Property Select, Turkey

Beach Villas, Turkey

 

 

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Payment Plans

   

Payment Plan A

Price of property and optional extras is paid in full within 30 days of property being reserved (5%discount on the price of the property).


 

Payment Plan B
  • Reservation fee of £2,000 per property

  • 40% of purchase price including reservation fee payable within 30 days

  • A further 20% of purchase price payable within 3 months

  • A further 20% of purchase price payable within 6 months

  • The balance of purchase price and payment for all extra requirements, such as air conditioning and furniture packs on completion of the property.

Options can be added at any time up to the completion date but will have to be paid for in full except when ordered at the time of reservation of a property.

When buying a property you should calculate approximately 8% additional costs for the up front financing of the purchase (this includes buyers commission of 3%). Below is breakdown of these costs.

A broad guide to the legal costs involved

Our solicitors are based in Turkey but are English speaking and are recommended by the British Embassy. Click here to view their website.

Their €850 fee is inclusive of:

  • Sales agreement in English and Turkish.

  • Meeting with buyers and agreement explanation.

  • Application for military check.

  • Complete transfer of title dead (option of power of attorney).


Other Costs

Buyers Commission: 3% (Example: £1650 on a £55,000 apartment)
Military Verification Check: £350
Buyers tax: Approximately 1.5% of the sale agreement price
Insurance: £100 - £175 per year
Government tax: Approximately £100 / € 148
Community tax: £8 / € 12 paid yearly for local services
Property tax: Approximately 0.5% of property price, paid yearly
Water & electricity connection fee: Approximately £250 / € 370. Water is then FREE once the connection fee has been paid
Earthquake Insurance: £100 - £175 per year
Habitation Tax: 1.5% of sales agreement price
  • There is an average maintenance charge of £500 for 2005

  • When purchasing property, the buyer will be responsible for paying the water and electricity connection fee.

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