INVESTING IN TURKEY
Turkey, where two continents meet, Europe and Asia, is a wonderful country with extensive coastlines on the Aegean, Black, Mediterranean and the Marmara seas. There are many popular coastal locations such as Kusadasi, Bodrum, Fetiye, Antalya, Kas, Gocek and Side and many more. Much of the country is undeveloped, with beautiful, natural outdoor spaces, used for outdoor sportingactivities in all seasons. Its land has been the cradle of some of the world’s the oldest civilisations and religions. Life in Turkey is relaxed; Turkish people are warm and hospitable to foreigners. You can find a very wide range of delicious food; Turkish cuisine is one of the oldest and richest in the world. Turkey has somethingfor every type of visitor.
According to the country’s Constitution, the characteristics of the Republic of Turkey are defined as democratic, secular and a social state governed by the rule of law; bearing in mind the concepts of public peace, national solidarity and justice; respecting human rights; loyal to the nationalism of Ataturk. The State is recognised as fair for all residents regardless of their religion, social background, ethnicity, gender, and culture. The fact that Turkey started negotiations with the EU over full membership, coupled with the many projects aimed at broadening tourism: the creation of more centres to hold overseas congresses, golf resorts, health tourism. are all factors likely to positively impact the property market in Turkey. The result is a continued and accelerating growth of interest from foreign nationals looking to invest in Turkey.
Turkey has been billed as ‘one of the hottest investment markets’ in the world with property sales quadrupling year on year over 2013. The trend is expected to continue over the coming years.
We can assist you in finding your dream property in this lucrative market, whether it be an investment property, a place to retire to or to use for holidays. Properties are still very reasonably priced, so you may buy for one reason such as your family’s sole use, then later decide to do holiday rentals, or let longer term for a regular income. You may want to replace a kitchen, put in an en-
Whatever your goals, it is imperative you find someone trustworthy, who understans the intricacies of Turkish law, and who will put your needs first and handle each case in a professional and ethical manner making the process safe and hassle-
With these points in mind, buying a property in Turkey can lead to substantial amount of gain, if a good investment is found. Property prices are steadily rising, which may be expected to lead to a significant capital gain. Moreover, at current rental rates, your property is likely to amortise its purchase cost within about 11years if it is rented out properly. Low taxes on property help to make investment inTurkey inreasingly popular. The acquired property may be resold or rented out and the proceeds may be transferred out of Turkey without any restrictions. There are some excellent investment opportunities for individuals or companies seeking investment and some may like to establish their own enterprise in Turkey.
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