Turkey Information

Enjoy some of the most beautiful coastline in Europe when you purchase foreign  investment property in Turkey. This is a vast and diverse country that straddles both Europe and Asia. The southwestern corner of the country is especially beautiful where the Mediterranean and Aegean Seas meet. The real estate market in this country is one of the best buying markets in the world. Prices for holiday villas and houses are relatively low and the process for foreigners to buy property here is not a complicated one.

Some of the resort areas of Turkey include such places as Marmaris, Bodrum and Fethiye. Marmaris is a well established resort area and Fethiye is a very pretty tourist town that has developed from a fishing village. Bodrum is renowned for its restaurants. These are just a few examples of the many places in Turkey where you can have your home away from home – your own private retreat in an exotic location. Investment in the more populated areas of Istanbul and Ankara are also viable options you can consider.

Alanya is a small city set against the backdrop of the Taurus Mountains. Enjoy the delight of owning an apartment in Paradise Hills, for example, at the low cost of Ł52,700. You would not be able to get this luxurious apartment with the modern amenities of a swimming pool and access to both the mountains and the beach at this price in the UK. Other locations in Turkey where there are comparable properties for sale include Dalaman, Yaniklar, Didim and Calis. There are quiet bays along the coast and you can charter a small boat to take you to some of the smaller islands in the Aegean Sea. The warm climate combined with the scenery has everything you need for your dream destination.

The buying process for investment property in Turkey begins with permission from the military. This process could be time-consuming, often taking up to 3 or 4 months to complete. Foreigners are only permitted to purchase properties in designated towns and the lawyer you choose will handle this part of the process for you. Once you find the property you wish to purchase, the lawyer will draw up the contract and you make a deposit of between 4 and 10% of the purchase price. Just as in the UK, the lawyer will search to find out if there are any liens on the property. When he/she deems everything to be in order, both you can the seller must visit the Land Registry office to sign the final papers. However, you can appoint your lawyer the power of attorney to sign for you.

When you invest in property in Turkey, you will be buying a home in the oldest part of the world. Here the summers are hot and the winters are cold providing you with all kinds of sports to enjoy during all seasons of the year. The people of Turkey are very warm and friendly towards foreigners and with the real estate market about ten years behind that of Spain, this is the prime time to buy that dream home you always wanted. You can apply for residency status if you intend to stay in the country for any longer than three months at a time.

Many of the coastal areas of Turkey have airports connecting to the international airports in Istanbul and Ankara. With airports at Angalya, Bodrum, Dalaman, Izmir, you have convenient access to the popular resort areas where you can buy apartments, villas and homes. As a UK citizen, you can choose to spend part of the year in your property and rent it to others March to November when the weather is at its best.

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