The price of a property varies from one city to another and from a district to another within the same city , but on average , it is fair to say that you can own a good apartment for 60,000 $. And yes , the installments system is available in Turkey .
Q11 : Can I define my attorney to run the property due to transactions in Turkey ?
Yes , you can by authorizing your attorney in your country , translating the authorization ( sworn translation ) and getting it authenticated by the Turkish Embassy in your country .
Q12 : What are the due expenses other than the property price ?
The owner shall pay the real estate broker 3 % of the property value , and also shall pay the purchase tax , paid for one time , which is 3.9 % of the total value of the property .
Q13 : What about property insurance in Turkey , are the global branches of insurance companies available ?
Yes , they are . Property insurance against earthquakes is available by international branches of known insurance companies .
Q14 : After buying the property , how could I provide it with gas , electricity , water and internet services ? Then how could I pay the bills during my absence ?
You have to go to gas , water , and electricity companies , pay a nominal amount insurance , and register meters respectively on your name . We , in Imtilak real estate may help you through real estate management service .
Q15 : How can I get benefits from the property during the months that I would not be in Turkey ?
You may either rent the property or offer it for real estate investment , and the renter can transfer the monthly payments to you via the bank .
Q16 : If the price of a property rises and I want to sell it , what are the procedures thereof ?
If you wanted to sell your property before five years from the date of purchasing , you have to pay a tax that is about 20 % of the net profits for the Turkish tax department . However , if you wanted to sell it after five years , there are no taxes . Procedures also vary if the property owner is a company , not an individual investor .
Q17 : Is it possible to come to Turkey in my own car and register it in Turkey ?
Yes , but the car entrance shall be through either land border crossings or seaports . That would happen without paying any taxes , on condition that the car leaves Turkey within six months . Otherwise , you have to pay a tax .