TCH Estate agent information and advice – Relocation to Turkey

TCH Estate agent information and advice

We like to provide our clients and those of you whom maybe interested in the future of either buying a property in Turkiye or selling your property in Turkiye with a little more information on the current situation and what it involves if you are seeking to relocate.

For those interested in buying for main residence purpose

1. Not all areas are suitable for this circumstance the government makes the decision on which towns a new foreigner coming to live and take residence permit in Turkiye. Currently the areas we cover Fethiye, Calis, Ciftlik, Koca Calis, Uzumlu, Gocek, Seydikemer are all suitable for all year round living.  Ovacik and Hisaronu they are not granting any new residency permit that we are aware of to our knowledge. There are still available properties in Ovacik and Hisaronu for a foreigner to purchase for the application of Turkish Citizenship for example.
2. Some properties are NOT suitable for main residence as the land they are built on maybe classed as tourism or commercial land or even certain zones where foreigners are not allowed to purchase. Each parcel of land is marked out and we as an estate agent can check the situation with individual plots.
3. The current requirement to allow a person to get residency permit is you must be the owner of a property which has a declared value of 200.000 USD the equivalent value in T.L on that date. This value is NOT determined by the selling price alone. When a foreigner is purchasing property there is a compulsory survey/exper report done this shows/classifies the government value NOT the actual selling value however it should be a close figure.
4. If you are a married couple then you are both eligible to get residency permits. If you are buying in joint names however not married and wanting to live here permanently you should be officially retired in the UK and be able to prove your pension income. Otherwise only one of you will be able to get the residency permit. ( If you are young free and single your laughing all the way with your application for residency )
5. You maybe interested in a property which looks to be suitable from what you have seen i.e. location ticks the box, price ticks the box. However, the property needs to qualify to the same affect.

For those of you looking to sell for whatever reason

1. You should have owned your property for more than 5 years, otherwise you could come across capital gains Tax. We can advise on each individual case as your estate agent.
2. Your property may not be suitable to all buyers, Self-explanatory
3. If you are looking at downsizing for example and still want to continue living here, again you need to check the property you are buying will qualify for the residency requirements in the current status.

We hope you found this of some interest. We are here to assist and advise all our clients. You are all always welcome to pop in if just for a tea/coffee and chat or maybe if you have any query no matter how small.

Please note we are giving this information the best of our knowledge at the present date. Regards TCH Team.