Villa prices and buying details

Buying guide

The basic price of the Villas are shown on the respective pages. At the time of purchasing you may decide to have alterations or additional items. Prices will be advised for such works. Once all has been agreed the process will be along the lines of the following:

1. There will be a simple contract in both English and Turkish. Being in Turkey the Turkish version will prevail. If all parties agree, they are signed.

2. A 20% deposit will be required. Recognising that you will probably not have this on you an initial payment of 800 Euros is required as a property holding deposit until you return back home. A receipt and statement is issued along with a Property Statement which will spell out what you are buying (including any extras/additional works).

3. Once you are home, the balance of your deposit (i.e 20% per cent of the total cost less the Euro 800) for your property purchase, is to be transferred. This is to be done within 28 days as per the signed agreement.

4. Once the funds have been confirmed to have been received, for which you will receive a receipt, you will receive another Property Statement via email, showing you your updated balance on the purchase.

5. If interior construction is applicable to your property as per the agreement, you will receive reports and photos showing the progress.

6. The final part of your property purchase is carried out upon your return to Turkey. Both the buyer and seller attend a meeting and the contract is signed by both parties and the remaining balance for the purchase is given to the seller. At this point the buyer is the legal owner of the property. The documents are then passed to a Notary (The Notary carries out the same function as a Solicitor would do in the UK).

7. The Tapu (Deed) is then sent off to Izmir with four passport-sized photos for inspection by the Military. A new Tapu is issued in the buyer’s name(s) and is then registered with the Deeds Office. After this procedure is carried out, the buyer then owns the land as well. This second part of the procedure normally takes from three to six months and is the standard practice in Turkey.


OTHER COSTS:

Extra Costs of Buying Property in Turkey:

Costs of commission, taxes and fees:

The buyer and seller must each pay a 3% Agent's fee. (These are standard terms offered by all Real Estate Agents in Turkey).

A 3% purchase tax (against TAPU value) must also be paid by the buyer. Power of Attorney fees, fees for the processing of documents in Izmir, passport translation costs and the like are all payable by the buyer. We would estimate that 1500 YTL would cover these and the 3% purchase tax for The Rose Garden Properties and slightly more for the Belek Golf Residences. This is payable at the time of purchase and you should ensure you understand how any refund (or additional money) will be addressed.

Should you decide to use your own legal advisors then such charges will be additional to the above. (We didn’t and everything went through smoothly and we received our TAPU).


There is an annual property tax, collected by the local government at the rate of 0.1% for houses and 0.3% for developed lands. This payment is usually made in two parts, at the end of May and again in November. New properties are exempt from the annual property tax for the first year. All properties are subject to revaluation every year for tax purposes.

At the time of purchase there are legal fees to be paid to the Notary, interpreter fee,local planning office to start conveying the deed in a foreign citizen's name.

Property 'Buildings and Contents' insurance costs approximately £200 to £250 per year.

For budgetting purposes we would estimate a budget of around 6% to 8% of the selling price to budget for the total cost of purchasing your property.

Furnishing your property. We did ours for around £3,500. This will obvioulsy vary depending on your tastes and chosen quality.



Ongoing costs


Rose Garden Villas is a Co-operative development, there is an annual strata fee payment for security services, outside lighting, landscape and swimming pool maintenance. For 2006 this is 100YTL per month (Approx £40). The Phase 1 Orange Blossom Villas are also paying 100YTL per month and this is being managed for them by the construction company. This may continue or the owners may elect to arrange their own.

Bottled gas is normally used for cooking.
Electricity Bills are payable monthly through a local bank ( Direct debit) or directly to the Turkish Electricity Board.

Water Bills - payable to the local authority.





The above is given in good faith based on our experience of buying. We give no warranty as to its continued accuracy.

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