If you've already been to Turkey or just dream of owning a home in the sun, the Aegean Coast of Turkey is the perfect location for you. There is a great choice of affordable property, beautiful blue flag beaches and of course it is now one of the best property hotspots in Europe for capital and rental returns.
Our professional service allows you to benefit from our local knowledge and know how at every step of your journey – from your initial enquiry to the moment you receive the title deeds for your Turkish property.
Before you start your property search on the Aegean coast of Turkey you should set yourself a realistic budget and decide exactly what it is you want, both in terms of your personal financial situation and your choice of property, this will save you time and help avoid any disappointment later on.
The Buying Process
A good place to start is www.turkisheconomy.org.uk it details everything you need to know about buying property in Turkey. Although it may seem the buying process in Turkey is complicated it's actually very straight forward and we will be here to guide you and give advice through every stage of your purchase.
Preparation is paramount if you want to ensure your search for a dream home in the sun is successful. The best properties are always in high demand so you may need to act quickly if you want to avoid disappointment!
When you have seen a property you want to buy and agreed the price the payments on your purchase contract usually fall into four sections.
- The initial non-refundable reservation deposit (usually 10-20%)
- First stage payment
- Second stage payment depending on time scales
- Final payment when you receive your Title Deeds (TAPU)
*If buying in a foreign currency like Euros or GBP, we recommend you use a specialist commercial foreign exchange company such as Moneycorp for the best available exchange rates.
If you need a mortgage to buy a property in Turkey, the easiest and simplest way to raise the money is to re-mortgage your own property in the UK. Most of our clients go to their existing lenders who are normally happy to consider a loan against their UK property, especially if they have had a successful payment record with them. Although mortgages are now available in Turkey to all EU residents they are still at an early stage of development, generally not competitively priced and the successful application rate is currently very low.
Although it is not compulsory to use a lawyer to buy a Turkish property, we strongly recommend you do. A lawyer will typically charge £250 - £500 for their services, to this you also need to add the purchase tax (currently 3.3% on the declared value of your property in Turkey), agent fees, accommodation tax, water and electricity connections charges, notary and translation fees.
We are able to arrange property insurance through our licensed suppliers for both your building and contents at preferential rates. Also DASK Insurance which is compulsory earthquake insurance and a legal requirement in Turkey.
Please contact us for more details API Insurance Quote specifying the location, property type, value of the building and property contents and total square metres.
Now discover a selection of the best properties currently for sale on the Aegean Coast of or contact one of our advisers for further assistance or to organise a Inspection Tour – a great way to view a range of properties and get to know the local area before buying your home in the sun.