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HOW TO BUY PROPERTY IN TURKEY ?

December 6, 2011

This is actually much simpler than in many European countries, and there is no difficulty in a foreigner buying property or even land in his own name. There are a few restrictions; you cannot purchase




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(Free-Press-Release.com) December 6, 2011 -- This is actually much simpler than in many European countries, and there is no difficulty in a foreigner buying property or even land in his own name. There are a few restrictions; you cannot purchase property in areas which are in the countryside and are not under the control of a municipal town or borough. The same restriction applies to military zones.

Belka Group of Companies friendly and experienced sales team will give you a guided tour of several areas along the Belek area , take you to various new developments and give you all the advice you need for buying property in Turkey.

There are some months in the year regarded as the best time to buy when prices are at their lowest, and taking advantage of early release prices by buying off plan can also keep costs down.

Once you have found your dream Turkish property and made an offer, you have to sign a contract of reservation. This effectually takes off the property from the market for a short period of time, say, 30 days, and you pay a holding deposit. At this point an agreement is drawn up and you are given a copy of the Title to the property. You should decide at this time whether or not to go in for a survey of the property, and open a bank account in Turkey (most banks have internet banking in English, it is worth checking first). You will also need to register with the Turkish tax office to apply for a tax number. Belka estate should help you with this.

When you are buying a property, always use an independent Turkish lawyer, for your conveyancing, preferably one that is not tied in to your agent on a commission basis, to ensure your sale goes smoothly. Belka Group Company work team have a ''in- house'' lawyer ,

Now your lawyer has to start making enquiries into the details of the property. He will do a title search, to make sure that the owner actually owns the property. He also has to check whether the property is clear of debts; whether the construction is legally sound; whether the sale contract is in correct English. After the checks are completed, you have to sign a preliminary purchase contract and a deposit has to be paid.

There may be a few more things your lawyer should look into; for example, a military investigation needs to be conducted in order to check if the property is not in a military zone or areas that are strategically important in terms of agriculture, energy, irrigation or protected habitats or areas that are deemed to have religious or cultural significance if you are buying a Turkish property, although this rule may soon be abolished. A company may have to be set up if, as a foreigner, you are buying land above 300,000 sq. metres (buying of land in Turkey is generally limited to 2.5 hectares for foreigners) or in an area that is designated to Turkish buyers only.


BELKA GROUP OF COMPANIES
THE INDEPENDENT TURKEY GOLF HOLIDAY AND PROPERTY SPECIALIST

BELEK PROPERTIES TURKEY GOLF HOLIDAY AND PROPERTY
www.belekproperties.com

Address : Akınlar Mah.Alan Cad.104 Sokak,No:1 Belek,Antalya,TURKEY
Phone Number : +90 242 725 5057 - Email : info@belekproperties.com


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Contact Information

  • Name: Belek Properties

    Company: Belka Group of Companies

    Telephone: +90 242 725 5057

    Email: ***@belekproperties.com


  • About the author

    The Belka Group of Companies established in Belek,has been involved in tourism, tailor-made golfing holidays to the Belek,currently engaged in real estate.



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