All About Buying Property in Turkey

tag:blogger.com,1999:blog-59062050580103936302024-08-28T16:17:13.309+02:00All About Buying Property in Turkeylatest news about TURKEY'S ECONOMY, the TURKISH PROPERTY MARKET and WHERE'S HOT TO BUY IN TURKEYDIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-5906205058010393630.post-36865816885063426042008-12-31T12:50:00.004+02:002008-12-31T14:05:14.032+02:00New Year, New Investment? The UK's Financial Times on why you should buy in Turkey in 2009

New year, new investment?By Liam Bailey and Nicholas Barnes, published in the Financial TimesPublished: December 27 2008 00:09 | Last updated: December 27 2008 00:09The unravelling of international financial systems and subsequent contagion into the broader world economy has clearly inflicted multiple wounds on residential property markets. Even the luxury end has been hit as high-net-worth

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-33971840431850525142008-11-17T13:37:00.004+02:002008-11-17T13:54:52.271+02:00Turkey gains World Bank funding to upgrade TAPU system

Turkey Partners with World Bank for Modernization of Land Management SystemsWASHINGTON, May 1, 2008 – The World Bank today approved a loan equivalent to US$203 million to the Government of Turkey for the Land Registry and Cadastre Modernization Project. The Project will improve the effectiveness and efficiency of the land registry and cadastre services. "The Project constitutes a next generation

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-21137723973790256662008-07-09T08:47:00.005+02:002008-11-13T14:07:44.010+02:00Bad News for Parador Properties

Parador Properties, one of the most significant overseas estate agencies operating in Turkey, announced yesterday that it will go into voluntary administration.Quay West Communications, Parador's PR company, distributed the announcement to trade and consumer media yesterday, citing the downturn in world property markets as the reason for the company's decision to close its doors.The company is

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-27000478564702904902007-11-05T12:46:00.000+02:002008-11-13T14:07:44.687+02:00Amazing new pictures of Didim's new Marina

These astonishing pictures from Dogusmarina.com.tr, the website of the company constructing Didim D-Marin show for the first time the true scale of the marina, set to transform the entire complexion of Didim and the surrounding area.Doğus Holdings and the civil engineer in charge of the project hope that the marina will be finished 8 months before schedule, in January 2009. According to an

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-11284005808226055502007-10-25T17:08:00.000+02:002007-10-25T17:10:47.523+02:00$250 million investment to build villas in Bodrum

Former İstanbul Chamber of Commerce (İTO) Chairman Mehmet Yıldırım is poised to initiate a grand project in the Aegean tourist resort of Bodrum in southwest Turkey.His company Yıltaş has developed a project to construct a massive tourism complex including around 3,000 luxury villas along with three golf courses. The project is estimated to cost between $200 and $250 million. Yıldırım says he is

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-91461671353337286422007-10-25T13:34:00.000+02:002007-10-25T13:44:55.122+02:00Massive increase in visitors to Turkey, and steady increase in returning Turks

According to a report released by the Turkish Institute of Statistics, Turkey is getting hotter! The number of visitors and returning citizens has seen a sharp increase over the same time last year, signalling a strong upturn in the fortunes of the Turkish tourist industry and indicating a resurgence in Turkey’s appeal to its expatriate citizens.

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-28265623767088258672007-10-05T16:30:00.000+02:002007-10-05T16:45:14.554+02:00Turkey: A Consolidated Fleet - from Oxford Business Group 05/10/07

Turkey's aviation analysts pricked up their ears this week following the announcement by Pegasus Airlines that partnership negotiations with Onur Air - a no-frills competitor - were continuing and should be completed within one month.The two carriers are currently in the process of discussing the prospect of a commercial partnership, a share sale and buy-out options, which could pose a challenge

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-76862598661097857032007-10-04T17:23:00.001+02:002007-10-04T17:25:11.737+02:00Tax Council Focuses on Real Estate Tax Dodgers - from Today's Zaman, 25/09/07

The Tax Council has declared that the average property holding is just 29 square meters per 1,000 residents in Turkey, adding that this amount is really quite low and must be increased at least 10-fold. The council recently prepared an evaluation and research paper, which also assessed real estate income, within the framework of the new income tax code

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-31189237375191869432007-10-04T15:35:00.000+02:002007-10-04T15:36:49.753+02:00Is Turkey the new Spain? from the Sunday Mirror, 16/09/07

SEARCHING for that dream home in the sun but can’t afford Spain? Then why not take a look at Turkey? The country at the eastern end of the Med is becoming increasingly popular with Brits buying abroad, with 17,000 homes now under UK ownership. And with apartments costing as little as £20,000 and the sun shining for more than 300 days of the year, it’s easy to see why. The trend shows no

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-73206634214773387542007-09-08T12:36:00.000+02:002007-09-08T13:31:06.131+02:00Military check fees when buying property in Turkey - Why, and Who Pays?

We at Dizayn Homes thought it would be useful to talk about Title Deeds Checks, an important part of the procedure for all foreigners buying property in Turkey.Famously, it can take many months, and for some people even years, to hear that their TAPU (title deeds) are ready to be transferred into their name after buying their Turkish property. What does this mean and why does it take so long?

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-66671208599816053532007-08-02T14:48:00.000+02:002007-08-02T14:52:24.557+02:00Foreign investors keep eye on Turkish real estate

(From Todays' Zaman 31.07.07)The stability in Turkey's economy and high growth rates in recent years have attracted foreign interest in Turkey's real estate market.Foreign investors choose Turkey as one of the best countries to invest in because of its potential to gain value. Foreigners invested $6.2 billion within the last year in real estate in Turkey, and around $3.1 billion of this was spent

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-14199816832714501772007-04-07T12:39:00.000+02:002008-11-13T14:07:44.973+02:00More Foreigners Buying in Turkey

Some informative statistics from my favourite source again. Completed real estate sales to foreigners went up by an amazing 59% in 2006 on the year before, to a total $2.9 billion! Which is a lot of apartments, whatever way you look at it (I'm half english & half american so 1 billion to me is either 9 zeros or 12... how confusing....).88% of foreign-owned property is located in 10 cities,

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-30172694220671619062007-04-07T12:37:00.000+02:002008-11-13T14:07:45.164+02:00Turkish Property Tax Evasion

There is a warning causing anxiety among Akbuk property buyers that I have been hearing frequently - that the Turkish government intends to crack down on property tax evasion and are out to get you! This is becoming an increasing issue as property prices rise, particularly in areas with a lot of foreign buyers. But the burden of suspicion here is NOT falling on foreign property buyers -

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-23200284722060397642007-04-07T10:49:00.000+02:002007-04-07T12:36:57.807+02:00Turkey further expedites foreign property sales

According to Today's Zaman (my favourite source for news about Turkey), the security check process that until now has delayed property purchases by foreigners for as much as 12 months is soon to be speeded up. The Turkish Land Registry now has greater access to the information, kept by the Turkish Defense Ministry, about what property is militarily sensitive and thus can't be bought by

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-90360538545297846832007-04-06T18:21:00.000+02:002008-11-13T14:07:45.345+02:00HSBC Comes to Turkey - And Offers Mortgages for International Property Buyers

As if prices of property in Turkey weren't reasonable enough, now there is an extra reason for taking the plunge. Until this year it was impossible to get a mortgage for a property in Turkey, no matter whether the property buyer was Turkish or otherwise.But now HSBC, among other banks, is offering a straightforward mortgage system for foreigners and Turkish property buyers alike.HSBC's service is

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-87983262858518261482007-02-06T13:14:00.000+02:002008-11-13T14:07:45.717+02:00Minister for Tourism says the future is Spa....

Atilla Koc, Turkey's Minister for Culture and Tourism, has identified Thermal Tourism as a key part of the strategy to increase Turkey's tourist appeal. Turkey has the 7th highest number of thermal resources of any country in the world but currently only 1% of visitors per year come to indulge.Extensive investment is taking place to make the most of this rich and desirable resource, with

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-84229920775915315442007-01-29T14:52:00.000+02:002007-01-29T16:09:16.093+02:00The true costs of buying, owning and using property in Turkey

The BBC and the Guardian aren't the only publications talking about buying property in Turkey - the Telegraph from 13th January 2007 also has an interesting article about buying property in Turkey - Turkey's "New" Era Enticing Foreign Buyers. At the end of the article is a piece on the costs of buying and owning property in Turkey, with the information provided by one of the largest international

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-68372032854805009492007-01-29T12:18:00.000+02:002008-11-13T14:07:45.852+02:00Why are so many Britons moving to Didim?

According to a report by the Institute for Public Policy Research published in December 2006, an astounding 38,000 Britons now live in Turkey for at least part of each year and 34,000 full time.Britons are coming to Turkey seeking a better way of life whether that be a sunnier climate, cheaper cost of living, healthier lifestyle, friendly neighbours or just to get their foot on the property

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-23364026121670484752007-01-18T13:47:00.000+02:002008-11-13T14:07:46.072+02:00Turk's Eye View - Today's Zaman launched

As the process of acceding Turkey to the EU continues, a third locally-published English language newspaper joins the voices speaking out from Turkey. On Tuesday the first edition of Today's Zaman launched, following a high profile launch event attended by the Turkish Prime Minister Recep Tayyip Erdogan and Foreign Minister Abdullah Gul as well as a number of international attendees including US

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-48154419574640658122007-01-12T12:01:00.000+02:002008-11-13T14:07:46.255+02:00Buying Property in Turkey - By Popular Demand: New Turkish Dictionary Feature!

What's a tapu? How do I ask for a lawyer in Turkey? Does satilik mean that property is for sale, or for rent? What does an emlak do? What's the word for Property Tax?Buying property in Turkey can be done without any knowledge of the language at all. You can use a good English-speaking agent and a government-authorised translator for the legal bits, and complete the whole transaction without even

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-47135166209932783172006-12-02T11:19:00.000+02:002008-11-13T14:07:46.626+02:00Furnishing your home in Turkey becomes even easier and cheaper!

Buyers of property in Turkey are sometimes daunted by having to furnish their new property from the roof downwards - after all, these days even new couples moving into their first home together usually have the odd wardrobe, set of cutlery or at least an ironing board to start them off.And of course, trying to find a sink plunger when you can't find the right word in your phrase book, or knowing

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-36533721070322606792006-12-01T14:42:00.000+02:002006-12-01T16:36:47.843+02:00Why Invest in Turkish Property? Quotes from the experts

"Turkey today is among the twenty largest economies in the world with a GNP of about 380 billion US Dollars. ""Turkey will meet the Maastricht Criteria even before becoming a full member of the EU. It is estimated that in the next decade, Turkey will become the sixth largest economy in Europe, with a total GDP of over 800 billion Euros.""Bilateral trade between Turkey and EU countries is fast

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.comtag:blogger.com,1999:blog-5906205058010393630.post-77230286974148794672006-12-01T12:57:00.000+02:002008-11-13T14:07:46.779+02:00**UPDATED FLASH MESSAGE FROM THE BRITISH EMBASSY IN ANKARA**

"We can now confirm that the law relating to the purchase of property by foreigners in Turkey was ratified by Turkish Parliament on 7 January 2006 and is now in force." Official website of the British Embassy in Ankara, advice for Britons seeking to purchase property in TurkeyThis long-awaited law, ratified at the beginning of 2006, finally standardised the rules affecting Britons, Americans

DIZAYN HOMEShttp://www.blogger.com/profile/06747721429175594443noreply@blogger.com