The best time to sell depends on the market, and in which area you’re selling in the first place. While most people automatically think that spring is the best time to sell, but that’s not true in some places. Winter buyers tend to be more serious. There is low competition in Fall, and prices for repairs tend to be lower. Summer brings many competitions, but also families who need to move before school starts.
When to prepare your property for sale in Turkey, of course, depends on why you want to resale it in the first place, and how quickly you need the money.
CAPITAL GAINS TAX AND TURKISH PROPERTY
By far the most important consideration when it comes to selling your property in Turkey is the capital gains tax.
Anyone who buys a property for sale in Turkey and sells it within five years must pay capital gains tax on the amount of profit made from the sale.
In the case of those who purchased a new property from a developer then they have slightly more facilities if they wish to sell within one year of signing the title deed. They won’t be subject to any capital gains tax. However, once those 12 months have passed, like every other foreign national in Turkey, they are subject to the tax on profit made from their Turkish property.IN WHAT SEASON OF THE YEAR DO YOU HAVE TO
SELL YOUR PROPERTY IN TURKEY?
Consider where you’re selling a home first. Obviously, if your property is in a resort and it’s a holiday let then wait until after the summer when you’re no longer assured of any guest income. Autumn and spring are the best times to sell and market your property in Antalya, Fethiye, Kalkan or other coastal cities.
Winter can be a slow season for property sales but such is the interest in Turkish property these days that it usually doesn’t take a long time to earn a good deal.
Before you consider the pros and cons of selling during each season, research the best time of year to sell a home in your region.
Last Updated: 6/5/2019 10:15:38 AM