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Turkey is a country with huge investment potential, which also covers the real estate market. Today, thousands of foreigners are thinking about buying an apartment or house in Turkey. Let's try to navigate through the Turkish housing prices and see what you can buy with a budget up to 500,000 lira (about €60,000). PROPERTY PRICES IN...
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The coronavirus pandemic has hit all sectors of the Turkish economy, but most industries have already found a way out of the crisis. For example, real estate sellers (construction companies and real estate agents) worked out a new, effective sales tool - buying an apartment online. How can you sign a deal remotely? How to buy a new home without...
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TABLE OF CONTENTS Property taxes Utility costs Rental income Real estate management: management companies and project managers Few words about property transactions To sum up: what you should definitely consider when buying property in Turkey Property taxes The property tax is paid annually on all properties since 1986. Depending on...
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As a rule, foreigners, who buy property in Turkey for holidays or relocation, choose mostly the coastal areas. According to the stats, the top destinations are Mugla, Antalya and of course Istanbul. Over the last few years, more foreigners have decided to move to this country and the list of popular destinations has expanded and included such...
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According to the TurkStat, the coronavirus pandemic continues to affect the country's economy, including property sales figures. 1. PROPERTY SALES STATS IN MAY 2020 In May 2020, 50,936 properties were sold in Turkey. Home sales in Turkey decreased by 44.6% compared with the same month last year and amounted to 50,936 properties in May 2020....
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According to Turk.Estate, 42,783 houses were sold in Turkey in April 2020. Thus, home sales in Turkey fell by 55.5% compared with the same month the previous year. New home sales amounted to 14,848 units and dropped by 60.7%. Existing property sales reached 27,935 units decreasing by 52.1% compared to April 2019. According to Alen Yeremeyev, Turk...
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Only civil marriages are registered in Turkey legally. You can have a religious ceremony if you want but it will have no legal power in Turkey. The Turkish legislation allows to perform marriage between two foreigners as well as between a Turk and a foreigner. A Turk and a foreigner and two foreigners need to marry in the competent Turkish...
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If you are planning to work in Turkey, it will be very useful to study the Turkish labor legislation. The general terms of employment are regulated by the Constitution, the Labor Law and other acts. Some special terms can be regulated by the employment contract. Employment contracts do not exempt from any taxes and fees. Accepted by the law form...
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The climate in Turkey varies from region to region. In the central part, it is a continental climate with warm and dry summers and cold winters. The average temperature in summer is about 25-30 degrees and in winter the temperature is -15 degrees. Such contrast can be explained by the fact that this region is framed by the mountains and the warm...
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Turkey, the country where the enchantment of the Arabian Nights is all pervasive…magical, multifaceted, thrilling, challenging and spellbinding. As soon as you arrive, the beauty of the place, its colors and scents all imperceptibly mingle with the salt sea air and the omnipresent smell of freshly made tea and of delicious Turkish food. Everything...
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