I own a flat in istanbul in an area that is central but still mainly residential. The tapu [land deed] is of the type where we own shares in the whole building rather than separate titles to our flats. Last year the owner of the shop on the ground floor of our building converted it [...]
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 [...]
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 [...]
The demand is rising on. Property in Turkey has been our subject of interest. The worldwide audience has also been making similar kind of reactions everywhere around. Overseas investors always keep on working at options to attract new markets and earn huge profit. Real estate market has bigger interests to protect as foreign investment can [...]
Buying in Turkey or want to invest in Turkey? As 2010 draws to a close, attentions are turning to the best locations to invest in property in 2011. The last year has been one of mixed fortunes with traditional second home destinations such as Spain, Italy and Greece still feeling the harsh effects of the [...]
Free zones under Turkish law. Free zones are special sites considered outside the customs area, although they are within the political and administrative borders of a country. These zones are designed to increase the number of export-focused investments. Legal and administrative regulations in the commercial, financial and economic fields applicable within the customs area are either [...]
Turkey has swept up the highly prestigious accolade of the Condé Nast Traveller’s favourite country in the destination category at the 12th Annual Readers’ Travel Awards on Wednesday night. This is the first time that Turkey has won the award and it goes to show how the country has catapulted into the lime light for [...]
In the normal world, people trust the other party when making a contract. In the past, Turkey was a place where you could make a hand shake deal with confidence. There are still some people who count on handshake deals, while there are other people who even trust a written agreement. But what would you [...]
British people has never stop buying in Turkey and latest figure shows how property market is expanding in Turkey. According to the latest data released by the Turkish General Directorate of Land Registry, demand for Turkish property is not showing any signs of slowing with a record 32,000 Britons now owning property in the country [...]
Today I’ll go through my inbox and respond to some questions. The first question concerns Turkish property law and family law together. The email reads as follows; “Dear Berk, I am English and I have had Turkish nationality through marriage for the last 14 years. I own a villa in Turkey which we currently live [...]
Turkey’s economy and real estate sector, though affected by the global economic slowdown, have held up well compared to others in Europe thanks in part to strong local demand and low exposure to international credit markets. The country’s solid economic performance was confirmed by a recent upgrade of its credit rating by Standard & Poor, [...]
Turkey has always been good value for money, but these days, it has more to offer the British second-homeowner, and the top end of the market is blossoming. White-washed stucco houses, with infinity pools, hammams and citrus gardens, are springing up in areas such as Göcek, Kalkan and the Bodrum Peninsula and they sell for [...]
Istanbul, the city poised at a juncture where the security of the west meets the promise of the east, is tipped to be the property hotspot within Turkey in 2010 according to international property experts at Experience International. And this insight has been echoed in the latest Emerging Trends in Real Estate Europe Report released [...]
For property investors looking to put their money into the Mediterranean, Turkey is a cheaper alternative, an expert has said. Paul Collins, BuyAssociation’s property editor, made his comments while predicting a growth in popularity for the country over the next year. “The prices are rising, so people are well advised to get in before it [...]
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Gumbet located at 2-3 km distance from Bodrum, Sınce the swimming possibilities are very limited in Bodrum, many people prefer nearby Gumbet. Gumbet recently became very popular resort. The town is named after numerous white-domed cisterns in the area. Gumbet, which offers one of the longest and most popular beaches on the peninsula, is also [...]
