Turkey Mortgage
A Turkey mortgage is currently not common for those buying Turkey land or new construction in Turkey. However, legislation passed in 2007 has greatly facilitated obtaining a Turkish mortgage. However, it is important to obtain up–to-date Turkey mortgage information if you plan to make an investment in Turkey.
Your legal adviser can provide you with the most important information on a Turkey mortgage and advise you on the current financing structure for the purchase of Turkey land and property. Releasing equity from properties you already own may also be an option and a possible alternative to a Turkey mortgage.
Turkey Tax
Turkey law is very different from that in most European countries and it is vital that you obtain independent legal advice, particularly regarding Turkey tax information. As a general guide to taxes associated with the purchase of Turkey land or new construction in Turkey, you should take several taxes into account including deed charge, stamp duty and VAT.
Turkey land and property owners may be liable for state and local taxes, particularly if you receive rental income when you invest in Turkey. For further Turkey tax and ownership information, click to download the Turkey Land and Property Investment Guide.
