Turkey Property News

Countries outside the Euro Zone are not affected by the current credit crunch. Traditional countries such as Spain, and Portugal, where the British have bought in huge numbers over the years, are feeling the pinch, whereas other countries such as Turkey are not.

The Turkish government has announced the end of a temporary suspension on the issuing of title deeds to foreign buyers. Brought into force on 15th April by order of the country’s Constitutional Court while parts of the legislation relating to foreign buyers were re-drafted, a parliamentary commission has passed the changes and the freeze will end in the next 2-3 weeks.

The issuing of title deeds to foreign buyers has been temporarily suspended in Turkey while two controversial clauses in the country’s property law, which relate to property sales to foreigners, are amended.

Looking for a “plan for all seasons”? A property investment with very few void periods to bring you maximum income? Then consider Turkey.

The Turkish Golf Federation has plans to add 100 new golf courses to Turkey’s current scanty tally of less than 20.

John Howell, partner at The International Law Partnership LLP says: “The Constitutional Court of Turkey, the highest legal body for constitutional review cancelled a law last week allowing sales of real estate to companies established by foreign firms.

Turkey has been hot topic number one throughout February, with enquiries for property and mortgages increasing beyond all expectations when compared to figures from 2007, A Place in the Sun naming Turkey as the third top place to buy, and the Independent hailing Turkey as top of the hot spots list.

Turkey is learning from the mistakes of Spain and ensuring that its pristine and unspoilt coastline remains that way.

Turkey's property rental market received a vote of confidence based upon data from leading holiday rental site holidaylettings.co.uk this week. The internet based lettings site analysed demand for rental property across the 112 countries where they advertise property to let, and Turkey came in 7th amongst those countries.

Dominic Whiting, editor of the Buying in Turkey guide, the UK’s leading source of information on Turkish property, picks the hottest property spots for the year ahead.

Astute property investors are well aware that a country that is leading the way in tourism will follow with an increased value in property. This can be seen clearly in Turkey where major tour operators and some of the world’s top hoteliers are clambering to be a part of this new era.

Turkey’s lower cost of living and property construction costs tempt more buyers, who are priced out of the UK, to self-build their own pension pads.

The Ministry of Forest and Agriculture in Turkey has issued a White Paper on guidelines and restrictions to be introduced by the local Municipals and Town Planners up to the year 2025.

The latest published figures from the Turkish Statistics Institute (TUIK) show another bumper month for Turkish tourism. The number of tourists visiting Turkey reached 3.38 million in August with a year on year rise of 16.5%.

Award-wining landscape architect Scape Design Associates has been appointed by MESA Group to create the landscape for ‘Parkoran’, a new 17 tower block residential development overlooking a pine forest and the nearby Golbasi Lakes in Ankara, Turkey.

Kalkan is the new “hot spot” to invest in Turkey. It is rapidly becoming a place for sophisticates seeking authentic Turkish culture and tradition within a country that is being highly promoted by its Government as a tourist destination.

TPI Turkish Property Invest, international developer in the southern Turkish city of Alanya, has launched it’s latest initiative – up to four day subsidised inspection trips to visit its latest residential property development – Oba Saray 4.

After ten years of speculation, the beautiful city of Alanya – southern Turkey – has been given the green light for its own International airport, to be operated by Turkey’s leading airport contractor and operator, TAV Airports Holding.

2006 held the record for the highest number of people emigrating from the UK, statistics say.

The Buying In Turkey Property Wizard is a unique advice and property finder service from the people behind the UK’s leading source of independent information on Turkish property, the Buying in Turkey guide, which is updated annually and is now in its 3rd edition.

Buying off-plan is increasingly popular in Turkey, but as well as providing certain benefits, there are potential risks that buyers should be aware of. As the name suggests, buying off-plan involves making a commitment to buy a property that has yet to be built.

The city of Izmir, the third most populous in Turkey, is located in the Gulf of Izmir on the western Aegean coast and is home to the country’s largest port after Istanbul.

IsBank London, a full branch of Turkey’s leading banking institution, Türkiye Iþ Bankasý, is making available an innovative new mortgage product to UK nationals at competitive standard variable rates for overseas repayment mortgages in British pounds sterling (GBP).

In the last five years Turkey has been transformed from a fringe destination for adventurous buyers to one of the most popular emerging property markets. Over $2 billion from abroad was invested in Turkish real estate last year with this figure expected to double in 2007.

Sean Gillic, Managing Director of the IPI Group, welcomed the result of the general election in Turkey that saw the return of AKP – the Justice and Development Party – to Government, with a record majority in the history of Turkish politics.

Once solely a haven for holiday makers, Turkey has grown in popularity with many Brits buying property overseas reveals currency specialist HiFX in its latest Global Property Hotspots Report, which this month sees a significant increase in enquiries from Brits looking for ‘Turkish delights’.

Increased interest in Turkish property listed on TheMoveChannel.com has nudged Turkey into the exalted Top of the Props Top 5! Here we investigate why property investors currently can’t seem get enough of this transcontinental treasure trove.

World Bank announces £250 million loan to turkey to support economic reforms and boost employment. This really is the time to invest in this fascinating country.

An informative and practical guide to buying and owning property in Turkey. Now in its 3rd edition, the 140 page Buying in Turkey guide has been fully revised and updated for summer 2007.

Obasaray 4 is a development that makes a bold statement, it’s literal translation being the ‘Palace of Oba’ – but does it deliver?

Our Home Abroad are delighted to bring to the market Peninsula Village an off plan development that comes to the market with either 30% instant equity or 50% cash back in two years time.

Spot Blue has revamped its website to offer even more choice and advice on finding and buying a dream home in Turkey. Whatever the price range, the new look site – spotblue.co.uk – offers buyers a comprehensive range of apartments, villas and land in more locations.

Hot Turkish Properties (HTP) has joined forces with leading Turkish tour operator Holidays4U, to promote and sell quality villas and apartments in Turkey to the UK market for the first time, with the introduction of a new concept in overseas property purchase – Try and Buy.

Flipflops is a £5.75 million complex of over 100 properties in Gulluk, near Bodrum in Turkey.

There is one factor that separates a good sea view from an outstanding sea view and that’s elevation. On a flat patch of coastline, the merest hint of a tree can restrict the perfect sea view, and if you’re 50 metres back with an apartment block in front, there may be times that you forget the sea’s there at all.

Turkey has seen a boom in building with promises of great investments before entry to the EU and also the promise of EU funding to support infrastructure improvements. With well priced local labour, affordable land prices and planning permission being granted to encourage the tourism industry, development of the coastal areas has increased in the last few years.

Istanbul, designated European Capital of Culture for 2010, is a bustling metropolis gaining eminence for straddling two continents, Europe to the west of the Bosphorus Straits and Asia to the east. There are an estimated 700,000 new residents arriving in the city each year creating an immense demand for housing which has triggered an unprecedented building boom.

Turkey is on course to join the European Union in 2015 and in order to achieve this goal it is already introducing substantial changes in order to comply with EU standards. Perhaps the most important change is the introduction of mortgages which will allow a prosperous workforce to invest in property.

Creating ripples in the Aegean Sea is the latest venture of the Braemore Group who sold out their latest development in Nottingham within a record 48 hours. Having exported their magic and reputation overseas to three vibrant emerging markets - the first being Turkey - their projects are on course to put all the others in the shade.

Over 13,000 Britons have already been sold on the delights of owning a second property in Turkey.

The demand for property overseas has increased year upon year and there are now more than half a million Britons living abroad. The number of British people owning a property in Turkey has reached almost 15,000.

As a nation we’re always suspicious of a generous freebie, as the old phrase goes, ‘there’s no such thing as a free lunch’, but in this case Dream Homes WorldWide really is the exception that proves the rule giving away 8,000 pounds worth of furniture if you buy one of a limited selection of two bedroom two bathroom apartments at Turquoise in Bodrum, Turkey.