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...]
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...]
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...]
