With scores of foreign property buyers considering Turkish citizenship after the government slashed the costs of the criteria, we have put together a useful step-by-step guide for those thinking of applying. What's happened? Back in September 2018, the Turkish government reduced the qualifying criteria for a real estate investment from $1 million to $250,000. This has resulted in nearly 300 investors, mostly from the Middle East, applying for Turkish citizenship, and enabling more than … [Read more...]
Where are foreigners buying in Istanbul in 2020?
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...]
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...]
Turkey: A Rough Guide
Location, location, location: When you come to stay in Turkey, the opportunities really are endless in picking the best location for a safe, secure and friendly stop. Here are TAM's top four locations: Istanbul If you are into shopping, culture, history and entertainment, then Istanbul, Turkey's tourist heartbeat will offer even the most discerning tourist the best there is. From museums, art galleries, major shopping centres, the Bosphorus River, historic attractions, such as the Blue … [Read more...]
Winter prepping your rental in Turkey
Here at TAM we have drawn up some useful tips to get your rental unit - be it a villa or an apartment - winter ready. But if it proves to overwhelming TAM is always on hand to help manage it. DampOne of the biggest blights on a property that has been shut up for the winter without any air circulation is the presence of damp. It can climb the walls, get under the paintwork and, in some extremes, begin to form mould. So getting it damp-free for the winter ahead is a key consideration. If … [Read more...]
