Property For Sale in Altinkum - Turkey

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Property For Sale, Property, Properties, Residential Property, Resale Properties

altinkum
Absolute ltd
Absolute homes ltd
PURCHASE PROCESS

Once you decide to buy a property in Altinkum, a contract will be drawn up between the buyer & the seller to ensure the legal requirements are met to protect the buyer. . investment in Altinkum

When you have thoroughly read and accepted the contract and

understand the costs, you will pay a 10% deposit. Two copise of the contract are then dispensed to the parties involved. Once the contract is signed the property is considered sold and it protects the buyer being gazumped by any other higher bidder.

We set an appointment for you with the notary office to start the legal proceedings. We will provide you with the details of their bank account, including the swift code, thus enabling you to easily transfer the remainder of the purchase price for the property. We will then be able to pay all of the taxes and costs necessary for transferring the property title deed to your name. This legal procedure is required by law to be translated at the notary office by an English translator under oath at the time of official signing. We strongly advise you to use a lawyer.

When the Ministry of Defense completes its part of the legal process , we will be notified and prepare for the final step.

We will contact you to transfer the outstanding balance to our bank account along with expenses that cover the buyer tax and settling fees,

and the water and electricity connections will be transferred at this time. Once we receive the title deeds in your name,

you are then able to collect the deeds directly from us. Then we buy you a drink to celebrate your wise and lovely new home,

and the friendship which has no end begins !!!

Property Purchase Process

Nowadays, the UK citizens have been seeking other alternative overseas destinations. If you, as a UK citizen, prefer buying a property at a very reasonable price which you can use yourself for regular holidays and that you can also rent out to get some income in a country where the summer is nice and long, stretching from March to November, and there are many tourism attractions, then Turkey is the most appropriate destination for you. Turkey , where the two continents - Europe and Asia- meet, is a wonderful country which is surrounded by Agean, Black, Mediterranean and Marmara seas, has very nice coastal locations, whose land had been the cradle of the oldest civilisations and religions. Furthermore, life in Turkey is easy and Turkey is one of the few OECD countries with the cheapest prices. People in Turkey are warm and hospitable to all foreigners

At present we are building property in  Altinkum and Akbuk and may soon expand into other coastal regions in the Turkish Aegean area.

The Turkish Property market has grown at a considerable pace and our Turkish properties offer capital growth opportunities and our complexes offer great holiday accommodation for potential lettings revenue.  We have English and Turkish staff ready to help you with all aspects regarding purchasing and letting of your property and general information about Altinkum and Akbuk.  We can also advise on Turkish culture, Turkish Food and Turkish climate, Turkish mortgages, Turkish Land and property investments. We offer clients an opportunity to come and see the resort of Altinkum and all our new developments and complexes to determine exact requirements. There is no cost for the inspection trip. We will pay for your accommodation including breakfast and provide free transfer to and from the airport in Turkey. We are also offering you the customer a full refund of up to £250 each on your flight tickets,  (max 2 persons per inspection trip). This offer applies only  if you purchase a new property from  ABSOLUTE HOMES LTD

REQUIREMENTS NEEDED FOR THIS PROCEEDURE- Purcahse Process

1. Copies of the passports of the buyers.

2. Your and your parents' full names.

3. Your contact numbers and full addresses.

4. Two passport size photos for each person to be named on the title deed.

5. A maximum of £110 to cover the notary office costs (£50 for the translator, and £60 for the notary official).

6. For Lawyer £200

7. For electrick and water connaction £300

8. Goverment tax 1,5% of the property purchase price

Once the sale and purchase conditions are agreed with the owner or with his/her agent, you are advised to ask for a copy of the TAPU (Title Deeds) and double check whether: The TAPU really belongs to the property you are interested in It is a residential or commercial property in a zone covered by an Implementary Development Plan or a Local Development Plan (If not, please note that the new Title Deeds law does not allow you to buy it, please give up buying it) The property really belongs to the person who introduced himself to you as the ‘owner’ (Compare the ID card of the person to the TAPU of the property) A joint ownership is in question (if so, whether all of the shareholders comply with the sale) No annotation prohibiting the sale/purchase of the property appears on the TAPU (Unless the prerequisites envisaged by the annotation are met, the sale is impossible). The Implementary Development Plan (Imar Plani) or the Local Development Plan allows you to erect a building on the land (if a land is in question and you want to construct a building on it), The building complies with all regulations such as earthquake-proof standards (if you are about to buy a flat or house, you should check all licenses and official permits for the property had been properly obtained), The current owner(s) owes no over-due taxes to the Tax Office, The current owner(s) owes no over-due debts to the utility companies, The agent you are using, if any, works for a registered company, The solicitor you are using, if any, is an authorised solicitor, A binding contract with a tenant using the property is in question. Moreover, in order to save time and not to be in a hurry later, you should; Register with a local tax office and then open a bank account, Make necessary contacts with the relevant professionals such as a good solicitor, a Sworn-Translator, an independent accountant or an agent. Forbidden zones and size limitation Written by Administrator Foreign nationals and foreign commercial companies are not allowed to buy property in the military, strategic and security zones of Turkey. In addition, the Council of Ministers is authorised to determine specific zones to be preserved such as lands which are strategically very important in terms of energy, agriculture, mining, history, cultural values, biological flora, and national security. Thus, foreign nationals and foreign commercial companies will not be able to buy property in those specially preserved zones. In other words, TAPU offices are supposed to check whether a property that is being purchased by a foreign national is within one of those forbidden zones or not. Upon your application, the local TAPU office will do a search on behalf of you whether the asset is in a forbidden zone or not. If the information provided by military authorities confirms that the real estate is outside the military and security zones, then your application is automatically accepted. Please also note that military clearance may take a considerable time and it may be worth checking at what stage the procedure is. Thus, you are advised to gather the contact information of the TAPU office you are using so that you can call the authorities later. In case the total area of all lands you will own in Turkey cannot exceed 2.5-hectares (25,000 m2) then the Council of Ministers’ approval is needed. (Please note that the Law allows the Council of Ministers to increase this threshold to 30 hectares). The maximum size of all lands owned by foreign real persons in a province shall be capped by the Council of Ministers and this cap cannot be more than 0.5% of the total area of the whole province. Having the draft contract translated Written by Administrator Before signing the contract, you ought to have it translated into English. In other words, you are advised to have both English and Turkish versions of the contract. You are strongly advised to use a Sworn-Translator if you do not use an English-speaking solicitor. Sworn-translators’ fees are quite appropriate. Please note that relying on only an oral-translation may lead to unwanted situations in the future. Instead of preparing two separate contracts in Turkish and English, having a bi-lingual contract may be of great use. How are FDI and foreign companies treated by TAPU Offices? Written by Administrator FDI Companies Companies may freely acquire real estate or limited rights in rem through a legal entity established or participated in Turkey by foreign investors provided that such acquisitions are permitted for Turkish citizens Foreign Companies Foreign real persons and trading companies having legal personality established in foreign countries according to the laws of these countries can acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. In implementation of reciprocity principle, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to trading companies established in foreign countries according to the laws of these countries, are also given to the citizens and trading companies of the Republic of Turkey. The real property purchase application of such company to local Land Registry Offices is forwarded to General Directorate of TAPU (The Land Registry and Cadastre Office) for reciprocity control. General Directorate double checks the application from the Ministry of Foreign Affairs as the existence of reciprocity between our country and a foreign country in terms of trading companies, is determined by Ministry of Foreign Affairs.

After the reciprocity confirmation of aforementioned Ministry and response of the military post stating the subject real estate is out of military forbidden zones and security zones the company then becomes eligible for buying the property. Trading companies having legal personality established in foreign countries according to the laws of these countries have to submit an officially stamped authorization document during the registration. Foreign commercial companies which are legal entities can buy property provided that they operate pursuant to the special laws such as the Tourism Encouragement Law, the Oil/Petroleum Law, the Industrial Zones Law, etc. In addition, foreign legal entities other than the above mentioned commercial companies, such as foreign charities, foreign foundations and foreign societies, etc. cannot buy property in Turkey. Issuance of a new TAPU by the Office Written by Administrator Finally, after military clearance has been finished, you are given an official ownership document called the Title Deeds (TAPU), which is explained in Section (V). Without having a TAPU, you are never considered to legally own the property even if you signed a legally acceptable purchase contract with seller. You are advised to make the payments net of the deposit (plus interim payments, if any) to the seller at his stage.

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Step 3. Property Purchase Process

Step 2. Property Purchase Process

Step 1. Property Purchase Process

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Once you decide to buy a property in Altinkum, a contract will be drawn up between the buyer & the seller to ensure the legal requirements are met to protect the buyer. .              PURCHASE PROCESS IN TURKEY
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