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Question: Is property freehold in Turkey?
Answer: Yes, all property is freehold
Question: How will I pay for the property?
Answer:
You will be given bank details so that you can transfer money from your home based bank account to the sellers bank account. This way there is an official record.
Question: What are the extra costs involved when purchasing?
Answer: This varies depending on the property you choose to buy. Before agreeing to any purchase you will be given a full payment plan detailing all extra costs and dates applicable when purchasing.
Question: What are the yearly costs of running a property in Altinkum?
Answer:
*Complex maintenance varies according to the facilities but normally starts at £250
*Monthly electric bill may start from 70 YTL (30 pounds).
*Monthly water bill will come to around 20Ytl (8YTL)
*One bottle
of gas costs 80 YTL (35 pounds), cost depends on usage.
*Property
and Council tax depends on the property, average estimation is 200
Ytl.
*It is mandatory to pay Earthquake insurance that starts at 1 YTL per Meter Square. It is optional to pay for Content and building insurance. Quotes will vary depending on property bought and financial amount of contents insured for.
Question: What happens to my property if I die?
Answer:
There
are two angles to it. The first angle is if you have not yet received
the title deeds, then the sale would be passed onto your beneficiaries.
The second angle is if the title deeds are in your name, then it is
highly recommended to write a will. This can be done by a solicitor and
will cost you approximately 200 pounds. It must be done by a solicitor
in Turkey.
Question: Do I have to find my own solicitor?
Answer:
The choice is yours as to whether you want to use your own solicitor or one that is recommended by us as an estate agent. If you would like to choose your own then please get in touch with us and we will send you a full list of English speaking solicitors in this area.
Question: When am I able to sell the property?
Answer:
As soon as you have received your title deeds. If you keep the property for five years before selling then no capital gains tax is applicable.
Question: My question is not listed
Answer:
Please get in touch with us listing all your questions and we will respond with all relevant details.
