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...]
How To Avoid A Turkey Property Scam
This case highlights the need for overseas investors to be on their guard when it comes to investing large sums of money for property in Turkey. This recent case involved a number of supposedly lucrative investments in Bodrum where the unfortunate individuals were sold the idea that they could invest in the popular Turkish resort for as little as £38,000 a property for a high return. Hayley Brown, the British fraudster was able to con her victims by convincing them to part with money which she … [Read more...]
Have You Filed Your Turkey Tax Return?
The deadline for filing income tax in Turkey is the 25th March, which means investors will have little time to prepare their income and expenses from renting out property in Turkey. The rules also apply to income made from letting out holiday homes according to advice from TAM Property Management. Non Turkish nationals are subject to a number of property related taxes depending on individual circumstances, just the same as in the UK and other countries and these will need to be taken into … [Read more...]
How Much Money Can You Bring Into Turkey?
The good news is that there are no limits on the amount of money you can bring into Turkey. Even if you want to bring a suitcase full into Turkey, this will be no problem - as long as you look after it of course!The only requirement if you arrive from a country outside of the EU with 10,000 euros in your suitcase is to sign a declaration form when you arrive at customs. All you need to do is complete the form at the HR Revenue & Customs.]]> … [Read more...]
The Ins and Outs Of Investing In Istanbul Property
Title: The Hidden Cost Of Managing A Property In Turkey Sub heading: According to the most recent global house price report from Knight Frank, Turkey has seen property prices rise by more than 12%. This, combined with strong rental yields and a loosening of restrictions on foreign ownership has seen Turkey’s popularity grow as a second home destination. However, according to Istanbul based property management company, tampm.org, investors are often being caught out by the hidden costs of … [Read more...]
