Istanbul remains the best-seller when it comes to foreigners investing in property on a month-on-month basis. July saw a 66 percent upswing in foreign buyers completing deals across Turkey, the country's biggest city by population remains at the pinnacle. Meanwhile, August property sales saw foreigners snap up 1,684 units in Turkey, with Iraqis, Saudis, Kuwaitis and Russians the most nationalities among the top five buyers. Again, Istanbul was the most popular, but which of its suburbs are … [Read more...]
Turkey’s most popular expat areas
Turkey is becoming a major hub for investors from the Europe and the Middle East, thanks to low property prices, wonderful locations and a welcoming society. But savvy investors are also wise to the fact that where other expats have settled, there is likely to be a better chance of relocating smoothly and fitting into the lifestyle, as well as snapping up property that could serve as rental generators. For those that like to research locations of properties and where most foreign … [Read more...]
Short-term renting in Turkey? Get a manager!
In short: those that rent their properties on a daily or weekly basis must register them with the local police of Gendarme. Failure is a 10,000TL fine! At EV Villas & Apartments - the sister company of TAM Property Management - we have all the experience necessary to guide you through the maze of rental laws. Here's a quick recap of how they could affect you: New law Turkey has suffered terrorist and criminal attacks over the last two years. Due to the heightened state of global … [Read more...]
7 Reasons to Use a Property Manager in Turkey
7 reasons to use a property manager in Turkey Bought a property in Turkey and unsure what to do next? For most owners who have second homes here, they will only use them at maximum four weeks in a year. So what happens for the other 48 weeks. Would you leave your property completely shut up until you come round next time? The best option is to get a professional vacation rental and property manager, such as TAM and its sister company EV Villas & Apartments, as they will be able to … [Read more...]
Renting in the Istanbul suburbs
Through TAM's rental and letting management, their specially trained staff will be able to find you some of the best places to stay at affordable places if you are looking to stay short or long-term in these sought after suburbs. TAM would also like to make contact with foreign owners in Beylikduzu and Esenyurt who are looking for a professional company to let and manage their properties. Beylikdüzü Beylikdüzü is recognised as one of the most cosmopolitan suburbs of the metropolis, … [Read more...]
Middle East boosts property sales in Turkey
At TAM, we see many Middle Eastern clients and their response is simple. Woo factor As a cosmopolitan country with European intentions, but still a Muslim country, the offer of a great deal on property and the woo factor, are pretty complete. We find that GEC investors are exacting and want the very best in property standards. Hence the likes of Istanbul, the property darling of the Turkish real estate, and the likes of Antalya and even Izmir, offer great locations , great deals and, … [Read more...]
