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Attention!!!! Important!!! |
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The video clips of Jpmhomes real-estates are avalaible here now!!!!!!! |
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We are only a call away from you |
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Jpm's advisors can visit you in your town or in your house whenever you need,no matter how far you are in Ireland you allways feel free to contact to them,don't feel you have to buy. |
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Holiday & Investment Properties |
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Click onto new projects and see our Belek project |
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Property Letting |
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Let your property earn an extra income for you every month |
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JPM Price list Updating |
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You can get our new price list mailing to info@jpmhomes.com |
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For Best Investment |
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It's best time to invest in Alanya and its region |
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Property Investment |
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Q: |
Why should I buy a property in Turkey?
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A: |
For more than a decade Turkey has been a popular destination for holidaymakers from all over the world. Its beautiful beaches, stunning scenery and wonderful climate all contribute to its popularity. Many visitors return time and again to enjoy the renowned hospitality of the Turkish people; to shop at the colorful bazaars and to explore the many places of interest. Alanya is a large resort situated on the Mediterranean south coast of Turkey, which is known as the Turkish Riviera. Alanya has something to offer everyone from the many water sports to historical sites; shopping to go-carting; quiet friendly bars to lively nightclubs: the list is endless. But over recent years many of its visitors have begun to see Alanya not just as a holiday destination; but also as an investment opportunity. Property sales have risen sharply as visitors, not content to come for a holiday, decide to invest in property at a fraction of the cost of property in their native countries. Some investors use their properties as summer/holiday homes; some have chosen to retire in the sun. With the mild climate and low cost of living, Turkey has proved itself to be an ideal option to the harsh European winters. In other Mediterranean countries, such as Greece & Spain, property prices have increased 10 fold over the last 15 years. With the prospect of Turkey’s membership of the EU; property prices are set to do the same. All investors have the same intention; to make a good investment for the future. Interest rates for investors in European banks are low. With a property investment you can enjoy your investment now not just in the future. |
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Q: |
What is the expected increase?
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A: |
The minimum increase is at least 16% a year. This percentage is based on resale executed by investors/owners. Taking into account the relatively low prices at this moment, investing in properties in Turkey offers good perspectives. |
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How do I resell my property?
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You just need to inform us. Our representatives will examine your property and carry out all the necessary procedures. |
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Am I allowed to let my property?
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Yes, you may let your property. However, you should take into account the fact that rental will be officially taxed in Turkey. Our representatives are more than pleased to help you when letting your property. |
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Sales Process |
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Q: |
What are the fiscal consequences of owning a property in Turkey?
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If you are taxable in the UK or in Ireland you are obliged to declare the value of the residence in Turkey to the British or Irish tax authorities.
In Turkey you neither pay property tax for the value of the residence nor tax on the profit when selling the residence.
In Turkey you do pay conveyancing tax when buying and selling your residence. This amounts to 3% of the value as mentioned on the certificate of ownership. |
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How do I pay for the property?
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New Projects
An initial deposit of 25% of the purchase price is required to confirm the sale. After 3 months in order to acquire the Deeds to the property the purchaser must pay a further 60%. On completion of the transaction the purchaser must pay the remaining 15% of the purchase price outstanding.Completed Projects / Resale Properties
An initial deposit of 25% of the purchase price is required to confirm the sale. The remaining 75% of the purchase price is payable on acquisition of the Deeds. |
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Should I open a bank account in Turkey?
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When purchasing a property you do not need to open an account immediately, however at a later date you will be required to have a bank account in Turkey to obtain the TAPU (the deeds). Our representatives will be pleased to help you to open a bank account at a local bank. |
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How are the viewing trips organized?
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Viewing trips are solely for potential buyers. Details of our viewing trips can be obtained from your local representative. Tickets are non-transferable. Once payment for the trips has been made, we are unable to accept any cancellation request. |
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Which local taxes should be paid when buying a property?
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Conveyance tax:
3% of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between 200-500 Euro). Fee for certified translator at the Tapu Office:
50 Euro (A certified translator is required by law to translate the document to the foreign national). Fee for certified translator at Public Notary:
30 Euro. Registration Fee at the Tapu Office:
25 Euro. Giving Power of Attorney:
Approx. 100 Euro Signing “promise to buy and sell contract” at Public Notary Office:
Starting from 350 Euro, approx. 1.2 % of the value of the property. Obtaining “Completion Report” (Newly built properties only):
Starting from 350 Euro, depending on the size and the location. |
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What are the annual expenses?
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Property tax:
0,1% of the property value declared by the local municipality (to be paid before the end of May each year).
Public Cleansing duties Waste/rubbish tax amounts to € 12,-. Electricity
New connection of electricity meter: Approx. 100 Euro (once only)
Name transfer of an existing connection: Approx. 30 Euro (once only)
Energy cost per kwh: Approx. 0,10 Euro Water
New connection of water meter: Approx. 60 Euro (once only)
Name transfer of an existing connection: Approx. 30 Euro (once only)
Water cost per m3: Approx. 0,75 Euro Land Line
You can only get a land line telephone registered if you have residence permit Telephone connection: Approx. 4 Euro (once only)
Cost per unit: Approx. 0.036 Euro
Monthly rental: Approx. 3.66 Euro
Unit period (province): 60 Seconds |
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Legal Issues |
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Q: |
As a foreigner am I allowed to buy a property in Turkey?
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As a citizen of any EU member country (including Norway), you have the right to acquire ownership in Turkey. However there are a number of restrictions that require a formal request for a permit. This procedure is a mere formality which may last from 4 to 8 weeks after which the certificate of ownership may be transferred to the buyer's name. |
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Do I need a visa to stay in Turkey?
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A tourist visa is sufficient for a stay of less than three consecutive months. This visa is obtained at the border for €15 per person. This means that you may travel in and out of Turkey for three months without buying a new visa. |
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Am I allowed a permanent residence in Turkey?
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You will need to renew your visa before the 3 month expiry date. You don’t need to return your own country! You can obtain a new visa by taking a day trip to either one of the Greek Islands or Cyprus. You may contact us for more information. |
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Alanya |
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Q: |
How healthcare is organized in Alanya?
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Alanya has a number of excellent private clinics & hospitals. Our representatives will be happy to help you if the need arises. We can also help with the arrangement of medical insurance. |
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What is the climate like?
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Alanya is one of the warmest places in Turkey. It has a sub-tropical climate which with mild winter temperature of around 15° C. In summer temperatures can rise to over 30° C, July and August are the warmest months. |
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Are there any earthquakes in Alanya?
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There are no existing lines of fracture in this area and thus earthquakes are non-existent. All building construction must comply with strict government rules and regulations. Moreover there is compulsory insurance for earthquake damage. |
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How transport is organized?
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Alanya has an excellent transport service. The buses are very frequent, cheap and provide a good service within Alanya and to the surrounding areas. There is also a good network of Taxis charging very reasonable rates. |
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Q: |
What is travel time to Alanya?
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From Antalya airport,130km to Alanya, 1.5 hours drive. Flight durations to Antalya airport:
UK : 4.0 hours
Ireland : 4.0 hours
Holland : 4.5 hours
Germany : 4.0 hours
Denmark : 4.0 hours
Sweden : 4.5 hours
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