The procedure is very simple and understandable. Also, you may have power of attorney to have all processes and transactions be done. We provide all…
Istanbul has a dynamic real estate market. Although, some districts sell faster, with a reasonable price it is not a problem to sell a property.
We provide an appraisal report for your property from a CMB certified firm. You can have a report for a property you already have or for a property you are planning to buy, and don’t forget, the report will not only determine the value but also provide all necessary information about the deed and other issues. You will see a comparison with samples in the area too.
Foreigners can get a mortgage loan in Turkey. We help you get the best loan from a prestigious bank.
Can I Receive Help for Furnishing? We also help you furnish your new place. If you also need an interior designer, we will provide you with one.
Turkish cuisine is probably the world’s largest and the best. Also, there are many restaurants from different countries.
Istanbul’s Health Services are well above the world standards. Many people from other countries come to the city for health treatment. It is a rapidly expanding business.
There are many good schools that offer education in different languages.
Besides many professional sports centers, many housing complexes and residences have their own fitness centers. Also, in many districts, there are walking & jogging areas, near sea, in parks and surrounding forests.
All countries have General Consulates in Istanbul. Also, there a lot of expat organizations in the city.
All of Istanbul’s districts are being developed and population is increasing. There is not a single district with decreasing population. Istanbul’s population doubled in past two…
A constantly growing economy and population are the key factors. Another important factor is becoming a world famous city & attracting multinational companies and foreigners…
Istanbul has a very low crime rate compared to other metropolitan cities of the world. Also Turkish people are very hospitable and helpful when you are in need.
English and some other common languages (German, French) are widely spoken. Many people also speak Italian, Russian, Arabic, etc.
Istanbul is famous with its high level hospitals and schools. You will have all kind of transportation choices as Subway, metro systems, buses, boats, ferryboats, sea buses, tunnels, etc. There are plenty of nice shopping malls, restaurants, theaters, and landscapes. There are two airports, one in European side, one in Asian side.
Istanbul has a humid subtropical climate with all four seasons (winter, spring, summer and fall). You can swim, you can play snowball and watch tree leaves fall and turn green again.
International credit and debit cards are widely accepted in shops and restaurants throughout Turkey. However it is advisable also to carry cash for the smaller shops and cafes, particularly in more rural areas.
The local currency in Turkey is the Turkish Lira (TL) available in the following denominations: Banknotes: 5, 10, 20, 50, 100 & 200 TL, Coins: 5, 10, 25 & 50 kuruş and 1 TL. Cash can usually be exchanged without commission at bureau de changes (döviz), banks and hotels. Exchange rates are published daily in Turkish newspapers and can also be found in web site of Turkish Central Bank at http://www.tcmb.gov.tr (please click “bugün” under “TCMB Döviz Kurları” on the left column).
There are no steadfast rules but it is best to use common sense when deciding what to wear. If staying on a beach resort it is fine to dress as you feel comfortable. For city breaks relaxed clothing is the most suitable with comfortable shoes and casual trousers and/or a dress if you intend to do lots of walking. When visiting mosques you should take off your shoes at the entrance and ladies should cover their hair; often scarves are provided on the way in. Both sexes should dress modestly with no shorts and arms and shoulders covered during visits to mosques.
The major GSM operators in Turkey are Turkcell, Avea and Vodafone. You can use your mobile phone in Turkey if your provider has enabled international roaming. However if you intend to stay for a long time in the country or make several calls, it may be preferable to buy a local prepaid SIM card. Take your mobile phone and passport to a Turkish mobile phone shop where your new SIM will be registered along with your handset’s IMEI number and your personal information. (Unregistered phones will be blocked and unable to receive or make calls) Turkey has very wide mobile coverage networks so you shouldn’t have any problems in the main cities and tourist resorts.
Turkey is one of the safest countries in the world with Interpol ranking it as one of the safest holiday destination in Europe. As is the case when travelling in any country though, do be careful with your personal possessions when out and about and never leave items unattended. You will find the police helpful and friendly and in many of the tourist resorts there are special tourism police who speak different languages.
The main voltage for electricity is 220V and 50Hz. Central European type wall socket (two-pin plugs) is the standard in Turkey.
The Builder/Seller must apply for military permission. This procedure is standard for all foreign purchasers in Turkey. The checks are to ensure that the land on which your property is built is not in a military, strategic or security zone. Once you have clearance, than the title deed transfer process shall start. It is important to note that the military search period may take up to 3 months and in some cases 6 months.
Title Deed Transaction in Istanbul The title deeds (known as “TAPU” in Turkish), will be signed at the Land Registry Office, and then the Buyer should pay all costs and taxes related to the transfer of the title deeds.
Is There a Maximum Debt-to-Income Ratio to Apply? Generally, there is a maximum debt-to-income ratio of 40%.
All countries’ citizens can apply for a mortgage loan in Turkey…
Consumers between the ages of 18 and 65 can apply for a mortgage…
There is a 3-month minimum term and a 240-month (20 years) maximum term for a mortgage loan.
Maximum loan-to-value ratio for EU member countries, Norway and Switzerland citizens is 65% of the appraised value of the property For other countries, the maximum loan-to-value provided is 50%.
Fixed rate mortgages are available in Turkish Lira, Euro, British Sterling and US Dollar.
Adjustable rate mortgages are available in Turkish Lira denominated mortgages only, as a result of the Mortgage Legislation in Turkey.
It is possible to have the mortgage in Turkish Lira for all foreign citizens but in Euro, British Sterling and US Dollar just for non residents.
After deciding on a property, you have to fill out a Mortgage Application Form at a branch, preferably a branch close to your designated property.
You can open an account at a Bank in your own name. All you need to do is get a tax number, and then submit it with a copy of your passport to a Bank branch. If you issued a POA your Solicitor can obtain the tax number and open a bank account on your behalf.
Property values have been progressively increasing. As it is the case all around the globe, the property value defers based on the location and the quality of the construction material, as well as its architectural characteristics. Transportation, economic activities in the region, and availability of necessary services are also factors that determine the value. Having an appraisal report of the interested property by a certified appraisal company will be a smart thing to do. The report will include all kind of information about a property detailing the district and land registry office records…
With the new legislation that just passed in 2012, all Foreign citizens or residents can buy property in Turkey, except citizens of forbidden countries by the Turkish Board of Ministries… Foreigners can buy property and land within a zoned municipal area, which means all cities, towns, the coastal resorts and large areas around them.