WHY INVEST IN TURKEY
In recent years the European property market has rocketed making the prices of holiday homes uncompetitive.
In Turkey however the house market is relatively new, hence the prices are very competitive and easy on the pocket.
As the prices in European countries gets higher, with the prospect of joining the EU, Turkey become very advantageous
for foreigners to buy property where you can find the sunshine all year round..., and a rather mild winter making
it an ideal climate for a holiday home.
The Turkish people are very friendly and they go out of their way to welcome all foreigners.
HOW TO PURCHASE
Foreigners can purchase a property quite simply in Turkey provided the properties are not in restricted areas as
known as military zone and small villages where there is no municipal office. The purchaser is liable for 3% property
transfer tax, based on the declared price of the property.
When the sale of a property has been agreed an application must be made to the Land Registery Office. The Land
Registery Office then carries out a search for the above mentioned local restriction through correspondence with
the municipality and military authorities in the area. This process usually takes 6 to 8 weeks. As soon as the
search is completed the Land Registery Office then transfers the title and issues the new deed for the purchaser.
