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ABOUT RENTING YOUR PROPERTY IN TURKEY
Turkey is an ever-increasing holiday destination for Europeans and also with Turkish tourists during the summer months.
Long term rentals are normally of 6 month or 1 Year Basis. 6 month rentals would normally only be for summer months, so if you want to use your property then long term options would not be feasible.
Properties can also be let out on a daily and weekly basis. Prices are time of year dependent. Please note that rental income is liable for tax assessment in either your country of residence or Turkey.
ABOUT SELLING YOUR PROPERTY IN TURKEY
If I want to sell my property in Turkey, are there any restrictions and what are the costs?
Property prices in the Kusadasi/Sojcuak area are currently growing at between 40% and 50% pa resale costs would be approximately 5% comprising of sales tax, local documentation and legal fees. Estate agents fees are payable in addition to this. Property may be sold to Turkish, or foreign nationals without restriction. Because of the change in law (Decree 32 August 1989) the lira is now convertible so proceeds of the sale of a property can be converted to whatever currency and subsequently transferred to any country you choose.
If I sell my property, can I freely transfer my funds out of Turkey?
Yes, Turkey has a very liberal investment climate, including free (international) movement of capital, profits, dividends and salaries, free-trade zones and subsidies. Small bank charges may apply.
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