Malta teased its way into the Top 10 overseas property destinations last month, reveals TheMoveChannel.com’s Top of the Props. The tiny islands accounted for 2.59 per cent of enquiries on the overseas portal in April, enough to climb four places in the international chart and become the eighth most popular place in the world for [...]
Topics related to the purchasing of property are always interesting as we people love to own things. Everybody wants to have property — not just one, but as many as possible. Immovable property is usually at the top of our wish list. The desire to own real estate comes with the feeling of making a [...]
When buying property abroad, usually one of the necessary obstacles is the exchange of a large amount of currency needed to pay for your purchase. Many people buying abroad still neglect to think about currency exchange until it is too late, and end up paying more than they need to, with added stress levels too. [...]
Most people who read the title will think this subject concerns only a handful of people active in major investments. In a way it does, but indirectly, it concerns everybody who wants Turkey to do well economically by attracting foreign direct investment (FDI). You cannot imagine how difficult it is to write about a purely [...]
“Hi, we live on a small communal area which consists of six villas, no pool but has a garden, etc. My husband manages the upkeep of the garden and any maintenance [of walls, pump, etc., and gardener fees]. Five villas pay their TL 25 per month for this but one has not paid for five [...]
After some California weather we are now back to constant hot and humid ?stanbul days. First email; “Dear Berk Çektir, I live in the United Kingdom. I would very much appreciate it if you could answer a simple query I have regarding co-ownership of a property. I own 50 percent of a property and someone else [...]
Today I would like to go to my inbox and respond to a question about property purchase and company establishment. Here is the question: “Dear Sir, I am a British citizen and would appreciate some advice on what areas in Turkey foreigners can legally purchase property or land. Previously the understanding was that foreigners can [...]
Living in Beyoglu is nice but noisy. It has its own flavor, and not everyone feels happy about the offerings of Beyoglu. I received an email from a reader who is disturbed by the violence from a bar in Beyoglu. The letter reads as follows: “Your columns dealing with legal issues are always helpful. It [...]
Hi, I am writing to ask for your advice on what may be a consumer rights issue. I am writing on my family’s behalf because I am here in Turkey trying to resolve it for them as my husband holds the power of attorney for my sister and brother-in-law. I have attempted to be as [...]
Declaring a lower purchase price and registering the property at less than its real and actual purchase price, although tempting because both parties will pay less in sale/purchase tax, does carry a significant risk. In the case of declaring a lower sales price, the return on a sale will be higher and, thus, the buyer [...]
As we say in Turkish, “Malın var mı derdin var” (If you have property, then you’ve got a problem). Like any other investment, property investment is also subject to regulations, and an investor should consider several factors when investing. A property investment is not always a “buy and sell at a good profit” or “buy [...]
“Living in Turkey, is considerably cheaper than in the UK particularly now that the austerity measures are beginning to bite”, says Suleyman Akbay, Director at Oceanwide Properties. Suleyman should know; he has offices in central London, Hampshire and Turkey so is fully aux fait with the cost of living in both countries. Continued Suleyman,” The [...]
An e-mail from a reader who is in the process of divorce says: “I hope that you can advise me on the following problem as I don’t know who to ask. My estranged husband and I are UK citizens and purchased two properties in Turkey. One property is under joint names on the tapu [deed], [...]
“I got your e-mail address from an expat website forum and was wondering if you could help me by giving me some advice. We are an English family and we were living in an apartment for two years. The first year, we signed a contract saying we would pay the landlord cash rent every month, [...]
I received a lengthy letter from a reader, Robert, last week and responded to some of the questions. It is an interesting topic and deserves more than one article to address it. Here is a part of the letter from Robert. Needless to say that for those who are interested, the full version is available [...]
A Turkish proverb says, “Once you have property, you have a problem.” This proverb gently addresses the problems of the modern world and demonstrates the difficulties of having things. On the other hand, almost nobody can stop herself/himself from having things. I also find Tracy Chapman’s song mentioning “Mountains O’ Things” very meaningful. A dear [...]
