Buying Property in Turkey is a Priority For Investors

0 Comments

If you’re thinking of an overseas property investment, buying property in Turkey is an attractive option. In recent years Turkey has become a firm favourite with British holiday makers as there are direct flights between the two countries. The beaches are sandy, and both the weather and the Turkish people are warm and welcoming. Turkish food is renown throughout the world, such as kebabs and yogurt. Yogurt accompanies the majority of Turkish meat dishes and in fact the English word for yogurt is derived from the Turkish word yogurt.

With the increase in the number of tourists coming to the city, there has also been a growth in the number of resorts and lodges for the tourists. Property developers are buying properties across the country at incredibly low prices and renovating them into high standard guest houses, tourist resorts and lodges. As a result of all the activities there has been an increase in the overall capital input of the country.

The country of Turkey is located in the south east of Europe and straddles Europe and Asia with a vast and extensive coast line, especially in the south western corner of the country. Popular areas with property investors are Istanbul, the Aegean coast, and the Mediterranean coast. Istanbul is proving particularly popular with investors as there are many buy-to-let opportunities due to the large population and a demand in housing. These areas have a number of properties that are available in affordable price ranges. On average a one-bedroom apartment is £25,000, a two bedroom apartment is £50,000 and villas are from £90,000. Overseas mortgage brokers are reporting nearly 150% increase in enquiries about buying property in Turkey, whereas enquiries for Spain has fallen by about 30%.

Property prices in Turkey rose about 18% in 2007 after a change in the country’s mortgage laws made finance available to overseas buyers, which means Turkey is turning out to be a major lucrative venture for today’s property investors.

When it comes to buying property, Turkey requires foreign buyers to have a 25% deposit, except if the British investor living in the UK at the time of applying for a mortgage is applying for the loan in Euros. Then the investor may be able to borrow up to 100% of the property value.   property turkey It is quirks in Turkish law that can lead to confusion for many property investors, therefore legal advice should always be sought before any contract on a property is signed.

Once the sale and purchase conditions are agreed with the owner a verbal agreement is made. You will then need to sign a reservation fee (about £2000) and it is advisable to ask for a copy of the Title Deeds and check whether the deeds belong to the property. You will then need to check that all licenses and official permits for the property has been properly obtained, that there are no over-due taxes to the Tax Office or debts to the utility companies owed by the current owner. To assist with the purchase you will need to register with the local tax office and open a bank account. A preliminary contract is then drawn up which commits you to the purchase and then the deposit is paid. When budgeting for buying property in Turkey, allow an extra 10%of the purchase price for associated fees, such as estate agents fees, stamp duty and legal fees.

Buying property in Turkey is reaping rewards for many property investors and with the demand for buy-to-let properties in the cities; many property investors are seeing a healthy return on their investments.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Accounts Seller

Facebook Marketing

Online Rating & Reviews

Boost Instagram Marketing

Boost Youtube Marketing

Story Fiesta Website

카지노사이트
먹튀사이트
daftar poker88
slot-deposit 5000
Daftar Joker123
成立香港公司
송파출자마사지
togel online
IGET Bar
bimabet
mpo
bodyguard services London
Asia99 Slot
成立香港公司
rtp slot online
daftar sbobet
좋은느낌카지노
pengeluaran hk
rtp slot
slot777
IndoVegas
slot luar negeri
แทงบอลออนไลน์
เว็บตรงสล็อต
PG SLOT
สล็อตเว็บใหญ่
Daftar Slot
slot gacor gampang menang
slot online gacor
rtp live

สมัครบาคาร่า
situs slot pulsa
slot gacor
slot kamboja
Agentoto
YouTube Video Downloader
Togel Singapore
togel singapore
hutanslot
live draw sgp
slot
slot88
slot88
situs slot
togel singapore
keluaran sgp
slot togel online
slot demo
poker88
slot gacor
Live Draw HK
poker88
freebet
線上百家樂
slip ring technology in ct
ankara escort
เว็บสล็อต
situs slot gampang menang
sbobet
Sons of anarchy vest
dewabet
สล็อต
메이저사이트 검증
dewapoker
dewapoker
pengeluaran sdy
SEOMoz says
Optical Transceiver
pg slot เว็บตรง
slot
Link PG Soft Gacor
situs slot online
Sedayubet Slot
slot gacor
ole777
dewapoker
dewapoker
rebahin
online casino philippines
สล็อตเว็บตรง
Lapakslot777
roma99 slot
Joker Game
เว็บตรง
สล็อตเว็บตรง
qqwin88
DAFTAR MPO777
pg slot
Slot gula88
hk hari ini
Judi Slot Online
สล็อตpg
situs slot gacor
bola sbobet
link alternatif sbobet
slot gacor
พีจีสล็อต เว็บตรง
deposit pulsa tanpa potongan
pin up casino
สล็อต
สล็อตออนไลน์
สล็อตเว็บตรง แตกง่าย
เว็บสล็อตตรง
สล็อตpg
สล็อตเว็บตรง
สล็อต
สล็อต
slot5000 login
raja slot 5000
pg slot เว็บตรง
สล็อตเว็บตรง
娛樂城
สล็อต pg
เว็บตรง
สล็อตออนไลน์ 4X4PG
สล็อตเว็บตรง
สล็อตเว็บตรง
สล็อตเว็บตรง
pg slot
สล็อตเว็บตรง
บาคาร่าออนไลน์
Agentoto
เว็บตรงไม่ผ่านเอเย่นต์
สล็อต
เว็บตรง
สล็อต
สล็อต
rumah 303
สล็อต
judi slot online
สล็อตเว็บตรง
สล็อต
slot online
JOKER123
jogos de cassino online grátis
ufabet
Infini88 Slot
togel
situs togel online
kakek zeus
ufo777
cassino online
Daftar Slot Gacor Online
สล็อตโจ็กเกอร์
Nexus Slot
娛樂城推薦
slot
สล็อตpgเว็บตรง
สล็อตเว็บตรง
togel
situs togel online
เว็บสล็อต
slot minimal deposit 5000
เว็บตรงสล็อต
Escorts in Karachi
Karachi Escorts
slot joker123
mataslot77
สล็อตวอเลท
สล็อตเว็บตรง
slot minimal deposit 5000
Agen Slot Luxury333
สล็อต
rtp
dewa33 slot
Online Steroid Pills
สล็อต
สล็อต
UGFREAK
สล็อต
สล็อตเว็บตรง
เว็บแทงหวย
แทงหวยออนไลน์
เว็บสล็อตใหม่ล่าสุด
slot kakek Zeus
สล็อตทรูวอเลท
Rumah303
slot77
먹튀폴리스

nhà cái

Kseries

ดูซีรี่ย์เกาหลี

casino online uy tín

casino truc tuyen

betting exchange login

WINLIVE4D adalah situs slot gacor terbaik terbaru tahun ini, dan menjadi acuan slot gacor hari ini di setiap harinya, karena selalu memberikan kemenangan tanpa henti, slot gacor winlive4d selalu menjadi favorit orang orang. WINLIVE4D akan selalu memberikan kepuasan bermain kepada para player slot online dan games judi online yang lain, anda tidak akan pernah merasakan menyesal bermain bersama WINLIVE4D

Daftar Togel

Winbet138