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F.A.Q
Everyone has questions when they consider buying abroad – if you have a
question that does not
appear in our list,
contact us and we will try our best to answer the question for you.
I
am thinking of purhasing a holiday home in Turkey, but don’t know where to
start.
We recommend
that you use a professional real estate agency, as the law can be quite
complicated, you need to be sure that you are doing everything properly, and not
paying more than you need to. The process is actually quite straight forward,
and at
Priene Homes,
we only show clients what they want
to see and can afford. Once the property is chosen, we are with you every step
of the way. We always use a Solicitor and each purchaser has a sales contract in
both languages.
Yes. If an
agency is licensed they will display a tax certificate on the wall. This shows
that they are declaring their profits for tax purposes, and are therefore,
legal.
No.
Priene Homes
will manage the sale for you if you are
unable to come here. The important thing is the signing for the transfer of
deeds from the seller to you. If you cannot be here at that time, you can give
someone at
Priene Homes
power of attorney to do this on your
behalf.
Would you buy like this at
home? No! Then the answer would be no here also.
You should not buy
something as large as a property like this. No matter how well you know them and
however trustworthy they may seem, they are not in the property business
therefore cannot know the law as the professionals do.
Only through an established agency such as
Priene Homes,
can you be completely sure that everything is done properly and legally, and
that all eventualities are covered. In some instances ‘outsiders’ have been
known to add a massive 20% to the selling price making a massive commission.
Yes, it is possible to bring a pet into Turkey
with its own passport. However, Turkey is not yet part of the EU pet passport
scheme, and if at any time you wished to return to the UK with the animal, you
would be subject to the standard quarantine laws.
What about the language
problem?
All transactions and contracts are supported by a
legally certified English Translator. This is the law, and
Priene Homes
makes sure that their chosen translator
also has a thorough knowledge of the laws regarding these transactions.
Should you wish to do
so you can provide an independent translator though the costs would be met by
yourselves.
Do I really need a Solicitor?
Throughout the purchasing process, the solicitor is there to represent your
interests. A contract is drawn up between the seller and the buyer, which is
checked thoroughly by both parties before signing.
Priene Homes
will not become involved in any sale
without a Solicitor and Translator
Yes. You need to pay buyers
tax, which is a one-off payment of 1.5% of the purchase price of the
property.(The seller pays the same amount as ‘sellers’ tax’). And you will then
pay property owners’ tax every year, which is .5% of this price. This is
normally due in January, and can be paid all at once, or in two installments,
January and June. There is also a community tax, which is for roads, street
lighting, services and rubbish collection. This is now integrated in with the
water bills, so there is no seperate payment for this, but is only about £10 a
year. There is also a rental tax that should be paid if you are renting out your
property.
Yes, no problem as long as
both partners are here at the initial sales contract stage.
Most of the Turkish banks
will accept foreigners as clients. Your passport and a tax number is always
required (you can get your tax number from the local tax office (Vergi Dairesi).
Cash point cards are available and can be applied for once the account is open
as well as the internet banking facility. A bank account is especially useful if
you will be having monies transferred from the UK.
Can we have a telephone?
Turk
Telekom is the National telephone company, and you can have the telephone
installed, but you will need to have a residency permit.
There are many reputable
companies offering comprehensive annual cover. We advise all clients to take out
buildings and contents insurances, and can recommend good companies. Some areas
are deemed earthquake regions, and in these parts, earthquake insurance is
compulsory.
Health
insurance is also available and there are various policies to choose from, and
as medical costs can be quite expensive these are worth checking out.
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