Investor desire for the Turkish housing market has been steadily on the increase, in spite of the downturn affecting many other world property markets. Not simply is the investment market progressively growing, lifestyle purchases are gaining appeal from many European buyers.

Purchasing a property for either investment or lifestyle follows an extremely straight forward process, where additional incentives are already imposed by the Turkish government to advance attract buyers. These incentives range from the temporary lowering of title deed fees, together with the deficiency of capital gains taxes on properties re-sold right after a specific time period.

Fascination with Turkey's preferred emerging real estate market has developed significantly with various benefits including pre-EU property prices, strong capital growth, economic stability and ideal buy-to-let market opportunities.

The payment of a holding deposit will be required once the property to be purchased has been selected. The holding deposit can vary greatly between developers or agents, yet usually amounts to approximately EUR3,000 or £2,000. The holding deposit will get rid of the property from sales listings whilst the legal paperwork and due diligence is done.

Variations in payment schedules will occur between re-sale and off-plan properties, as frequently re-sale properties will require the consumer to go directly into the completion phase once the legal due diligence continues to be completed. As soon as the homework has returned a satisfactory result for moving ahead with all the sale, a reservation deposit will likely be paid. The reservation deposit will also vary between developments and might range between approximately 10% and 40% of your purchase price. Area of the legal fees may also be required in the reservation deposit phase.

The buyer's representing solicitor will arrange the necessary military clearance that is required by all foreign purchasers in Turkey. Military clearance is just required to make certain that the house to be purchased is not really located within specific restricted zones, including military land and other land protected forhistorical and cultural, or ecological reasons. For more information please visit http://www.imtilak.net/en/