Property quotes by famous idols

Property quotes

Here is a brief selection of real estate, property quotes by some of the most famous and inspiring people. If you like. Please share or send us a nice message at Viable Investment Properties.

Real estate property listings translated

Property listings translated

We all read many property listings, BUT what do they really mean in the real world.

"Nice view" could be top of a remote mountain top
"Easy access to shops" could be having to use a bus or train.

Here are a few funny selections for you along with Ellen Show clips to make you laugh. Have fun and visit our website to see, REAL, HONEST property listings in Kusadasi and Turkish property.

Ellen Show clips to make you laugh

 

 

Please leave a comment or visit our website and social media for more Real Estate Insights.
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House prices in Kusadasi, Turkey

Property in Kusadasi, Turkey

House prices in Kusadasi, Turkey have seen a change over the years (for the better). The average price for a 2 bed apartment in 2008 would be £35-90,000. This is obviously dependent on a number of factors such as age, location, amenities, quality etc. Most property during this period was priced at £700 -900 per sqr meter according to the Telegraph.

Today (2016) the prices are surprisingly interesting with added benefits to the initial property investor in terms of holiday rental and economic growth, year-on-year. The large majority of investors during this period were from countries such as Ireland, UK and Netherlands, but today it is the Saudi Arabia and Russians who are taking advantage.

Why has property for sale in Kusadasi changed?

There are many factors to take into consideration, namely Economic, political and property construction landscape. Turkey has allowed for not only better foreign investors attracted, but also local investors who can now gain mortgages and so are investing wisely.

Types of property attracting investors has fluctuated. A Kusadasi Satilik Villa, which was very desired my many, has ( in certain circumstances) been replaced with apartments allowing for cheaper holiday rental opportunities for the property investor.

Kusadasi apartment rental and buying allow for a broader appeal to both young couples and mature retiring couples. Owners of property see less overheads in terms of maintenance costs and upkeep in comparison to larger more luxurious villas. This does not however apply to all property investors in Turkish property. Saudi Arabia and Russia prefer larger villas along the coastal areas of Kusadasi and Turkey. The new marina area of Kusadasi is a classic example affording location, views and prestige.

Is it better to rent property in Kusadasi or Buy property in Kusadasi?

This will depend greatly on your motivation and what you wish to achieve in Turkey. Please visit our website ADVICE section which will help give you a quick breakdown of important factors to consider. Your duration of stay will be a factor along with many more.

If you are looking to find property in Kusadasi and Turkey, please contact us.
"We are your key to a new home in Turkey"

Helping British nationals buy property overseas in Turkey

Buying property in Turkey

The following is a report created by the British Government giving help for British nationals to buy property overseas.
The guide sets out essential information for British nationals wanting to buy property in Turkey, including advice on legal advice, fraud, residence requirements, complaints and more. It should be read together with the How to buy property abroad guide. We are unable to provide any guidance on individual property purchases apart from the information and links listed below. See our information on what consulates can and cannot do for British nationals.

Legal Advice

The procedures and legislation covering the purchase of property in Turkey differs from that in the United Kingdom and the safeguards that you may rely on in the UK may not exist in Turkey. Foreigners require military permission before being able to purchase property. This can cause a delay in the whole process and you should allow a period of 3 weeks, though in individual cases the time can be shorter or longer. There is no way around this requirement and attempts to circumvent the process can lead to financial loss and you may still not get the property you wanted to purchase. You are strongly recommended to obtain the services of an independent lawyer before committing yourself to purchasing property or paying a deposit or the property’s full costs. We define “independent lawyer” as one who has no connection with either the seller or an agent of the seller: an agent can be an estate agent or anyone acting on behalf of the seller. English Speaking Lawyers & Translators in Turkey

Mortgages

There are a number of Turkish banks offering mortgages to foreign nationals wishing to buy property in Turkey. Loan proportions, interest rates and requirements may vary for individual banks. We recommend contacting several banks before making your decision.

Taxation

British nationals are taxed in Turkey on income obtained from renting property in Turkey and are liable to a number of other property related taxes outlined below. The tax year in Turkey is the calendar year.
There is an agreement (DTA) between the UK and Northern Ireland and The Republic of Turkey for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains.

Taxes payable when purchasing/selling a property in Turkey:

Turkish Property Transfer taxes (Emlak Alim/Satim Vergisi) @ 2% (in 2014) are payable by both parties (the buyer and the seller) the sale of a property. These fees (i.e. 4% in total) are based on the declared value of the property. However, the declared value of the property cannot be lower than the ‘tax value’ determined by the local municipality, which is also used as the base of the local property tax.

Rental income taxes:

If you rent your property to an individual or a company you have to file a tax return for your rental income for the previous calendar year to the nearest Tax Office between 1 – 25 March. The taxes are payable in 2 equal instalments –the first in March, the second in July.

Local Property Tax (Emlak Vergisi)

Local Property Tax is payable in 2 equal instalments, the first in May and the second in November. You have to contact your local municipality (Belediye) for further information and payment options. Tax is calculated based on the value of the property and is subject to thresholds set by the Tax Authorities as follows: For real estate located outside of a metropolitan municipality area:
Residences 0.1%
Other buildings 0.2%
Land 0.1%
Farming land 0%
Vacant land (but allocated for construction purposes) 0.3%
For real estate located inside of a metropolitan municipality area:
Residences 0.2%
Other buildings 0.4%
Land 0.2%
Vacant land (but allocated for construction purposes) 0.6%
Presidency of Revenue Administration

Fraud

You should seek legal advice from a lawyer on reporting fraud or fraudulent action. In general such complaints are reported to the local Public Prosecutor.

Complaints against the legal system

You can lodge a complaint about a lawyer, public notary or real estate agent through following links:

Lawyers:

You have to apply in writing with relevant proof to related Bar Association. Contact details of city Bar Associations can be found on www.barobirlik.org.tr website

Public Notary:

You can apply to Ministry of Justice, Lawyer & Public Notary Complaint Office

Real Estate Agents & Individuals:

You can file a complaint with Federation of All Real Estate Associations of Turkey

Visa/residence requirements

Having a residence permit is not necessary for the foreigner who wishes to buy a property in Turkey. Likewise, buying a property does not grant the foreigner permission to obtain a residence or work permit in Turkey. However, anyone wishing to buy property in Turkey who does not hold a residence permit needs to obtain their Foreigner Identity number (Yabanci Kimlik No.) from the TNP Foreigners’ Department in the nearest city (not local town)in order to proceed with the property purchase. This service is free of charge.

Buying property in certain areas

a)Persons with foreign nationality can buy maximum 30 hectares of property in Turkey in total and can acquire limited in rem right.
b)Foreigners cannot acquire or rent property within military forbidden zones and security zones.
c)Persons with foreign nationality can acquire property or limited in rem right in a district/town up to 10 % of the total area of the said district/town.
d)Legal restrictions do not apply in setting mortgage for real persons and commercial companies having legal personality which are established in foreign countries.
e)The properties are subject to winding up provisions in following cases: (i) if the properties are acquired in violation of laws; ii) if the relevant Ministries and administrations identify that the properties are used in violation of purpose of purchase; iii) if the foreigner does not apply to the relevant Ministry within time in case the property is acquired with a project commitment; iv) if the projects are not materialized within time.

Renting out your property

Everyone has the right to rent their property with the understanding that a contract is signed between the landlord and tenant. If the property is used for accommodation the landlord has to pay income tax as explained above. If the property is used for business purposes the landlord should make sure that the tenant is paying the Stoppage Tax (Stopaj vergisi).

Property deeds - TAPU

Ownership deed of land to build property in Turkey

Title deed ownership of property after building

What is a TAPU ?

According to the Turkish laws and regulations in force, transfer of ownership of a property is only possible at the Land Registry Directorates (TAPU DAIRESI). There are two types of deeds in Turkey; one is the land deed and the other is the proper title deed which you can obtain once you have your habitation certificate. Obtaining the habitation certificate is very complicated and time consuming. Therefore, prospective buyers should consider possible challenges before buying a property without habitation certificate. Habitation certificates are issued by local municipalities.

Problems with timeshare property

Time share purchases are not very common at present however it is predicted that they will become very popular in the future. Prospective buyers should study the contract very carefully (if possible to get a legal advisors opinion) and make sure that the contract is registered with the Title and Deed Office and shares are shown on the property title and deed.
FCO property fraud guidance
Other sources of advice
General Directorate of Land Registry and Cadastre
Ministry of Foreign Affairs/Buying Property in Turkey
Federation of All Real Estate Associations of Turkey

Disclaimer

This information is provided as a general guide and is based upon information provided to the embassy by the relevant local authorities and may be subject to change at any time with little or no notice. The FCO and the British Embassy will not be liable for any inaccuracies in this information. British nationals wishing to obtain any further information must contact the relevant local authority.
All credits and information above are provided by the British Government.
My VIP in Turkey only promote this information provided.

I will sell this house today

" I will sell this house today"

When selling your property. Be positive and CLEAN, CLEAN, CLEAN.
1st impressions last. Annette Bening - American Beauty shows us how.

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Residential property sales in Turkey increase.

Investment in Turkish property

Residential property sales in Turkey increased by 6.5% in August compared to the same month in 2014 and the country has seen strong growth in purchases by foreign buyers.The data from the Turkish Statistical Institute (Turkstat) shows the number of international buyers have increased 15.2% year on year.

According to some of the country’s real estate agencies that deals with foreign buyers, the market is proving particularly popular with buyers from Gulf States. My VIP in Turkey property investigators can confirm this as a development in the Turkish property market.
Prediction is that this will dramatically increase in 2016.

Arab tourists increased by 21 percent. Saudi Arabia and other Gulf countries now make up nearly 40 percent of Turkey’s 42 million annual visitors. This number will only get larger in 2016.

Most buyers come from Kuwait, Iraq, the UAE and Jordan. Arab billionaires - and royal families from the Gulf region are investing heavily in seaside residences in chic Istanbul, Bosphorus areas: Kandilli, Vanikoy, Bebek and Yenikoy, where prices can reach US$100 million. Other buyers are seeking out villas near Sapanca Lake and Kartepe, and interest in the historic city of Bursa is growing.

Arab buyers tend to prefer the Black Sea region, with the province of Trabzon growing in popularity among both Arab tourists and buyers.

Speak to our agents to learn more about property investment in Turkey.

التحدث إلى وكلائنا لمعرفة المزيد عن الاستثمار العقاري في تركيا

 

Credits - Property Wire, Property Turkey

VIP member waiting to help you find a dream home in Kusadasi - Turkey

Buying Property in Turkey - Quick advice

My VIP in Turkey

When Investing in property in Turkey

Property is one of the most common types of investment. Property investment can take many forms, such as pooled funds to buying a house, or buy to let. As the economy fluctuates, so does the property market. BUT, it will ALWAYS increase in profit over time. This has been proven for many investors in property in Turkey. This video may answer some questions.
BBC - A place in the Sun – Lawyer advice (Video)

What do investors of property in Turkey gain?

Investing in property can give two main ways to make a return:

• Rent – you can earn an income by letting out property to tenants. This is especially interesting to many foreign investors during the holiday period in Turkey. Even long term rent can bring a healthy profit.
• Selling for a profit – Buy property when the market is low and sell it at a higher price.
  

Investors have many varied MOTIVATION to invest in property in Turkey. An example can be:

• Turkey has LOW Inheritance TAX. Many invest for their family as inheritance without paying taxes applied in their home countries.
  
  
   

Risks of property investing

Property prices and demand for rentals can – and does – go up and down. If you’re willing to wait, you can ride out the losses in a slow housing market and earn profits again when times are better.
If you’re over-invested in property – for example, if most of your money is tied up in a buy-to-let property – you may end up in trouble when housing markets slow. To avoid this, you should diversify your portfolio by holding different kinds of investments.
Credit – The Money Advice Centre

Buying property directly – what to watch out for

There are several risks when you buy property directly, whether for yourself or as a buy-to-let investment.

1. You can’t get your money out quickly – unlike shares or bonds, it takes a long time to sell property.
2. It’s a big commitment – when you buy a property, you’re putting a lot of eggs in a single basket.
3. There are buying and selling costs – with estate agent and surveyor fees, stamp duty, land tax, solicitors’ and conveyancing fees to consider.
4. It’s demanding – doing maintenance work and managing property takes time and money. You may need to extend the lease – if you don’t own the freehold outright. This is another cost and can take some time to negotiate.
   

If you use a mortgage or a loan to buy property, there are additional risks:

1. There’s no guarantee you’ll earn enough rent to cover loan repayments.
2. The cost of the mortgage might rise.
3. If you don’t keep up with repayments, the bank or building society can take back the property.
   

Please contact My VIP in Turkey for more advice
Credit – The Money Advice Centre

 

Indirect property investing through a fund

With a pooled (or collective) property fund, a professional manager collects money from many investors, then invests the money directly in property or in property shares. Fund managers charge a fee for this service, which will affect your earnings.
These are all common examples of property funds:

• Real estate investment trusts (REITs)
• Shares in listed property companies
• Property investment trusts
• Insurance company property funds
• Property unit trusts
• Offshore property companies
  

Credit – The Money Advice Centre

Before investing in property

Before you make any decision about investing in property you should find out as much as you can. You can research the potential pros and cons on your own, or take advice. You’ll also want to look at whether a different type of investment might better suit your goals.
We can help and give advice.
You only need to contact us
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