BUYERS GUIDE

WHY INVEST NOW AND NOT ON COMPLETION?

It will be sold out long before completion. Due to the discounted Off Plan prices offered.

As the development progresses the prices are INDEXED to rise in line with the progress of the construction and by completion a realisation in the region of 40% will be available. By summer 2010 the first of the price increases will be implemented and will offer early Investors an immediate return. The Completion of the project will also coincide with the World Golf Championship 2012 being held in Antalya giving high rental or high resale opportunities especially as Apartments are a favorite for visiting Golfers.

Investors making an investment today will be buying prior the price increase due in summer which is likely to be in the region of 15%.

FLIPPING-Because of the LOW initial prices it offers the opportunity for investors to sell the contract on with NO tax liabilities. This is without question the best opportunity in Antalya and Turkey.

Additional Information

Who can buy?

Most foreign nationals can purchase property in Turkey providing that:

* There is a reciprocal agreement between the government of Turkey and that of the purchaser. This agreement does exist between Turkey and the U.K. and many other countries.

* The intended property lies within the boundaries of a municipal area, i.e. town or village with more than 2,000 registered inhabitants.

* The intended property does not lie within the confines of a military zone.


Exclusive Payment options for Property Sun Turkey Clients

The Akins Construction has various options open to clients.
1: A 30% deposit and the balance by way of a mortgage through Garanti Bank at highly competitive rates.
2: 25% down payment and 75% not payable until completion (18 Months but envisaged end of 2011) 3: 50% deposit followed by 50% paid on completion. This option includes a free comprehensive Furniture Package or Golf Membership.
4. Full payment which will give a 3% discount and a free comprehensive Furniture Package or Golf Membership.

GARANTI BANK: One of the largest banks in Turkey runs on a very sound financial basis through its responsible approach to lending (very different to the UK USA etc). The real point on Garanti Bank involvement through offering 70% off-plan mortgages is the view Garanti Bank has taken and confidence it feels in this project by doing so, normally mortgages are NOT available for Off-Plan projects but Garanti Bank realises that with the financial strength and stability of Akins Construction. Are happy to provide added security for investors in this project that will be 100% guaranteed project that will complete and shows by offering this facility for the individual investors a very credible secure opportunity for them.

Buying costs in Turkey are approximately 7% of the purchase price which compared to other overseas property markets is low as an example the likes of Spain, Greece, Portugal and Cyprus can be between 13-18%

Main Property Purchasing Costs

1. Purchase tax: 3% on the ‘declared’ value of the property to be paid to the government. As house prices are set by the City Council for taxing purposes, their valuation is much lower than the actual purchase price This is a one off payment and it is due once the TAPU is received (step 6).

2. The solicitor's fee:(should you require one, but Property Sun Turkey strongly advises) Prices start from about £400.00 pounds and will vary depending on which solicitor you choose to use.

3. Agency commission: All Estate Agents in Turkey charge 3% commission to the buyer based on the Purchase price.

4. Notary charge: Approximately £100-150 notary charge for the power of attorney and the translation of your passport. This needs to be paid at step 4.

5. Map search: 2 maps are needed. The first is a map of where the property is located and is sent to the Izmir Aegean Army. This costs approx. £35. The second is a 1/5000 map used in the title deed process. This costs approx. £400 but price varies for different Municipality areas. (Step 5)

6. Title deed registration: £ 30 registration of title deed in your name. This is paid in step 6 and is paid only once.

The charges for purchasing can differ from region to region.

Additional fees

Utility Registrations Water and Electricity to be transferred into your name – approx. £150

Compulsory Government Building Insurance (DASK): his insurance has been compulsory since 2000 and costs approx. £35 a year depending on property size.

Home and Contents insurance: This is not mandatory and can be done once the property deeds have been registered in your name. Approximately £150 but costs vary depending on cover required and value of property.

Property tax an annual property tax is collected by the municipalities (i.e. local governments) at the rate of 0.3% for land and 0.1% for a house. This can be paid annually or in two payments, one in May and the next in November.

Taxation
Capital Gains Tax nil after 5 years on property ownership
I f sold before a sliding scale exemption is in place in year one 2,600 tl is deducted to offset any gains with higher allowances until year 5. THIS IS ONCE THE PROERTY IS REGISTERD AND YOUR NAME IS ON THE TAPU (TITLE DEED) IF THE CONTRACT IS SOLD ON BEFORE REGISTRATION THEN CGT IS NOT LIABLE.

With rental income this if taxed paid in Turkey then this will not be liable in the UK as a double taxation agreement is in place between the countries.

For further Sales information please contact the Sales Director Mr David Richardson,
Email: david@propertysunturkey.com Tel:+44 20 8349 4960

Editor’s Note:
Aqua Mare Luxury Apartments are a highly successful new concept of eco –friendly residences in Antalya, Just half an hour by car from the cosmopolitan town of Antalya, listed recently in the ‘What’s Hot 2009’ resorts by The Sunday Times, and its international airport, Aqua Mare is a low density development of 72 Apartments with private indoor &outdoor swimming pools, gardens, cafe-bar, sauna, fitness in the Modern Spacious Complex. Close to the regional capital Antalya with its upmarket shops, restaurants and hotels.Side, renowned for its Roman antiquities, while close by is Turkey’s premier golf resort Belek.