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Category Archives: Property

Turkey Increases Residency for Foreign Property Buyers

Turkey is one of the strongest and most stable economies in the world, and its property market is also experiencing strong, stable and sustainable growth, so it is easy to understand why more and more foreigners are looking to buy property in Turkey. But Turkey isn't resting on its laurels,...

Posted on 13 April 2013

Turkish Property 2012 Growth 4th Fastest in World

Turkey continues to blow the world away with its incredible growth and stability. The latest Knight Frank global house price index shows that Turkey was the 4th fastest growing property market in the world last year. The index, which is based on the collation of data from other sources shows...

Posted on 02 April 2013

Turkey To Ease Residence Permit Rules for Foreign Buyers

According to a statement by Turkish deputy PM Ali Babacan, the country is set to make further accessions to attract foreign property buyers, potentially including longer residency visas for foreign buyers. "Turkey should be more tolerant toward foreigners who buy houses and spend substantial amounts of money to spend time...

Posted on 15 March 2013

Fears of a Property Bubble Forming in Turkey Are Unfounded

There have been quite few concerns that a property bubble could form in Turkey, leading to the kind of problems seen in Spain. However experts don't think this is very likely to happen due to a number of different factors. Recently Turkish banks have been reducing interest rates on home...

Posted on 10 January 2013

Selling a House In Turkey: Price to Sell

This article is about Turkey, but it could be about anywhere, sellers make the same mistakes and the same principles apply to selling a house pretty much everywhere. The best piece of advice that anyone can give to a seller is to get their asking price right the first time....

Posted on 24 October 2012

Turkey Property Becoming More Popular amongst Investors

Turkey is set to become more popular amongst investors, especially as it recently opened up its property sector for foreign investment. According to a report by Jones Lang LaSalle, this new law is especially expected to affect investors from the Gulf countries who are looking to buy residential property, but...

Posted on 12 October 2012

Rents Have Almost Doubled in Bodrum, Fethiye and Marmaris

I feel a bit hard-done-by sometimes. Before the crash practically anyone could pick a figure out of the air for a rental yield or potential capital appreciation for any part of the world and be taken at face value, but now, when I use my expertise and experience of the...

Posted on 23 August 2012

Turkey Publishes the Property A (Allowed to Buy) List – Are You On It?

As regular readers will know, the Turkish government recently announced that it had drawn up the list of countries that would be allowed to buy under the new reciprocity-free property law. It took a while for the list to become available to the public, but we have it now. As...

Posted on 17 August 2012

Turkish Property Prices Continue to Grow in June

While much of the world's economies and property markets getting seeminly more volatile and risky by the day, Turkish property prices continue to grow at the same steady rate (about 10% year on year), making it a great choice for investors looking to dial down on risk. Turkish property prices...

Posted on 19 July 2012

Foreigners Purchase Record Amount of Property in Turkey in May

Many of you will remember our previous posts on the new Turkish property law removing the reciprocity requirement for foreign buyers. The last one we wrote was jubilantly titled The Law is Passed – More Foreigners Can Buy More Property in Turkey. In previous articles we have shared the consensus...

Posted on 18 July 2012

Erdogan Set to Make Good on New City Promise

The Turkish Prime Minister, Recep Tayyip Erdogan promised as part of his Parliamentary campaign last year, to create a new city. The city is being planned for the northern coast of Istanbul, and is expected to help boost Istanbul's economy. Apparently the government has already begun work on the plan...

Posted on 09 June 2012

Turkish Mortgages in Increasing Demand

With the Turkish property market still busy (and not too badly effected by the Euro crisis), investors are still interested in borrowing funds rather than just paying cash. The most popular loans tend to be either in Euros or Sterling, but as the local currency is still in Turkish Lira,...

Posted on 02 January 2012

Reciprocity Restrictions to be Removed in 2012, Boosting Foreign Sales

The Turkish government is expected to remove the reciprocity restrictions on its property market in 2012. The draft law is to be polished off by the Environment and Urbanisation ministry before being submitted to the national parliament later this month. The aim of the law would be to open up...

Posted on 19 November 2011

Turkey Property Boom Looks Set to Continue/Expand

The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction...

Posted on 13 October 2011

Turkish Government Commits to Increasing Foreign Sales

Many reports have indicated strong growth in sales of Turkish property to foreigners, not least a report by the Association of Real Estate Investing Partners GYODER, which recorded a 40% growth last year compared to the year before. Never the less, the government seems increasingly committed to making sure the...

Posted on 12 October 2011