The gorgeous Mediterranean country of
Turkey is a popular destination for those who are looking to invest in holiday
homes. Owning one of the many beautiful villas
in Turkey means that you will spend your holidays hiking through ancient
ruins, swimming in the warm blue sea, and dining at delicious local
restaurants. What is there not to love about spending time in this beautiful
setting?
The process of buying villas in Turkey can be somewhat
complicated and confusing, but it just takes patience and attention to detail.
Once the deal is completed, you will be able to enjoy your beautiful holiday
home for many years.
Here are some important things to known
when buying villas in Turkey:
·
Buying villas in Turkey is very similar to the process in many other
European countries. You will need to pay a deposit on contract and then make a
balance payment when the title deed is transferred.
·
However, the one requirement
that it unique to Turkey is the need for “military approval”. This sounds
dramatic and difficult, but it is simply a check to make sure that you have a
right to buy the property. Once you pay the deposit, your agent or solicitor
will apply for military approval for you by submitting a photograph of your
passport and the details of the sale. It usually takes only 3 months to obtain
military approval for buying villas in
Turkey.
·
Before buying a property,
always check to make sure that the title deeds actually belong to the property
in question and that the house actually belongs to the person who claims to be
the owner. There has been many property scams of this nature in Turkey, so be
sure to check the photo ID of the seller against the name on the title deeds to
make sure.
·
If the property is under joint
ownership not all of the people who are named on the title deed will
necessarily have agreed to the sale, so this is something that you will need to
check as well.
·
Another thing to watch out for
is whether the current owner of the property has any overdue debts on the utility
bills or taxes.
·
Check to ensure that the
building meets all earthquake proof regulations, as some older buildings in
Turkey might not.
·
Make sure that you have all of
the required documents for purchasing villas
in Turkey. This includes your passport, a local tax number, a bank account
in Turkey, and two recent photographs of yourself.
·
Although it is not required to
hire the services of a lawyer when buying villas
in Turkey, it is recommended because property laws in this country can be
somewhat confusing especially for a foreign investor.
·
Don’t forget about all of the
extra costs involved in buying property in Turkey, such as accommodation tax,
connecting the electricity and water, translation fees, notary fees, purchase
taxes, and more.
·
Once you purchase your Turkish
property, it is a good idea to set up some household and property insurance.
Remember these important tips when buying villas in Turkey.
Author Bio
If you are purchasing villas in Turkey, here are some
crucial tips to remember.