Property buying or furnishing

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This is why many buildings are only half finished

When you as a tourist arrive in Alanya you might wonder why there are so many half finished buildings in the area – buildings where the construction work seems to have stopped.
Many believe that the reason for this is that in this way the owners can avoid paying property taxes. This is not correct though. In Turkey tax is paid as soon as you move in.
There are several reasons for the many half finished buildings:
1: From May until October it is prohibited to build in tourist areas. This is to avoid noise which might bother the tourists.
The construction of a building is often not finished in only one winter. Alanya is under constant development and the construction of new buildings is started every year.
2: Many Turks build their own houses. Building materials however are pretty expensive and a bank loan is not an option because of the high interest rates.
This means work ceases on many buildings for a while until there is money for the next phase.
The high interest on loans is caused by Turkey’s inflation.

Turkey gets the best marks by holiday guests

100.000 danes have given their marks to their holiday ressort in the summer of 2008. Using these the tour operator Star Tour – a part of TUI – has gathered a top ten list with the best on which both Alanya and Marmaris is found right in the top.

Still more and more families with children wants to come back to the same place in the following year, if they have been happy of the hotel and the area – and this is the case for most tourists in Turkey.

In general the popular travel destinations are characterized by by places where you can seek individual experiences without having lots of other tourists around you all of the time, states the sales director of Star Tour, Stig Elling.

The level of prices also has something to say and when people get value for one's money on the destination then it is also experienced as a great holiday.

Therefore the market for holiday homes like before is attractive in precisely Turkey, where you can get a holiday home for a few tens of thousands euro. A villa with perfect view over the Mediterranean can be acquired for about a hundred thousands, explains real estate agent Bo Thygesen, who experiences a growing interest

Buying property in Turkey – tips and ideas

Are you considering buying an apartment in Turkey? This guide will give you a brief introduction to the market give you some advice.

As property buyer in Turkey you have a unique chance to learn the Turkish culture first hand and experience Turkey as the fascinating country that it is.The history dates way back and everywhere you find evidence for the exciting history.

Before viewing
First consider the following. That will make choosing a lot easier.

Apartment, penthouse or villa?
Number of bed rooms?
Number of bathrooms?
Situation? Close to the sea, mountains or close to the city center?
Do you want to rent out your property?

Practical preparation
The viewing might prove a little demanding!
You will be visiting construction sites and therefore may be walking over uneven surfaces and/or sand, so practical footwear and comfortable clothes are a good idea.
Remember it is always better to ask too many questions than too few.
The tour will be between three and five hours long.
Remember always to discuss the more formal details of property purchasing so that you will know exactly what to expect when you proceed with the purchase.

After buying
Make sure that your estate agent has a professional setup regarding the administration of the property since the property must be registered at the local authorities, insurance must be made and the title deed issued.
Some estate agents offers online administration of the property allowing you to see the status of the property and for instance administrate rental online.

Security is everything
Finally remember that security is everything. Do not accept to pay out stage payments unless seller can guarantee the down payments until the title deed is issued. Seek professional advice from established estate agents or local attorneys specializing in foreigner’s purchase of real estate in Turkey.

Furthermore always use your common sense, take positive answers for what they are and not more and finally remember that between people in each country there are differences in the mentalities.

Good luck with your search for your dream property.

A more comprehensive guide can be ordered her:

The Turkish Property Market

Turkey is a beautiful, divine, exciting country full of opportunities. This has gradually been discovered by the many visiting tourists whose numbers have been increasing by 10-15 percent each year. In the last few years more and more northern Europeans have also chosen to invest in real estate in Turkey.

A few years ago the rules governing foreigners buying property in Turkey were relaxed and since then interest has increased dramatically. The reason for this is simple: the prices are very attractive especially when compared to similar properties in France, Italy or Spain.

Price increase
In conjunction with the increasing interest for properties, the prices have also increased and for most properties this has been by 20-40 percent per year. This may sound unbelievable but it is nonetheless true and all the signs are that it will not stop there. The interest of foreign media in Turkey has never been greater. The papers write almost daily about the Turkish property market and several larger nationwide TV-stations have programmes about buying property in Turkey.
The fact that Turkey has received a date for starting negotiations for membership of the European Union also affects the ever increasing interest in property investment in the country.

Quality and construction requirements
In 2001 Turkey introduced strict legislation for new constructions. The requirements are fully comparable with European standards and ensure that both materials and building methods are improved. Constructions are built earthquake safe . The builders not only build and design to European standards now but also take into consideration the requests of many European buyers especially with regard to large balconies and sea views.