Yasmin Property with a portfolio of properties for sale in Fethiye, Gocek, Dalaman, Kalkan

“House prices in Turkey have been climbing at a rate of between 20% - 50% per year. Many wise investors have chosen property in Turkey as the best place to invest their money.”

Click HERE to view Property for sale in Turkey

News and FAQ

News

	1st January 2006 - British Airways franchise partner GB Airways is to launch direct scheduled flights to Dalaman in Turkey in May 2006. The airline will operate twice-weekly services, on Mondays and Fridays, from London Gatwick to the south west coast of Turkey from May 1 until the end of October. "It can only be a good thing to have a greater selection of flights, and lower prices as the airlines compete against each other for passengers".
8th January 2006 - The law on ‘purchase of property by foreigners in Turkey’ was enacted and published in the Official Gazette on January 7, 2006. This will enable foreign nationals to purchase property and land in some areas of Turkey and receive the title deeds "Tapu" for that purchase. Foreign persons (individuals) with which there exist legal and de facto reciprocities in relation to property purchase (which includes the UK) can buy residential lands and property not exceeding more than 25,000m2, or 300,000m2 after getting authorisation from the Council of Ministers office. For more information about this topic you can visit: www.turkisheconomy.org.uk
	15th January 2006 - The new Gocek Tunnel project is nearing completion and its opening is anxiously awaited. The tunnel has been constructed to provide a safer and quicker method of road transport, enabling users to by-pass the large mountain it is cut into. Currently a journey from Dalaman to Fethiye takes around 1 hour and 15 minutes, however it is anticipated this time will be vastly reduced whilst the journey is also safer as it means you no longer have to drive the winding mountain road anymore. Although there is no evidence yet to support it, there are talks that the tunnel will cut around 15 - 20 minutes off the current journey from Dalaman to Fethiye.

FAQ

Q: Are there any restrictions for foreigners purchasing in Turkey?

A: Only in rural areas and military zones. The properties we sell have no restrictions on the land that is used.

Q: Are there any guarantees with the properties?

A: All the properties on the Yasmin Property website come with a five year building guarantee.

Q: Are all the properties "Freehold"?

A: All the properties sold by Yasmin Property are classed as "Freehold"

Q: Can I get a good rental income from my Turkish property?

A: Yes. The main tourist season is April to October with very good rental returns. It is also possible to get a good rental income all year.

Q: What is the general buying process in Turkey?

A: There are three stages to the buying procedure in Turkey:

	Stage 1: The construction company will draw up a contract with the buyer detailing the agreed terms and conditions of the purchase. An independent solicitor can be used to check. The buyer then pays a deposit of between £3000 - £5000 depending on the purchase price. The remainding balance is paid at the time of deed transfer.

	Stage 2: The company solicitor then takes the buyer's passport(s) to the Notary for translation. This is necessary for the security and property location checks mentioned above. The translation takes around half an hour, after which the passport(s) will be returned to the buyer. 2 passport sized photographs will also be required.

	Stage 3: Once the application has been approved by the Land Registry Office (which takes 2-3 months for the security and property location checks to be made and approved), the contruction company will sign over the deed of the property to the buyer and the buyer will pay the remainder of the balance due. It is at the point of deed transfer that the purchase tax will be paid.

Q: What are the other costs involved when buying a property in Turkey?

A: Here are some other costs to consider:

- Legal Notary Office : £90 Sterling (approx.)
- Sworn Translator : £20 Sterling (approx.)
- Photographs : £10 Sterling (approx.)
- Purchase Tax : £300 Sterling (approx.)
- Land Registration (including maps) : £450 Sterling (approx.)
- Earthquake Insurance (compulsory) : £35 Sterling (approx.)

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