Incek Loft
Click any image to view full gallery (4 images)
Overview
A luxury residential project in Ankara, located near several universities.
Building/Community Amenities
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Garden / Courtyard
- Jogging / Biking Trails
- On-site Retail / Shops
- Park
Investment Insights
Investment Analysis
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Turkey, provided the property is not situated in military zones or other restricted areas.
Tax Considerations
Property Taxes
Property taxes in Turkey are relatively moderate
Transfer Tax
purchase, buyers are subject to a 4% transfer tax
Inheritance Tax
Capital gains tax applies to properties sold within five years of purchase, with rates ranging from 15% to 35%
Important Considerations
Restrictions
- Foreign buyers should be aware of restrictions on the amount of land they can purchase, which is typically limited to 30 hectares.
Required Documents
Financing Options
Financing Options
Financing in Turkey
Turkey offers diverse property financing options for foreign buyers, making it an increasingly attractive destination for real estate investments. Typically, loan-to-value (LTV) ratios for foreign buyers range from 50% to 70%, depending on the property type and location. The Turkish property market's allure is enhanced by competitive mortgage rates and relatively straightforward financing processes. With strategic geographic positioning bridging Europe and Asia, Turkey provides a unique blend of cultural richness and economic opportunity, which appeals to international investors seeking to capitalize on its growing real estate market.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Bank statements for the last three months
- 4Turkish tax identification number
- 5Property valuation report
- 6Credit score report from the home country
- 7Down payment of at least 30% of the property value