Welcome to Bodrum, where the Turkish Riviera's charm meets the allure of modernity through exciting new developments and off-plan projects. This enchanting coastal destination has rapidly become a hotbed for off-plan real estate, attracting investors and luxury seekers from across the globe. At the helm of this exciting journey stands Buy in Bodrum Realty, your trusted companion in navigating Bodrum's flourishing property market.
Unlocking New Real Estate Developments:
Yalıkavak - A World of Luxury: Yalıkavak, with its posh marina and world-class amenities, is synonymous with luxury living. Here, new developments blend seamlessly with the town's sophistication, offering residents and investors a taste of paradise.
Torba - A Serene Escape: Torba, with its tranquil ambiance, verdant landscapes, and proximity to Bodrum's bustling heart, has gained recognition as a serene escape. New developments here harmonize with nature, creating idyllic living spaces.
Türkbükü - St. Tropez of Turkey: Türkbükü, often referred to as the "St. Tropez of Turkey," showcases the epitome of elegance. Its new projects elevate Bodrum's prestige, providing unmatched comfort and extravagance.
Gündoğan - A Tranquil Gem: Gündoğan's untouched beaches and serene setting make it a favourite among those who appreciate tranquillity. New developments in Gündoğan are a true embodiment of coastal serenity.
Gümüşlük - History and Harmony: Gümüşlük, with its ancient ruins and awe-inspiring sunsets, offers a unique living experience. New projects in this region seamlessly blend history with modern comfort.
Off-Plan Projects: While exploring Bodrum's property market, it's essential to keep an eye on off-plan projects. They offer a unique opportunity to invest in the future of this paradise. Buy in Bodrum Realty closely tracks these projects, ensuring that you're at the forefront of innovation and lifestyle.
Your Key to Investment Success:
10 Key Steps to Property Ownership in Turkey for New Developments: Purchasing new development property in Turkey involves a specific set of steps to ensure a smooth and successful transaction. Here are the ten key steps to buying new developments in Turkey:
Define Your Objectives: Begin by clarifying your property ownership goals. Determine the type of property you want, whether it's a residential apartment, vacation villa, or commercial space.
Choose the Right Location: Research and select the location that best suits your needs. Turkey offers a variety of beautiful destinations, so consider factors like lifestyle, amenities, and investment potential.
Select a Reputable Developer: Identify a trusted and experienced property developer with a track record of delivering quality projects. Look for reviews and recommendations to make an informed choice.
Property Viewing and Inspection: Visit the development site and examine the property. Ensure it meets your expectations in terms of design, quality, and features. This is also the time to discuss customization options.
Contract and Payment Plan: Review the sales contract in detail. Pay attention to the payment plan, down payments, and installments. Seek legal advice to ensure the terms are fair and protective of your interests.
Reserve the Property: Secure your chosen property by paying the reservation fee. This prevents others from buying it while you complete the necessary checks and paperwork.
Due Diligence and Legal Checks: Hire a lawyer who specializes in Turkish real estate to conduct thorough due diligence. They will ensure all documentation is in order, and there are no legal issues associated with the property.
Sales Contract Signing: Once due diligence is complete, you'll sign the sales contract and make an initial payment, usually around 30-40% of the property's price.
Transfer of Title Deed: After obtaining military clearance, a critical step for foreign buyers, you will transfer the title deed and complete the purchase.
Key Handover and Completion: Once the property is ready, the developer will provide the keys, and you can take possession. Ensure that all utilities and services are properly connected
Top 5 Tax Incentives: Buy in Bodrum Realty keeps you informed about tax incentives,
including citizenship by investment and property acquisition tax reductions.
1. VAT Exemption:
For residential properties, new developments are subject to a reduced VAT (Value Added Tax) rate, typically at 1%. This significantly lowers the upfront cost of buying a new property.
2. Stamp Duty Reduction:
The Turkish government has lowered the stamp duty for first-time property buyers. This reduction can make a considerable difference in the overall property transaction cost.
3. Title Deed Fee Reduction:
The title deed fee (TAPU fee) has been decreased to incentivize property ownership. This fee is usually shared between the buyer and the seller, and the reduction helps lower the acquisition costs
4. Reduced Property Tax:
New developments often come with lower property tax rates. This reduces the annual cost of property ownership.
5. Citizenship by Investment:
One of the most enticing tax incentives in Turkey is the Citizenship by Investment program. When you invest a certain amount in Turkish real estate, you can qualify for Turkish citizenship, offers not only tax benefits but also broader privileges as a citizen.
Corporate Investment Benefits: For corporate investors, Turkey presents compelling incentives, such as tax deductions for specific investments, access to skilled labour force, and potential expansion into neighbouring markets.
1. Strategic Location:
Turkey serves as a bridge between Europe and Asia, making it a strategic location for businesses looking to access markets in both continents. The country's unique geographic position allows for efficient trade and transportation routes.
2. Investment Incentives:
The Turkish government provides various investment incentives to attract businesses. These incentives include tax breaks, subsidies, and financial support for certain industries and regions. They aim to boost employment, stimulate research and development, and promote exports
3. Customs Union with the EU:
Turkey is part of a customs union with the European Union (EU), which facilitates trade between the two regions. This agreement eliminates customs duties and restrictions on goods, enabling Turkish companies to access the vast EU market easily.
4. Skilled Workforce: Turkey has a young, well-educated, and competitive workforce. Many Turkish professionals are multilingual, and the country produces a significant number of engineers, scientists, and skilled labourers each year.
5. Free Trade Agreements:
Turkey has signed numerous free trade agreements with countries worldwide, allowing Turkish businesses to enjoy preferential trade terms and expand their reach globally. These agreements open up new opportunities for export-oriented companies.
Embark on this exciting journey with Buy in Bodrum Realty, where we transform your dreams into reality. Bodrum's future awaits, and Buy in Bodrum Realty leads the way to your new home, your latest investment, or your next adventure
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