As with any country, Turkey has its own rules on taxation and how much income investors are allowed to hang onto from their investment. “This is where reality often sets in for overseas investors.” says Ilker Kara, Head of TAM . TAM is a Turkey-based property management company with more than a decade of experience handling the administration elements that go with any investment in Turkey property including taxation which can catch out unwary buyers. “There are plenty of outstanding investment … [Read more...]
How To Rent Out Property In Turkey
So how do you join the growing number of investors renting out property in Turkey?How much rent can you expect to receive?These are just some of the questions we hear from investors so here is some advice we have put together to guide you through. … [Read more...]
Buying Property In Turkey – How To Get A Mortgage
Whether you are looking to invest in a holiday home in Turkey or considering an investment purchase in Istanbul, getting a mortgage in Turkey is not such a daunting prospect as you might imagine. If you are looking to leverage your property investment, it is perfectly possible for foreigners investors to raise a mortgage in Turkey and at reasonable rates. While properties are still exceptionally cheap compared to comparable locations in Western Europe, getting a mortgage to buy property in … [Read more...]
Turkish Banks Now Offer Mortgages To Foreigners
EditThe required documents in order to apply for a mortgage loan in Turkey are:Title deed for condominium ownership or for right of easement on individual section, of the house to be purchasedPhotocopy of passport or residence permit or an invoice containing the current address of the relevant person abroadOfficial tax declaration regarding the previous year, to be taken from the country where the client residesLatest quarterly pay roll signed by the employer abroad (for working persons) or … [Read more...]
The Importance of Property Insurance
TAM suggests and offers clients to have property insurance at very reasonable prices so that landlords can avoid any possible harms that could happen to their property. Property insurance provides financial protection in the event that your home or its contents are damaged. It also provides protection if a third party got injured or damaged because of any action happened in the property. It's also required by most mortgage lenders. There are different types of insurance policies that cover … [Read more...]
6 Reasons To Conduct A Site Survey Before Buying Turkey Property
If you plan to buy a property in Turkey, it is worth organising a site survey so that you can find out what the status of your property is. This will give you the information you need to protect yourself from any legal implications that could trip you up further down the line or result in your property being demolished.1. To discover who actually owns the property or the land This is one of the most important things to consider before signing on the dotted line. You or a Turkish native … [Read more...]
