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Why buy in Turkey?
“TOP 10” reasons to buy in Turkey
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Area & locations - Dalaman, Fethiye, Gocek & Oludeniz
Properties
Important information and the buying process
Inspection Trip to Turkey

If you have never visited Turkey before, then you will be amazed from the moment you step off the plane!
As a location Turkey is a land of stunning beauty which surprises most people the first time they visit, the clear blue Mediterranean sea, lovely blue flag beaches and bays surrounded by mountains all along the coast. It is a very green and fertile country, inland you have mountains and lakes.

The long summer season from Easter to October and some 300 days of sunshine a year make it an ideal climate for a holiday home and this also makes it ideal for rental potential. Once visited you are sure to want to return time and time again to Turkey, as there is so much to see, do and experience.

Turkey offers everything you could wish for in a holiday or retirement home destination.

With a combination of sun, sea and mountains plus the most incredible history and ancient wonders to explore, Turkey has more ancient sites than any other country, it is perfect for beach bums and culture freaks alike. The sea around Turkey makes for wonderful sailing and there are dazzling marinas all along the coast. For golfers new courses are being built. Turkey also has ski resorts within a couple of hours drive inland of parts of the coast.

Turkish people are friendly and are known for their genuine hospitality. Being located at the gateway between east and west, Turkey has seen many different travelers and conquerors pass through its lands over the centuries, yet it is a country with a modern outlook and cosmopolitan cities.

Property taxes and the cost of living are low, inflation is at its lowest for decades, getting around is cheap, safe and easy as there are good bus and local taxi services. The main airports of Istanbul, Izmir, Bodrum, Dalaman and Antalya are open all year round, with low cost airlines operating from many UK airports, this makes it very accessible.

Turkey has quietly been developing and growing its tourism, by improving its infrastructure with new airports and roads whilst still respecting its coastline, scenery and the environment with tight planning regulations, but it still remains a beautiful and un-spoilt country.

Turkey is a good investment for the future, prices are still comparably low compared to places such as Spain.
The Turkish economy is one of the worlds fastest growing. Property prices are still rising each year, around 10%-15%, and although the Turkish property market is still emerging, it is rapidly catching up with other areas and can offer investors who buy now excellent future potential. It is anticipated it will become a full member of the EU by 2015 and this will further impact on prices, which are expected to double.

• Prices are equivalent to Spain in the mid-80’s
• Cost of living is between 1/5 & 1/3 of the UK
• Turkey is a real un-spoilt alternative to over-crowded European destinations
• Summer season lasts from March to November
• Turkish people are very hospitable and friendly
• Ranked 3rd in the top 20 list of best places to buy by Amanda Lamb in C4’s Place in the Sun, 2005
• Has one of the fastest growing economies, making it a sound investment choice
• The climate and long summer make it idea to rent property out all year round
• Very low property tax and buying costs
• Turkey has something for everyone, 8,000km (5,000 miles) of coastline and a rich cultural history

The Western Mediterranean area of Turkey – Dalaman, Fethiye, Oludeniz & Gocek

The resorts of Dalaman, Fethiye, Gocek and Oludeniz lie in the Mugla region of Turkey’s Western Mediterranean, this area is served by Dalaman airport, which has been extended and improved with a new terminal. There are plenty of flights all year around to Dalaman from UK airports, including regional ones.

The Dalaman area is still very up and coming and so has enormous future potential, there will be a new marina and several golf courses throughout the entire area making it an excellent place for investors to buy over the next few years. There are 2 famous sandy beaches in the area; Sarigerme beach, a good all round family beach, and the protected Iztuzu “Turtle Beach” at Dalyan where rare Caretta Carreta turtles lay their eggs. Dalyan is also famous for the ancient city of Caunos, carved into the cliffs around 3000 BC.

The area has plenty to do apart from relax on the beach, there are healing thermal spa waters and mud baths, for the more adventurous there is ski-ing at Seki about a 1 hour drive inland, the Dalaman Stream offers white water rafting excursions, or you have slightly less exhilarating pastimes of cycling, walking and horse riding. For nature lovers this area has a wealth of water and bird wildlife, including cranes, kingfishers and if you watch the skies and the tops of trees and tall buildings carefully, you will even see the native storks who migrate and nest here. The towns of Dalyan and Dalaman have plenty of shops, bars, restaurants and facilities of all kinds, and make excellent bases from which to explore the Mugla region.

Fethiye itself is a harbour town, once just a small fishing village,with a promenade and marina, Calis is a short way further along the bay and here you find the beaches of the Fethiye area. Fethiye has a wealth of attractions particularly its bazaar district with its labyrinth of shady streets, many interesting shops, bars and restaurants and really comes alive in the evening. Sailing is popular here, and you can take a boat trip around the 12 islands scattered around the bay or charter a gullet with crew to explore further afield.

Calis is the more laid back beach resort area you can reach Fethiye easily by a stroll along the bay, a local bus the “Dolmus” a small and very social form of transport, or you can take the water taxi into town. Famous for stunning sunsets which are best enjoyed from one of the local sea front restaurants offering the local fresh fish and produce.

Gocek is ideally situated just 20 km from Dalaman airport and 25 km from Fethiye. Gocek is the main centre for yacht tourism in the Mugla area with 4 marinas it is already one of the most exclusive marine locations. As you would expect the location is up-market and the shops, boutiques, bars, restaurants and marine side cafes all reflect this. It is an amazing setting, a lovely bay surrounded by mountains of lush vegetation a perfect place to stroll along the promenade or take a Gullet cruise out into the sea or around the islands around the bay.

Oludeniz is famous for the “Blue Lagoon” or Blue Paradise, a breathtakingly beautiful beach and clear turquoise lagoon which is a popular anchorage for the visiting yachts, the most photographed beach in Turkey. The resort town itself has many hotels, bars, restaurants as well as shops and other facilities, it a well established holiday location. Building is strictly controlled here and all new residential property is located outside the town in the Ovacek area elevated in the hills behind Oludeniz. The town is overlooked by the pine clad Babadag Mountain, where you can enjoy the view birds eye view whilst paragliding down to the beach and lagoon. Close by is the deserted mountain top village of Kayakoy, once inhabited by Anatolian Greeks until 1922, when they all, left hence Karakoy earned the name of “Ghost Village”

Important information and the buying process

Frequently asked questions

Q. Are there any restrictions for foreigners purchasing in Turkey?
A. Only when property is located in rural areas and military zones. None of the developments we offer are in rural or military zones, so there should not be any restrictions.

Q. Will the property be freehold?
A. Although there is not direct equivalent of freehold in Turkey, all the property we sell will allow full and unrestricted ownership rights.

Q. Are mortgages easily available?
A. Mortgages were not available in Turkey until recently. A new Mortgage Law will come to effect on 1 January 2008, this will allow for long term mortgages with Turkish banks for the first time.

Q. What documents are required and I understand I need to have a military check to gain permission to buy?
A. You need your passport which will be then copied and translated into Turkish. The Notary then works with the title deeds office and the Military, who check there is no record of criminal intent or activity against Turkey.

Q. Once I have received the necessary permission to purchase, what happens next?
A. The lawyer will carry out pre-completion checks, a deed of transfer at the Land Registry is signed and you are recorded as the official owner on the Tapu (the title deed). The property tax is paid.

Q. What additional costs are there in relation to the purchase?
A. There is stamp duty, legal fees and purchase tax. Purchase tax in Turkey is one of the lowest at just 3%, and often you only pay 1.5% as the seller pays the other half.

Q. Are there many English speaking lawyers in Turkey?
A. Yes and you will be introduced to them on your viewing trip if appropriate. There are also UK based lawyers who specialise in Turkish property law.

Q. What about furnishing my property?
A. Our developer offers furniture packs and even has a beautifully stocked showroom for you to visit during your trip and select your furniture, you should allow from £5,000 to £10,000 to completely furnish and equip your home depending upon size.

Q. What about management while I’m in the UK or if I want to rent out my property?
A. Our developer offers a full management service, they have a dedicated office and staff who will arrange everything from airport pick-ups for you or your guests to cleaning, maintenance and renting out your property on your behalf.

Q. How safe is Turkey?
A. Turkey is a very safe country with a low crime rate.

Q. What about healthcare, standards and costs?
A. Turkey has no equivalent to NHS hospitals or medical services. It does have both Government and privately-owned hospitals though. Private hospitals are usually much cheaper (about 35%-40%) than other parts of Europe, services are good. Private health insurance can be purchased and is much cheaper than the UK.

Q. What about my dog/cat, can I take them to Turkey with me?
A. Yes you can obtain a pet passport and vets documents, contact The Pets Travel Scheme on 08702 411710

Q. What is the government/legal system?
A. It is a democratically elected government, the legal system is based upon civil law. Turkey is one of 5 permanent member of NATO.

Q. Can I work in Turkey?
A. Yes, you need to apply for a work permit and visa in advance and then register with the police near where you plan to live for a residence permit.

The Buying Process

Once the property is selected the buying process works as follows:

• The reservation fee is paid to take the property off the market and fix the price
• Contract is drawn up
• Buyer registers with local tax office and may visit notary to arrange Power of Attorney (for signing necessary documents in their absence unless client returning to do this themselves)
• The deposit is paid around 4 weeks (usually around 30%)
• Military checks will be carried out on the purchaser/s (these can take several months) this is a usual formality in Turkey
• Completion takes place when property is ready and Title Deeds (Tapu) processed
• Final payment and taxes paid
Our Turkish properties are normally purchased in £ Sterling. The official currency is Turkish Lira YTL, this is taken in shops, restaurants and anywhere you might use cash. The Euro is also accepted in some places in Turkey, they also take the UK pound and US dollar

Normal Payment Terms
These can vary depending upon the arrangement between the client and the builder, but they are normally as follows:
• Reservation Fee: £2,000
• Deposit within 4 week: 30% of the net price cash
• Balance on completion: 70% of the net price cash (or by mortgage)
• Completion: Taxes and other costs

Inspection Trips

Q. I have my finances in order and would like to take the next step to view these developments what is the best way to do this and get a feel for the area at the same time?
A. We can arrange an inspection trip to the Dalaman ***area of Turkey for a 3-4 day visit.

The cost of an inspection trip is just £99 per person (maximum of 2 people at this price per booking) and includes the following:

• Return flights from any UK airport**, subject to availability.
• Hotel accommodation in a minimum 3* hotel on a B&B basis.
• Airport transfer in Turkey.
• Professional consultant and guide, a tailored visit to suit your requirements and budget.
• We show you areas of interest, the projects and an overview of what life in Turkey is like.
• Information about investments, capital growth, rentals and management.

** You can fly from a number of UK airports to Dalaman with Thomson, Airtours, Thomas Cook and First choice ; Belfast, Birmingham, Bristol, Glasgow, Gatwick, Luton, Stansted, Manchester, East Midlands. Additionally there are also charter flights with Excel Airways from Cardiff, Humberside and Newcastle.

***On entering Turkey everyone has to purchase a £10 three-month visa. Should you enter the country again within the three month period, you can use the same visa.

To arrange a visit please call 01489 482282 or contact us via our contact page