Antalya is one of Turkey’s most popular holiday destination and also the largest coastal city in southern Turkey with a stunning turquoise coastline that stretches for miles as far as the eye can see, with various resorts that are popular with tourists from many countries, showing off a wonderful ancient history with some amazing historical architecture mixed with a vast amount of new modern properties, as the Antalya real estate market is booming in almost every area.
Holiday home buyers, ex-pats looking year-round homes for relocation and Investors are flocking to buy property in Antalya, all attracted by the warm year-round climate, beautiful sandy beaches and golf courses etc, all combined with the excellent city centre amenities of shopping malls, hospitals, schools and universities, everything we expect from a large modern city.
Where can I buy property in Antalya?
Most foreigners may purchase land and property in Antalya in their own names without issue provided that the property in Antalya is located in a town, not a village or rural agricultural aree and an Antalya property must be purchased within the boundaries of a municipality or borough and the land or home purchased must also be located outside of any military zone.
Antalya Property Purchase Procedure
To begin you need to find an Antalya property that suits your ideal lifestyle or investment requirements and we can offer real estate in Antalya in several areas, Kalkan, Kemer, Antalya city and its surrounding areas, the golfing resort of Belek, historical Side, all along the coastline to Alanya.
For international investors who have now been edged out of Istanbul due to the souring prices, property in Antalya is an excellent alternative with many choosing to buy Antalya property in or close to the city centre to ensure a year-round rental income, especially those from the Middle East, although the exclusive area of Kalkan is also ideal for investment property in Antalya, however, Kalkan is for the high-end investor with luxury Antalya property almost always offering a panoramic sea view and a high price tag.
European holiday or permanent home buyers tend to buy property in Antalya in areas that they have already visited on several occasions, a private detached Antalya villa with a private swimming pool, complex villas with shared pools or a newly built modern Antalya apartment that often come with some great on-site facilities and we can offer a great range of Antalya real estate within our portfolio to suit all budgets and requirements for whatever reason you choose to buy property in Antalya.
Once you have found your ideal real estate in Antalya, Properties Antalya will draw up a contract with you detailing the agreed price, terms and conditions of the purchase. This will include the amount of your holding deposit, a date agreed when and how you will pay a full deposit and the final balance cost of your Antalya property. A legal translator will be appointed by a government notary office that will be present for the duration of the process so that you fully understand everything and are not confused with any of the translation.
The legal translator then takes the buyer and their passport(s) to the Notary office for translation which takes on average no longer than 300miniutes, this is necessary for security and Antalya property location checks.
Local office consultants from Properties Antalya and the buyer will then take the contract to a local solicitor who is responsible for overseeing the applications for the TAPU (title deeds) and the Iskan (habitation license) as well as dealing with contracts.
The Iskan is a technical passport for your Antalya real estate which holds information about your property such as the number of floors and indoor infrastructure.
The TAPU is an official document that shows property ownership. This document will include the owner(s) photo(s) with an official stamp and signature. It is vital that a TAPU is checked for authenticity by making sure that the name on the TAPU matches the sellers. Your solicitor will check all of this for you as well as making sure that the TAPU does not come with any debts attached and matches the Antalya property in question.
All parties will then sign the contract written up by Properties Antalya and witnessed by the solicitor, the legal translator, and one further independent witness.
On completion of the contract, you will be required to leave a holding deposit to secure your Antalya property (Minimum holding deposit accepted is GBP 1,000 or equivalent) and a date will be set for you to pay a full deposit which is usually 1-2% of the purchase value of the property.
Here is the latest news as of August 2018. No more military application process required on foreign purchases in 16 provinces of Turkey including Fethiye, Bodrum and Antalya. Once all other paperwork is in place, you will pay the remaining balance on your Antalya property and your solicitor will sign over the deeds of the property in your name(s)
In order to acquire the title of an Antalya property, an application has to be submitted to the local Land Registry Office in which the property is situated. After carrying out necessary searches and checks for the above-mentioned requirements, the transfer of the title is done by the Land Registry Office. In Turkey, it is legally compulsory for both sides (the seller and the buyer) to be present at the entry in the property register during the transaction; the proofs or the documents concerning the transfer of the full purchase price into Turkey must be presented to the Land Registry Office.
Almost there, at this penultimate stage of deed transfer all taxes and charges will be paid. You will need to pay a buyer’s fee to Properties Antalya which will be set at 3% of the value of the Antalya property purchase price. You will also need to pay the purchase tax (stamp duty) which amounts to 3% of the assessed value of your property. The assessed value is normally around 60% of the purchase price, so your purchase tax will be 3% of 60% of the value of your property. This tax goes to the local municipality (council).
As a new Antalya property owner, once the purchase process is complete, you will receive your TAPU (title deed). You will need to register with the local tax office to obtain a Turkish Tax number and open a Turkish bank account which is compulsory in order to register a property in Turkey. In order to open a Turkish Bank account as well as your original copy of your passport, you will also need to provide another form of identification with your home address in the country you are residing. This could be in the form of a driving license, any utility bill (electricity, water, gas, etc) or council tax bill. Once the bank account is opened you must register the fact that you now own the property in Antalya with the local municipality.
Utility Connection Fees, Tax and Insurance
Once you have the keys to your new home in Antalya, you will need to pay one off connection fees for utilities such as electric, gas and water, though not all areas have a natural gas supply. You will also be required to purchase mandatory earthquake insurance. Turkey does experience earthquakes and this insurance is mainly for peace of mind. All new build properties come with an earthquake warranty certificate by developers, but if you are buying a slightly older property, Antalya Properties recommends that you ask for one of these certificates as Antalya property built pre 1999 may not fit the earthquake standards.
Annual Antalya property tax is collected by the municipalities (the equivalent of council tax) at the rate of 0.3% for land and 0.1% for a house. Costs can vary slightly depending on your municipality and in the big cities these figures are double. All properties are subject to revaluation every year for tax purposes. If you are buying off-plan property in Antalya, as the buyer you must complete an affidavit and submit this to the municipality for tax purposes within 3 months of completed construction. Properties Antalya are happy to guide you through this process for the first time.
Your acquired Antalya property may be resold or rented out and the proceeds may be transferred out of Turkey.
What are the costs when you buy property in Antalya?
The following illustrates the one-off costs of purchasing property in Antalya. The figures noted here are representative of an Antalya real estate sale of £100,000. All figures are quoted in GBP.
Purchase Tax 3,000 (generally lower - assessed value not the purchase value)
Buyers Fee 3,000
Solicitors Fee 1,000
Notary Fee 300
Gas & Electricity 200
The total purchase cost of your Antalya property will amount to approximately 6.5% of the cost of your new property. However, due to the fact that the purchase tax is generally paid on an assessed value equivalent to 60% of the contract price, the eventual overall costs are around 5%.
Off Plan Antalya Property Sales
Of the costs above, purchase tax, gas, electricity connection, and military application fees are payable upon completion of your property. This means for purchases of off-plan Antalya real estate, overall costs are only about GBP 4,000 (4% of your property value) and the remaining is due after the completion of your property, which could be 12 months away. For new build and resale properties in Antalya, all costs are generally due within 2-3 months of the contract.
While the process may seem complicated at a first glance, Properties Antalya will always be more than happy to guide you through the Antalya property buying process with the best advice possible.