Property buying in Turkey stays strongForeign investors are still bucking the trend and focusing on snapping up a diverse property portfolio across Turkey despite the recent troubles afflicting the country.Latest figures suggest house sales to foreigners – rather than stalling or tailing off – are still growing at a healthy rate. Property buying in Turkey grew by over 32 per cent in June compared to last year’s rates.Why’s that? And how do you overcome the preconceptions that you should sit on … [Read more...]
Turkey Property Buyers – Beware Of Income Tax Deadlines
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...]
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...]
