BUYING PROCESS
Buying a property in Turkey is easier and more reasonably priced in comparison with any of the European countries. However, this process can still be tiring and distressing. We at JONMAN HOMES know these difficulties and deal with them on your behalf.
Your biggest difficulty will be to decide the type of your property you want. Will it be off-plan or custom built? To decide effectively, you can utilize our Inspection trip service.
The PATH TO follow involves three phases:
A- Agreement phase:
- Passport photocopies
- 6 passport size photos – for Title Deed
- A tax ID number from the tax office – necessary to open a Turkish bank account
- Opening a Turkish bank account
- Assigning a Power of Attorney – your legal representative or JONMAN HOMES who will be able to stay in Turkey during the process.
- Signing the contract – in the company of your lawyer.
N.B.: Our clients must pay a £2000 non-refundable deposit for reserving the property. This amount will be subtracted from the last payment while passing on the keys.
B- Building phase:
- First payment 30% of the total value – just after signing the agreement
- Second payment 30 % of the total value – 3 months after the agreement
- Third payment 30 % of the total value – 6 months after the agreement
N.B.: You will be able to observe the development of the site monthly on our website and your questions will be replied as soon as possible.
C- Completion phase:
- Inspection of the property before handing it over
- Last payment 10 % of the total value [minus £2000 deposit] – just before passing on the keys
- Passing on the keys
- Obtaining the Title Deed – We apply and get the Title Deed (TAPU) in your name. The period for obtaining a TAPU is approximately 3 months.
Supplementary Costs
Military application charges |
JONMAN HOMES pays for you |
Title Deed (TAPU) registration charges |
JONMAN HOMES pays for you |
Infrastructure charges |
JONMAN HOMES pays for you |
Electricity and water connection charges |
JONMAN HOMES pays for you |
Notary charges |
£90-£180 |
Translator charges |
£60-£90 |
Solicitor charges |
£500-£1000 |
Buyer's tax |
1.5% of the value |
(NB: Based on 2007 charges)
Also you have to pay the following annually:
DASK - insurance for earthquakes
Government council taxes
maintenance fees
N.B: You may apply for other insurances (theft, fire, flood etc.) as well, but only DASK is compulsory others are optional. |