Turkish Property FAQ’s

Frequently asked questions about buying property in Turkey and living in Turkey

Residency

For those wanting to retire to the sun, you can become a Turkish Resident. This is a simple process and you can apply in the first instance for one year, and then renew after this, all this is done at the local resort police station.

Pensions

Turkey is a pension friendly country, so it is easy to transfer your pension funds into your Turkish bank account for easy access.

Bank Accounts

You can open a bank account, once you have a tax number most banks in the Turkish resorts have English speaking staff. It is best to set up a sterling and a lira account, as of mid September 2012 the savings rate for lira accounts is 8.75% and sterling accounts 2.5%. Most of the banks in Turkey are on the UK guaranteed list.

Mortgages

Turkey has tightened up on mortgages over the last year not wanting to get into the economic position as much of Europe currently you can obtain 50% LTV, over a maximum ten year period, rates slightly higher than those in the UK.

Paying Bills

You can pay electric bills in Turkey by direct debit through your Turkish bank account, new water meters are on a pay as you go basis, and the cards can be topped up in the town hall or many of the larger supermarket.

Renting

Renting your apartment is easy, new for 2013, we have a rental section of our website, with also a presence on several prominent lettings sites let us help make this an easy job for you.

After Sales

We have an after sale department, were you can use us for as little or as much as you need. Property management, Airport Transfers, Cleaning and Laundry Services, we are always around to help.

Legal and Bank Help

We have contacts with all the local banks for help with savings and mortgages. Use our base of English speaking lawyers to help with wills.

Healthcare

As a resident, you will be entitled to the same care as the Turkish. However there are Expat Insurance companies who can help, ask for more details. the government are introducing a new plan for expats exact figures are still unknown but this will be a cheap form of private medical care valid in the top private hospitals in turkey at a fraction of the same type of care in the UK.

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