14 Reasons for property investment in Turkey! And we could list even more!

• The mild climate with more than 300 days of sunshine.
• The beautiful landscape of the Turkish Riviera.
• Valuable investments as the prices are increasing every year. Turkey is like Spain was 20 years ago, and an entry into E.U will see prices rise even more.
• The low cost of living, which is much lower than most other European Countries.
• The property could provide you with an additional income. As a European you can purchase with complete safety, as the conveyance is easy and uncomplicated
• Low crime rate
• Modern infrastructure
• Archaeological monuments, attractive sightseeing spots and historic places are some of the appealing features of Turkey.
• Turkey is rated as the third best cuisine in the world!
• Fresh fruits and vegetables all the year round
• Rather inexpensive and accessible high-quality health services
• Many speaks English, German and French
• Charming villages and towns with warm and hospitable people
• Attractive beaches, exciting outdoor and entertainment activities, winter sports (in land during the winter months), skiing, water sports, mountain sports,

The buying procedure

  A villa or a smaller apartment?  Once you have made your choice we can assist you throughout the whole procedure – from writing the preliminary purchase agreement to assisting you in furnishing your new home and with after-sales service. Our objective is to make your stay as pleasant as possible.

  The legal process can be described briefly in the following steps:

  The buyer gives us a Power of Attorney authorising us to carry out all the formalities necessary for the purchase. In general this power of attorney includes the rights to buy and register the property in the name of the buyer, to obtain a completion report on the property, to register water and electricity, to pay taxes, insurances etc. The Power of Attorney is made at the Notary office in presence of the buyer and an authorised translator.

  The preliminary purchase contract, regulating the price, down payment and when the final payment is to be done, is usually signed by the buyer and seller at the Notary office, in presence of a sworn translator. It's a contract that basically works as a purchase contract, a commitment from buyer and seller, where the buyer only pays a down payment, usually 10% of the property price.  This contract can also be drawn up by a solicitor.

  An application for the title deed, Tapu, is made at the regional Tapu office and all the documents are sent to the Military Authorities in Izmir who makes the control that the property is not located in a military zone.

  After 2-3 months the transfer of the Title Deed is made at the Tapu office, either with the presence of the buyer or its legal representative.

  For the purchase procedure it is required that the following documents are presented:

• 2 photocopies of your passport,
• 4 passport photos (recent)
• A birth certificate stating your father’s name.
• Tax number in Turkey (we’ll assist you with these formalities)

Costs

Please observe that below costs are indicative and common costs might be added. Communal costs might for example be costs for housekeeper etc.

Warranties when buying a property

Today’s construction codes in Turkey keep the same standards as in Europe. Since the big earthquake in the surroundings of Istanbul the regulations and controls of construction were restricted. Every part in a construction today can be said regulated in law. Daily controls are being made at sight by special inspectors, e.g. that the concrete used is the proper one depending on the part of the building. Although older properties, built before year 2000, are in general well done there might be exceptions.

Warranties that are in general given on new constructions are:

1-5 years warranty

The warranty assures that the building is constructed in accordance with building standards prescribed by the construction code. This warranty is valuable from the date of possession and guarantees that it’s free from any defects occurred by workmanship or materials. This includes that walls, windows, doors, exterior cladding and the foundations are free from water penetration. Should anything occur during this period the construction company will attend to the eventual defects.

Zirve Invest gives you 3 years warranty!

For 15 years
This warranty includes that the building is protected against major construction defects during the first 15 years from the date of possession. Major construction defects means defects occurring from workmanship or material that have or might have an effect on the construction, such as effect on the performance of the load-bearing portion of the home.

Selling your home
If you sell your property during the warrant period the warranty is automatically transferred to the new owner.

Please observe that the construction company is not responsible for any damages or defects caused through wear and tear or any other damage caused by neglecting in maintaining the property.

Properties being built before year 2000 do not have the 15-year warranty.