Turkish Property & Turkey Mortgages

Turkish Property. Protecting your investment

2011-04-30T01:37:00.000-07:00

Many people have a dream to buy a home in the sun whether it is to use as a holiday home, for future relocation or purely as an investment. The attractive prices of Turkish Property for sale make it an ideal investment however how do you protect your investment from going badly wrong?

There are many stories on the world-wide web of people who have lost their life savings or the actual property itself. They have lost it for a number of reasons however as a buyer you should makes sure your first aim is protecting your investment to ensure this does not happen to you. So what procedures are in place to protect the buyer when purchasing Turkish Property?

If you are buying off plan then your payment plan should be staged to reflect the building status. Paying 50% of the price of the property when the foundations are only laid is not ideal. You should consulate with the particular agent or builder as to the starting date of construction and the finishing date, then come to an agreement for payment at specific stages.

At each specific stage try to view the construction or insist on photographs before handing over the money. When handing over the payment for each stage insist on a bank bond from the builder. These are free and will only cost money should you instruct a solicitor to make them active. In this case you would use only the bank bonds to apply for your money back because the builder has not given you a property that you can take possession over.

If you are buying a new or resale property then you can ask the seller to sign an Ipotec. This costs roughly 1% of the property price and the buyer has to pay for it. It puts a block on the tapu that will stop the seller from selling the property to someone else or taking a loan out on it. If for any reason the seller refuses an Ipotec then it would be wise to walk away as the seller, if honest has nothing to lose by doing it

Another option is to look into the requirements for a mortgage. Many mortgage companies will not hand over the money until the Tapu ( title deeds ) have been received. The mortgage companies will also assess the property to ensure that you receive what you are paying for. Generally mortgages tend not to be available on off plan properties and sometimes the owner is looking for a quick sale so will not accept mortgage payments.

Protecting your investment will take research and time however this option is better than losing your life savings and ending up with no property at all.

Turkey Property towards the end of 2010

2011-03-02T23:07:00.000-08:00

Affordable property prices, low living costs and easy access from the UK are believed to have contributed to the dramatic rise in British property owners in Turkey in the past few years. Steven Worboys, managing director of Experience International, the overseas property investment specialists, commented: "We have certainly seen the Turkish property market go from strength to strength. Overall, the number of foreign property buyers has increased by nearly 30%, from 73,000 in 2008 to 104,000 today with the British market accounting for the largest group of buyers." According to data released by the Turkish General Directorate of Land Registry, over 63 million square metres of property in Turkey is now owned by foreigners. Britons possess the largest amount, at 6 million square metres, followed by the Germans, who own 3.5 million square metres, and the Greeks with 3 million square metres. The province of Muğla, on the Aegean coast, is particularly popular, with almost 5.5 million square metres owned by foreign nationals. Mr Worboys said that the area, home to towns such as Bodrum, Marmaris and Fethiye, encapsulated “everything that foreign buyers desire" from a holiday residence, from sandy beaches to nearby international airports. Turkey’s location outside the euro zone means that many property prices are fixed in sterling, and 70% LTV mortgages are increasingly available for foreign buyers. Low-cost airline Monarch announced this year that they were increasing the number of flights to the country. Ayse Ozcan, of Acacia International Lawyers, said that there were many good value properties to be found in Turkey, but that buyers should seek legal advice before purchasing a property. “It’s amazing how many people go to Turkey and just sign a contract without doing any research into the seller or developer,” she said. “Potential buyers should make sure they hire a professional conveyancing lawyer to look into the property, and they should also make sure to find an independent one. “There is a definite trend in Turkey for agents or developers to introduce clients to a lawyer, which is unsafe – if something goes wrong, that lawyer will not be on the client’s side.” She added that it was also wise to avoid off plan properties. “People think off plan properties are a bargain but if the house is already finished, you’re in a much safer position.”

Turkey Properties For Sale Apartments Villas Bodrum Gumusluk

2009-06-23T11:08:00.009-07:00

Choice of completed apartments and villas with high rental potential
The resort is built in one of the premium locations in Bodrum Gumusluk and all these Turkey properties for sale enjoy excellent sea views and sunsets.
There is a choice of units ranging from 1-bed apartments to 3-bed duplex villas. The properties are completed and ready to move in...............

Read More...

[Source: Turkey Real Estate]

Marina Real Estate Mordogan Izmir Villa By New Marina Ideal Boat Property

2009-06-23T11:08:00.005-07:00

This attractive 3+1 bed end terrace villa is in front of the new marina in Mordogan with green belt land to the side.
Newly decorated this year and ready to move in .
There is a good-sized veranda in front and to the side of the house.
On the ground floor, there is .........

Read More...

[Source: Turkey Real Estate]

Apartment In Marmaris Turkey

2009-06-23T11:08:00.003-07:00

A fantastic third floor two bedroom apartment in excellent condition just 5-10 minutes walk from the beach and all the shops and restaurants along the main beach road.
This Marmaris Turkey property comprises a good sized living room and .........

Read More...

[Source: Turkey Real Estate]

Turkey Villa With Land

2009-06-23T11:08:00.001-07:00

3 Bed Detached Turkey villa with garden and land for sale in Mordogan.
This superb detached villa in Turkey has an additional plot of land with its own deed and building permit for an additional property if required...........
The location

Read More...

[Source: Turkey Real Estate]

Villa Dalyan Turkey

2009-06-23T11:07:00.035-07:00

Very spacious detached villa for sale in Turkey within 5 minutes walk of the Dalyan town centre.
Set in 500sqm gardens this 190sqm Dalyan villa has been well designed and is set up for all year round living with both airconditioning and central heating.
A covered porchway with room for coats, shoes etc leads....

Read More...

[Source: Turkey Real Estate]

Turkey Detached Villa Izmir 5 Bed Villa Mordogan Izmir

2009-06-23T11:07:00.029-07:00

Large detached 4 + 1 bed villa with good-sized garden in the centre of Mordogan and close to all amenities including shops and restaurants.
On the ground floor, there is a large living room with French doors opening to an extended veranda/patio, which is perfect for alfresco dining. There is a kitchen area (left for buyer�s choice of fitted kitchen as well as the bathrooms). There is also a cloakroom in the ............

Read More...

[Source: Turkey Real Estate]

Turkish Cottage Holiday Let Vacation Rental Investment

2009-06-23T11:07:00.025-07:00

Lovely two bedroomed Turkish cottage with plenty of privacy on small complex of three villas. Ideal for holiday let vacation rental
Exterior Features
The cottage is on a quiet dead end road in the more Turkish part of town known as Osmanagalar. The street is characterised by the wide distance between ..........

Read More...

[Source: Turkey Real Estate]

Hotel For Sale Turkey Dalyan

2009-06-23T11:07:00.021-07:00

This Dalyan Turkey hotel is set in 332sqm gardens and is within 2 minutes walk of the centre.
There are 20 rooms offering a total of 48 beds.
All rooms are ensuite with private balconies and are airconditioned.
All rooms are fully furnished and ready for rentals.
Facilities include a restaurant seating 50, a small bar and a ..

Read More...

[Source: Turkey Real Estate]

Dalyan Apartment For Sale

2009-06-23T11:07:00.019-07:00

This two bedroomed 80 sqm apartment is located just 5 minutes walk from the centre of Dalyan. Four apartments share the pool and gardens and have lovely mountain views.
The generous sized (11ft 10in x 22ft 6in) salon/kitchen has a door leading to a balcony (6ft 6in x 6ft 6in) at the front of the property.
The ...........

Read More...

[Source: Turkey Real Estate]

Kusadasi Villa 4 Bed Central Kusadasi Villa Sea Views

2009-06-23T11:07:00.017-07:00

A 4-bedroom villa near the Kusadasi centrum, Kusadasi castle and Snake island.
Excellent, unobstructable sea views, 2 min. walk to beach and beach clubs, 5 min. walk to harbour.
The villa has a large lounge with ........

Read More...

[Source: Turkey Real Estate]

Property Tuzla Lake Views Apartment Close To Golf

2009-06-23T11:07:00.009-07:00

A fully furnished, airconditioned and equipped 2 bed apartment property on the Lakeside Garden Resort in Tuzla Bodrum.
The apartment has an enclosed area of 71 sqm and balconies of 14 sqm. It has a living room with open plan kitchen (breakfast bar), 1 double ....................

Read More...

[Source: Turkey Real Estate]

Apartment Dalyan 2 Bed

2009-06-23T11:07:00.007-07:00

This first floor, 135sqm apartment has wonderful views of the orchards behind it.
The accommodation consists of a large lounge with dual aspect windows and access to a balcony, a very spacious, well fitted kitchen with light wood units and airconditioned dining area, again with access to a balcony and two double bedrooms, both with balconies.
There ......

Read More...

[Source: Turkey Real Estate]

Cheap Property In Turkey Terraced Villa Mordogan New Marina

2009-06-23T11:06:00.013-07:00

This 2 bed home is handy for all amenities in the centre of Mordogan and in front of the new marina with the nearest beach only two minutes walk.
The house has two entrances; the front, with a veranda, overlooks the marina whilst the rear has a ..............

Read More...

[Source: Turkey Real Estate]

Dalyan Apartment For Sale

2009-06-23T11:06:00.011-07:00

Set in a well kept small complex of only four apartments and located just 60m from Dalyan�s main bar and restaurant area, this apartment is still in a very residential area.
The apartment building is in very good order having been entirely refurbished in 2002 and this Dalyan property also benefits from being sold fully furnished. The first ...

Read More...

[Source: Turkey Real Estate]

Dalyan Real Estate

2009-06-23T11:06:00.009-07:00

This two bedroomed villa is set on a small real estate complex in Dalyan of just three homes sharing a large pool.
The villa is located in a quiet residential area with beautiful mountain views just 10 minutes walk from the centre. The property is being sold fully furnished and ........

Read More...

[Source: Turkey Real Estate]

Kusadasi Property Kusadasi Villa 4 Bed Furnished Villa

2009-06-23T11:06:00.005-07:00

A spacious villa property at Kustur Beach, Kusadasi, with a huge patio with BBQ, 4 bedrooms, 2 bathrooms, balconies and a roof balcony with another BBQ.
The living room and 3 bedrooms have air conditioning, there is a fireplace in the lounge, the kitchen is off the lounge and has a breakfast area.
The house is fully furnished .
It has a high rental potential due to .........

Read More...

[Source: Turkey Real Estate]

Large Turkish Property Ortaca

2009-06-23T11:06:00.003-07:00

Very spacious 2 bedroomed bungalow for sale on outskirts of Ortaca.
Imagine coming home and feeling that you are sitting on the edge of an aviary, that's the amazing sound on the veranda of this villa. Looking around you at fields and farmland with mountains off in the distance and songbirds playing on the mature trees that shade you.
This exceptional bungalow is set in a large 4500sqm plot of land on a private road, giving an amazing sense of peace and tranquility.
Every element of this .......

Read More...

[Source: Turkey Real Estate]

Rebuilt Stone Greek House In Turkey Catalkoya Mordogan Karaburun

2009-04-07T07:59:00.011-07:00

This is a rare opportunity to own a fully rebuilt Greek stone house in the little village of Catalkoya overlooking Mordogan on the Karaburun Peninsula in Turkey.
This duplex house with a living area of 1000 square feet has been beautifully rebuilt to its original style with original stone used for the external walls. The use of dark wood and the wooden window shutters adds to the overall attractiveness of the house.
Internally the authentic style has ............

Read More...

[Source: Turkey Real Estate]

Apart Hotel For Sale In Central Dalyan

2009-04-07T07:59:00.009-07:00

The hotel has twelve rooms and is situated witin a 10 minute walk of the centre. All rooms are airconditioned and have balconies. The apartments are equipped with a mini bar, kitchen with electric oven and water heater. There is one bedroom, bathroom and salon.
The hotel has ...............

Read More...

[Source: Turkey Real Estate]

Karaburun Villa for Sale

2009-04-07T07:59:00.007-07:00

This comfortable 2 bed Karaburun villa is 15 minutes walk away from the beach, with sea and mountain views from each floor. It has a small garden and parking space in front. The first floor has a bedroom, lounge, bathroom, kitchen and large terrace. The second floor has a large attic room/bedroom. The floors are tiled; the villa has double glazing and air conditioning in the lounge. All ...........

Read More...

[Source: Turkey Real Estate]

Mordogan Turkey Property Town House For Sale

2009-03-24T13:13:00.003-07:00

This 2 bed town house property may need a little TLC but is only 2 minutes walk from the centre of Mordogan in Izmir, Turkey, in a tranquil position with views over a small valley leading to the sea.
It has been built on two separate floors but the ground floor can be extended and an internal stairway installed to create a full duplex villa with garden.
At ............

Read More...

[Source: Turkey Real Estate]

Marmaris Apartment For Sale

2009-03-19T10:04:00.007-07:00

A superb two bedroom apartment in an excellent position, both close to the sea as well as transport to take you into Marmaris centre.
Comprising a decent sized lounge with open plan kitchen, two bedrooms and a good sized family bathroom.
The property ...

Read More...

[Source: Turkey Real Estate]

Kusadasi Hillside Property 3 Bed Furnished Villa With Sea Views

2009-03-19T10:04:00.005-07:00

A 3 bedroom semi-detached villa on a small complex of only 16 villas sharing a communal pool is for sale fully furnished.
The villa has been completed in 2004, and is offering a lounge, open plan kitchen with a breakfast bar and all appliances, a .............

Read More...

[Source: Turkey Real Estate]