A purchase contract is signed by the buyer and developer detailing build specifications, completion date and payment procedures. On signing of the contract the first installment becomes payable.

An application for security clearance is then submitted to the land registry office as all property purchases by foreigners are subject to military approval.

During construction clients will be regularly updated by Mandalya Property Investments on build progress with photographic evidence provided and will be advised when installments are due.

On completion of the property and the receipt of military clearance, arrangements are then made to have the title deeds (Tapu) transferred into the buyers name. On the date of transfer, the buyer either has to attend to sign for the Tapu or to appoint a Power of Attorney to sign on their behalf. At this stage the final installment plus all fees and taxes relating to the property sale need to be paid. The new Tapu is then issued with the new owner’s details and registered with the government land registry.

Off plan payment stages

35% deposit is paid on signing of the sales contract.
30% becomes due on completion of the shell.
30% on completion of electrics and plumbing.
5% on completion of communal areas and pool.

Communal Maintenance Costs

Communal maintenance charges are £35 - £45 per month and include:

• Maintenance and cleaning of swimming pool
• Maintenance of all communal gardens
• Communal satellite dish antenna
• Site security
  

Approximate Property Fees & Costs

• Military Application £200
• Solicitor's fees : £200
• Purchase tax: 1.5 % of purchase price
• Utility connection: £300
  

Advice about getting a mortgage for a property in turkey contact us