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Saturday, 28 June 2008

FEES FOR BUYER IN PURCHASING A HOUSE IN TURKEY

The purchase price specified in the sales contract is not entered in the page in the land register. In Turkey there is a so-called value mirror. This means that the minimum price can be entered in the title deed. This is a legal process which can save you money but of course the actual purchase price can be entered in the title deed if your desire (this means, however, that the vendor and yourself will have to pay a lot more tax on the sale). The entered minimum price does not have any significance in terms of a possible resale. You, as the owner, can determine the selling price.

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