Monday, May 24, 2010

Altinkum-is-Home: Additional Purchasing Costs

Altinkum-is-Home: Additional Purchasing Costs

Furniture Packs







So, you have bought your property and need to furnish it. The quality of furniture varies as does the price.



We have an extensive range of household furniture packages with prices for you to consider – that’s the easy option. The alternative is to go around the shops on your own, or we can take you on a guided tour to make sure you get the best deals.

Whatever the size of your property in Turkey, whether it be a 5 bed luxury villa requiring impressive decorative designs or a small holiday apartment - if you have purchased to secure an income from holiday letting, looking for a starter pack where you can take care of the finishing touches yourself, or would like a consultation on how to furnish to maximise a property's selling potential, our advisors offer total commitment and attention to details throughout any project.
Please complete an enquiry form if you would like further information on the full range of furniture packs available.

Back to Home Page for properties in Altinkum

Additional Purchasing Costs

Starting Costs:

Deposit: 10% of the sale price
Solicitor’s fee: £200
Legal translator: £ 50
Notary Public: £ 80
Power of attorney: £80-£120
Estate agent’s fee: 3% of the sale price, 0% if our own development
Military Clearance Fee: £400 depending on location
Placing a charge on the property: 1.2% of the amount you paid + @£100


Completion Costs - Once the Title Deed is transferred in to your name:

Buyer’s / Seller's tax: 3.3% of the rateable value
Government tax: minimal depending on property and location
Community tax: minimal depending on property and location
Property tax: 0.5% - 0.6% of the property price, depending on location, paid yearly
Earthquake insurance: (compulsory) depends on property value & location about £50 - £100
If the property is bought on a complex there is an annual maintenance charge of £200 - £750
Water & electricity connection fee: £200-£400 depending on existing arrangements

Please note that the Starting Costs are your commitment to buy and are non-refundable.

If you are buying a completed property, 10% of the sale price is the usual deposit and will include the starting costs, with the balance becoming payable in 30 days. The completion costs will become payable once you have the title deeds.

When you are making choices between properties or land, we can tell you exactly how much each purchase will cost you in total to help you with your decision.

If you are coming on a viewing trip, you will need to think about your total budget: say £45,000 for a property and about 10% for costs = £50,000. You will need to have that 10% available to you to make the first payment on signature of contract.

ALL AMOUNTS ARE APPROXIMATE AND ARE SUBJECT TO CHANGE

Saturday, April 11, 2009

Oh joy! I have roads all around my apartment!

It seems the Belediye (local council) had a mad rush to impress the voters in the time leading up to the local elections.

I have lived in the same apartment over the past 3 years and always dread the wet weather when it comes to crossing the marshes growing around my home.

But I am happy to report that the roads are so much better. Just one or two more bouts of rain are expected and then lots more roadwork will be done around the resort.

Tuesday, March 31, 2009

The sun is shining!

At last the sun is here, the temperature is up and everyone is starting to give their properties and shopfronts a facelift. What a difference the sunshine makes - everyone is in a good mood!

The colour of the sea has changed - a good sign that sunny weather is on its way. Did you know that the sea in this area really does turn turquoise once the winter storms have ended and the sun shines down in to it? All those photos you see are real!

The Easter Holidays are on their way and Thomas Cook say their bookings are up by 100% on this time last year. All those special offers are luring people away from the doldrums in the UK. Even the forecasts for the property industry are up - much assisted by the Turkish Government's assistance for the home making industry. Not just building materials, but also taxes and home furnishings have been reduced just to give the economy a quick boost.

So here's to 2009 and the best the sunshine can bring!
Debbie at Ideal Homes

Wednesday, March 25, 2009

Altinkum-is-Home

Altinkum-is-Home
WHETHER planning to live permanently, or only spend lengthy holidays in the country, medical care is top of the list of concerns for many British property buyers in Turkey.

However, there is no reason to worry, with many people actually travelling to the country from Britain to take advantage of the high quality health services on offer. Medical care in medical centres and hospital in Turkey is provided by board-certified physicians, many of whom have previously trained in top U.S. or European medical programs. "The quality of care is equal, and in many cases far superior, to that available in the UK. Most doctors speak English fluently, with private hospitals in the tourist areas having many English speaking staff," says Dominic Whiting, editor of the Buying in Turkey property guide, www.buyingin.co.uk.The cost of medical care is lower than in the UK due to the lower cost of living, lower staff and doctors’ fees and cheaper medication. In addition, the cost of medical care is lower because there is significantly less administration and paperwork.

The vast majority of private patients in Turkey pay the doctor or medical centre directly. Unlike the UK, there is no administrative paperwork associated with insurance claims or approval of care for private patients in these countries. The cost of medication and treatment, including dentistry, is typically about half the price of the UK and "medical tourism" is a growing trend with patients travelling from the UK and Western Europe in increasing numbers for dentistry, fertility treatment, cosmetic surgery and other surgical and medical treatments. There are large private hospitals with excellent facilities in the following resorts/towns: Istanbul, Izmir, Kusadasi, Bodrum, Marmaris, Mugla, Fethiye, Antalya and Alanya. Other resorts will have state hospitals, private clinics and doctors, which provide emergency care, and treatment for minor injuries and routine ailments. Chemists, "eczane" in Turkish, are also trained to treat the most common ailments and dispense medicine, many of which are available over the counter without a prescription.

Despite the low cost of high-quality private medical care in Turkey, visitors and longer-term residents are advised to take out medical insurance. Health cover will usually form part of a travel insurance package. If you travel regularly then it is more cost effective to get an annual policy. For permanent or long-term residents medical insurance can be arranged through an international insurer or broker specialising in expatriate policies, or through a Turkish insurance company.

International policies typically offer 3 levels of cover, which will include in-patient/day care and emergency repatriation to the UK, along with out-patient care, specialist treatment, dentistry and maternity care, depending on the level of cover. Annual premiums for a 40 year-old couple will typically range from £1,320-£4,560 depending on the level of cover and the insurer. Medical cover through a Turkish insurance company is cheaper and will typically cover all hospital treatment and a limited number of doctors' consultations each year. Out patient care and medication can also be included for a higher premium. Emergency repatriation to the UK will be extra. Annual premiums for a 40 year-old and a 60 year-old couple start from £750 and £1,000 respectively. Premiums can generally be paid in 5 or 6 monthly instalments. It is important to remember that under current regulations British citizens living outside Britain for more than 3 months are no longer eligible for free NHS treatment.

For this reason many people relocating to Turkey keep a base in the UK which they use for part of the year; or simply retain a postal address at a friend's or relative's address.