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Properties in Turkey

Buying an investment or holiday property in Turkey is a lot easier than in many other European countries.

In order to acquire the Title Deed of a property, an application has to be submitted to the local Land Registry Office in which the property is situated. After carrying out necessary checks for the above mentioned requirements, the transfer of the Title Deed is done by the Land Registry Office. A Tax Expense of 1.5% company, 1.5% customer is collected from the purchaser during the transaction.

An annual property tax is collected by the municipalities (i.e. local governments) at the rate of approximately 0.1% for land and 0.3% for property in the Bodrum area. In the big cities these figures are double. All properties are subject to revaluation every year for tax purposes. On newly built properties, within 3 months of construction finishing, the buyer must complete an official affidavit and submit it to the municipality for these tax purposes.

The acquired property may be resold, rented out or willed and the proceeds may be transferred out of Turkey. Please note: Different regulations apply when a property is purchased for business related purposes.

Below are a selection of our prime new developments in the beautiful country of Turkey.