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Welcome to Turkey
Property Sale, offering best Turkish property developments in BODRUM.
About Turkey:
Turkey is split into 7 regions. Each has
its own distinct climate, landscape, traditions and properties.
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LATEST NEWS
Turkey changes laws,
but calm urged
21 April
2008:
Property laws in Turkey have
been temporarily suspended, but investors should not worry.
The issuing of title deeds to foreign buyers has been
temporarily suspended in Turkey while two controversial
clauses in the country’s property law, which relate to
property sales to foreigners, are amended.
The Turkish Constitutional Court ordered the halt from 16th
April to allow the re-drafting of legislation to address
concerns that foreign-owned companies are buying up huge
tracts of agricultural land, particularly in the east of the
country. Foreign nationals are already restricted from
buying land and property in rural areas, but under the
proposed amendments, the same ban will apply to
foreign-owned companies.
Dominic Whiting, editor of the Buying in Turkey Guide,
commented, “This freeze is an inconvenience for anyone ready
to complete on a property now, as they will have to wait
until the new law is passed by July 16th, but the changes in
legislation will have no affect unless you were planning to
buy rural land with a Turkish company.
“The amendments will have absolutely no impact on the vast
majority of British buyers – who are purchasing property or
land in officially zoned areas in and around Turkish cities,
towns and resorts.”
What foreigners can buy:
Property and land within an
officially zoned area
What
foreigners can’t buy:
Property and land in rural
areas (un-zoned).
Over 2.5 hectares of land
The
new amendments will also prohibit foreign-owned companies
from:
Buying land in rural areas.
Owning more than 0.5 per cent of the land in any of the
country’s provinces |
The first four are
named according to their adjacent seas (the Black Sea, the Marmara, the
Aegean and the Mediterranean Regions). The other three in relation to
their location in the whole of Anatolia (Central, Eastern and South East
Anatolia Regions).
As a Country, Turkey spans two continents
(Europe and Asia) and boasts some 8,000km of coastline. Whether you are
fond of art, history, archaeology, nature or if your idea of bliss is a
relaxing beach or sailing holiday, there really is something for
everybody in Turkey.
Turkey has been home to twenty fascinating civilizations, spanning over
10,000 years of history, and many of her ancient secrets have still to
be uncovered. Fascinating sites include statues of gods and goddesses,
temples, theatres, agoras, churches, mosques and palaces.
 AEGEAN
Arguably the most beautiful of Turkey’s
coastlines, the Aegean Region is perhaps best known for its turquoise
sea and the enviable “blue cruise” route. The Aegean is littered with
ancient sites, including two of the Seven Wonders of the Ancient World:
the Temple of Artemis at Ephesus and King Mausolus’ Tomb in Bodrum.
 ISTANBUL
& THE
MARMARA
REGION
This region uniquely straddles both Europe and
Asia and the two continents are separated by the Bosphorus, the Sea of
Marmara and the Dardanelles. Istanbul is undoubtedly the jewel of the
Marmara Region, but don’t miss the Ottoman cities of Edirne and Bursa.
 MEDITERRANEAN
Stretching from the south of the splendid
Taurus Mountains, Turkey’s Mediterranean coast is awash with sandy
beaches, beautiful scenery, secluded coves and fascinating ancient
sites, including the amazing Aspendos Theatre. The region also boasts an
enviable climate of long, hot summers and mild winters.
 EAST
& SOUTH EAST
High mountain
ranges, plunging valleys, expansive plains and vast lakes, East and
South East Turkey is a region of contrast and colours. Adorned with the
unique architectural samples of Turkish culture, attractions include the
impressive Ishak Pasa Palace and the imposing Mount Ararat, thought to
be the landing point of Noah’s Ark.
 BLACK
SEA
Among the most fertile regions of the country,
the Black Sea area is famed for verdant plateaus, traditional villages
with a way of life unchanged for generations and fields of tea,
hazelnuts, tobacco and corn.
 CENTRAL
ANATOLIA
Home to Ankara, Turkey’s capital and political centre, Central Anatolia
also boasts the fascinating City of Konya, the country’s spiritual
heart, as well as the expansive natural wonder that is the region of
Cappadocia.
Turkey Map
FACTS
ABOUT TURKISH PROPERTY MARKET
The future prospects
for Turkey are very positive indeed and this translates well and
directly to the Turkish property market where investor interest has
surged throughout 2005 and where property prices are beginning to creep
up fast.
While property prices in parts of Turkey may be about 10 years behind
those in Spain for example, this trend is starting to change because the
levels of interest in Turkish property have surged particularly along
the Riviera region in southern Turkey. And since it was announced that
Turkey is now on target for EU accession investor confidence in Turkey
has reached an all time high.
Turkey has long dreamed of a place in Europe and has made a concerted
effort in recent years to change legislation, practices and regimes to
align the country more with its European neighbours. Cleary this has
worked to Turkey’s political advantage but it has also worked well
economically for the country. As Turkish resorts begin to feel more
Southern European in their flavour so their attraction intensifies with
European visitors - and tourism numbers in Turkey have increased
substantially in the past five years as a direct result.
The Turkish tourism board are now spending a lot of money promoting the
resorts along Turkey’s Mediterranean coast and as a result tourism,
second home, holiday home and retirement home interest in these parts of
Turkey have surged. For an investor this is highly encouraging. Those
buying to let have more tourists interested in renting out their
properties during Turkey’s long summer season - and as all investors
will tell you, short term tourist lets can be highly lucrative. Those
buying off plan at pre-construction prices are likely to find strong
interest in the resale market for their properties when they come to
completion from those who want to buy a holiday or retirement home in
Turkey.
As the resorts in Turkey come up fast and more money is spent on
improving roads, airports and general infrastructure so private
investment is being poured into the creation of resorts, spas, golf
courses and superior tourist facilities. In Belek for example five golf
courses have already been completed and five more are in the planning
and creation stages. Money can be made through investing in such
ventures and money can be made from the commercial side of property
investment in Turkey by targeting tourist accommodation in the most
popular resorts for example. |
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