Footprints Turkey > Property Turkey - Villas Apartments and Houses
Property Turkey
Turkey has only opened its property market to foreign buyers fairly recently, prices are very reasonable at the moment compared to other European countries and a careful search can turn up many gems at bargain prices. The resorts of Fethiye, Calis, Hisaronu, Ovacik, Kalkan, Marmaris, Dalyan, Kas, Dalaman and Bodrum have become property hotspots over the last few years, prices are steadily increasing each year so investment potential is good, also the quality of building is improving year by year with many very stylish developments built to a high standard, with some companies offering ten year guarantees which was unheard of in Turkey a couple of years ago.
Many estate agents have sprung up in most of the major Turkish resorts. You will also find that every waiter or at least one of his family or friends have a property to sell, please take care as you would at home when considering a purchase. One thing you will also find is that the same property is displayed by many different estate agents and sometimes for different prices. So take your time, do your research and don't be rushed into a purchase you may later regret and you will find what you are looking for.
As with all transactions of this type it is recommended that you engage the services of a Turkish solicitor when entering into a contract to purchase your property.
Estate agents fees in Turkey are a standard 3% which is charged to both buyer and seller; sometimes you may be able to negotiate a small reduction.
Other costs to take into account are legal fees, purchase tax and local taxes these can vary depending on location, all this information should be available from a good local agent
With interest rates at a low and prices increasing this may be the best time to invest in that dream retirement or holiday home in Turkey.
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