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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
Q: ARE PROPERTIES FREEHOLD OR LEASEHOLD?
A: They are 100% freehold.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
-------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
Q: APART FROM TURKISH LIRA WHAT OTHER
CURRENCIES DOES TURKEY ACCEPT?
A: Sterling Euros and Dollars.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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 .
--------------------------------------------------------------------------------
Q: WHAT ARE THE DOCTORS LIKE IN TURKEY?
A: Most doctors in Turkey speak English and are well trained.
