Real estate accounting require professionals that are capable of handling accounting services professionally. However, one is very well aware of the fact keeping a track of accounts on every day basis is quite challenging for both the business owner as well as the financial department. In fact, accounting ledgers always grow; hence, need experts to take care of the transactions taking place regularly. It is only accounting and accountants that can make business a successful venture by keeping the accounting books intact. That is why real estate sector is constantly looking for proficient and professional people. Therefore, real estate follows accounting diligently for reasons like tax payment and for managing the business properly.

However, when the question of handling real estate accounting arises, then it becomes all the more important to have an experienced staff to accomplish tasks properly. Real estate, as the world knows is a huge sector in itself, where there are several participants and demands perfect accounting services. In fact, real estate accounting is catching up a lot with them in recent years. One will be amazed to know that its accounting comprises a range of strategies and principals that are lifeline for the business along with accounts. Moreover, real estate accounting has helped in the growth process and development of profits and has also curbed losses to a great extent. Although, keeping real estate accounting intact is quite a tiresome and time consuming process, and demands lot of expertise on the part of an accountant. However, this sector follows a range of methods to track various details related to accounting services. The details that have to be taken care of by an accountant for real estate accounting include maintenance of accounting books with financial transactions receipts. It additionally keeps a track of ledger books, balance sheets and credited and debited transaction sheets.

Accommodation accounts for around 25 per cent of the average Turkish family’s budget, but can be more in the major cities.

Property prices and rents in Turkey vary considerably depending on the region and city.

For example, a property rented outside a municipality will cost £75.00 a month, and £150.00 a month in most municipalities on the Mediterranean and Aegean coast.

Residents Visas

If you are relocating to Turkey for more than six months then you are well advised to apply to the Turkish Government Office for a residents.

They will issue a document for you to present to the police neared your new home who in return will process the application.

Rent (Kiralik) or buy (Satilik)

If you’re planning to stay in Turkey for a year only then renting is usually the best solution since the costs associated with purchasing a house can be 10 based on the declared price of the property.

Government tax: Approximately £100

Community tax: Approximately £8 paid yearly for local services.

Property tax : Approximately % 0,5 based on the declared value of property, paid yearly.

Water & electricity connection fee: Approximately £250

Earthquake Insurance: Depends on property price and location.(required by law)

If property is bought in a complex: There is an average maintenance charge of approximately £150 – £400 per year

When purchasing property, the buyer will be responsible for paying the water and electricity connection fee.

These guidelines are meant for guidance only and describe straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.