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Why should I choose Turkey ?

For a country to become an overseas home destination, it first needs to be a strong tourist destination. In 2005, Turkey was announced as one of world’s top ten tourist destinations which succeeded to surpass the previous estimates in the number of inbound tourists by the United Nations World Tourism Organizations.

It is a fact that during the past 25 years the number of tourists who visited Turkey has increased 17 times. So, as numbers of visitors to Turkey increase, no doubt numbers of property buyers will increase too. Yet properties even in some very popular areas are still affordable.

With the continuing negotiations to join the EU, property prices will rise further and eventually achieve parity with Spain, but this process may take another 7-8 years.

 

How is the property Market in Turkey ?

The Turkish Property Market has always been the favorite for buyers and holiday makers. Despite strong or new competitive markets, the popularity of buying properties among foreigners continues to grow because of special characteristics of the Turkish property market and the unique location of Turkey. Find out more about the property market in Turkey

Where to buy property in Turkey?

People looking to buy a property in Turkey tend to search their sunny home in three main Areas, Istanbul, the Aegean coast and the Mediterranean coast.

However the southwest of Turkey on the Mediterranean coast, also called the Turkish Riviera, has the most favorite property locations with second home buyers.

Because of its strong Tourism structure, foreigners find the area a more secure investment and to have holiday better. Check Turkish Riviera property locations and what each city has to offer for property buyers.

Buying off-Plan or newly built property in Turkey?

The main advantage of buying an apartment or villa in a newly built project is that the property is ready to move into and you don’t have to wait for the developer to complete the project. What that means is you will be able to have more holidays at your home and you will not loose any potential rental income as well. However, off-plan properties in Turkey also offer many advantages. Learn more here buying off plan properties in Turkey

How is the buying process in Turkey ?

Buying a property in Turkey can be quite a simple process compared to many European countries, as long as you are advised properly and completely. Model invest offers valuable assistance to undertake all buying process as easily as possible for you. Learn more about buying property process in Turkey.

Do you organize property inspection trips?

Model invest specially and individually organizes property inspection trips for its customers. You will find out more information on our property inspection trip page

Will the property be free hold?

Yes, properties in Turkey are sold freehold and you get guaranteed title deeds. It is very uncomplicated and easy for foreign nationals to buy property in Turkey. Both Turkish citizens and foreign owners have equal property-ownership rights. It is a well-known fact, that the title deed system in Turkey is considered very trustworthy by Turkish people.

Will the property in Turkey give me citizenship?

Purchasing a Turkish property does not give you any citizenship rights or immediate citizenship. But it makes the process of getting permission for residency easier if you wish to stay in the country for longer periods of time than visa ( 1-2-3 months depending on your nationality) duration.

What is “Tapu”? and how is “Title Deed” registration in Turkey?

The property registration procedure in Turkey is different than in many other countries. The official property transfer does not take place in the Notary office like in Europe or other countries. Instead, the buyer and seller together need to go to the Land Register Office ( Tapu Dairesi ) where the property registration transaction is completed. The buyer as well as the seller has to be present in person at the Tapu office in order to sign the sale papers. After signing the contract, The Land Registry Office issues the “Tapu” for the new buyer of the property. Tapu is the Turkish name of Title Deed. This is a legal documentation and the only proof of the property ownership in Turkey. All Tapu Transactions are only made by the Land Registry Office ( Tapu Müdürlügü ) of the relevant area where the property is .After receiving the “TAPU”, the buyer becomes the owner of the property. On the Tapu, the price of the property, the name of the owner and some other cadastral figures are all mentioned. Click here to learn about Tapu Terms

As I can not speak Turkish, How can I be sure of the buying process?

Every sheet of the reservation form and preliminary agreement between us will be divided into two parts as Turkish and your language. During the whole buying process the language we communicate with could be yours or English if necessary. According to the Turkish law, a sworn interpreter must be present during the final and the most important stage of signing the actual contract at the Land Registry Office ( Tapu Dairesi) to transfer the title Deed ( Tapu) in your name. Having a translator between buyer, seller and land registry officer throughout the legal process gives extra protection to all parties in the buying process and formally ensures that all parties understand the contract and the terms of sale.

Can “Title Deed” have more than one name?

Yes, it can have as many names as you wish. It means that more than one actual person can be the owner of the same property.

Can I get residence permission ?

Yes You can. Once you decide to purchase a property in Turkey, we’ll help you to get the residency permit

Can I let my property in Turkey ?

Our rentals services can help you let your property so that your property can earn you money. Please go to Letting services for more details.

Can I insure my property ?

Model Invest provides all second home buyers with insurance services for property, car, health/travel . You will find more information on the Insurance service

Can we bring our furniture ?

There are lots of international removal companies but this will be a long, expensive and a stressful process and also you will have to pay tax on the entry. We recommend you buy your furniture in Turkey, since home furnishing is quiet cheaper than in most countries. Model Invest provides excellent home furnishing services to all second home buyers in Antalya, Alanya, Kemer, Belek or Side.

How do I get electricity and water to my house?

After you have received the Title deed of the property, as a part of the buying process, your property consultant will help you with all these procedures at the local authorities.

What costs do I expect to be charged for fees on my purchase?

There will be charges for a number of items when you are buying a property in Turkey. These include: costs for maps, deed application, earthquake insurance (obligated when buying), residency permissions, Lawyers / Solicitors, notary fees ( if necessary) , %4 purchase tax, stamp duty, registry fees and utility connections.

Is there an annual tax on the property?

There is an annual real estate tax payable to the local municipality. This tax is nominal and based on the national value of your property. Tax rates differ between municipalities but range typically from 0.1% to 0.2% of the property value.

What are the other expenses?

Environmental services tax is charged through water bills. In Turkey earthquake insurance is compulsory for all properties and it is only a little amount.

If I sell my property, can I freely take my funds out of Turkey?

Yes, Turkey has a very flexible investment policy, including free (international) movement of capital, profits, dividends and salaries.

Do I need a will for my property in Turkey?

It is not necessary to make a will in Turkey, under Turkish Law any property is passed to the next of kin. The will in your country is legally valid in Turkey, however it is advised to make a will in Turkey for your personal requirements.. It is not necessary but will help avoid any possible delays. Our Law department can help you with the amendments on the title deeds which would involve legal assistance, in case you will need any help.