Altinkum Didim Akbuk Properties

The following information is intended to help you understand the process of buying a property in Turkey and to give you an indication of the obligations of overseas home ownership. Once you have decided on which property to purchase, we will take you to the solicitors' office where the sale agreement will be drawn up.

The solicitor will make sure that the title of the property is checked; that the person who is selling the property actually owns it; whether there are any charges on the property; where applicable that building licences and permissions are in order; and that the terms and conditions stipulated by the seller are checked for fairness.

The sale agreement will be translated from Turkish into English by the legal translator. The solicitor, legal translator, buyer and seller will sign the sale agreements, and each party will get the sale agreement in Turkish and in English, and this will also be given to Altinkum Property Management for our records.

The deposit, legal fees and Altinkum Property Management agency fees will need to be paid at this stage.

Please note: (All deposits are non refundable.) The solicitor will then arrange for the paper work to be sent to the title deeds office for the transfer of the title deeds into your name. The title deeds office will send the passports and title deeds to Izmir for the military check. This military check is only to determine that the area the property is in, is not within a certain kilometer radius from a Turkish military base (this could take approximately 3 months).

If you would like to give our solicitor in Turkey Power of Attorney to sign for the release of your title deeds from the title deeds office once the title deeds have been authorized, we can take you to the notary office to have this done (only during week days). Please note that giving our solicitor Power of Attorney does not give us or our solicitor any claim over your property, it will be your name and picture on the title deeds.

A payment plan will be drawn up at the office of Altinkum Property Management and will be given to the client along with receipts for monies paid. Once the title deeds have been authorized, we will inform you. This is the time when you need to usually pay the balance due of your property, the buyers tax, earthquake insurance and the water and electricity connection fee. We will inform you of all payments that need to be made at this time (as reflected on your payment plan).

The release of the title deeds from the title deeds office is signed in the presence of the notary by the buyer and the seller. You can either attend the signing in person or appoint someone as power of attorney to attend on your behalf (which our solicitor can do for you – if so, we will email / post a copy of the title deeds to you for your records, and the original will be kept at our office and you can collect them when you next come to Turkey.)

The solicitor will then arrange for the new title of the property to be registered with the local council office (for property tax purposes). A guide to the legal costs involved The solicitor's fees Altinkum £250 The legal translator's costs Altinkum £80 Notary charges approximately £60 for power of attorney and translator.

Other Costs Altinkum Property Management  Agency fee 3 % of total property price.

Buyers tax : Approximately 1.5% to 3% of the sale agreement price depending on location .

Government tax: Approximately £100 - £500 / € 148 - € 740 depending on location.

Property tax : Approximately % 0.5 to % 0.6 of property price, paid yearly, depending on type of property and location. Water & electricity connection fee : Between £200 - £350 / € 305- € 510 depending on type of the property and location.

Earthquake Insurance : Depends on property price and location. (required by law)

If property is bought in a complex: There is an average maintenance charge of £ 170 / € 252 - £ 750 / € 1,109 When purchasing property, the buyer will be responsible for paying the water and electricity connection fee. We, at Altinkum Property Management, can organize this for you when you give us power of attorney to act on your behalf.

The buying procedure in Turkey is easier than in many European countries The procodure for purchasing property in Turkey is also easier than in many other foreign countries.Since the passing of the new Foreign Property Law, the producedure now takes approximately 3 months.

The reason it takes this timescale is for appropriate security and military checks to be made to ensure there are no restrictions on the land or property of your choice a solicitor should make a legal agreement between buyer and seller.

This agreement includes issues such as deposit required,payment plan times and any terms and conditions agreed.A legal translator should be present at all stages to represent the buyer.

Once agreed both parties will sign the contract. If you wish,you can appoint the solicitor to be a Power of Attorney to act on your behalf in signing for the title deed in your abscence.When all appropriate checls are completed you can then receive our Title Deed (Tapu).