Buying
BEFORE BUYING
Browse through our website and look at a few properties that are within
your budget and to your liking. Decide whether a good location or a good view is
more important. Also, decide if you want an apartment, a semi-detached or a
detached villa. All of our properties come with a pool, so decide if you
want a private pool or if you'd be happy with a communal pool.
Then, fill in our Enquiry Form and request for
one of our representatives to contact you for more information. Meanwhile, plan
a 3-4 day visit to be our guest so you can view the properties in person, and
get a glimpse of what Bodrum has to offer if you already haven't been.
When you decide on the property you want to
purchase, you're required to pay a reservation deposit of £2,000/€3,000, in order to
take the property off the market. So come prepared! We accept cash, major credit
cards and bank transfers.
WHILE BUYING
Retain a solicitor (avukat) who should carry out the title, deed (tapu)
checks and other surveys. You would have to sign a Power of
Attorney in order for your solicitor to conclude the necessary paperwork. We can
gladly refer you to a few reputable solicitors in town who specialize in such
legal work and of course who can speak fluent English.
Next, A contract will be drawn up between the
you and Homes Bodrum. This will give details of the property, completion date, payment schedule
and terms and conditions. When this is signed by all parties, the first payment is
usually paid at this time. *Payment schedules are usually flexible but it of
course depends on the development stage of the property. Payments are usually
25/25/25/25 or 30/30/30/10 spread over a 6 month to 2 year time frame. On
completed properties 100% maybe required.
You
then apply for a security clearance from the military office to allow you to own
a property in Turkey. This is mainly just a procedure to ensure the property you
are purchasing does not fall in a military restricted area. Some parts of Turkey
cannot be purchased by foreigners. However, all of our properties are within a
permitted zone. Your solicitor should also be able to help you with this
application. After
you have received the necessary permission to purchase,
your lawyer should carry out pre-completion checks. Following
this, you (or your Power of Attorney) will sign a deed of transfer in front of
an officer at the Notary office or the Land Registry, who then records you as
the official owner of the property. The property tax is paid at this stage.
Turkey Facts
| Population |
70,413,958 (July 2006 est.) |
| Area (km2) |
total: 780,580 sq km
land: 770,760 sq km
water: 9,820 sq km |
| Coastline |
7,200 km |
| Climate |
temperate; hot, dry summers with mild,
wet winters; harsher in interior |
| Capital |
Ankara |
| Language |
Turkish |
| Currency |
New Lira (YTL) |
| Exchange Rate |
£1=2.76 €1=1.87 (check
current rate) |
| GDP Per Capita |
$8,200 |
| GDP Growth |
5.6% |
| Inflation Rate |
8.2% (2005 est.) |
| Dialing Code |
+90 |
| Emergency |
112 |
| Visa Required |
Yes, available at point of entry, 3 months |
| High Season |
Jul-Aug |