Category: PROPERTY
Top 10 overseas property destinations
Malta teased its way into the Top 10 overseas property destinations last month, reveals TheMoveChannel.com’s Top of the Props. The tiny islands accounted for 2.59 per cent of enquiries on the overseas portal in April, enough to climb four places in the international chart and become the eighth most popular place in the world for [...]
Property purchase for foreigners 1
Topics related to the purchasing of property are always interesting as we people love to own things. Everybody wants to have property — not just one, but as many as possible. Immovable property is usually at the top of our wish list. The desire to own real estate comes with the feeling of making a good [...]
Buyers of Turkish property
Recent findings have shown that around 1 in 6 Turkish properties sold to foreign buyers were bought by Brits in the last two months. The Land Registry Directorate General’s most recent statics highlight that 113,687 properties across Turkey are now owned by foreigners, an increase of 2,487 property sales made on September’s 111,200 figures. Further [...]
Commerce has identified Turkey
The US Department of Commerce has identified Turkey as one of the ten most promising emerging economies, and a recent World Bank study also declared Turkey one of the ten countries most likely to enter the top tier of the world economy. The Turkish economy has shown remarkable performance with its steady growth over the [...]
Noisy neighbors in Turkey
You arrive home after a tiring day, close your eyes and try to get some rest after making it through all that traffic. You are at your quiet, peaceful home and just starting to relax when you hear the sounds of those noisy neighbors. The situation will get worse if the noise continues throughout the [...]
Maintenance fees, non delivered tapu
“Hi, we live on a small communal area which consists of six villas, no pool but has a garden, etc. My husband manages the upkeep of the garden and any maintenance [of walls, pump, etc., and gardener fees]. Five villas pay their TL 25 per month for this but one has not paid for five [...]
Purchase property in Turkey
Today I would like to go to my inbox and respond to a question about property purchase and company establishment. Here is the question: “Dear Sir, I am a British citizen and would appreciate some advice on what areas in Turkey foreigners can legally purchase property or land. Previously the understanding was that foreigners can [...]
Bought half of an apartment
We have returned to the best time of the year, as this coming couple of weeks is erguvan season in Istanbul. I strongly recommend you take some time off after work or travel to enjoy the fantastic view of erguvan blossoms along the Bosporus. You can go sightseeing around ?stanbul to see the violet trees [...]
Joint ownership of a property
Living in Beyoglu is nice but noisy. It has its own flavor, and not everyone feels happy about the offerings of Beyoglu. I received an email from a reader who is disturbed by the violence from a bar in Beyoglu. The letter reads as follows: “Your columns dealing with legal issues are always helpful. It [...]
Against collection process
The collection process is already very complicated, even for lawyers, and a Turkish citizen who is not a lawyer would have no idea about the process. If you are involved in a collections process and you don’t have a good lawyer who really takes care of his clients, then you are in trouble. Even if [...]
Turkish tax procedural law
Declaring a lower purchase price and registering the property at less than its real and actual purchase price, although tempting because both parties will pay less in sale/purchase tax, does carry a significant risk. In the case of declaring a lower sales price, the return on a sale will be higher and, thus, the buyer [...]
Property Tax Regulation
As you know about this have written about a form of tax evasion committed by declaring a lower price when purchasing a property in Turkey. The title deed transfer fee is determined according to sales price and, generally, it is a fact that some investors understate the purchase price to pay title deed costs at [...]
Buy and rent at a good price
As we say in Turkish, “Malın var mı derdin var” (If you have property, then you’ve got a problem). Like any other investment, property investment is also subject to regulations, and an investor should consider several factors when investing. A property investment is not always a “buy and sell at a good profit” or “buy [...]
Most successful property investment
Voted Europe’s number 1 city for property by Price Waterhouse Coopers, Istanbul was one of the most active and prosperous global property markets in 2010. And with the latest official data revealing a 28.5% increase in tourist arrivals this January, all eyes remain fixed on the city where east meets west in 2011. According to [...]
Living in Turkey
“Living in Turkey, is considerably cheaper than in the UK particularly now that the austerity measures are beginning to bite”, says Suleyman Akbay, Director at Oceanwide Properties. Suleyman should know; he has offices in central London, Hampshire and Turkey so is fully aux fait with the cost of living in both countries. Continued Suleyman,” The [...]
