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Apartments for sale in turkey

apartments for sale in turkey

Property for Sale In Turkey

Traditionally many investors and buyers have bought property mainly in European countries such as Spain, France, Italy and Cyprus, as well as famous US destinations like Florida. However, these places have recently become extremely expensive and burst buble after the world crisis. Since 2008 many buyers changed their focus to alternative overseas destinations where Turkey has been leading with strong and stable economy as well as offering ideal climate for all year around living. Buyers enjoyed healthy returns on their investments.

If you prefer to buy a property at a very reasonable price, which you can use yourself for regular holidays and that you can also rent out to get some income, in the mean time have great capital appreciation in a country where the summer is nice and long, stretching from March to November, and there are many tourism attractions, then Turkey is the most appropriate destination for you.

Turkey, where two continents - Europe and Asia- meet, is a wonderful country which is surrounded by the Aegean sea, the Black sea, the Mediterranean sea and the Marmara sea, has very nice coastal and city locations such as Istanbul, Bursa, Sapanca, Yalova, Cesme, Kusadasi. Bodrum. Marmaris. Datca. Fethiye, Kas, Kalkan, Antalya, Side, Alanya, Gocek and many more. Its land has been the cradle of the oldest civilisations and religions. Furthermore, life in Turkey is easy and Turkey is one of the few OECD countries with low prices. Turkish people are warm and hospitable to all foreigners. You can find a very wide range of delicious food and Turkish cuisine is one of the oldest and richest cuisines in the world. The sun, lovely nature, nice beaches, exciting outdoor and entertainment activities, winter sports (in inner parts in winter time), skiing, water, mountain sports. big modern shopping malls, and lots of sightseeing and historical places are all appealing features of Turkey.

In this regard, buying a property in Turkey can really lead to substantial amount of gain, if an appropriate decision is made. Since property prices are steadily going

upwards, there will be a significant difference between the acquisition cost and the money you will get when you sell it. Moreover, your property is likely to amortise its acquisition cost within at most 8-to-12 years if it is rented out properly. Charging comparatively low taxes on property is another advantage of the Turkish property market. As a result, the interest of foreigners in buying a property in Turkey has been growing. They buy real estate for either investment or residential purposes. There are very quiet, environmentally very clean, secure and cheap places for old people to live whereas there are very good job/business opportunities for qualified people who would like to work or to establish their own enterprise.

According to the law on property purchase by foreigners in Turkey enacted on January 7, 2006, foreign nationals (real persons) are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. In the implementation of the reciprocity principle, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to commercial companies established in foreign countries according to the laws of these countries are also given to the citizens and commercial companies of the Republic of Turkey. In this context, there exists reciprocity between the United Kingdom and the Republic of Turkey regarding real estate acquisition.

Companies can freely acquire real estate or limited rights through a legal entity established or participated in Turkey by foreign investors provided that such acquisitions are permitted for Turkish citizens.

The Constitution, the relevant provisions of the Civil Code, the Title Deeds Act, the Foreign Direct Investment Law (Please look at investment pages for the full text of the law.) and the relevant legislation form the legal framework enables foreign people or corporate entities to buy real estate in Turkey.

According to the legal framework mentioned above, both Turkish citizens and foreign owners have equal property-ownership rights.

If you feel you require further information please do not hesitate to contact us.

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