The services offered below are offered by our
developers. Euroburo Ltd is a property marketing company.
You buy your property directly from the builders / vendor and Euroburo Ltd acts
purely as their advertising agency.
Q: WHY BUY A PROPERTY IN TURKEY
A: Answer the following questions:-
Is your Pension Plan doing OK?
Are your investments growing?
If you answered No to either of the above questions then think about investing
in a property in Turkey. Putting your money into bricks and mortar has been
advised for centuries. Unfortunately in the UK this has led to massive house
price rises that make property unavailable to most people. To cap it off the
Bank of England has raised interest rates all the time making your UK investment
profits even less. Thankfully the laws in Turkey have now changed so that non
nationals can purchase property. The process is simple and inexpensive. The
average property price in Altinkum 2 years ago was £8000 now it is £30000. With
more British moving to Turkey and benefiting from the obvious plus's of its
superb climate, coastline and places of interest to visit, buying property in
Turkey is now a good and solid investment, especially with its fast approaching
entry into the EU. So why don't you capitalise on this upward trend. Invest in
Turkey and enhance your life. Anyone who decides to invest in Turkey will come
out a winner.
Turkey is a fast developing economy with Turkey
preparing new laws and regulations in order to become a full member of the
European Union. This process is expected to take place within the next few
years. When Turkey joins the European Union prices on properties will rise in
line with European levels. Therefore, this is the right time for buying and
investing in a property in Turkey. Putting your money into land, bricks and
mortar has been advised for centuries. Thankfully, with the laws in Turkey
having now changed, non-nationals can purchase property here. The process is
simple and inexpensive. The average property price in Altinkum 3 years ago was
£8,000.00 now it is £30,000. Where in England would you buy a property that can
more than quadruple in the space of such a short time. More and more British
people are moving to Turkey or purchasing holiday homes and benefiting from
this. Spain was once an inexpensive Country in which to buy a property but
prices have substantially increased over the years. Turkey is the new Spain at
affordable prices with properties having excellent rental potential. Turkey
offers you a happy, warm and welcoming environment. Altinkum has one of the
cleanest bays in the Aegean sea and fantastic weather. Turkey is not as
commercialized as most holiday resorts, part of Altinkum’s charm is the simple
way of life and friendly atmosphere. So why don’t you take advantage of this
rising trend. Invest in Turkey and enhance your way of life.
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Q: HOW CAN I COME TO TURKEY TO VIEW YOUR PROPERTIES?
A: As soon as you have organized your flight to Turkey, contact us with your
flight details, and we will arrange your airport transfers and your
accommodation whilst in Turkey, at very good rates.
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Q: IF I OWN A PROPERTY IN TURKEY IS THERE A LIMIT TO
THE AMOUNT OF TIMES I CAN VISIT IT?
A: No, there is no limit.
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Q: I WANT TO STAY IN TURKEY LONG TERM IS THIS
POSSIBLE?
A: It is possible. UK citizens would need to get a residency visa from officials
for this. We can assist clients with the process, clients would need to only pay
petrol costs for the journey to the officials office.
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Q: IF I DIE WILL THE TURKISH GOVERNMENT HAVE ANY
CLAIM TO MY PROPERTY
A: No, it won't. The same rules apply to English law in that the husband/wife
and children will then inherit the property.
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Q: ARE PROPERTIES FREEHOLD OR LEASEHOLD?
A: They are 100% freehold.
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Q: I HAVE HEARD THAT THE TURKISH GOVERNMENT CAN
CLAIM 52% OF MY PROPERTY IS THIS TRUE?
A: No, it is not true. The Turkish Government has no share or stake or claim on
any property that is bought by foreigners and Turkish citizens alike. The
property purchased will belong 100% to the buyer. This has been verified by the
Title Deeds office in Turkey.
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Q: WHAT KIND OF TAXES DO I NEED TO PAY? A:
A Buyers Property tax, which will be approx. 1.5% to 3% of the sale agreement
price depending on location . A Government tax – approx. £100. A Property tax –
1% of property price Community tax – paid twice or once yearly (only £8 for the
year!) for local services. A new law was passed in August 2003 stating that all
persons purchasing property will have to pay Earthquake Insurance to the
government. The amount depends on the property price and location, and is
usually in the region of £20 - £60. The actual amount to be paid will only be
determined once the Title Deeds have been authorized. Once the payment has been
made for earthquake insurance, the government will issue clients with an
earthquake policy. From then on, earthquake insurance will be paid annually.
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Q: IS PURCHASING PROPERTY IN TURKEY A GOOD
INVESTMENT?
A: Currently prices in Turkey (especially in Altinkum) are incredibly
reasonable, so owning property is a fantastic investment opportunity. Prices are
constantly rising, so purchasing now is a good idea! It is widely believed that
Turkey will enter the EU within five years or so. Once that happens, property
prices will definitely increase.
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Q: WILL I BE ABLE TO RENT OUT MY PROPERTY?
A: Yes. Our principals can assist clients in renting their properties out. They
charge 20% of the total rent price, and for this, we they advertise the
properties on their “Property for Rent” section on our website. They will ensure
the property is cleaned before and after guests use it, we will wash the towels
and sheets guests use and they will check the property before guests leave to
ensure all is in good order.
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Q: WILL I HAVE TO PAY TAX ON MY RENTAL INCOME?
A: Foreigners that purchase property and subsequently rent it out are not taxed
on this rental income. However, Turkish citizens who own property in Turkey and
rent it out, are taxed on their rental income.
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Q: IF I PURCHASE A PROPERTY WITHIN A COMPLEX HOW
MUCH TO I HAVE TO PAY YEARLY FOR MAINTENANCE?
A: Maintenance costs for complexes vary considerably - from approximately £170 -
£750 per year for the upkeep of the complex.
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Q: IS IT BETTER TO INSTALL CEILING FANS OR AIR
CONDITIONING?
A: It is definitely worth your while to install air conditioning units. In
Turkey, an air conditioning unit for the bedroom will cost £200 to £420
depending on the room size, and an air conditioning unit for the living room
will cost £400 to £700, once again depending on the room size. Most air
conditioning units are split units which means they blow cool air in the summer
and warm air in the winter.
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Q: A LOT OF PROPERTIES HAVE SOLAR HEATING PANELS CAN
THESE BE USED IN THE WINTER?
A: It is a good idea to have solar heating panels installed if your property
does not have one. Solar heating panels are used in the summer months to heat
water. They are ecologically and economically sound. However, on overcast days
or days when it is cold, especially in the winter, an electric heating water
system is also required.
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Q: IF WE SELL OUR PROPERTY CAN WE TAKE THE MONEY OUT
OF TURKEY?
A: Yes you can. It would be better to do this via a bank so that money is
recorded leaving and entering countries.
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Q: IF I PURCHASE A PROPERTY THAT NEEDS RENOVATION
CAN YOU ORGANISE THIS?
A: Yes, we can. We have a team of highly experienced builders who work for us,
so we can easily supply a quote for clients for any work that needs to be
carried out. We can also supply clients with progress reports upon request. They
do the following: General construction of the main building, installation of
kitchens and bathrooms, tiling, painting, plumbing, electrical work, design &
construction of swimming pools and/or surrounding gardens.
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Q: IF I PURCHASE LAND CAN TURKISH HOME SWEET HOME
CONSTRUCT ON IT?
A: Yes, we can. We have a team of architects at the clients disposal should they
decide to build on their land. We can take clients Title Deeds to the government
land registry to check that they are in order and from there we will be able to
determine how the land can be split up and what type of property we can
construct on the clients behalf (e.g.: apartment block, duplex, triplex, villa).
We will put our findings in a report to the client. Our architects can draw up
plans according to clients specifications, or clients can have their own plans
drawn up in the UK, and we can construct from these.
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Q: CAN I OPEN A BANK ACCOUNT IN TURKEY?
A: Yes. We can assist clients with this. Clients will need to take their
passports with them for the accounts to be opened. Setting up a bank account is
useful for paying utility bills via direct debit.
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Q: WHAT ARE THE BANK OPENING TIMES?
A: Opening hours vary, but banks are generally open from 9:30am – 5:00pm with a
lunch break between 12:30pm – 1:30pm.
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Q: WHAT OTHER FACILITIES DO BANKS OFFER?
A: Facilities also vary, but most major banks offer money exchange (travellers
cheques, sterling, eurocheques (but note that they do charge commission for
these services). Most banks have a cash point system where holders of Visa,
Access, Mastercard, Eurocard and Delta can obtain cash.
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Q: WHAT IS THE CRIME RATE LIKE IN TURKEY?
A: The crime rate is low in Turkey – definitely much lower than in Spain and the
UK.
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Q: CAN I GET HEALTH INSURANCE?
A: You can. Our principals can assist you with this. Turkey does not have a
system like the NHS. Although you also have the option to pay as you go with
most Doctors in this area.
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Q: CAN I HAVE SATELLITE TV INSTALLED?
A: You can have a satellite dish installed for satellite TV, so you can watch
programmes such as BBC World, BBC Prime, CNN International, Eurosport and some
other English programmes.
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Q: CAN I HAVE A TELEPHONE INSTALLED?
A: If you have a residency visa, you can have a telephone installed. Otherwise,
no. However, clients can use their own mobile phones, all they have to do is
purchase a SIM card from one of the shops in Turkey on a pay-as-you-go basis.
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Q: WHAT IS THE ELECTRICITY VOLTAGE?
A: It is 220 volts. In some areas where power surges are a factor, the purchase
of a regulator is a necessity as it smoothes out these surges before they reach
the electrical goods in your property.
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Q: APART FROM TURKISH LIRA WHAT OTHER CURRENCIES
DOES TURKEY ACCEPT?
A: Sterling Euros and Dollars.
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Q: WE WILL BE MOVING TO TURKEY PERMANENTLY WE WANT
TO BRING OUR FURNITURE IS THIS A GOOD IDEA?
A: Electrical goods are taxed heavily when entering Turkey. The cost of
furniture is so reasonable in Turkey that it would be a better idea to sell your
furniture in the UK and use that money to buy new furniture here.
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Q: WHAT IS THE BEST TIME OF YEAR TO COME OVER?
A: Summer months are from May – October. The hottest months are July and August
where temperatures reach 40 degrees Celsius. If you do not like extreme heat or
if you are elderly, I would recommend you come over in June or September. The
second week of September is a lovely time of the year. The scenery is lovely in
May as the country has just come out of its rainy season, so there are hundreds
of wild flowers about and the grass is green. In the winter months, it does tend
to rain. February is generally the coldest month of the year.
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Q: WHAT ARE THE ROADS LIKE FOR DRIVING?
A: Driving in Turkey is on the right hand side of the road. Not all drivers
observe the ‘Right Of Way’ ruling. Be careful when crossing roads whilst
walking, as Turkish drivers generally do not stop at zebra crossings.
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Q: IS IT SAFE TO DRINK WATER FROM THE TAPS?
A: The water in the taps has a high mineral content which will upset your
stomachs. It is recommended to drink bottled water at all times .
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Q: WHAT ARE THE DOCTORS LIKE IN TURKEY?
A: Most doctors in Turkey speak English and are well trained.
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