Property Buying Guide in Kas

How to buy property in Turkey

The most comman questions by our clients is the how is the buying process running in Turkey. We explain the all buying property  process in Turkey step by step. We list the below. Our tean has a lawer who will help you all your property buying and investment process. Our team will spend time while you seach and notary public.

• Viewing & Reservation Process

Check our property that is listed on our realestatekasturkey.com website, depend on your dreams, budget, needs. Then text us on whatsapp or call or send email. Our team will reply you as quick as. Vista Estate Agent  sales executives will help you buy the best property in Kas Turkey.

• Obtaining a Tax ID

That step is very easy and take short time. After that purcharsing will be completed. First, we help you get  a Turkish Tax ID. (This process is quick. We need your passport, home address, telephone number abroad, and mother and father’s name. Also our law departman will help you.)

• Opening a Bank Account

Now you need a bank local account in your name in Turkey

We only provide transportation and translation for the process. We by no means are given any account information or details.

Your monthly utilities will be deducted from this account via an auto-draft system to make the transition easier to manage. Your rental income will also be deposited into this account should you purchase for investment purposes.

• Legality

We will meet  you with our partner attorneys to discuss the procedure and timeline. While there, the our lawer will explain the steps of the everything. During this time, you will have chance to ask about buying process

• Power of Attorney

The next step is  a Power of Attorney (POA) (1 day). If you dont plan to stay in Turkey during all process, you need give a power of Attorney to our lawer partner.

This POA allows your attorney to represent you for the relevant transactions of purchase and after buying process.

The POA can be set up at notary public offices Turkey and in Turkish embassies worldwide.

• Agreement

We complete the agrement ,you travel home to pay the remaining balance from your local bank via wire transfer.

 

Cost for Buying Property in Kas in Turkey

Stamp Duty is purchase price. This cost is splited between seller and buyer. But as traditionally ,that cost is payed bu buyer all.

VAT (value-added tax, like a sales tax) . It is usually included in the purchase price but is a separate fixed cost

We should to set-up of natural disaster insurance, it is called DASK. We need that insurance because of the  water, electricity, and gas are given to the servicing utility companies, and initial set-up fees are required. This amount is no more.

 

Annual or Monthly Costs for Buying Property in Kas Turkey

How much is Property Tax in Kas Turkey ?

Annual propert cost means “Emlak vergisi” in Turkey. It is paid 2 time in a year to municipalicty of the the property. It can be paid online. The property tax  value is calculated based on nominal value and is calculated by the local council. The nominal value is usually less than the market value. This tax is calculated based on the property’s facilities and the size of square meters.

* If the tax is not paid on time, the owner of the property pays  approximately 2.5 percent of the amount more each month.

Income Tax on Turkish Homes

If you rent your property in Kaş Turkey, you should pay earning tax.

Capital Gain Tax on Turkish Homes

Capital Gain Tax is for paying for an asset’s appreciation during the time you owned it. When you sell your property in 5 years of purchasing, you pay the capital gain tax in Turkey.

This tax amount is calculated depends of your profit after sell your profit. It is calculated between frist bought and last selling price on Land Registry(Tapu Office).