiful and intriguing countries. It is rapidly modernizing and is presently the sole Muslim country that boasts a heady mix of eastern and western cultural influences. Turkey has been inhabited for almost 10,000 years, and many of history's greatest civilizations have called it home. Throughout Turkey, there are beautiful ruins, historic churches, forts, and castles.
Even in the midst of Istanbul's crowded streets, Turkey is an extraordinarily welcoming country. If you visit the smallest towns along the Turkish coast, you will find the people friendly and hospitable. Turkey's 800 km of coastline is surrounded by four separate seas, making it an enticing location for beach real estate and fun in the sun. Every year, hundreds of tourists go to resorts and villages such as Altinkum, Fethiye, Antalya, Marmaris, and Bodrum for summer vacations by the sea, and real estate in Turkey is as diverse as the nation itself.
Turkey plays the main role in the international scene, hosting an increasing number of foreigners. As Turkey is located between the East and the West, it combines the best of both worlds. As is known, Turkey has always been a desirable place for foreigners because of its amazing climate, landscape, culture, and history. The country is providing a plethora of opportunities for business people, professionals, students, and retirees to come and invest in turkey properties , especially for foreigners and expatriates who wish to live in Turkey or want to obtain Turkish citizenship by investment within two months or less. Expats are drawn to the nation because of its "Asian" economic ability and "Western" quality of life. Because of this mix, Turkey is a fantastic investment opportunity.
Turkey is not only one of the most popular countries for second citizenship, but it also has a very appealing real estate market that may provide a good return on investment. Istanbul, for example, is a desirable location for real estate investment since the city has witnessed a lot of big and really great developments, such as suburban projects and penthouses in some of the city's most prized areas.
Turkey is a very popular tourist and real estate target for people from all over the world. Therefore, many individuals around the world are wondering whether they can buy a property in Turkey or not.
Actually, in Turkey, properties can be purchased by people of almost any nationality. Due to the legislation of reciprocity, people from more than 40 countries were unable to own properties in Turkey before 2012. However, almost all nationalities can now own properties in Turkey, according to modifications enacted by the Turkish government in 2012, with the exception of Syria, North Korea, South Cyprus, Armenia, and Cuba.
Therefore, many foreigners have already bought properties for sale in Istanbul , properties for sale in Antalya , properties for sale Trabzon , and many other locations because of the country's attractive qualities and high rates of return on investment. Furthermore, some of these purchasers were granted Turkish citizenship by investment under Turkish legislation, which allows foreigners who buy properties in Turkey worth at least 250.000 USD to get Turkish citizenship. Turkish citizenship stands out among comparable programs across the world since it is a simple and quick process. Iranians are at the top of the list of nations who have purchased the most properties in Turkey. Iranian nationals purchased 459 properties in Turkey in January. Iraq came in second with 385 homes, followed by the Russian Federation with 260, Afghanistan with 168, and Yemen with 88.
In Turkey, almost any nationality may purchase real estate, except for five nations that are prohibited from purchasing property in Turkey: Syria, North Korea, South Cyprus, Armenia, and Cuba.
So, you can buy property in Turkey if you are not a citizen of one of the five nations mentioned above. Furthermore, Turkey does not even seek the reciprocity principle in the sale of international real estate. As a result, even if Turkish residents are unable to own properties in your home country, you still can purchase property in Turkey.
For foreigners, purchasing a home in Turkey is a simple procedure. Here, we'll take you through the full process, from finding the perfect home to making sure all of the paperwork is in order to successfully complete the sale.
In this article, we'll take you through everything you need to know before, during, and after purchasing a home in Turkey:
First and foremost, you must pick where you want to live and what you want to accomplish. Then make a list of the property's most important attributes.
For each of our clients, we appoint a sales representative. All of our real estate agents are highly experienced, multilingual experts with extensive real estate industry expertise. Throughout the purchasing process, you will be in contact with the same sales representative.
Our estate agents pick up customers from their hotels or other accommodations and take them to the houses they want to see. Our estate agents are always available to accompany clients in our comfortable automobiles if they so wish. We will never be pushy with you, and we will listen to your wants and needs in order to identify the ideal choice.
When you come to an agreement to purchase the property, the project developer or property owners are also invited to our office, and a sales contract is written based on the property specifics, with your preferences included with the consent of the property developer/construction firm.
Our sales contracts are drafted by our lawyers, and we will go over all of the sections and details with you before we sign them all together.
When the buyer signs the contract, he pays a deposit of 10–15% of the agreed-upon sales price to reserve the property.
The price may differ based on the vendor or the status of the building. Please keep in mind that if you cancel the purchase after signing the contract, you may not be able to recoup your money.
There are several official steps to follow in order to finish the purchasing process, such as acquiring a tax identification number, opening a bank account, and appointing someone through a Power of Attorney to complete the purchase process for you.
In order to purchase real estate in Turkey, you must first obtain a Turkish tax number from the tax administration office.
In order to conduct money transfers, pay taxes and utilities, and so on, you must first create a bank account in one of Turkey’s banks.
If you are unable to appear in person for all of these processes, you may grant us, your lawyer, or another legal agent power of attorney to act on your behalf.
The Power of Attorney will include your name and a photograph of you. If the buyer so desires, she or he can grant us power of attorney at the Notary Public in order for us to get an ISKAN report, establish water and electric subscriptions, and follow other legal procedures. The buyer and a sworn translator should be present at the public notary office, and the process should take no more than an hour.
By granting power of attorney, you save yourself from having to fly to Turkey many times for documentation.
After signing the sales contract with the developer, the buyer and seller can set up a payment plan according to which the buyer sends funds to the seller's bank account. The property's remaining payment is made as part of the take-over procedure. If the client desires, we can request that the developer provide a reasonable payment plan.
Obtaining your title deed is the final step in finalizing your real estate acquisition in Turkey. A Tapu "title deed" is a legal document issued by the Land Registry Office that proves your ownership of the land. It is the most crucial document since it proves property ownership.
The remaining payment for the property, including taxes and legal expenses, should have been paid before the title deed transfer. You own the property once all of the formalities are finished and you sign the title deed at the Land Registry Office.
If you've completed the upper steps, you're ready to move in. If you buy a previously owned, second-hand, or "resale" home and want improvements to be made inside, we'll ask the developer to make them after you sign the contract. We'll include those concerns in the purchase agreement.
Freshly built vacation houses or resale properties that are designed to someone else's specifications, no matter how well made they are, may simply not be to your liking. Maybe the home you've always imagined having your own distinct identity, with your unique touches and design imprinted all over it, when you fantasize about that specific spot in the sun of the Mediterranean, imagining a private home in a hidden garden with stunning views of the coast, or perhaps some islands strewn in front of you. In Turkey, such ambitions, if found, are at a far lower cost than you ever imagined.
Because of the cheaper cost of land and building, personalized design and construction are quite appealing. However, land prices in certain parts of Turkey are rapidly rising, so these possibilities in sought-after destinations such as Bodrum, Kalkan, and Kas may not last long. When comparing building costs per square meter, Turkey clearly outperforms the other countries, with rates less than half that of Spain, Italy, and France.
Although Turkey has plenty of highly stylish and luxurious residences, they nevertheless fall short of the expanding demand for this specialized market. The design revival is for the more creative and is fresh on the Turkish shoreline, where the new trend is only beginning. In other words, the best resale offers are extraordinarily expensive owing to a paucity of supply at the "luxury residences" end of the real estate market. This presents a compelling case for creating your own mini-masterpiece as both a lifestyle choice and a good investment.
To sum up, it is possible to create your own dream home in Turkey, which is quite simple if you have the correct contacts.
Our examination tours provide you with the most effective technique for finding your dream house in Turkey.
Our property inspection tours are not only intended to allow you to see properties, but also to allow you to immerse yourself in Turkish culture while being secure and comfortable. After all, purchasing a property for sale in Turkey always begins with a well-planned and executed inspection trip.
Here's what to expect if you decide to join us on a custom property inspection trip to Turkey.
Prices vary based on your location and are subject to change. Flights, hotel accommodations, and airport transfers are all included in the price. We have partnerships with several travel colleagues and hotels that allow us to offer a luxurious journey at a reasonable price.
We want to make sure you have all you need while you're in Turkey. As a result, in addition to our inspection excursions, you may also make use of the following:
Nowadays, everything is available online, including schooling, commerce, meetings, and even parties. So, given how much we've learned about our internet capabilities, it's not much of a stretch to consider purchasing a house remotely.
We are grateful to technology for allowing us to continue to satisfy our clients' demands in a consistent manner. damasturk will continue to operate normally, but with one additional benefit: you may now explore Istanbul and the numerous projects we provide there from the comfort of your own home, utilizing our virtual tour service.
Step 1: Your earliest point of contact with our experts will be a phone conversation with one of our client advisers, who will get to know you and ask you questions to determine exactly what you desire. Before we can assist you, we need to know who you are and what your expectations are.
Obviously, you have some questions and queries as well. If you're new to Turkey, you're certain to have a few questions. Or maybe you're familiar with Turkey but want to hone in on the specifics: how's the neighborhood? What is the expected rental income for this property? What's the big deal about paying taxes in Turkey? How to obtain Turkish citizenship through investment?
Our client advisers are well-versed in topics ranging from the purchasing process to tax legislation.
Step 2: Turkey's real estate market is vast and diversified, and it's critical to have someone on the ground who knows exactly what's going on. Therefore, we have an investment consultant who is a professional with an in-depth understanding of real estate and the local economy.
Using the information provided by the client adviser, our Istanbul specialist will compile a list of homes that meet your unique needs.
Then you're all set to go.
Step 3: Your investment counselor will now take you on a virtual tour of the city you desire and its properties, allowing you to learn about the city's areas and the projects that best match your property objectives.
You can see your consultant beside you, delivering feedback while you tour the city streets with a 360-degree camera.
You rapidly realize that your consultant is an expert in his field and that he adores this city; his excitement is contagious, and you'll soon be imagining yourself right beside him. He outlines which streets are on the rise and which are about to begin a rejuvenation period, which may be a gold mine for investors. He points out several places that aren't the best choices and provides some context to describe why.
He takes it slowly to show off sites along the way: there's the Blue Mosque in Istanbul, for example. This is Taksim Square, and this is Istiklal Avenue, the city's longest and busiest thoroughfare. This is the best spot to get Turkish delight because it is the city's largest mall on the European side.
And then come the projects. You'll visit show houses with your consultant, looking through the benefits and drawbacks of each project. Some may be off the beaten path, while others will be under construction. In terms of pricing points and completion dates, your consultant will clarify what this entails for investors. Make sure to ask a lot of questions and take notes as you go.
Because it's critical to understand the location of these projects, your consultant will take you on a tour of the region, pointing out the nearby metro stations, malls, medical centers, and all of the area's distinctive selling features and negatives.
Istanbul is a very large city with many diverse districts, so a trip may take several days depending on your needs and what you want to see. But that's fine because the more knowledge you have, the greater it becomes.
Step 4: You've seen the sights and heard the noises of the city by now: the call to prayer, the screams of street salesmen, and the rattling of the tram along Istiklal Avenue. And you can practically smell the salty fragrance of the Bosphorus and the delicious smell of barbeque and yeasty bread from the street food vendors thanks to your consultant's comments.
You've already received a fair picture of the kind of projects we have. In Istanbul's center, you've seen off-plan villas, recently constructed seaside flats, and existing residences. With the aid of your adviser, you've narrowed down a few good properties that fit your budget and aspirations.
Now let's sit down with your consultant and figure out the details and any questions you may have.
Step 5: You'll settle on a price and a payment plan together. Then you'll be ready to sign the contract. Your investment counselor will explain that you must pay a reservation fee using your credit card, which will freeze the price and remove your unit from the market.
Step 6: Our legal department gets to work as soon as you pay the reservation fee. This stage is actually rather straightforward, particularly if you sign a power of attorney in Turkey authorizing our attorneys to act on your behalf. This is something we do even when everything is running smoothly, because the processes must take place in Turkey, and most of our clients return home after signing a contract. Please keep in mind that you can also provide your lawyer with a power of attorney from your own country. You do not need to be physically present in Turkey to sign and have the papers notarized; you may do so at the Turkish Consulate in your home country.
Throughout, you'll be in contact with your client adviser, who will smooth out any kinks and keep you updated on the status of your project. You'll sign your purchase agreement and receive a title deed with the aid of our lawyer throughout this step. If you're seeking renters for your property, we will help you get what you want.
Turkey is a large country with a wide range of property options. Prices remain relatively competitive when compared to other major tourist locations, and while they are growing, it is still feasible to obtain a magnificent two-bedroom apartment with sea views for less than £100,000. On the opposite end of the spectrum, there are several mansions on the market designed by world-renowned designers and architects in opulent settings. Regardless of your budget, there will always be charges associated with purchasing real estate. Stamp duty of 3% of the assessed value of the property, legal expenses of roughly £1,000, agency fees of 3%, and other paperwork charges of around €500 are among them. The continuing expenses of property ownership in Turkey are cheap, especially when compared to other countries.
To buy property in Turkey, you will need your passport and a local tax number, as well as a Turkish bank account. For identification, you'll also need a few sets of passport photocopies.
Expats seeking the finest places to invest in real estate in Turkey will find a thriving market with a diverse range of options. Istanbul, on the other hand, stands out as the most popular and favored location for real estate investment.
Istanbul is the cultural, economic, and historical heart of the country. It is Turkey's biggest and most populated city, with 39 districts that serve as a crossroads for education, tourism, and business. As a result, real estate is a very popular market in this city. From 2013 until present, over 40,000 homes have been purchased by foreigners in Istanbul.
This indicates that the city is a popular destination for overseas real estate buyers. On the outskirts of the city, properties at reasonable rates are available. Istanbul emphasizes modern living with cutting-edge infrastructure and architectural styles, as well as onsite amenities and services such as cafeterias, restaurants, parks, pools, stores, and gyms.
Furthermore, the variety of communities is enormous, allowing you to live in the city. Nişantaşı, Taksim, Karakoy, and Cihangir are a few of Istanbul's prominent neighborhoods. In general, it provides a wide range of opportunities for foreign nationals who intend to spend the remainder of their lives in Turkey, including economic prospects, education, and more.
As a corporate and economic centre, Istanbul is a highly varied city. As a result, any working expat or retiree migrating to the country may explore Istanbul's various districts in search of a perfect location for real estate investment. Istanbul's visual appearance has changed dramatically during the last two decades. It has spread out into lovely adjacent neighborhoods, providing expats with the pleasures of city living without the burden.
The following are some prominent Istanbul neighborhoods to consider for real estate investment:
Turkey offers a wide range of purchasing alternatives where the municipalities have built excellent public infrastructure in most places. When purchasing a property in Turkey, make sure your neighborhood has lots of stores and supermarkets, as well as schools, kindergartens, banks, hospitals, and medical facilities, in addition to recreational activities.
Apartments and villas, or semi detached villas, are the most common property types in Turkey, and they are dispersed quite equally. In Turkey, there are a lot of flats for sale in walled compounds, where the majority of new apartments are constructed in residential compounds with excellent social and security amenities.
damasturk offers several villas for sale in Turkey , most of them close to the sea. Villas are typically part of premium properties with distinctive facilities such as private pools, gyms, and expansive gardens, among others. There are also completely furnished apartments for sale in Turkey .
Whatever property you pick in Turkey as your home, you can expect a high standard of living in a spacious and comfortable setting.
Investors and buyers may pick from luxury villas with private pools and gardens, apartments in residential complexes with swimming pools and other modern facilities, holiday properties with rental income potential, and lands for sale in Turkey.
Furthermore, most Turkish residential complexes have excellent security, with cameras and security professionals on duty, as well as a gardener who maintains the complex's private garden. If you are considering purchasing a private property in Turkey, this choice provides a number of advantages.
Additionally, the majority of residential complexes include fantastic facility plans that are ideal for families with children. The most appealing elements for families are outdoor or indoor playgrounds, children's swimming pools, and sandboxes in large gardens.
Despite the fact that real estate prices in Turkey are substantially cheaper than in Europe, they have high revenue potential, making them a great investment in Turkey.
damasturk Real Estate is a Turkish real estate agent that provides expert advice on the location and administrative processes of real estate properties for sale. We can assist you in obtaining a title deed, a tax identification number, or a residency permit.
damasturk provides free property field and virtual tours for those interested in purchasing a home in Turkey. Depending on your vision and demands, you may select the best alternative. Our knowledgeable staff will guide you through the whole process of buying a house in Turkey.
If you require a mortgage to buy a property for sale in Ankara or in any other city in Turkey, the easiest option is to borrow money against your existing home. Mortgages are now available to all EU citizens in Turkey. However, the system is still in the early stages of development. damasturk can provide financial guidance, but keep in mind that you must have your finances in order before making an offer on a Turkish home.
Turkish developers frequently offer financing terms of up to five years across the country, but mainly in Istanbul. In most cases, a 30 to 35 percent down payment is required, with the remainder paid in monthly installments. The current financing conditions are generally attractive because some provide 0% interest. The properties are either off-plan or brand new, and real estate investors have a lot of upsides since they may take advantage of lower off-plan rates.
If you'd like a portfolio of properties for sale with long-term payment plans or additional information regarding financing for property in Turkey, please contact us immediately and we'll give you the information you need.
There are a number of high-street and online letting firms to choose from. Turkey has strong rental returns and a great profile as a vacation destination, so rather than paying for an expensive rental agency, it is worth advertising the property yourself first to family and friends. The rental revenue will be determined by a variety of criteria, including the property's location, whether it is close to the beach with a view of the sea, the size of the property, the quality of the accommodations in the area, and whether you are willing to rent the property out during peak season. Taking these factors into consideration, many people are able to obtain annual rental yields of between 6% and 10%.
It's extremely likely that you'll be able to rent out your home to the throngs of tourists that rush to Turkey each year in search of self-catering accommodations and flats to rent. The demand for buy-to-let apartments in Turkey has now surpassed that for hotels, and many property owners are taking advantage of this demand, earning up to 8% of their property's worth in rental returns each year. Please call or email us to speak with one of our financial experts about the rental revenue for your home. They will be pleased to give you the most up-to-date rental statistics.
Foreigners and anyone who wants to buy a property for sale in Bursa, or any place in Turkey must meet a variety of conditions. First and foremost, as of the beginning of this year, having an Energy Performance Certificate (in Turkish, Enerji Kimlik Belgesi) that defines a building's energy efficiency is required. This is a new rule for home sales and acquisitions that went into force at the beginning of the year. In order to get basic needs such as electricity and water, you will also need to enroll in mandatory earthquake insurance (abbreviated DASK in Turkish).
If you want to sell your home within five years of purchase, be aware that you will be liable for capital gains tax, which is a small proportion of the profit earned. Those looking to sell their properties would also need to have their property evaluated by a private business, and they would be required to pay 4% of the true value in taxes, thereby ending the practice of lying about the actual amount paid for a property in order to avoid paying excessive taxes.
Foreigners buying the property on their own will need a foreign identity number (yabancı kimlik numarası), as well as a translator and certified passport translations, although it is also possible to grant power of attorney, bypassing the first two conditions. There's also the possibility that, due to close proximity to military bases or important areas, a military clearance, which might take up to a month, is required.
Foreigners wishing to acquire a plot of land are also limited to 30 hectares, and they need to keep in mind that there are tight laws on being allowed to construct on land here in Turkey, and it was made illegal to build a "hobby home" on agricultural land in July of this year. Meanwhile, if you buy real estate worth $250,000 as of September 19, 2018, you'll be able to become a Turkish citizen as long as you don't sell it for three years.
Many individuals begin to explore the possibility of owning real estate in Turkey after visiting this sunny country as visitors and enjoying its "all-inclusive" hospitality. Many of them are seeking a good apartment or villa near the sea where they may spend brief vacations many times a year. For some, the primary incentive for purchasing a home is the chance of getting Turkish citizenship in the future. Others perceive Turkish real estate to be a successful investment and want to rent it out or sell it to profit from the price differential.
Turkey has a vast range of real estate at very reasonable prices. Simple, inexpensive studio flats as well as luxury sea-view penthouses and villas may be found here. Because of the large number of inexpensive regular and charter flights accessible all year, foreigners are generally drawn to the attractive seaside tourist destinations and the cultural capital of Istanbul. Traveling across the country is a breeze thanks to the flawless running of the public transportation system.
The advantageous immigration system and the simple procedure for acquiring a resident permit are two clear benefits of owning a property for sale in Turkey . Many nations' citizens can visit Turkey for tourism purposes without wasting time or money on visa applications. Furthermore, residents can enjoy a pleasant climate, beautiful scenery, and an abundance of delicious and fresh fruits and vegetables on a daily basis without leaving the country. Moreover, property owners can seek Turkish citizenship after 5 years and become equal citizens of this magnificent nation.
The process of acquiring a home and transferring ownership is clear and straightforward. The title deed, the primary document verifying ownership rights, can be provided in a matter of days. This formal document is registered with the Cadastral Office Department, and the entire process is closely monitored. There is a single registry for all real estate objects, which removes any danger to the buyer.
The cost of living in Turkey is quite inexpensive. At the market, fresh fruits and vegetables are quite affordable. There are several stores selling inexpensive but trendy and high-quality clothing and home textiles. Many visitors travel to Turkey with the intention of purchasing native jewelry, leather, and fur. The majority of items and services are far less expensive than in Europe or the United States.
As a result, Turkey is appealing to a large number of foreigners. This ensures a strong demand for property rent and purchase, creating a fruitful field for investment. Real estate investments make up about 12–15 percent of total foreign investment in Turkey.
Another essential factor is that Turkey is a very dependable market. The country's economy is marked by steady development, and it is one of the world's twenty largest economies. Real estate prices are also constantly increasing. Those who purchased real estate in Turkey some years ago can now sell it for considerably more. The country's real estate market is continually expanding. In addition, Turkey is constructing a large number of new buildings each year, including several luxury facilities with high-end amenities.
Furthermore, Turkey stands out for its welcoming stance toward international investors. The government is continually attempting to simplify procedures and provide a conducive environment for attracting new business. The risks have decreased to none. The system for foreign investment activity in Turkey is one of the most permissive in the country. After selling Turkish property, one can readily transfer funds back to his or her own country. Furthermore, foreigners can obtain credit for the purchase of property in a Turkish bank, and there is the option of acquiring property in installments over a period of many years.
Side, a subdivision of the massive Antalya province about 75 kilometers east of Antalya's contemporary city center, is a gorgeous medieval town that rests on the beautiful coastline of southern Turkey.
Side is touted to be a perfect family-friendly location, checking all the necessary boxes for a secure, lovely beach resort without being too crowded and boisterous. It is especially popular with British, Scandinavian, and German residents.
It boasts a beautiful backdrop of the Taurus mountains, magnificent beaches, a historic harbor, charming waterfront restaurants, cobblestone alleys lined with intriguing stores, plenty of history, golf just down the road in Belek, and it's only a 45-minute bus ride from Antalya Airport.
The resort has benefitted from some big infrastructure changes in the last decade, thanks to a forward-thinking mayor, including a new promenade that has considerably increased the appeal of the beach areas and decreased walking times between communities along the coast.
Several structures were erected along the resort's seashore, both improperly and illegally, in the early days of tourism, notably when the resort's popularity began to expand in the 1980s. The mayor has cleaned this up and had them replaced, mostly with elegant new eateries. At the same time, more five-star hotels have been given the go-ahead.
Anyhow, Side's inviting, village-like look will never fade since no new buildings may be more than four stories high. As a general rule, the typical property offered consists of apartments and villas in modest developments, either close to the resort center or in one of the towns on the outskirts of Side, such as Ilica.
Side is a peninsula with two main beaches – one to the west and one to the east – and a little sandy cove in the resort's center. The sandy west beach is more developed than the east and is surrounded by hotel resorts, some of which have their own part of the beach. On the west beach, you'll find the most opportunities for water activities, such as boat rentals and excursions, diving, and parasailing.
The east beach, on the other hand, is not only stonier but also less crowded due to the historic ruins that lie beneath the dunes there, most of which are protected. The east beach, which is preferred by residents, is still available to the public and may be reached by traveling through Roman remains, although it lacks the same facilities as the west beach. Sorgun, Kumkoy and Colakli all have beautiful beaches that are only a short walk or taxi ride away.
In addition to the beach activities available on Side, families should not miss a visit to the spectacular aquapark in Okurcalar, a few minutes east of Alanya—there are shuttle buses there.
Golf is another popular pastime among Side residents and visitors. Belek, Turkey's golfing heartland, is half an hour west and home to a number of PGA championship courses-it's common for families to stay in Side for the amenities and visit Belek for a game or two of golf during their stay.
However, a golf course even closer to Side is the Lykia Links club near Gundogdu, which combines an 18-hole course with a nine-hole academy course. Golfing in southern Turkey is popular not only because of the intriguing courses and low prices, but also because of the pleasant weather.
Hiking or mountain biking in the neighboring Taurus mountains, rafting down the River Manavgat in the picturesque Koprulu Canyon National Park, which also houses the historic city of Selge, or horseback riding in the adjacent Sorgun Forest are all options for the more adventurous. Skiing is also feasible in the surrounding mountain resorts of Davraz and Saklikent—it is reported that at certain times of year, you can ski in the morning and sunbathe on the beach in Side in the afternoon!
Those seeking a more tranquil experience could travel 10-15 minutes inland to Manavgat, where they may take a boat tour to the waterfalls, pausing for a meal of fresh, local trout, or visit the historic city of Seleukia, 23 kilometers north-east of Side, where they can view beautiful Roman remains (mosaics excavated from the city are currently on display at the Antalya Museum). Meanwhile, cultural buffs should go in September, when Side has an annual arts and culture festival, while serious shoppers should go to Antalya regardless of the month.
The welcoming town of Ilica and the adjacent pedestrianized beachside neighborhood of Kumkoy are five to ten minutes' drive west of Side, and together they constitute a region that is becoming increasingly popular with second homes and holiday leases. Kumkoy has just undergone a major redevelopment project that included a new shopping center, pubs, and restaurants. Ilica features a local park with a children's play area, cafés and restaurants, mini-markets, and a huge farmers' market every Wednesday, in addition to these new amenities and the beach at Kumkoy, which is shallow and especially appropriate for families. Buses to the center of Side run regularly.
A small community west of Ilica, with its own beach and amenities, is located a short distance west of Ilica. A huge vacation park with common facilities such as a swimming pool, gym, restaurant, and bar can be found there. Additionally, Evrenseki, which is close to Colakli, has additional property possibilities and a lovely beach, as well as a variety of facilities such as restaurants, water sports, and a small harbor, which is great for fishing or taking a boat excursion.
The breathtaking continuous views of the Taurus mountains that provide a background to this length of Turkey's coastline come as a bonus with properties in any of these settlements.
There are also new projects on the outskirts of Manavgat that provide a more local lifestyle close to the shore.
It is difficult to find villas for sale in Side because most properties in the resort of Side are based on apartment complexes with a variety of family facilities. However, damasturk can offer a nice collection of villas for sale in Side and in the beautiful neighboring town of Manavgat, which is surrounded by stunning nature and is just a short distance from the sea, reached by a leisurely boat cruise down the river.
You will be pleasantly surprised at the reasonable pricing for villas in Side, with prices starting as low as £70,000, but obviously, if you opt to seek a home with a view of the sea, the costs for villas in Side will be significantly higher.
After successfully completing the acquisition of your holiday home and investment in Turkey, you must now ensure that your property in Turkey is kept in good shape for you and your family to enjoy year after year. Certainty: If you take good care of your property, that would be reflected in value. If you neglect it, its value will depreciate before you realize it. There's nothing like stepping into a well-presented and well-loved home that's been well-cared for and meticulously kept. Here, we show you how to maximize your return on investment through rentals and/or a future lucrative sale.
The following list provides a decent idea of the care and administration that will be necessary for your new property in Turkey:
Within Turkey, property upkeep bills are not prohibitively expensive. If you hire the correct firm or person to look after your home, you might receive exceptional value for money. Ensure that the job is awarded to a company or individual(s) with a proven track record in property management and upkeep. Do not appoint someone just because they appear to be pleasant enough. Check to see whether they have the necessary credentials and expertise.
If your home is part of a managed complex, you'll have access to community amenities such as shared pools and gardens, as well as a restaurant and fitness center. The property owners are responsible for the cost of these amenities. To monitor complex management, the estate (the complex in which you are a stakeholder and owner) usually hires a management team. The development firm and their services make up the management team in the early years (the first couple of years after the complex is completed-not a law, but a normal tendency). They do this because they believe that if the complex is well-presented, they will have a better chance of quickly selling all the remaining apartments. As a result, this agreement benefits both the developer and the client.
Management and maintenance fees are often included in the purchase contract and are calculated as a percentage of total estimated expenditures divided by the number and size of units you own. If you own a two-bedroom apartment in a complex, for example, you pay a proportional amount compared to other types of units in the same complex. Expect to spend a bit more if you buy a three-bedroom home in the same community. Upon consent with the owners, the management business will often expand its services to include individual management and upkeep of individual properties on the site. As a result, both shared and private sections will be covered.
A two-bedroom apartment in a complex costs around 800 euros per year. Around 1,200 euros per year for a 3-bedroom villa in a development. It is up to the owners to hire a third-party management company once the development company has finished with the project. A management firm can be hired for management and maintenance, after signing a contract in that regard. These agreements are often evaluated every other year, with costs set in advance. The complex's common facilities, not your private property, are managed by the management firm. The majority of property owners will enter into a separate contract with the same management firm to maintain their own properties. Fees are comparable to those shown.
Cleaning expenses are typically somewhere around 30 euros for each cleaning if you rent out your home and require cleaning before and after. If you have 20 blocks of rentals in a year and need to clean before and after each one, that's 40 cleanings, so your rental cleaning and maintenance costs will be roughly EUR 1,200.
As for houses with a caretaker's quarters on the premises, we're talking about some of Turkey's most opulent residences, complete with enormous private yards and expansive living rooms. To accommodate caretakers, several of these properties had separate maid's houses. This may appear to be a far-fetched concept, yet it is more than doable in reality. Some of these ultra-private mansions in areas like Bodrum, Kalkan, and Kas, as well as a small number of residences in Kalkan and Kas, have enormous gardens and living spaces that require continual maintenance. A live-in caregiver is the ideal answer in this situation. They will not only look after the house, but they will also assist with cooking and other household tasks. Local husband-and-wife couples are frequently employed as live-in caregivers.
In exchange for full house care, administration, maintenance, and security, you give housing and a respectable remuneration (Euro 6,000 per year for the couple).
Property registration procedures in Turkey, such as mortgages, are handled by land registry directorates. As a result, you have a few alternatives if you need money to invest in Turkish real estate.
Prospective purchasers are frequently assisted by large-scale developers with mortgage choices. The down payment ranges from 30–35 percent of the property's value, with a five-year term.
If the interest rates are low, you can get a loan in your own country. As well, a Turkish bank may be able to provide you with a mortgage. Most Turkish banks will lend foreigners up to 70% of the property's value for up to 15 years.
A Turkish title deed, also known as a Tapu in Turkey, is a crucial document that identifies land ownership. Information on the property and the owner may be found in the deeds. The Tapu and the Cadastre General Directorate issue, record, and archive title deeds in Turkey. Buyers should be aware of the steps required for transferring a Turkish title deed, as well as the potential dangers. We recommend that you hire a lawyer to assist you with all of the essential checks involved in the process, especially if the acquisition is out of the ordinary, such as if you're buying a Turkish home with the intention of getting citizenship.
This type of Tapu is on land titles and joint ownership. In terms of ‘’land ownership,’’ the title will only apply to that land and will not apply to any houses. On the other hand, ‘’shared ownership,’’ is the case when the Tapu refers to a development of numerous residences, the title will inform you what share of the total property you hold. For example, you may own house number 9 in a block of 25 properties, but your title will simply state that you own one share of 20. This limits an owner's autonomy over the property, and some will be trapped when it comes to making big decisions about the sale or care of the property. It is worth mentioning here that owners of properties with shared ownership titles cannot take out a mortgage.
Individual ownership is indicated by this freehold title document, which specifies the unit. So, in our earlier example, instead of a percentage of the entire development, it will indicate "home 3." A mortgage can be attached to this sort of title document. Residential or commercial freehold titles are also available.
Check the red TAPU form to see which category your property belongs to:
This translates as "building servitude." This term refers to a development that is still in the works. A kat artifaki title depicts the allocation of units inside a development in accordance with the resource permit.
Once the development is done, officials from the local municipality inspect the property to ensure that everything is in order. They will then issue an occupancy permit (Iskan). An Iskan is a document that permits a title to be converted to the following stage: kat mulkiyeti, or a complete title deed.
Whenever a kat mulkiyeti is obtained, utilities can be connected to a property. So, if the phrase "kat mulkiyeti" appears in your title document, it means the property has an Iskan (habitation license) granted by the municipal planning department. We advise our customers to obtain a kat mulkiyeti title; without one, you are leaving yourself exposed to a subpar home that will be exceedingly difficult to sell.
It's crucial to look at title deed clearing as part of the essential checks. This is where title deeds keep track of any charges, mortgages, or other encumbrances on the property. If the buyer has power of attorney, this can be done by the buyer or the buyer's lawyer.
There are expenses associated with title deed transactions when purchasing or selling Turkish properties. The title deed transfer charge, often known as stamp duty tax, is 4% of the purchase price. When a title deed exchange is completed, this charge is due (sale and purchase). In most cases, the seller specifies the sales price, and the buyer pays the charge.
This is also known as stamp duty tax, and it costs 4% of the purchase price. It is either paid in whole by the buyer or shared between the buyer and seller in some situations, depending on the conditions of the transaction.
Anyone with a minimum of $250,000 who wants to invest in Turkish real estate now has the option of obtaining a Turkish passport. In this case, when a property buyer applies for Turkish citizenship through investment, a charge is imposed on the title deed, blocking title deed transfer (sale) for three years. With this in mind, we advise all citizenship investors to purchase a title that is "clean" of any mortgages or levies.
If you use a lawyer, you will save a ton of time and make your purchase process smooth and stress-free.
Because Turkish law does not require the involvement of a solicitor, it is not uncommon for purchasers and sellers to simply exchange money and deeds. However, during the last decade, real estate acquisition rules have become more stringent in order to protect buyers by requiring more inspections and processes. Even Turkish purchasers are turning to solicitors to secure their purchases since it makes sense to take advantage of rules that benefit the buyer.
We've found that virtually all of the consumers who have been victims of fraud or bad deals failed to hire a registered solicitor to finish their transaction. Why take chances with such a large investment by cutting shortcuts and saving a small amount of money? Using a solicitor can guarantee that your real estate transaction goes well. The solicitor will look into any outstanding charges against the apartment, villa, or commercial property, as well as whether the present owner is selling the property fairly and ensuring that the property is safely transferred to your name.
Some purchasers choose to engage a lawyer from their native country. Unless the solicitor is well-versed in Turkish real estate regulations, this is of little use. We know of a few Turkish companies in London with offices in large cities like Izmir and Istanbul, and their knowledge and skills are invaluable. If you locate a lawyer but wish to double-check their credentials, contact us so we can verify their qualifications with the Turkish Bar Association.
In Turkey, you have a lot of options when it comes to how much control you give the solicitor. Some people just use them to do checks and complete the title deed application, while others give them full power of attorney in Turkey so they can sign for deeds on your behalf. This is beneficial for overseas purchasers who are unable to come to Turkey on short notice. Otherwise, a solicitor's duty in Turkey is as follows:
We have numerous trustworthy contacts with experienced attorneys to whom we may recommend you, and you can find highly competent Turkish solicitors on the British Consulate website. A lawyer's fee will be around £1,000, but it may be the best money you've ever spent.
The purchase procedure can take up to eight to twelve weeks, although with legislative reforms in 2013, this time can be significantly shortened. Sellers accept the rest of the asking price after the deeds, including Iskan, are ready to be issued. Taxes will be due at the time the deed is issued. To consummate the deal, the lawyer will draft a contract. Due to recent revisions in the regulations regulating property ownership, overseas buyers can now get title documents, also known as Tapu, more quickly.
It is highly suggested that you give power of attorney to a Turkish solicitor to execute your property acquisition on your behalf. There are a number of stages and processes that must be accomplished in Turkish to complete the purchase of an apartment or villa in Turkey. So, unless you speak Turkish fluently and live in Turkey, we recommend issuing a power of attorney to ensure a seamless, easy, and risk-free purchase. When you provide a solicitor with a power of attorney, the solicitor will complete the processes and make the purchases on your behalf in Turkey. We've been using this strategy for years and can recommend a significant number of trustworthy and reputable Turkish lawyers.
Before you give a solicitor power of attorney, a document will be prepared that spells out specifically what the solicitor may and may not do on your behalf. You can give the solicitor as much or as little power as you wish. We recommend that before you hire a lawyer, you confirm that the lawyer is a member of the local Lawyers' Bar Association.
To provide power of attorney, you'll need to fill out a few legal documents that must be notarized before they may be used legally in Turkey. This can be done at the Turkish consulate in your own country or in Turkey. The documents must also be notarized and translated into Turkish and English. You can cancel your power of attorney at any moment by contacting a notary or Turkish consulate and sending a written notification to your chosen solicitor stating that the power of attorney has been terminated. Ensure that all copies of the original document are returned to you, and that you notify your bank that the document has been revised and is no longer valid.
There are many different forms of power of attorney in Turkey, but there are two that are related to buying a house in Turkey that you should be aware of:
This provides the solicitor broad authority to represent you legally in all circumstances, albeit your signature may be required for approval in some cases.
This gives a solicitor the authority to represent you in a specific transaction, such as the purchase of a home. When it comes to purchasing a house, most people use a specific power of attorney.
Buying a property through a registered Turkish corporation is a means for some purchasers to avoid hurdles. In addition, some wealthy investors choose to buy land and property through limited companies so that they may continue to operate their businesses after the purchase.
To buy a property through a company, you must first register a foreign capital company in Turkey, which is established under Turkish Trade Law and enrolled in the Turkish Trade Registry, meaning that foreign capital companies are subject to Turkish law while their capital is owned by a foreign national.
Some people prefer to buy a home through a foreign firm since it might provide certain benefits. In some circumstances, it is the sole method for certain foreign citizens to acquire a residence in Turkey.
The International Direct Investment Law was established in 2003, giving foreign investors the same rights and privileges as local investors in Turkey. It also removed some restrictions and prohibitions that had previously been imposed on foreign investors.
Setting up a limited liability company in Turkey is the simplest and most cost-effective option for an individual to start a trade firm in Turkey. It takes a minimum of two people to set up a company, one of whom must be Turkish and the other international. The corporation is split into two parts: a 99.9% stake for the primary individual, who is also the director, and a 0.1 percent portion for the second person. In basic terms, if a foreign individual wants to establish a business in Turkey to acquire property, he or she will hold 99.9% of the firm's shares, while the remaining 0.1 percent will be owned by another person, generally a lawyer.
You need the following documents to begin the process of setting up a company in Turkey:
The cost of forming a limited company in Turkey is presently roughly £1,500. The company's annual fees, which include register submissions and accountancy expenses, are roughly £1,000 each year. If you are interested in purchasing a property in Turkey through a corporation and would like more information or guidance, please contact us and one of our representatives would be pleased to assist you.
Purchasing real estate in Turkey is simple, although there are several limitations that apply to foreigners. According to Article 35, foreign nationals must be citizens of the countries that Turkey has approved for property purchase. Foreigners cannot acquire properties in security zones or military prohibited zones, and they may only purchase a maximum of 30 hectares.
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