The Hill residential development is located in a prime location in Konakli, Alanya. The project is being built in two phases on a plot of 25.000 m2. Phase I comprises of 44 apartments, divided over 7 blocks on 9.330 m2. The development is on a hill set 500 meters from the beach and offers stunning open sea views.

Developer: KORAY Construction Plc. (www.koray.com)
Co-Developer: BPI Real Estate Investment & Development Inc. (www.bpi-turkey.com)

Phase I is due for completion by end of December 2009.

YKS Facilities Management Company www.yks.com.tr will provide the facilities management

Once the purchase is completed and delivered to the buyer, owners can treat the interior of their property as they wish for residential purposes after obtaining the Certificate of Occupancy (İskan) obtained. However, the exterior must retain the same architectural design and chosen colour scheme.

It is possible to do so but this is lengthy and costly process especially electrical goods which are heavily taxed on entry. Buying new furniture in Turkey may work out cheaper than transporting your own. We will offer furniture packages for the buyers. Buyers will be informed about this later.

You can resell your property directly yourself or through the real estate agents

Turkey is becoming a larger focus for overseas residential investors with growth being reported at increasing levels. Talks of EU accession and more promising laws to accommodate foreign purchasers coupled with a large increase in tourism figures are factors that caught the eyes of many investors. Turkey remains a candidate member to join the EU in 2015 which is a positive factor for people looking to invest in the country.

Domestic demand is expected to increase over the next decade, as Turkey has a young population growing at a steady pace. It is estimated that almost 60% of the population is under the age of 30 (total population estimate is 71 Million). Economic reform and increased levels of income will have a positive effect on the property prices in the region.

In response to determinant macroeconomic policy implementations throughout the past five years, GDP growth has reached 7.2 % on average and 6.1% in 2006, making Turkey one of the fastest growing economies in the world.

Capital appreciation estimate for Alanya City over the past five years has averaged 10 % to 20 % per annum. Please note that the average figures are estimates and that they may be subject to changes from one project to another in the region.

No official figures are actually available to show the true rate of house price growth in Turkey, although a General Directorate of Land Registry has been established to monitor sales of all properties. The figures quoted for Turkey come from the agents selling the properties, so the only true indication of house price growth in the country would be a detailed analysis of prices for similar properties over a period of time.

Please contact the Developers.

A Tapu is the title deed for a property.

Yes, the title deed can be registered either in joint names or in a single name.

Whilst this sort of distinction is not commonly used in Turkey, the type of ownership that is offered on our project is what most people would understand as 'freehold' - fully registered legal title in perpetuity.

Payments can be made in cash for the whole amount or through the mortgage provider bank.

Yes. You have the opportunity to benefit from the excellent reputation of the developers. As one of the few projects in Turkey, you can obtain a mortgage for The Hill off plan. There are different mortgage options depending on nationality. Please see our Financing Alternatives

It is advisable to open a bank account in Turkey. This enables you to pay your utility bills automatically and to transfer money to and from your bank account in your home country.

Yes, they can. You need to obtain a tax number from the local tax office and submit it with a copy of your passport to the appropriate bank branch.

Yes. This can be done either to their own Turkish bank account or to any other bank account.

Yes. You are able to transfer your money to your bank account in your home country or to any other bank account.

1. Title Deed Transfer tax: 1.5 % of property transaction value (sales value) (*)
2. Legal advisory and notary service costs ( i.e. costs of assignment of a legal advisor & notary fees; generally between € 1.500 – € 2.000)
3. Mortgage transaction costs
(*) In accordance with the revision in the tax law dated 6.6.2008.

You can approach the independent International Property Law centre. They provide specialist Turkish-speaking lawyers, who are based in the UK and who can help buyers with their property purchase in Turkey, via a step by step guide. Plese see Legal Advice page on our web site for further guidance.

No, there must be both de jure and de facto reciprocity between Turkey and the nationality of the foreigner. This means that for real estate acquisition by a foreign country’s citizen in Turkey to be permissible, Turkish citizens must also have the right to acquire real estate in the aforementioned foreigner’s country, this right must be accepted by law and be practically applicable.

The total area of real estate acquisition and the limited real rights on real estates by a foreign real person in Turkey cannot exceed 25.000m² within the entire country.

In Turkey according to the current tax regulations, foreign citizens and Turkish citizens are no different in terms of taxes or levies to be charged. In Turkey, for the real estates, the following taxes or compulsory insurances are required; Inheritance and succession tax, VAT (if a commercial delivery takes place), Real estate tax, Personal income tax (based on rental income and capital gains), Real Estate Acquisition and Purchase Levy (at the time of purchase or sale), Stamp Duty, Environmental tax, Corporate tax (in case of a commercial transaction of a company), Earthquake insurance.
The Tax Liabilities Concerning Real Estate

For more information please contact your agent.

Household bills – The cost of living in Turkey is lower than in most European countries.
Facilities Management Fee - Depending on the project these fees vary. 
Property tax - 0,1% of the property value declared by the local municipality (to be paid before the end of May each year). Revaluation is conducted by the local government every five years.
Insurance Expenses - The annual premium for insurances depends on the values that have to be insured.
Public services - Waste/rubbish tax by the municipality amounts to € 25,-.
Electricity - Consumer-rates per kWh up to 150 kWh are 11 cents. By usage more than 150 kWh, rates are 17 cents. There are no standing charges. 
Water - Consumer rates per m3 are € 0,31 up to 20 m3. From 21 to 40 m3 rates are € 0,47. Monthly standing charges are € 8,75. 
Please note that all figures are estimates and that they may be subject to changes.

YKS Facilities Management Company will provide rental management services upon request at buyers’ cost.

4% to 7% rental income per annum is a reasonable expectation of properties in the coastal regions of Turkey, assuming the right property has been purchased. The rental yield shows seasonal variations.

The YKS Facilities Management Company will provide chargeable rental management service for The Hill Project. Please contact your agent or Developer for more information.

Yes. Please refer to the below table:

For more information please refer to a local tax advisor.

Almost all foreign passport holders travelling to Turkey require a visa. Visas can be obtained at the port of entry in Turkey or from the Turkish Diplomatic Offices in your home country. It is advisable to have a minimum of six months validity on your passport from the date of your entry into Turkey. If you plan to stay longer than the duration of your visa, you can apply for a residence permit at the local authorities.
The fees and the duration of the visa vary for the different nationalities.

Buying a property doesn’t give you citizenship rights. If you want to stay in the country for a long time, a residence visa needs to be applied for.

With 300 sunny days a year, the climate in Alanya permits visits all year round. Summers are warm and dry and winters are pleasantly mild.

Average temperature scale for air and sea

Average air pressure: 759,6 mm Hg.

The closest airport to the Hill is the international Antalya airport which is 110 km away and around an hours drive. Most of the major airlines such as BA, KLM and the national carrier Turkish Airlines have regular flights to Antalya via Istanbul and you can also find direct charter flights from many European cities all year round. Flying time from Northern Europe to Antalya is about 4,5 hours.

From the airport you can continue your journey either by public transport, private transfer, taxi or rental car. YKS facilities management will provide chargeable pick-up services.

As a recent development; a new international airport in Gazipasa town just 30 minutes (drive time) east from Alanya city centre is planned to be fully operational by 2009 summer.

The sandy beach is approximately 500 meters from the Hill, just a couple of minutes’ walk.

Alanya offers both traditional Turkish culture as well as modern facilities. There are many international restaurants, fast-food chains, a dazzling nightlife, shopping centres, cinemas, a bowling alley and several sports facilities. All year round golf courses can be found in Belek, a one hour drive from Alanya.

It is a 10 minute walk to the main road from where many public transport busses in the direction of Alanya and the centre of Konakli pass frequently.

The medical care in Alanya is sufficient and available all year-round. There are 4 hospitals (one state and three private), 14 health centres and 2 dialysis centres. The private hospitals have mostly English speaking doctors and the treatments are generally covered by international insurance companies.

It is advised to drink bottled water. This is readily available and very cheap to buy.

Yes, pets are allowed but under certain conditions. Dogs must be kept on a lead at all times and more aggressive breeds (e.g. Doberman and Pit-bull dogs) are not allowed.

Yes, it is possible to bring pets in the country as long as they have a passport. However, on returning to your home country, the pet may be subject to quarantine laws.

Yes, you can apply to Turk Telekom to get a telephone line. To obtain documentation in your name, a residence permit is required. You can also use your mobile phone in Turkey. Local GSM operators’ SIM card (fixed line or prepaid) also available at convenient shops.

Yes, each customer can apply for ADSL subscription at Türk Telekom to have internet connection in their residence.

Yes and the number is growing every year. More and more retires are discovering Turkey and favouring it over Spain but also the number of foreigners living and working in Alanya is increasing.

There are approximately 10.000 foreigners from different countries of Europe living in Alanya all year- round. In the organisation of Alanya Municipality, there is Council of Foreigners which all foreigners can share their advises about the City.

Turkey is a very safe country with a relatively low crime rate.

Most definitely. There is a family orientated culture in Turkey and children are welcome almost everywhere.

No, there are no international schools yet in Alanya. There are many public schools and four private schools. The private schools pay a lot of attention to English but Turkish remains the main language.

Yes, there is plenty: a small amusement park, bumper cars, trampolines, mini golf, play land and two public water parks in Alanya.

No but as with anywhere in the world, it always brings advantages. But there are many people who can speak English in Alanya.

There are several language centres that provide Turkish lessons for foreigners.

There are several social clubs that meet regularly (Dutch Association, International Women’s Club, Scandinavian Association) and there are many activities that foreigners can participate in: dance courses, art lessons, bridge drives, charity events, etc.

There is a wide range of restaurants: traditional Turkish, Fish restaurants, International cuisine (English, Italian, Mexican, Chinese, Dutch, German and Scandinavian) and well-known fast-food chains (McDonalds and Burger King).

The nightlife varies from small pubs to large open air discos. Many of those are located in the harbour of Alanya but there are also some on the outskirts of the town.

Yes, there are several (Alanyum Shopping Centre, Metro Gross Market, Carrefour, Migros, and Kipa Centre).

Most shops are open 7 days a week. The supermarkets are generally open until 10 or 11 pm and some neighbourhood shops are open 24/7.

Most international brands are available in Alanya.

There is a local market in or near Alanya every day of the week. Especially food products can be bought at low prices at these markets:

Monday: Oba, Manavgat
Tuesday: Mahmutlar, Alanya (near the yeni hal)
Wednesday: Konakli
Thursday: Manavgat
Friday: Alanya (Centrum)
Saturday: Mahmutlar
Sunday: Alanya (in Hacet area)

There are plenty of opportunities to engage in sports: several tennis and soccer courts that can be rented by the hour, many fitness centres, water sports, a bowling alley, different sports lessons and an indoor swimming pool is currently under construction. During the winters skiing is possible in Saklikent, only an hour’s drive from Antalya.

There is a lot to see and to do. There are three museums (Alanya Museum, Ataturk House and the Red Tower), two natural dripping stone caves (Damlatas and Dim Cave) and you should not miss out on the castle and its amazing views.

During the summer it is nice to cool off in one of the restaurants along the Dimcay River.

Outside Alanya you can find the well preserved Aspendos Theatre, several waterfalls, archaeological sites and of course the impressive Taurus Mountains.

A hamam is a traditional Turkish Bath where you can enjoy a cleansing and relaxing treatment. There are several good hamams in Alanya.

Yes. Every Sunday there is a church service in the cultural centre and a church is currently under construction.

Yes. There are three cinemas in Alanya and almost all movies are original with Turkish subtitles.

You can contact your agent or the Developers.