FAQ's -Important points for buying property in Turkey
Q. What nationalities are permitted to purchase a property?
A. Some of the countries Turkey has a reciprocal agreement for the purchase of land and properties;
England, Ireland, Germany, Holland, Norway, Sweden, Denmark, Austria, Switzerland, Belgium, USA, Spain, Italy, Canada, Luxembourg, Australia, France, Greece, Portugal, Poland, Croatia, Israel, Finland, Estonia, Hungary, and some African and South American states.
Q. How long does it all take and how does it work?
A. It takes between 1 to 3 months to receive the final Tapu ( Title Deeds),
After signing the reservation contract, the copies of the buyers passport will be handovered to the local land registry office, the copies and the official papers showing the location of the property will be sent to a Military Head office in Izmir to be checked that the mentioned property is not in a Military Zone. After the approval of the permission our company pays the necessary fees and taxes to the authorised bank (T.C. Ziraat Bankasi) and to the tax office in Manavgat. The official receipts of these taxes and fees will be declared during the transaction in the Land registry office. Finally the buyer and seller signs the land registry book under the supervision of an official interpreter.
Q. Do I have to be a resident or have a resident’s visa to purchase?
A. No, To buy a property you do not have to have a Residents visa. This is only required if you want to stay longer than three consecutive months, or wish to have a phone or buy a car. Then the three months tourist visa is not enough.
Q. What do I have to check before purchasing?
A. Check that there are no outstanding rental agreements or mortgages.
That the seller has the legal right to sell the property and that they have a Tapu ( Title Deeds) for it. If there is an agent how much commission is payable, commissions rates are usually very high in sales where European clients are involved.
Q. Do I have any Taxes and fees to pay for the purchasing?
A. There are some one off taxes and fees payable:
Purchase tax which is 3% of the declared value of the property,
Education and earthquake tax
All formal documentation and copies
Interpreter fees
Water: Connection fee for new homes
Electric: Connection fee for new homes
Telephone: Connection fee
When buying a home from Citrus Estates, there are no hidden fees or charges of any kind. To ensure a smooth buying process & put your mind at ease, all legal fees & associated costs are included in a one off standard fee paid on completion.
Please also note: The buyer is liable for the buyer's tax. Please consult to a sales advisor for further details.
Q. If I sell my property can I take the proceeds back to the U.K.?
A. You have the legal right to take the proceeds back to the U.K.
Q. Can I will my property to my beneficiaries?
A. You can make a Turkish Will and leave your property to your beneficiaries, however if you hadn’t made a will, the property goes to your next of kin.
Q. What would be the running costs?
A.
Tax yearly: 0.1% of the declared cost of your property
Refuse: Every year approx. £10
Electricity: Time share : 17/22 22/06 06/17
. 0,11 €/kWh 0,03 €/kWh 0,06 €/kWh
Water/month: 1 - 20 m³ 0,32 €, 21- 40 m³ 0,48 €, > 40 m³ 0,87 €
Q. Can I import my belongings/furniture and car into Turkey?
A. You can, but it is expensive for transportation and Duty, so it may be advisable to purchase your furniture here.
Warranties For Your New Home
What's Covered?
Your home is normally one of the biggest single investment you will ever make. In buying a new home - just as in buying a new car or a major appliance - a warranty should be included in your purchase. There are virtually thousands of material components used in the construction of a building and there are dozens of different professions, trades, and other skills used to design and build. Only strong, customer oriented, reliable and experienced developers can bring all these elements together under one comprehensive warranty.
We offer a fifteen year warranty, broken into three major categories:
First two years - Materials and Workmanship
For the first two years, The Builders Customer Care Team will be on hand to assist you with any issues that you may have in your new home.
The Builders warrant that, the house is constructed in accordance with the building standards prescribed by the building code and that it is free from defects in workmanship and materials for a period of two years from the date of possession. Materials and Workmanship covered by the the warranty include those supplied and installed by the The Builder, its employees and those trades and others contracted directly by The Builders
First two years - Water Leaks Protection
There is warranty that the building envelope (roof, exterior cladding, windows and doors) and the basement foundation walls will be free of exterior water penetration for two years from original occupancy.
Years One to Fifteen - Major Structural Defects
Warranty includes that your home will be protected against Major Structural Defects for fifteen years from the date of possession. Major Structural Defects mean defects in workmanship or material which have or are likely to have an adverse effect on the performance of the load bearing portion of the home such as footings, piles, basement walls, beams, floor joists, load bearing walls, and roof trusses.
What happens if I sell my home?
If the home is sold during the warranty period, any remaining coverage stays with the home for the benefit of subsequent buyers. An excellent selling feature! The best part is that you don't need to do a thing as the warranty is automatically transferable.
Please note: The builder is not responsible for wear and tear or any damage resulting from the home owner's failure to maintain the property.
To make sure that your investment will be safe and sound:
Make sure that the developer you are dealing with is a reputable company with experience in building and reference projects especially in the area that you are planning to invest in. It is of utmost importance to inspect the developer's completed housing units in order to have a precise impression of the quality and the services it can provide.
We would advise you to inspect more than just one housing unit of the same developer. It would be wiser to view at least a two year old construction, so that you can observe the defects easily which may be resulting from the lack of insulation or improper plastering etc.
There are virtually thousands of material components used in the construction of a building and there are dozens of different professions, trades, and other skills used to design and build. We are not going to mention about the these details here, however besides all these technical qualities, one of the most important criteria to be considered shall be the built percentage on a given site. Despite the restrictions imposed by the local governments on density, some developers find ways of getting around the rules and regulations. Make sure that there will be spacious gardens when the site is completed and watch the distance between the apartments in the complex. Also do not forget to ask your potential developer or estate agent about the future of the neighboring plots. It is very important to get a clear answer to this question.
To make a comparison between two different developments, you can simply divide the size of the plot to the number of the apartments in the complex, to find the total area per unit incl. gardens.
* The permitted building percentage in Side in general is 20 % of the land over 3 floors including the roof floor however in some districts of the town the building permission is 25 % percent over 4 floors including the roof floor.
The second criterion is the height of the buildings and the number of the floors. Just like the allowed built percentage there are also some restrictions on the height of the buildings and the number of the floors to be built in Side. It is unfortunately quite common to see a developer exceed the number of allowed floors and sells the extra floors as an apartment which in fact can only be registered as a storage space on the title deeds. This extra floor CAN NOT be sold independently, it can only be sold as a partition of an existing official apartment on an official floor. Most buyers realize this problem only after they have purchased the property.
To make sure that you will have the best after sales services and quality warranties:
The most practical and effective way of making sure that you will have the best possible after sales services from your potential developer or your estate agency is to get in touch with the former clients of that developer. Make sure that the developer is able introduce you with more than just a few clients. Ask the former clients about service charges, guarantees and after sales services.
