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How can I be sure that the purchase is legally safe?First, you need to be clear about your budget before looking for a property. This will save you a lot of unnecessary hassle and wasted time. Secondly, do an analysis of the company and agent you are dealing with, this will benefit you later on in the process as reliable and experienced people are required when dealing with investments abroad. Last but not least, before signing, make sure you understand all the clauses of the contract. Never sign a contract in a foreign language you don't understand.
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Can I invest in more than one property?Under a new Turkish law announced in August 2012, it is now possible to invest in more than one property as a foreigner. And also more countries have been added to the list of countries that can buy property in Turkey.
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Buying process?Once the sale and purchase agreement is signed, there are still a few things that need to be decided before the title deed (TAPU in Turkish) can be obtained. HALAL TURKEY will help you with the whole procedure and also satisfy all your needs along with competent and experienced staff.
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Do I need insurance?According to Turkish law, everyone who buys a house in Turkey must have DASK (Doğal Afet Sigortaları Kurumu) - a mandatory earthquake insurance policy. This insurance covers the percentage of damage in the event of an earthquake. It must be ready before the start of the procedure for registration of ownership. DASK is a mandatory earthquake insurance provided by the Turkish government to provide compensation for property damage to homes caused by natural disasters.
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How much is stamp tax?This is 4% of the property value listed at the Tapu office. It is paid in one of the state banks at the time of registration of the property (the amount indicated in the Tapu office is lower than the value of the property)
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Notary fee?The fee for a certified translator at a notary is 50 euros Issue of Power of Attorney: About 175 Euro
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How can I pay my bills?Monthly bills can be paid automatically by opening a Turkish bank account.
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How quickly can I get a title deed?Due to official formalities, it takes about 1-8 weeks before foreign nationals can register ownership in their name. Turkish citizens can get ownership of real estate immediately.
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Inheritance law?If a non-Turkish resident dies with assets in Turkey, their assets may be subject to Turkish law. Real estate in Turkey, such as houses or villas, is subject to Turkish law. In general, 25% is inherited by the spouse and the remaining 75% is inherited by the children, if any.
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What annual fees do I need to pay?Property tax: 0.1% of the value of the property declared by the local municipality (paid by the end of May each year)p> Insurance:This amount is approximately EUR 85-230; depending on your wishes and values in your property. Complex payment: This amount is determined by the size of the complex, infrastructure, wishes and needs of residents.
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What is the aidat / annual fee of the property owner?Aidat is an annual fee that all residents pay. This amount is determined by the manager of the complex, or by the General Meeting of homeowners by voting.
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Can I get a Turkish mortgage on my property?You can get a mortgage in the amount of 60% of the value of the property indicated by the bank. This is a simple and good alternative that we can help you with if you need it. Contact us and we will provide you with a rough financial analysis of short or long term mortgages. Under the Turkish system, the maximum mortgage term is 15 years.
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How can I be sure that my money will be safe?There are many different ways to keep your money safe. • Opening a Turkish bank account to which you can directly transfer the amount. This ensures that the money stays in your name during the entire process. • Opening a closed bank account in Danish banks with which we cooperate. The bank will automatically transfer the money once the title has been transferred to the buyer's name. This solution ensures that the money stays in a neutral location until the title deed is ready. Please note that the rules vary from country to country, so please feel free to contact us so that we can provide you with detailed and correct information based on your specific situation.
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