Buying property
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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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Despite all problems caused by the lockdown, developers and real estate agencies continue working online. Real estate websites offer video reviews of apartments and projects, video inspection and 3D tours. Alina Mustafina (Yekta Homes, a developer in Alanya) says: “The construction of our projects is going as planned, without any delays. We also...
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Foreigners can buy a shared ownership property in Turkey. Shared ownership properties for sale in Turkey are a new option that real estate companies have to offer. You become a rightful owner of a property while saving a lot. This a great option for those who are looking just for a holiday home (staying in a property for a certain period). When...
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Today the real estate exchange in Turkey is very popular among property owners. Check out our article to learn more about how to exchange a property in Turkey. Home EXCHANGE - perfect DEAL An ideal home exchange is when both parties agree that the exchanging properties have equal value. In such cases, the deal is made quickly and easily, because...
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Property purchase in Turkey is becoming an increasingly popular investment destination among overseas buyers. Some consider buying real estate in this vibrant country as a holiday or permanent home, while others seek to generate income. Let’s look at what the purchase procedure looks like for foreign citizens and what points you should pay...
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With its wonderful climate, relatively low cost of living, beautiful nature, and friendly property prices, Turkey attracts foreigners from all over the word to move to this country. Every year more and more foreigners get Turkish citizenship. Another reason is the simplified procedure of getting local citizenship. To apply for citizenship in...
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The real estate market in Turkey is characterized by active growth and a comfortable investment climate. Local property offers attract investors from around the world. Our experts have prepared an article on the investment benefits of Turkish real estate, how to invest in local housing and the reasons why local properties are so popular among...
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