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 [...]
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 [...]
Investors looking to purchasing property in Europe this year could be well advised to choose Istanbul, the number 1 city for new property acquisitions and developments according to the latest Emerging Trends in Real Estate Report Europe from PwC and the Urban Land Institute. For the second year running, Istanbul, Turkey’s largest city and home [...]
At a recent press conference, held by the Turkish Real Estate Investing Partners Association (GYODER), it was revealed that property sales in Turkey to foreigners in 2010 were up 40% reaching sales of $2.5 billion compared to the previous year. Not quite eclipsing the pinnacle of Turkey’s property performance, between the economic peak in 2006 [...]
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 [...]
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], [...]
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 [...]
Did you know that big companies make big money off of small claims. Sometimes you simply don’t keep the papers after terminating a utility agreement (such as cable TV) or simply don’t keep the receipts of payment for a payment. A long time later, you receive a letter stating that you have not fulfilled your [...]
Historically, it was nearly impossible in most instances for a foreign national to purchase real estate in Turkey. Indeed, for the most part, Turkey maintained a nearly absolutely blanket prohibition against foreign nationals having the ability to directly purchase and own real estate in that country. In 2003, the Turkish government liberalized the laws pertaining [...]
