What are the best times of year to come to Turkey? What is the currency? Can I pay my daily purchases in €? What about the medical services? How is the general perception of locals toward foreigners? Is it necessary to learn the language? Do the places where you operate have an easy access all year round? Do I need a Visa to enter Turkey? How many times a year can I come to Turkey? What documents do I need to purchase a property? What are the main points I should be very careful about before purchasing a property? What is the purchase process? Are there any international banks where you operate? How can I be sure that I do a safe purchase? How long do I have to wait before getting my title deed? What about inheritance? Can I take my money back to my country if I sell my property? Do I have to pay capital gain tax if I sell my property? What are the local taxes I will have to pay? What are the extra costs to purchase a property in Turkey? Can I invest in more than one property? Is there any way to get a Turkish mortgage on my property? Leasehold or Freehold? How about the insurance? A-ABOUT TURKEY 1 - What are the best times of year to come to Turkey? ...go on top... Coastline Real Estate operates in the beautiful southern coast of Turkey, where the sun shines approximately 300 days a year. The summer season truly kicks off by end March until end November, times at which you can fully enjoy all the pleasures of owning a property in the Turkish Riviera. Although the winter season is (naturally) a little bit chillier, the weather never gets below 17 C. 2 - What is the currency? ...go on top... The Turkish national currency is the Turkish Lira 3 - Can I pay my daily purchases in €? ...go on top... Although some shops will accept your payments in €, it is strongly advised to have use of the Turkish Liras. No worry, you can easily find an exchange office close to your property. 4 - What about the medical services? ...go on top... Turkey has a worldwide known medical reputation.,There are 4 private fully equipped hospitals in Alanya. All hospitals have agreement with major global insurance companies. 5 - How is the general perception of locals toward foreigners? ...go on top... To warmly welcome any guests is an inseparable part of the Turkish culture. You can be sure that you will feel just as good as your country (if not more comfortable) any time you visit Turkey. 6 - Is it necessary to learn the language? ...go on top... To learn the language is completely up to you. It is not mandatory to learn the language since in touristic places where we operate English and all other languages are generally widely spoken. 7 - Do the places where you operate have an easy access all year round? ...go on top... The nearest airport to the location where we operate is the Antalya International Airport, which operates all year round. There are many flights from and to major World airport to Antalya all year round. 8 - Do I need a Visa to enter Turkey? ...go on top... According to your country of arrival a Visa might be necessary. However, it is easily obtainable at the airport of arrival. 9 - How many times a year can I come to Turkey? ...go on top... There are no restrictions on that matter. You can fully enjoy the pleasures of your property in Turkey as many times as you wish. B-ABOUT PURCHASING A PROPERTY IN TURKEY 1 - What documents do I need to purchase a property? ...go on top... All you need to purchase a property in Turkey is a passport and 6 passport size photos. 2 - What are the main points I should be very careful about before purchasing a property? ...go on top... There are no legal restrictions for a foreigner to purchase a property except a few ones. Our company's offers are all fully inspected and a pre-due diligence has been done before being put on the market. However, should you wish to use a lawyer, we can advise you with a list of independent lawyers that you will hire at your cost. 3 - What is the purchase process? ...go on top... Once decided, our company official will first take you to the bank to open a bank account. Then you will have to take an official tax number which is obligatory for the purchase. Our company representatives will than take you to the notary, where you'll give a one-time authority to our representative who will follow all the legal and official procedure of your purchase while you are away. And that's it, you are now a house owner in Turkey. 4 - Are there any international banks where you operate? ...go on top... There are many international banks in locations where we operate (HSBC,Fortis,Dexia..) but also Turkish banks with offices in different countries of world. (Is Bank,Garanti, Akbank) 5 - How can I be sure that I do a safe purchase? ...go on top... All our offers are fully inspected by our property specialists, and only put on the market once a clear due diligence has been done on the property. Although the laws in Turkey are in favor of the purchaser and a lawyer is not obligatory while doing a purchase, in case you prefer hiring a lawyer, we can advise you with a list of independent attorneys, that you will have to hire at your own cost. 6- How long do I have to wait before getting my title deed? ...go on top... It takes +/- 3-4 months for you to have your title deed starting from the day you purchase a property in Turkey. The main reason for that is due to the fact that official papers from the purchase are sent to the Military, for a last inspection. 7- What about inheritance? ...go on top... Unless not mentioned otherwise, in case something happens to the title deed holder, the property is automatically inherited by the spouse or the children. To make amendments on the title deed would involve legal assistance. 8 - Can I take my money back to my country if I sell my property? ...go on top... Yes, there are absolutely no restrictions for you to take your money back to your country of origin, except the capital gain tax that you will eventually have to pay (see FAQ No: 9) 9 - Do I have to pay capital gain tax if I sell my property? ...go on top... According to Turkish laws, you do not have to pay capital gain tax if you sell your property after 5 years of ownership. 10 - What are the local taxes I will have to pay? ...go on top... There are municipal taxes to be paid twice a year(annual property tax), but very minimal compared to major other European cities. 11 - What are the extra costs to purchase a property in Turkey? ...go on top... Except the title fee expense, there are absolutely no hidden costs in our offers. The price you see in the contract is the final price. 12 - Can I invest in more than one property? ...go on top... Yes, there are no restrictions to the number of property you can purchase in Turkey. 13 - Is there any way to get a Turkish mortgage on my property? ...go on top... Yes, our company can arrange for you a mortgage on your TURKYSH property. Please click here for further information on our company mortgage policy. 14 - Leasehold or Freehold? ...go on top... Properties in Turkey are Freehold. 15 - How about the insurance? ...go on top... Major global insurance companies operate in Turkey, and our company can advise you the companies with the best rates. |