Land and property prices have risen in the last two years and demand for property is on the increase. Turkey are currently preparing new laws and regulations in order to join the European Union. When this happens, prices will rise even more. 

Turkish tourism is growing, not surprising when you realise what Turkey has to offer:

            - Breathtaking scenery

            - Glorious sandy beaches with shallow waters

            - Hidden coves

            - English is widely spoken by friendly residents

            - Glorious weather

How to purchase

At Blenham Investments we will guide you through the process of purchasing your home in Turkey. We have a professional team at your service, including an English speaking Lawyer and Interpreter. This will enable you to follow and understand the legal process of buying your own property.

When you buy a property in Turkey you should only buy through a licensed Estate Agency.

It is in your interest to ensure a lawyer oversees the purchase of your property and at Blenham Investments we only operate in conjunction with a lawyer.

When you have found the property of your dreams this is the procedure we will follow:

            - You will meet with the property owner and solicitor where a price for the house will be agreed by both parties.

            - An agreement contract will be prepared which will be translated by our interpreter for you.

            - You will keep a copy of the contract and put down a deposit, the property owner will sign a bankers draft.

            - Overseas buyers need permission from the Aegean Army and this can take up to two months to complete. This search is about the property not the buyer. 

            - The solicitor follows the house purchase and, when complete, we will contact you in order to sign the title deeds (the solicitor can sign on your behalf if you cannot be in Turkey yourself).

All procedures are overseen by us and we will keep you up to date with every step.

Why buy in Turkey?

Property prices are still relatively low, but will increase once Turkey joins the European Union. This makes buying a Turkish property a sound investment.

You can buy so much more for your money than you could in Europe. The market therefore is open to everyone.

It is the perfect place for a home. Areas like Altinkum have 8 months guaranteed sunshine and mild winter days and lovely sandy beaches.

The cost of living is very low in Turkey compared to Europe.

Average Flight cost

During the Summer season (May - October) approx. £120 per person

Airport(s)

Bodrum airport - approx. 1 hour 15 minute drive to Altinkum

Izmir airport - approx. 1 hour 30/45 minute drive to Altinkum

Hotel Cost & are you getting any deals from hotels?

If clients are coming over for a property inspection trip we will carry out a return airport transfer from the airport (free of charge) to their accommodation.  The accommodation we provide will consist of 2 bedrooms, 1 bathroom, lounge and kitchen.  The apartment cost will be £120 for a week (for up to 5 people).  If they purchase a property through us we will refund the accommodation cost.

Solicitors fees:

Approx. £150 - £200

Government taxes:

For a property between £40k- £50k it would be approx £1,400. This covers Solicitor, Translator, Stamp Duty, Water and Electric registration, Council documentation, Area Map fee (Aegean Army land check) and Property Registration etc.

Number of client’s expected visit before completing:

Maximum 1 visit

Expected return on property(ies):

N/A

Expected market growth:

Over the last 3 years it has been approx. 25%

Buy-To-Let: Expected rental income & Letting agencies fees:

Clients manage the rentals of their own properties. 

Closing/Selling costs: 

Solicitors fees:

Approx. £150 - £200

Government taxes:

Council tax for a 2 bedroom apartment approx. £100 per year.

Capital Gain Taxes:

If the client only has 1 property and sells, there is no cost