It is a legal obligation to pay maintenance fee if your property is in a compound. Also, it is morally a must-do because this collected money is used for enhancing the surroundings of the property.
Since the properties you buy in Turkey are freehold, your family members inherit your properties after your death.
You’ll find most items up to 50% cheaper than the European countries and the USA. However, electrical items are the most expensive ones compared to these countries.
Yes. Foreigners who buy properties worth 250.000 USD in Turkey can get Turkish citizenship.
It may take up to 60 days to finalize the citizenship process depending on the work volume at government agencies. The Turkish government has opened a special Citizenship office to reduce the time applicants spend.
Yes, the government accepts Notarized Property Purchase Commitment, too. If the payment is above 250.000 USD, you may apply with Notarized Property Purchase Commitment for citizenship.
Yes, you can get a tax number online besides being able to get it from tax offices located in every city and its districts in Turkey.
State property tax, environmental tax, and wealth tax. However, these are relatively low.
The appraisal report keeps from overpriced property sales. When one buys a property, Land Registry and Cadastre ask for SPK validated Valuation Report as a proof document that the purchase was made at the correct price. Your addressee is a direct Real Estate Appraisal Department of Land Registry and Cadastre. The process takes 3 – 6 days.
After paying the reservation fee, Istanbul Homes will carry out the title deed checks. A contract will be drawn up between the seller and the purchaser. This will give the details of the completion date, payment schedule, and terms & conditions. When this is signed by all parties, the deposit is paid and the application is made to Tapu and Land Registry Office. After the application, you can get title deed within 2-3 working days. You can sign a power of attorney to conclude all the necessary paperwork if your circumstances require it.
Appraisal report, passport translation at the notary public, the power of attorney if needed, 2 photos, local tax number, and bank account.
If a foreigner owns property in Turkey, he/she gets a residence permit which is renewed every two years if he/she keeps the ownership.
Yes, there are reputable English speaking lawyers/solicitors. We can introduce them to you during your viewing trip.
The maintenance fee varies depending on the complex features. When there are more facilities in the complex, maintenance fees can increase. We inform our clients about the maintenance fee during the viewing tours.
A residence permit will make all your transactions easier when you are in Turkey. Besides, it prevents visa costs.
Property insurance is made regarding the features of the property. Insurance companies will present their offers when you give them the necessary information about your home. They will complete the insurance purchase after your confirmation of the price. Property insurance is one of our aftersales services.
If you have owned the property for five years or more, you are exempt from property profit tax. You are supposed to ensure that all bills are paid up to date.
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