Here’s our top tips on how to sell your property in Turkey
- Get paperwork in order. Before attempting to sell your villa or apartment in Turkey make sure you have all the legal paperwork in order.
- Be price realistic.
- Fix any jobs necessary.
- Clear the clutter.
- Take great photos.
- Establish unique selling points.
- Use a good agent.
Is it easy to sell property in Turkey?
The process of selling a property in Turkey is much more straightforward than the process of buying a property in Turkey. So much so that most Turks would simply choose an estate agent and then, with the agent, look after the rest themselves.
Is there property tax in Turkey?
Real estate tax is a municipal tax levied on the value of Turkish real property (land and buildings). Residential premises and land are taxed at 0.1% of their value. The tax rate is 0.1% for land in general, 0.2% for buildings, and 0.3% for building sites or vacant land allocated for construction purposes.
Do you pay capital gains tax in Turkey?
The capital gain on a sale of assets is subject to 20% corporate income tax. Capital gains are based on the difference between the net book value of the assets in the balance sheet and the sale price. There is VAT of 18% on the sale price.
How long does it take to get residency in Turkey?
To be a tax resident in Turkey, an individual must have their legal residency in Turkey or stay at least 6 months per year in the country. Persons who stay more than 6 months due to a temporary assignment, may be considered as non-residents.
How long does it take to buy a house in Turkey?
How long does the buying process take? The buying process usually takes up to eight to 12 weeks, however since legal changes introduced in 2013, this period can be dramatically reduced. Once the deeds including Iskan are ready for issue, sellers accept the balance of the asking payment.
Is it a good idea to buy a house in Turkey?
Yes, property in Turkey can make an exceptionally good investment purchase – however, not all property in Turkey is good value – and this is where you need to start.
How do you sell a house in Turkey?
Do you have to pay stamp duty when selling property in Turkey?
Not to be confused with the 2.2% stamp duty that the buyer and seller must equally pay when a property in Turkey is sold, capital gains tax on the sale of your Turkish property is something entirely different.
How long has property Turkey been in business?
Since 2001, Property Turkey has helped clients from all over the world buy Turkish properties in all regions of Turkey.
Do you have to pay capital gains tax when you sell a property in Turkey?
In some cases yes. If you are intending on selling your property in Turkey within five years of purchasing it, you are liable to pay capital gains tax in Turkey.
