Prime Property Turkey Blogs
ilyas Bey
Why are Houses So Expensive in Yalova?
It is quite a trek to travel by train and road or even by water to avoid the heavy traffic in Istanbul, but residents are grateful because of the enhanced mobility. This is because the increase in real estate prices in Yalova is largely due to its geographical position. Not far away from Istanbul, Yalova is well known to many people as it has ferry services connecting it to the city. There is also quite a good population that is using or in need of Yalova the city – within a target radius that is comfortable for commuting every day for work or business.Ferry services, which operate on a very convenient schedule, allow people to travel to Istanbul every day without facing any problems. This, of course, is for those who want a pretty decent place to live that is not too far from their place of work. All this contributes to substantially improving the value of real estate in Yalova for the population who are happy to live in a city but wish to avoid the harsh confines of it.1. Natural Beauty and Tourism AppealYalova is known for its breathtaking natural landscape which ranges from green thick forests to untouched sandy beaches, thus accommodating both residents and tourists who fall in love with the coastal life. The town has what one would term a typical coastal tourism sector except for pools of idleness as there are hot springs, nature parks, and many hiking trails, thus there is not much urban wellness tourism and activities, more of nature lovers.The attractive view coupled with the availability of activities contributes to the Yalova location being very attractive to those individuals who contemplate purchasing holiday houses or letting floors. As tourism increases, especially during the summertime, properties designed for short-term rental users are in hot demand and ultimately push the prices of these properties higher.2. Hot Springs and Health TourismYalova has been known for its thermal springs and health tourism for ages. The hot springs of the city are famous for their curative properties and people come from different parts of the globe to take the cure. Such a health tourism market has fueled the property rental demand or purchase, especially from foreign countries concerning people who wish to own a spa resort or rehabilitation center or even a simple holiday home a few meters away from the hot springs.3. Foreign Investment and InterestYalova has recently witnessed a remarkable surge of foreign investments especially from Middle East countries. Some foreigners wish to invest in Yalova not only for its geographical location which is close to Istanbul and picturesque views but also because of its considerably low prices as compared to such places as Istanbul or Bodrum. Yalova has captured the attention of these ex-pats with the real estate ‘buy citizenship program’ especially suited to the ex-pats who wish to invest both in their lifestyle and monetary aspects.With rising demand from foreign investors comes increasing competition on the limited housing resources which invariably results in an increased demand for the properties. In addition needless to say high-end developing properties for foreigners have significantly escalated the real estate prices in the country, especially along the coastal areas.4. Climate and Quality of LifeYalova has a Mediterranean climate that consists of mild winters and warm summers making the city a suitable year-round destination for both residents and tourists. The city shows high living standards, clean air, the presence of nature, calmness, and wide open spaces, which are the main reasons that would keep the city suited for older couples, families, and other individuals who want to take a break from city hustle and bustle.The rising living standards in Yalova attract more and more people to the town, thus the supply of houses for sale has lagged behind the demand causing housing prices to rise unavoidably. This is compounded by the fact that Yalova is surrounded by some of the largest cities creating the perfect environment for a second home, hence the increasing demand for leisure houses and retirement homes.5. Government Policies and IncentivesIn addition, the implemented government policies such as infrastructure investments and incentives for non-residents, have also resulted in a dramatic increase in real estate prices in Yalova. The Turkish authorities have eased restrictions on the acquisition of real estate by foreign citizens with the purpose of increasing the demand, which in turn, has resulted in the market becoming an almost cut-throat one.On the back of such encouraging policies, Yalova has turned out to be a center of attraction for real estate developers and investors, especially those who are out to benefit from the development of the city. Hence, the vicious circle on the tussle for space has escalated, consequently, pushing up prices.Conclusion: The surging house prices in Yalova have not been an accident but the interplay of a number of compelling events; strategic proximity to Istanbul, environmental aesthetics, thriving tourism, high value for foreign returns, and continuous expansion. For the investors, Yalova beckons not only as a place to enjoy but also as an assurance of appreciation and recouping of a fortune after some time.
ilyas Bey
How Much is Property Tax in Antalya?
With Turkey's charming Mediterranean Riviera, Antalya has become an appealing location where demand for property investment has skyrocketed. Whether it is to buy a second home or to invest in real estate, realizing the importance of property taxes is imperative.This article is going to let you know all the details including property tax rates in Antalya, how they are assessed, and tips you will find useful in relation to your tax payments.Property Tax Rates in AntalyaReal estate taxes in Turkey are assessed on the effective income earned from renting the assessed property. Turkey also has “Metropolitan Areas” wherein big cities like Antalya are ranked and met with population classification systems where tax rates in such cities are generally higher than tax rates in towns and rural areas.The taxation rates fetched by the property owners for the state of Antalya are illustrated below:Residential Properties: In cities like Antalya with a large metropolitan population, it is expected that there will be an imposition of property taxes, and residential building property tax rates will generally stand at 0.2% of the recorded value of the property.Commercial Properties: While commercial properties or business properties do tend to be a little more expensive, the property tax rate is 0.4% of the declared price of the asset.Land: For lands within the limits of Antalya, a property tax of 0.2% is applied to property owners. In the case of the land under development, the tax applicable is lower at 0.1%.Agricultural Land: In Antalya, the tax charged on agricultural land is 0.2%. The rates mentioned above are charged on a yearly basis and are on the assessed value of the property as per the records of the local municipality.Tax Incentives and Exemptions in AntalyaPart of Turkey's architecture, also has some tax reductions and exemptions, and given that certain conditions are satisfied, it is possible to enjoy a lower rate of property tax within the city of Antalya. Some of the major exemptions include:First Time Home Buyers: If it is the first house that is being purchased by the taxpayer, he or she might be entitled to a less expensive property tax for a specific period.Pensioners and People with Disabilities: Property tax exemptions shall be also extended to retirees, disabled persons and persons such as veterans. In case the house is the main home and the house is not larger than two hundred meters in square, the owner may be exempt from paying the yearly property tax.Poor citizens: People who have a low level of income and hence are not able to afford the full burden of the property tax are also allowed a certain percentage of exemption or reduction on the property tax.Finally, it is essential to contact the local municipality, to verify that such or any other tax reductions or exemptions are applicable to the taxpayer.How to Pay Property Taxes in AntalyaNot only is paying property taxes in Antalya easy, but it also comes with different options. Here are your choices:Online payment: The most convenient is the option of paying property tax online via the municipality’s portal. You will log in with your tax ID number and follow guidance until payment is made.In-person Payment: You can also pay directly at the local tax office or municipality building in Antalya. You just need to show your property registration details, and the amount due shall be paid.Bank Transfers: Property tax payment services are also provided by a lot of banks in Turkey. For example, you can go to the bank and transfer money to the municipality or do it on the bank’s online system.Always remember to keep your payment receipts in case of any claims regarding the payment in the future.Penalties for Late PaymentThe failure to pay your property taxes within a period can attract nasty penalties. The Turkish government has a system of imposing late fees that is gradually increasing every month. In order to save on these additional costs, property taxes owing are therefore advised to be paid on time or owners can sweet talk the municipality to set up a schedule for paying the taxes owed.Conclusion Antalya's growing appeal as a prime property investment location makes understanding property tax obligations essential for potential buyers. The property rates in the Antalya region are average as is the case with other regions in Turkey but as a big city, it is higher than in small towns.
ilyas Bey
How Much is Property Tax in Bodrum?
Bodrum, situated on the Aegean coast of Turkey, is a breathtaking coastal city that has attracted many property investors. You should understand the tax obligations if it is a vacation home or a long-term real estate investment. In this blog, we discuss the property rates in Bodrum, how property taxes are calculated, and useful information on how to settle your property tax on time to be safe from penalties.Property Tax Rates In BodrumAs this word is understood property taxes in Turkey (‘Emlak Vergisi’) are fixed according to the classification of the property and to that of the district of its location. Being a famous metropolitan municipality, Bodrum has also defined property tax rates for residential, commercial, and land properties.Here are the main property tax rates in Bodrum:Residential Properties: Property tax for a residential house in Bodrum is 0.2 % of its assessed property value. This is the basic rate for houses in metropolitan areas like Bodrum.Commercial Properties: The tax rate for properties in use such as buildings housing shops, offices, and hotels is 0.4%. This is because such structures are considered to have a higher commercial rate in a busy place like Bodrum.Land: The property tax rate for land in Bodrum also stands at 0.2% of the assessed value of the land. However, if the land has not been built on (vacant land), then the tax is lesser at 0.1% so as to encourage building development.Agricultural Land: Generally, the property tax rate for agricultural land is 0.2%. However, when the agricultural land in use is pending certain conditions, the owner can receive some tax alleviations or even total exemptions.Exemptions and Deductions on TaxesTurkey has in place a series of tax exemptions and reductions for certain people. If you own a house in Bodrum, you may be entitled to some of these benefits, thus lowering the property tax due and payable by you. The main exemptions and reductions are given below:Retirees: If you are a pensioner and earn no other income than a pension, you may not be liable for property taxes in Bodrum on your principal residence, subject to the house being under 200 square meters.Disabled Individuals: Properties owned by disabled persons, war veterans, plus some other low-income earners may not attract property tax for the primary residences.First-Time Home Buyers: There are some tax concessions for first-time home buyers. However, there appear to be specific conditions under which this applies. It’s worth looking up with the local municipality whether you fall under this.Property under Construction: If you possess land or constructions still under development, you might qualify for lower property tax rates, especially in cases where the construction will be intended for dwelling purposes.How to Pay Property Tax in BodrumPaying property tax in Bodrum is an easy process. There are many ways to ensure that the payments are made promptly:Online Payment: A good number of property owners in Bodrum would choose to settle their property taxes through the municipality’s official website. All that is required is entering one’s tax identification number, filling in one’s property details then paying as directed.Municipality Office: In Bodrum, you can also pay your property taxes at the local municipality office in person. Pay attention to carrying property documents and identification to enable smooth processing of payments.Bank Transfer: Most of the banks within Turkey have a property tax payment service. Either visit the bank or use the online banking system to pay the taxes. It is advisable to have the property details and the relevant municipality’s bank account beforehand to make a transfer.Conclusion:The rates of property tax in Bodrum are similar to those of the other metropolitan areas in Turkey, with different rates charged for residential, commercial, and land properties. Whether it is for a vacation home or a business premise in this marketable coastal city, it is paramount to know the tax requirements.Knowing how properties are taxed, the tax rate, and making timely payments will help you avoid inconveniences such as fines, and help in protecting the investment in Bodrum. Where a property owner is eligible for any exemptions or reductions, such should be utilized to lower the tax. Staying current with your real estate tax responsibilities will allow you to appreciate the beauty of Bodrum without fear of losing your money.
ilyas Bey
How Much is Property Tax in Fethiye?
Fethiye, and specifically Fethiye Hills, a real estate haven due to its thriving tourism sector situated on the southwestern part of the turquoise coast of Turkey, is a town that has witnessed hundreds of tourists keen on buying property. With all its selling amenities, mouthwatering beaches, Mediterranean lifestyle, and culture infused with history and advanced technology, it is not only tourists that have set foot in Fethiye, property owners have also come into the picture. Therefore, one of the first things that property buyers in Fethiye inquire about is: “Do they have to pay a property tax, and if yes how much?”If you are planning to buy a house or an apartment in Fethiye, you need to get acquainted with the property purchasing tax system in Turkey, especially in this picturesque region. Many factors determine property tax obligations in Fethiye, thus it is important to comprehend them so that you can invest more efficiently.Property Tax Rate in Fethiye In Turkey, we can differentiate the property tax rates based on the regions as in the metropolitan municipalities or the middle-sized or nonmetropolitan areas. Fethiye is found in the latter region and hence Fethiye property tax rates are comparatively lower than those of huge cities like Istanbul or Ankara. The property tax rates in Fethiye emerge as under:Residential assets: – 0.2% of the assessed market value of the property; including land and improvementsCommercial properties: – 0.4% of the assessed value of the property including land and any improvements to it.Land (not developed) – 0.2% of the assessed value of the property including the unimproved lot and any improvements other than buildings.Farmland: 0.1% of the assessed property value.It has to be mentioned also that those base rates are applied on an annual basis. To illustrate, based on the same valuation date (incomes and value of property for the year 2020), if a residential house owned and occupied by the taxpayer in Fethiye has a market value of 1,000,000 TRY, the annual property taxation borne by the property owner shall be 2,000 TRY (that is 0.2% of the property taxable market value of the real estate).How Do Property Valuations Work? The property tax that the owner shoulders in Fethiye is dependent on the assessed value of the property. The local municipality is responsible for ensuring this through periodic assessments. The assessed value does not differ from the market rate in most situations, but at times, it can be less. Every four years, municipalities also carry out evaluations meaning that there are instances where property values and the taxes they attract may go up after every assessment cycle.If you are going to invest in a real estate property in Fethiye, you can also utilize the expertise of professional independent valuers who will provide a good estimation of the market price and the difference in the valuation.Other Costs to Think AboutIn addition, it is also necessary to know that there are broader costs — besides the property tax itself — involved when buying real estate in Fethiye:Title Deed Transfer Fee (or Tapu Harcı): This is a fee that is often paid only once during the transfer of ownership of the property and is 4 percent of the declared property value. This cost is usually split between a buyer and a seller unless otherwise discussed.Capital Gains Tax: If you decide to sell your real estate while in Fethiye within 5 years of acquiring it at a profit, you will pay capital gains tax on the profit. The tax rate varies with the profit earned, but it is not applicable for those who sell the property after 5 years of holding it.DASK (Compulsory Earthquake Insurance): All owners of properties within Turkey are expected to purchase earthquake insurance. This cost depends on a property’s size and type, but for a typical Fethiye apartment, the cost is between 150 – 250 CAD per year.Annual Property Maintenance Fees: These include averages for restaurants, beach loungers, and other amenities located in the owned land but not exclusive to the owner. If you own a house in a compound, these are the fees you will have to pay for the upkeep of shared amenities such as swimming pools, gardens, and security, among others.Conclusion:Fethiye’s coastal belt and its low property tax rates are reasons enough for both Turkish citizens and foreigners to purchase Fethiye properties. Property in Fethiye is heavily taxed, but not as much as in other cities in Turkey considered to be metropolitans, and the area has many areas well suited for investment such as homes and businesses.
ilyas Bey
When to Hire a Real Estate Attorney?
There is an exponential growth in the real estate sector in Turkey over the past few years and that has even led to both local and foreign buyers seeking to invest. In addition to the attractive cities of Istanbul, Antalya, and Bodrum where the property is cheap is one of the places that people like going to invest in real estate. However, purchasing a house, or any property for that matter in Turkey has several legal and bureaucratic challenges mainly to foreign investors. This is the reason why one needs the services of a real estate attorney.In this blog, we will discuss when one should employ the services of a real estate attorney in Turkey, and how this professional will assist in dealing with the property business’s legal intricacies.Why is a Real Estate Attorney Important?The primary focus of a real estate agent is the property deal; searching for the target property, booking the property, and conducting negotiations. However, a real estate lawyer's key aim is to ensure that all the legal processes relevant to the deal are followed to the end. Unlike in many other countries, in Turkey property can’t be acquired without conducting numerous legal and administrative procedures and timings. A real estate attorney can help alleviate the distressing challenges posed in case of a failed transaction such as losses, illegal dealings, and even lawsuits.To help you understand better, we have identified some of the key instances in which it is necessary to employ a real estate attorney in Turkey:1. Purchasing Real Estate As A Foreign InvestorForeigner citizens are also allowed to purchase property within the Republic of Turkey; however, this approach may appear more complex than for local buyers. Foreign investments are more complicated in that there are some rules of engagement that every foreign investor must observe and above this, there are some activities that are restricted including buying property within the military boundaries.A real estate attorney will:Verify whether or not the real estate is in an area that is permissible for purchase by foreigners.Assist you in getting necessary permissions from appropriate local agencies, including military approval of the real estate.Help you in the process of international money transfer and the collection of relevant documents.Make sure that the title of the real estate does not carry any adverse registrations, related to debt or any mortgages.If you are residing outside Turkey, it is advisable to engage the services of a lawyer familiar with the Turkish laws on Real estate, or you may find yourself in problems.At Prime Property Turkey, we can offer you hassle-free consultation and legal assistance to ensure you have an easy time investing in Turkey.2. Approbation of the Property Title and Its OwnershipIn the Turkish real estate market, one of the major risks is that real estate transactions may turn out to be fraudulent. Therefore, a seller might not be the absolute owner of the property he is selling or there may be even legal issues concerning the ownership of the property. A full range of investigations will be performed on the property title (Tapu) by a Turkish real estate attorney to ascertain the following: The seller is the bona fide owner of the property being sold.There are no liens, encumbrances, or any legal claims over the property concerned.There are no existing conflicts over the land in question nor the building situated thereon.Thus, if you hire a lawyer, you minimize the risk of buying a house that has legal problems concealed from you, which may cause financial losses.3. Contract and Legal Document ManagementIn Turkey, property transactions necessitate the execution of so many legal documents such as purchase agreements, title deeds, and contracts with developers where construction is yet to be completed. Moreover, such documents are mostly in Turkish and therefore may prove to be quite difficult for those who are not familiar with the language.The duties of your real estate attorney will include the following:All the above-mentioned contracts and legal documents will be reviewed for accuracy, clarity, and their overall benefit to you.Determining whether all the clauses and the terms do comply with the Turkish real estate laws.Assist one in having a clear picture of the obligations, responsibilities, and even the risks one is taking before signing any contracts.If need be, negotiate with the seller or developer for any terms in the contract that may be unfavorable to you.Conclusion:In summary, whenever one decides to buy property in Turkey, whether a citizen or a foreigner, there are legal hurdles to overcome. Seeking the assistance of a property lawyer is not only a preventive measure, it is a very important action aimed at the smooth completion of real estate sell/buy transactions. Real estate attorneys are necessary, for checking property titles to contracts, and more importantly, resolving conflicts associated with buying and selling in Turkey.
ilyas Bey
Why are Houses So Expensive in Bodrum?
Bodrum, situated as a sweet escape on the southwest coast of Turkey, has become a trademarked brand associated with luxury, beautiful sceneries, and lively engagement. Dotted with blue seas, world-class harbors, and a contrast of ethnic and modern buildings, Bodrum is indeed a people’s destination for the residents as well as foreigners. Nevertheless, increased fame comes with a prize as the housing price index in Bodrum has risen.In this post, we shall get to the real scenario of how and why houses in Bodrum are so costly.1. High-End Tourism and the Draw of the StarsA luxury film star lust enclave is perhaps the single most contributing factor to high property prices in Bodrum. For years, Bodrum has been a playground for the rich and famous and the glamourous. This contributed to the development of luxury tourism, with its resorts, restaurants, and beach clubs, and hence the need for luxury villas and penthouses as well as sea properties.As the high-profile vacation destinations change, we notice more and more people from different countries. Most of them have even ordered second residences or holiday houses in the region, thus increasing property values both overall and specifically in certain exclusive areas such as Yalikavak, Göltürkbükü, and Türkbükü.2. International Investments and Vacation PropertiesThe property market of Bodrum has witnessed great amounts of foreign national homeowners, especially from Europe the Middle East, and Russia. The unforgettable charm of Bodrum with its sun-kissed beaches and placid environment makes every foreign national consider the place as the best option to own a vacation home. Moreover, there are provisions in Turkish laws that allow foreigners to acquire property in the country.3. Limited Land AvailabilityThe most compelling factor behind the escalating property costs in Bodrum is the lack of land availability. Considering the topography of Bodrum which has an extensive rugged coast, hills, and areas set aside from development, the potential for extensive development is very minimal. The majority of the coast has been developed or is under preservation from any development soon, thus there is hardly any space for new housing developments.This scarcity of available land, especially those located strategically and closer to the water, has led to an increase in land values. Developers have no option but to either construct on the few remaining plots or go further inside the country where the properties may not be so attractive. As the available land narrows down, it makes the present properties more expensive which brings in the blame for the ever-rising home prices.4. The Upsurge in the Luxury EstatesBodrum has witnessed investment inflows that have led to the development of more luxury real estate as the appetite for more expensive residences increases in the region. Such developments can incorporate modern features such as swimming pools, gyms, home automation systems, and even a concierge. Most luxury houses and condominiums offer stunning sea views and/or come with private beaches or even private docks for yachts.5. Creation of Infrastructure and Town PlanningIn the last couple of years, Bodrum has been the beneficiary of massive spending on infrastructural development hence increasing its appeal to tourists and residents alike. Enhanced transport networks and public amenities, international education facilities, and quality healthcare have all contributed to making the area bearable and manageable for the people who have made it their home for quite some time.The development of the Bodrum Airport is another reason. This has had an impact on the town’s economy as well as the real estate industry. The airport connects domestic and international flights allowing visitors to Bodrum from major cities in Europe and the Middle East with ease. This has also contributed to making Bodrum a popular weekend or a holiday destination hence increasing the demand for vacation houses.6. Strong Rental MarketThe surging demand for short-term rental properties for both leisure and business purposes thanks to Bodrum's excellent tourism, has opened up the potential for staking a claim on property within the region. Most of the investors in real estate in Bodrum are not only purchasing the properties for their own use but will also lease them out during the peak seasons for tourism.The capacity for decent returns on rent has made the real estate market in Bodrum very attractive to investors. Holiday accommodation rentals achieve better returns due to the booming tourism industry, especially in seaside or other travel hotspots. Therefore, it is not uncommon for homes that have rents attached to them to be placed at a higher range for the sole reason that the investors are ready to part with such an amount to enjoy the pleasure of the property as well as make some money out of it.ConclusionSeveral factors contribute to the development of Bodrum's real estate market making it one of the most expensive regions in real estate investment in Turkey. Luxury tourism, foreign investments, limited land resources, and a strong rental market among others make Bodrum an attractive place to live and thus expensive.For potential investors hoping to put their money in Bodrum, grasping all these facts is very important. Even though property prices can be high, the allure of residing in such a Mediterranean dream as Bodrum and the prospects of reasonable rental income invested in the housing market in Bodrum is logical, both for personal and financial purposes.
ilyas Bey
How Much is Property Tax in Istanbul?
Among all the cities of Turkey, Istanbul is the most populous, and there are many things that this modern city can offer — a rich history, diverse populations, a fast–developing industry, and a growing real estate sector. If you own property in Istanbul or are thinking of investing in such a place, knowing how the property tax sphere works is quite important. This is because everyone who deals in real estate buys commercial as well as residential property in Istanbul inclusive of property taxes. In this post, you will learn the basics of the tax system, how much you will have to pay in this case, and what makes the rates vary.Overview of Property Taxes in IstanbulThe property tax in Turkey is provided by the property tax law and the practice rates differ according to the area of the property in question. As Istanbul is a metropolitan municipality, its property tax rates are similar but not identical to other regions. The tax applies to residents as well as foreign residents and is paid on an annual basis by all of them.Property tax is imposed on properties by municipal treasuries based on the assessed or taxable value of the property as released by local municipal authorities. This value is typically less than the market value of the property but still constitutes a good weight of the property. The property tax rates are prescribed as a percentage of this assessed value.Istanbul Property Tax Rates OverviewIn Istanbul, the general property tax rate can be summarized as follows:Houses: 0.2% of their taxable valueShops and other businesses: 0.4% of their taxable valueEmpty lots: 0.3% of their taxable valueLands earmarked for construction: 0.6% of their taxable valueThese rates are payable on an annual basis and may be subject to periodic changes or modifications. Nevertheless, since Istanbul is a metro city, property tax rates are higher as compared to smaller municipalities where the rates are usually low in nature (for example; 0.1% for houses).Elements That Influence Property Tax RatesNumerous factors can influence the amount of property tax payable by a resident of Istanbul:Geographical Position: The taxable assessment of property also varies within the city of Istanbul according to its surrounding areas. The taxable rate for properties within the primary locations such as Besiktas, Nişantaşı, or Levent will be particularly higher than other locations simply because of their attractiveness and demand in the real estate market.Nature Of Property: As demonstrated above, differing property types – residential, commercial, or land, for example, – will have differing tax rate levels. Commercial properties and land usually impose the highest tax charges.Purpose of Holding Property: Let us assume a case where a residential apartment is utilized for business purposes. In such a case, it is possible that the rates may rise in accordance with the residential apartment’s classification as a business entity.Reports On Property Owned By The Charity: The constituent territories or republics within the country’s federation sometimes conduct a new assessment of existing real estate property. If the re-evaluation of the lease changes and becomes more expensive than the previous one, then it will follow that the tax for that property will also increase.Tax Exemptions and DiscountsSome kinds of exemptions and discounts are attachable to particular categories of people:Retirees, widows, and handicapped persons would normally qualify for property taxation waivers or reduced rates particularly when the property in question is their single residential house. First-time buyers would also qualify for reduced rates or even exemptions in some instances.It will also be prudent to consult the local authorities if you qualify for any of these benefits.ConclusionAmong other factors that any person who already owns or plans to buy property in Istanbul has to consider, property tax is also essential. The rates in question are low compared to other parts of the globe, but it is important to know the taxable value of your property, the relevant rates, and when exactly the tax needs to be paid. This way, you will avoid unnecessary penalties concerning these obligations and enjoy property ownership in one of the most vibrant cities on earth with ease.
ilyas Bey
How Much Do Property Managers Charge?
While investing in rental properties can be a profitable venture, managing them can be a hefty task. Finding tenants, collecting rent, dealing with maintenance issues, as well as ensuring that all the property regulations are complied with can be quite tiresome. Most property owners tend to hire the services of a property manager to relieve themselves of such duties, however, the price one has to pay for their services has a broad range. In this blog, we will discuss the standard practice of property management costs, the scope of determinants affecting such costs, and what property managers bring to property owners.Property Management Fees ExplainedProperty management fees are the rates that owners of rental buildings are expected to pay to property management firms for their services. Such fees may differ and may include the following services: Finding and Qualifying TenantsCollecting RentProperty Management/RepairAccounting ServicesPreparing and Enforcing LeasesDealing with Tenants and EvictionsManagement Fees that a Property Owner is Likely to ExperienceThe fees property managers charge vary due to several geographical, property type, and service provision factors. Below are some of the common fee structures:Monthly Management FeeThe most typical structure of the fee is a monthly management charge that is usually between 8 to 12 percent of the collected monthly rent. Take for instance, your rental property brings in monthly revenue of $2000, thus one will spend on average $160-240 each month for property management services. Sometimes, this amount can also cover extra services, which may include communication with the tenants and works maintenance management.Leasing FeeAn additional fee, a leasing fee, is usually charged by most property managers, which is incurred when a new tenant is found and placed in a property. This charge often falls within the range of 50 to 100 percent of the first month’s rent. For example, if the rent of your house is 2000 dollars, then the leasing fee will be around one thousand dollars to two thousand dollars. Long-term tenants or season rentals may fetch lesser attaching fees with some property management companies.Renewal FeeSimilarly to the reinstatement of the lease agreement, a renewal fee is also charged when the existing occupant decides to stay for longer, and such fee ranges between twenty-five to fifty percent of the monthly rent in most cases. This is to pay the property manager for the additional resources invested in completing the documentation in regard to extending the lease.Expenses Related to Maintenance and RepairProperty management companies frequently take maintenance and repair requests from property owners on their behalf. A lot of managers with monthly management fees however may also include certain costs for repairs and maintenance assistance services. This fee may change depending on the type of repair done and the relationship existing with the contractors.Costs Related to Advertising and MarketingIn case a rental unit is vacated, in most cases, the property managers are charged with the responsibility of advertising the property and marketing it to find possible occupants. Some managers may incorporate this in the monthly management fee while others may charge extra for the advertising with the costs varying on the modes of advertising ( like the use of the internet, newspapers, or magazines).Elements Affecting the Cost of Property ManagementSome reasons can affect the expenses charged by property management firms. These reasons are important when choosing a property manager.Geographical areaThe geographical region of the property management will greatly influence the management costs. In big cities, where demand for rental apartments is high, property managers may be on the higher side. In smaller towns, however, where there are few property managers, their management charge is low.Property Management typeManagement fees may also differ based on the nature of the property. Managing detached homes may carry unique costs from managing attached houses, offices, or rented-out lodges. Those properties that for example, need a lot of management, or are more specialized will also tend to have expensive management costs.Service LevelsService levels in different property management companies may also determine the cost. Furthermore, such organizations that incorporate management technologies for effective property management, such as mobile payments for rents or tenants’ communications, will also have high charges.Conclusion:Property owners interested in professional management services need to understand how much property managers charge as well as the different fee structures involved. Fees can be anywhere between 8% and 12% of the monthly rent, and this may not exclude other charges like leasing fees and maintenance costs, however hiring a property manager is usually worth the expenses. When the property management functions and duties are outsourced, it saves time, promotes adherence to the legal requirements, and most importantly, increases the rents collected. When done right, hiring a good property manager can make owning rented-out properties profitable and rewarding.
ilyas Bey
Easement vs Right of Way
You might find yourself using the words “easement” and “right of way” whenever you are in a discussion over ownership of property. These two concepts, however, have different meanings and can’t be applied the same way in all situations. One needs to appreciate the importance of the differences in definitions of easement and right of way as far as property access and usage rights of other persons are concerned.In this blog, we are going to look at the differences that exist between easements and rights of way, the various types, and their effects in terms of property ownership.What Is an Easement?An easement can be defined as the right accorded to a person to enjoy the use or access of land owned by another for some particular reason without the necessity of owning the same. Easements are situations in which property owners are allowed to cross over other people’s lands to access certain facilities like utility lines, driveways, or footpaths. Thus, it is like giving a portion of one’s property to another person for certain specified purposes, but not all rights about ownership.Types of EasementsThere is a variety of easement types that differ in purpose:Appurtenant EasementAppurtenant easement concerns two plots of land- dominant (the plot that is entitled to the benefit of the easement) and servant (the plot that gives the easement). An example of such easements occurs when a property needs to use a road, a driveway, or some utility existing on a neighboring property. Example: A person may enjoy easement rights for access across a neighbor’s driveway to reach her house if its only access road is through the neighbor’s property.Easement in GrossAn easement in gross directly benefits a person or business rather than an actual piece of land. This type of easement has no dominant estate but continues to encumber an estate. Often these types of easements are issued to the utility companies enabling them to use someone’s land for the provision of power overhead lines, piping, or sewage systems. Example: A utility company may have an easement in gross allowing it to run electrical power lines over your lot, but this easement is not for a lot adjacent to yours.Prescriptive EasementPrescriptive easements can be claimed in cases when a person freely, openly, and without permission uses someone’s property for a certain period of time (which differs according to local lawsExample: If a neighbor has been traversing your driveway to go to their house for a long period without any objection, they may apply to the court for a prescriptive easement allowing them to continue doing so.Express EasementIt is a kind of easement documented in writing with an agreement between the owner of the properties and the person benefitting from the easement. These are usually registered a on property deeds or contracts, therefore making the arrangement official and enforceable by law.Example: Two neighboring landowners can decide to formalize an express easement concerning the use of one landowner’s land for driveway access by the other landowner.The Impact of Easements on Property OwnershipOwning property comes with various easement implications that directly affect the easement owner. Generally, easements do not grant possession of the relevant land; however, they restrict the use of the property by the dominant tenement holder. For instance, if there exists an easement over your land, it may be impossible to put up any structures or even erect fences in that area because doing so would interfere with the activities of the easement holders that are entitled to them.In addition, easements are usually forever and ‘run with the land’ which means they persist in the practice even after the ownership of the property has changed hands. This could impact how the property is appraised and thus this is a factor to bear in mind while buying or selling property.Definition of Right of WayA right of way is a certain class of easement that allows a person to pass through another person’s land. It conveys a non-possessory interest, in that access is afforded through the land but not ownership or any other form of control is exercised.Such easements are generally allowed in situations when one parcel of property is “landlocked,” meaning it cannot be accessed from a public roadway unless goes onto property owned by another. In these situations, a right of way usually protects the homeowner's ability to get in and out of their house, even if it means traversing the property of a neighbor.Rights of Way vs EasementsSimilar to easements, most rights of way are easements. However, some distinctions exist. A right of way exclusively pertains to the right to traverse or reach a certain tract of land belonging to somebody. In contrast, an easement may allow for a wider scope of activities, such as the placement of electrical or plumbing services or waterways.Furthermore, a right of way is often confined to access only, while other forms of easements might permit further encroachment on the land.How Easements and Rights of Way Are CreatedSuch rights can be acquired in various ways as follows:Written AgreementThis is the most popular method of all which requires the property owner and the said beneficiary of the easement or right of way to enter into a formal and detailed written conduct. This instrument is later lodged with the relevant authority which will ensure that it forms part of the legal records pertaining to the property.DeedEasements and rights of way are commonly provided for in the deed relating to the particular property. When such property is subsequently conveyed to a new owner, that new owner has to respect the rights of the previously existing easements or rights of way over the property limits.NecessityA right of way is sometimes obtained as a result of necessity for example a case of a person owning a piece of land which is surrounded by other properties with no access points. Under these circumstances, the available remedy would be to apply to the courts for a right of way.PrescriptionJust as in the case of prescriptive easements, so too with rights of way: these may be created by the establishment of a right by continuous and uninterrupted use. If for instance, a person uses and passes through a beaten track on a piece of land that is otherwise owned by another person, for several years without any interference from the owner, the person using the track would be entitled to use the track forever.Conclusion:An easement is a legally recognized permission given to one person to use some portion of the land that belongs to someone else for some specified objective, whereas a right-of-way is a particular type of easement over someone’s property to get to another property. Both of these usually affect how a property is used and its value, hence it is advisable to be aware of one’s rights and the consequences of such agreements.
ilyas Bey
Is Real Estate in Istanbul Profitable?
The city of Istanbul in Turkey is a vibrant city full of richness within itself combining both historical aspects and contemporary allure. This makes it a very friendly place for holidaygoers as well as persons seeking investment in homes. The city has developed remarkably well over the last few decades and expansion of the real estate market in the city has become one of the most profitable ventures in Europe and Asia regions. But the burning question is: real estate in Istanbul, is it worth the stress? That was trying to understand and evaluate different things, for instance, property prices, rental yields, and risks, demand on the market, and economic projected growth. This post explains why Istanbul’s real estate market is thriving and how real estate investors in the city can benefit from it.1. Geographical Advantage and the World’s InterestYears of experience, practice, and skills gathered by its builders, allowed them to create one of the most valued operative systems on the market for the last twenty years. Istanbul is located at the crossing point of Europe and Asia. The junction’s geographical advantage creates a favorable environment for the flow of trade, tourism, and cultural activities. Real Estate in cities with high interconnectivity tends to yield higher profits due to increased demand, and so is the case for Istanbul.Istanbul possesses more attractions than a mere geographic one. The history of the city along with its cultural activities, as well as the many foreign nationals residing in the city, make people love the city including the natives. Whether people are buying properties for domestic use, as holiday homes, or putting them up for rent, several kinds of real estate properties exist in Istanbul to suit everyone’s preferences and financial capability.2. Increasing Demand for HousingIstanbul has recorded a consistent population increase, hence the need for housing has been active throughout. The city has a population of more than 15 million people, and this is likely to increase as more people move from the countryside to the city. Therefore, with this extra population growth, demand for residential properties and even commercial properties is still quite high.Apartments in particular located in central or easily accessible places such as Beyoğlu, Şişli, and Kadıköy attract a large number of professionals, families, and foreign residents. Moreover, several residential projects have recently come out in areas such as Başakşehir and Beylikdüzü that provide low-priced housing to the middle class, hence increasing the demand.Investors who buy real estate in areas where demand is high in the face of population growth do so in the hope of property value appreciation and rental income.3. Low Prices of Properties Compared to the Prices in Other Western CitiesCompared with other world metropolises such as London, Paris, or Dubai, property rates in Istanbul city are quite inexpensive. Although the costs have changed with the upward trends, predominantly in recent years, the prices are still cheaper in comparison to most of the investors from Europe, the Middle East, and Asia. This aspect of pricing works well to the benefit of many foreign investors who are keen on entering the burgeoning business that is currently based in Istanbul without incurring exorbitant costs.As an illustration, one can find residences of the same class in European capitals which are more expensive than luxurious condos located in the very center of Istanbul. Investors of all ranges can make their way to finding the opportunities they seek whether it is luxurious properties or cheaper, less developed regions. This affordability also applies to the costs incurred in maintaining and managing the properties, as a result of which the overall returns from the investment are great throughout the years.4. High Rates of ReturnRental yield, which is the investment value an investor hopes to derive from renting out a real estate property is one of the most important aspects in measuring the feasibility of the real estate investment. Istanbul records high rental yields, especially in the residential and hospitality sectors. Communities like Beyoğlu, Beşiktaş, and Kadıköy have a dynamic rental oscillating market as they are situated near the central business district of offices, universities, and leisure areas.5. Political Premises for Foreign InvestorsThe Turkish administration has in recent years caused the formulation of various policies and strategies to encourage the inflow of foreign investment in the real estate segment. Among the far-reaching initiatives is the Turkish Citizenship by Investment program which provides for the acquisition of citizenship by individuals who purchase real estate with a market value of at least 400000 US dollars. This in turn has created a heavy influx of investors, principally in Middle Eastern countries and Asia where people looking to buy property along with a second passport have come. Conclusion Is real estate in Istanbul profitable? In short, we can conclude that real estate in Istanbul is a developing market with strong prospects for profitability. The city has potential owing to its geographical location with an expanding population, cheap property prices, high rental returns, and support from the government. Also, the infrastructural developments in the city and active tourism further boost the country’s real estate market.
ilyas Bey
Why Do So Many Real Estate Investors Come to Turkey?
With beautiful views, a rich culture, and a middle position between Asia and Europe, Turkey has become a place for many real estate investors from every corner of the world. But it’s not only the endowments of nature and the sights full of history that make investors come here. From a pro-investment policy of the government to an ever-growing tourism industry, the country is unique in a combination of factors that have already captured the attention of local and foreign investors.1. Strategic LocationIt is rather obvious why Istanbul has earned the bark of the ‘Gateway to the East and the West’; Turkish living is indeed centered on Istanbul. Residential and commercial properties in Istanbul allow businesses and people alike to participate in the dynamic, cosmopolitan center.The airports, seaports, and road networks in the country are developed and therefore convenient for those looking for connectivity. There is also an opportunity to take advantage of the trend of real estate in the primary zones since Istanbul is a world city.2. Expansion of the Tourism SectorThe travel and tourism industry in Turkey has been growing gradually over the years with an influx of millions of tourists visiting the country every year. Consequently, the growth has translated to a higher demand for short-term rental accommodation in primary-demand regions such as Istanbul, Antalya, and Bodrum.Overseas property buyers are keen on investing in holiday homes, beachfront villas, and apartments located near well-preserved historical sites due to the publicity of the country’s tourism industry.Real estate developers will appreciate the fact that there is great potential for rental income. Properties located in areas where there are many tourists, present high chances of returns on investment, especially when the tourist's peak seasons come. The clients are ever-flowing hence the rental market is always active which means that real estate owners are guaranteed stability in the long run.3. Attractive Government IncentivesThe government of Turkey has taken several steps towards enticing foreign market players to domestic real estate. One of the notable ones is the Citizenship by Investment program where a foreign who invests in real estate of at least $400,000 is qualified to be a Turkish citizen. This has proven to be a revolutionary concept to the property market as it has many potential investors who are willing to buy properties as well as a second passport.As an additional benefit, citizenship is offered to foreign investors in Turkey. The Turkish government provides tax advantages, and legal safeguards to foreign investors making the investment process much more straightforward. These cut down on the risks usually found in investing in properties overseas, leading many investors to seek the real estate market in Turkey.4. Property Prices are LowWhen examined against several European countries, property prices in Turkey are fairly low. Investors from high-cost markets such as the UK, Germany or the UAE view real estate in Turkey as cheap. In coastal cities, luxury villas, and modern apartments are being sold at a lower price than found in other Mediterranean nations like Spain or Italy.Real estate in Turkey is relatively cheap in light of the high possibilities of earning profits and this encourages many real estate beginning buyers and even advanced ones. Whether it is high-end apartments for sale in Istanbul, or seaside villas for sale in Bodrum, there is real estate that suits every pocket without leaving the rewards of a fast-advancing market. Investing in real estate in Turkey is also relatively low in price. There is huge potential both from a business point of view and in the real estate market of Turkey for anybody willing to invest.5. High Returns from RentalsThere is a growing inclination towards rental properties in metropolitan cities, especially Turkish cities such as Istanbul, Antalya, and Izmir. Turkey's rental yields are quite attractive given the millions of visitors it receives in addition to the local inhabitants. Particularly, Istanbul is a city where the rental market is massive and the opportunity for returns is better for short-term as well as long-term rental properties.ConclusionThe increase in real estate investment in Turkey is not random. There are reasons why real estate investing in Turkey is very attractive; low costs of property, favorable government policies, active tourism sector, and geographical advantages are some of the reasons. All over the world, more and more people can realize the potential of various ways of making high profits: from rent paid for properties or increases in real estate prices, or simply purchasing a flat in a beautiful and historical country.
ilyas Bey
How to Find a Real Estate Broker in Turkey?
Finding the right real estate broker in Turkey is the primary means to be able to sell one of your properties without any difficulty. The building construction business in Turkey today is on the rise which is why local and global ones are engaging in the buying process. However, this typical situation is particularly pronounced for outsiders, who find it hard to comprehend. In this article, we will be discussing how we will select a reliable real estate agent in Turkey, to help you with your investments.1. Understand Your NeedsBefore you start looking for a real estate agent, be sure to know why you want him. It is paramount that you first of all determine your requirements and objectives. Be proactive by asking yourself these questions firstWhat property type are you targeting? (Residential, commercial, land, etc.)What is your budget?Do you want to invest in a property or live there permanently?Do you want help with legal proceedings, or are you aware of it?2. Research OnlineThe Internet is a powerful tool for finding real estate brokers in Turkey. To proceed, you can use two channels, namely a search engine and a social media platform. Below are the ones that work effectively:Google Searches: Such as "real estate brokers in Turkey," "property agents in [specific city]," or "buying property in Turkey" will assist you with finding relevant listings. Social Media: Great information and profiles of brokers in local real estate sectors through Facebook or Instagram are among the benefits that you will enjoy. Seek pages that are specialized in the property market of Turkey.Real Estate Websites: You will be able to locate brokers and properties through Websites like Zillow, Realtor.com, and some local platforms like Sahibinden, and Hurriyet Emlak.3. Check Credentials and ReviewsAuthentically verifying the credentials of the individuals is very important. The following are the steps that can be taken:License: We begin by ensuring that the broker holds a license and is regulated in Turkey. You can usually find the information if the broker has such a title on their website or by asking the broker directly.Experience: Seek out those brokers who have been dealing with Turkish real estate for a long time in the market. The brokers with long experience will give you an additional benefit through their good contacts in the market and sharing their experience with the market dynamics.Client Reviews: Examine online reviews of customers who have already tried the brokers before and their testimonials. Resources like Google Reviews, Trustpilot, etc. can offer you information not only about a broker's reputation but also about their quality of service.4. Ask for RecommendationsAfter asking for recommendations, an investor will feel more comfortable when discussing the possibilities with agents. Here are some tips for seeking recommendations:Friends and Family: If you know any people who have bought a house in Turkey, you should ask them about their adventures and recommendations.Online Forums: Websites like Expat.com, InterNations, or other such expat Facebook groups where expats are sharing their experiences or suggestions can be good sources for recommendations.Getting in touch with local community groups provides an opportunity for you to gather data and find out who the locals trust.5. Conduct InterviewsAfter selecting the best brokers the interviews should be scheduled in addition to seeking references as well. This is a very important step and it will be a real test of their skills if they can deal with your needs. These are the questions you need to get answers to at the interview:What is your experience with properties in my desired area?What is your commission schedule? (Clear transparency about the fees to be paid at the beginning will save time and avoid misunderstandings later.)ConclusionIf you have the right real estate agency in Turkey, it is a vital factor concerning your buying process. The right thing, as it is to understand your needs, do a good job in terms of research, and prepare for some negotiations with multiple brokers, could be the best performer. By working with the right people, you will easily indulge in real estate investment in Turkey successfully. Enjoy your home searching!
ilyas Bey
Is Investing in Rental Property in Turkey a Good Decision?
Purchasing a buy-to-let property can be quite rewarding. It is no surprise that Turkey has been included in many real estate investor's bucket lists. Geographical diversities, historical background, and current investment climate in the country give a lot of opportunities to anyone who wishes to venture into the property market. This blog will investigate the benefits and pitfalls of investing in rental property in Turkey so you can decide whether this is a good investment professional or whether you should bother at all.Why Invest in Turkey?1. A Growing Sector of TourismTurkey is among the nations that cause a stir in tourism generating millions of tourists every year. Certain regions such as Antalya, Bodrum, and even Istanbul allure tourists in pursuit of sun, culture, and thrills. Such characteristic of this region creates a strong interest in its long-term rental real estate offerings. In Coastal regions, it’s very easy to make moderate investments in buying repeat vacation rentals as peak seasons provide high returns.2. Low Property PricesProperty prices in Turkey are within reach considering the property prices of most Western nations. This low entry point encourages the investors to buy several properties or bigger units that they can probably not buy in other places. Over the past few years, Turkish authorities carried out several programs aiming at the development of the real estate sector, which in turn created a favorable climate for investors.Investing in Rental Properties in Turkey1. Huge Rental YieldsTurkey remains a nation with high rental returns on investment for rental property in its two major cities with a great deal of tourist activity especially in the coastal cities. The yields which are dependent on the location tend to go from as low as 5% to 10% and above making the investment worthwhile. The best rental income prospects, however, are experienced in cities like Istanbul and other beach towns where there are a lot of tourist activities.2. Evolving Expat CommunityThe country of Turkey embraced many refugees and has in fact turned them mostly into expatriates. These include retirees, digital nomads, and foreign professionals among many others. This population, more often than not, goes in search of rental housing especially in urban centers and attractive geographies. The regular inflow of expatriates can be a positive catalyst to ensure that the property owners will have regular earnings from rentals.3. Easy Property Ownership for ForeignersIn Turkey, it has been made quite easy to acquire real estate for foreign individuals. The government of Turkey has enacted such practices to encourage the purchasing of properties in the country by foreign investors. For example, there are appealing options, such as the citizenship program for investors.Factors to Weigh Before Making an Investment1. No Investment Without Extensive Market ResearchConducting market research is also important in the understanding of the Turkish real estate business. That is, the area, property values, and rental demand should be checked for the specific location in advance.2. Types of Ownership in the CountryThe procedures for purchasing property in Turkiye are relatively straightforward for anyone. It is, however, important to find out what the legal conditions and restrictions are, if any. With the help of reliable estate agents or attorneys, it is possible to avoid mistakes in every segment of the operation. It is worth also looking for specific rental management regulations, which may differ from state to state.Conclusion:To summarize, For those who want to invest in tourism which is currently one of the most developed sectors in Turkey, investing in rental property in Turkey may not be a difficult task to take advantage of the country’s overall conducive environment for investors. Reasonable effects of property costs; enormous figures of rental earnings; and many more assistants supporting all the investors are the reasons to consider Turkey.Nonetheless, like any other investment, it is important to evaluate the levels of risks involved and look for information carefully. By more or less knowing the hidden dynamics of the business and the law, it is possible to give oneself a head start in the business of making a killing in real estate in Turkey. If you feel suited and ready to seize the opportunity, then the time has come for you to try Turkey for your investments.Talk to our experts at Prime Property Turkey to get access to a vast portfolio of high-potential properties in different parts of Turkey.
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ilyas Bey
Antalya City Centre: Shopping, Beaches, and Things to Do
Antalya, on the southwest coast of Turkey, is a lively city that is popular for its pristine beaches, ancient history, and busy shopping streets. The very heart of Antalya not only gives ample opportunity to see the whole set of Antalya’s beautiful places but also serves as a known place for the discovery of the city itself. Whether you are a history lover, a shopaholic, or a sunbather, Antalya City Centre is a perfect place for you. In this blog, we have the most detailed guide for your shopping, a list of the most impressive beaches, and a lot of exciting things to make your trip as fun as it could be.Antalya City Center1. Kaleiçi HistoryThis lovely old settlement is filled with narrow pavements, structures built during the Roman Empire, and energy. You will see lots of shops with handmade something and traditional Turkish carpets or any other kinds of things. Don’t forget to haggle with local sellers, trust me it’s the fun part!2. TerraCity Shopping CenterIf you want more of a contemporary feel towards shopping, then, welcome to Terracity Mall, one of the largest shopping centers in Antalya. One can find a decent collection of high-end retailers as well as local brands in this mall. 3. MarkAntalya Additionally, there is one more shopping venue called MarkAntalya which can be found close to the city center. It is a contemporary shopping mall that encompasses shops from luxury designers to unrestricted shops. After tiring yourself with shopping, one can also relish a feast in any of the several street-facing Cafes or Restaurants.4. Local markets: Soothing the hunger of Antalya And remember, there are also local markets in every corner of the city. For instance, the Antalya Bazaar is not only popular for selling fresh fruits, vegetables spices, and handicrafts but acts as a fine example of the rich culture in the city. It is quite an exciting activity as one can interact with the people in the market and eat traditional Turkish food.If you are a homebuyer, you can browse our properties for sale in Antalya here.Beaches Located In The Vicinity Of Antalya City Centre1. Konyaaltı PlajıKonyaaltı Beach, a 15-minute stroll from the city, is also one of the most visited beaches in Antalya. It measures over seven kilometers in length and offers views of the Taurus Mountains on one side and the blue Mediterranean Sea on the other. The beach is furnished with deck chairs and beach clubs, and also has cafes, making it conducive for sunscreens and afternoons. Pavilions and children’s play zones are available for families with children so they can have an enjoyable day out.2. Lara Beach in AntalyaAlthough not as straightforward as the previous beach as it is taken a little bit further from the city center, Lara Beach still maintains its connection with the bright yellow sandy beaches and exclusive resorts. This area of the beach is very rich in amenities and activities for those who prefer a higher standard. You can engage in numerous activities like water sports, beach volleyball, or just lying on the beach while the sun is still out.3. Mermerli BeachTo experience something different, do not miss Mermerli Beach which can be found within the old part of the city. The beach is located in a picturesque cove where steep cliffs surround it making it more private. It can be accessed by a flight of stairs and has very clear waters suitable for a swim or snorkeling. There are also a few eating places situated around the beach where patrons can have their meals with a splendid view.Things to Do in the Center of Antalya City1. Visit Major Historical LandmarksAntalya City Center is full of history. There are many places you can visit. First of all, you should go to the Hadrian’s Gate – an impressive Roman arch built to honor the visit of Emperor Hadrian in 130 A.D. Close by, there is the Antalya Museum which contains a variety of items, from beautiful Roman sculptures and aged coins to others that reflect the long history of the area.2. Antalya Aquarium is an Attractive SiteIf on a vacation with a family, you should not forget to visit the Antalya Aquarium. It has one of the biggest tunnel aquariums which guarantees a high level of realism while viewing a wide variety of sea creatures, as one can walk inside the enclosure. The aquarium features a snow world as well, for those hot summer days when you want to cool down and have some winter fun.3. Take a Walk By The MarinaAnother beautiful attraction of Antalya is its marina, which is full of beautiful boats, restaurants, and shops. Take a slow walk around the waterfront, feel the gentle sea breeze on your face, and watch the sunset. Alternatively, a boat tour is also available for the tourists to have a better view of the beautiful coast of Antalya and other islands which are hard to get from the land side.4. Rejoice in the Local CuisineA trip to Antalya cannot be concluded without tasting the local dishes. You can visit the several restaurants located at the city center to sample food like kebabs, mezes, and the ever so popular Turkish menace; delight. And last but certainly not least, do not forget to try a delectable sweet called baked nuts and honey, known as baklava.5. Antalya’s Night AttractionsOnce it is dark outside, central Antalya City is filled with a few astonishing night attractions. Whether it is seated outside in a bar overlooking the sea till late evening or dancing in a full-packed club, there is always something. Most of the bars and clubs in Kaleiçi have live music, hence the festive mood that is characteristic of Antalya’s nightlife.Conclusion:Antalya City Centre has plenty of things to do for its visitors regardless of their age or interests; it simply makes it an ideal place for any type of traveler. There is plenty to see and do; from wandering around the pleasant streets of Kaleiçi and lazing on the inviting beaches to indulging in the deep history and active nightlife. So, roll your sleeves up because you will visit this magnificent coastal city with so much more waiting for you.
ilyas Bey
Which City or Province is Good to Buy a House in Turkey?
With a diverse culture, divine warm landscapes, and a vast history, real estate investment in Turkey is on the rise with property investors flocking to this country in numbers. Turkey has properties for everyone, be it a holiday home, a permanent residence, or part of an investor's portfolio. In this blog, we will take a look at some of the cities and provinces that are worth considering while buying a house in Turkey.1. Cultural and Economic Centre, IstanbulWhy Buy in Istanbul?Istanbul-the largest city in Turkey, carrying both cultural and economic importance of the country. The city lives with a concoction of past, present, and buzz that allows it to rake in the highest appreciation from buyers.It has all the hallmarks an investor could wish for. Istanbul's real estate market is amongst the fastest-growing in Turkey; development in the city has never stopped and due to numerous new transportation links and commercial centers, property values are rising.Colorful Neighborhoods: From the historic appeal of Sultanahmet to the trendy charm of Kadıköy, Istanbul has neighborhoods that cater to every taste.For example, Istanbul is a city full of museums and art galleries.Areas to ConsiderBeşiktaş : (youthful vibe, good nightlife)Şişli: A blend between office and living sides, again for families and white-collar workers.2. Antalya: The Jewel of MediterraneanWhy Buy in Antalya?Antalya — known as the Turkish Riviera for its stunning beaches, mild climate, and its ancient sites. With sea shores on one side and mountains on the other, this beautiful coastal city is an ideal pick for people who desire a laid-back life surrounded by picturesque scenes.Tourist City: With millions of tourists visiting Antalya every year, it makes such a great place for those interested in short-term rentals.Affordability: Often slightly cheaper than in Istanbul, real estate prices in Antalya are relatively affordable, which also suits first-time investors.Expat Community: Antalya enjoys a large and active expat community, making it relatively easy to settle in.Areas to ConsiderKonyaalti: Noted for beautiful beaches and modern amenities.Lara: High-end hotels and lively social setting.3. BodrumWhy Buy in Bodrum?Due to its location on the Aegean coast of Turkey, Bodrum is often termed the Turkish equivalent of the Cote d’Azur. Most of its popularity stems from the energetic urban spirit, picturesque beaches, and rich history that it possesses.Properties for Rent and Investment: Due to its status as a summer holiday resort, Bodrum hosts a good opportunity for rental returns.Cultural Value: The ancient Mausoleum of Halicarnassus, and other breathtaking fortresses are located in these regions, which is a delight for people who love history.Things to Do: Life in Bodrum is a mix of the beach and social life whence one can comfortably dwell.Areas to Look atGümüşlük: Attracts holidaymakers due to its charm of a fishing village and beautiful views of sunset.Yalıkavak: Contains well-furnished houses for the rich and modern boating facilities.4. Izmir: The Contemporary MetropolisWhy to Buy in Izmir?The third-largest city in Turkey, Izmir is progressive, contemporary, and has a deep history. It is an excellent option for someone looking for an authentic urban experience.Living standards: Living standards are high in Izmir, there are neat streets, and green parks, and the atmosphere is comfortable.Food: The city is known for its delicious Aegean cuisine and a foodie's paradise.Connections for Travel: It is a global airport and a vast network of public transport makes it very easy to travel.Areas to ConsiderAlsancak: The city is famous for its nightlife and cultural festivals.Karşyaka: Family-friendly communities including parks and schools.5. Fethiye: The Natural HavenWhy to buy in Fethiye?Fethiye is also known for its breathtaking natural surroundings, with beautiful beaches and Oludeniz lagoon. It is ideal for anyone who likes the outdoor environment and peaceful living.Adventure Activities: from paragliding to sailing, Fethiye has many adventures for adventure seekers.Community feel: It is a very close-knit town and it is easy to build good friendships.Areas to ConsiderOlüdeniz: The most famous for its beach and lagoon.Conclusion:Choosing the right city or province to buy a house in Turkey is essential for maximizing your investment and enhancing your quality of life. Each has offerings that are unique in their own right, whether in the rush of Istanbul, the breezy beaches of Antalya, or the extravagant scenery of Bodrum.Check out the areas, talk to our experts at Prime Property Turkey, and know how the market works before settling on a final decision. With the right approach, you can find a perfect property to serve your needs and lifestyle in this beautiful country. Happy house hunting!
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ilyas Bey
Can Syrians Buy Property in Turkey?
One of the hottest debates ever in Turkey and likely to continue as long as Turkish law prohibits Syrians from owning properties in their name, Syrians have engaged in buying properties.The most important problem is real estate sales to Syrians. While Syrians can not own Turkish real estate directly due to the laws of both countries, it is possible for them under certain conditions which we will elaborate on in this article.Here, we'll discuss the legal procedures for Syrian individuals to purchase real estate in any of the Turkish cities and the benefits of owning a property in Turkey. Finally, we'll outline the benefits you stand to gain from purchasing real estate in Turkey.How many Syrians purchase real estate in Turkey?Owing to the growing Syrian population in Turkey and their aspiration to own property to alleviate the burden of rent and take advantage of Turkey's benefits, they are permitted to acquire real estate through one of the following channels:The first approach is to start a business.Syrians can easily become property owners with this option.Syrian investment in Turkey has increased as a result of the ability of any Syrian citizen to establish a company in Turkey under a license granted by the Turkish government. This permits the company to acquire a legal personality and gives its owner the freedom to use its name and engage in commercial, industrial, and agricultural activities without limitations.However, the property's area and price compatibility must be considered with the company's size and capital.Notably, forming a company to acquire real estate in Turkey doesn't take much time or work—the daily processes can be completed in as little as two days. After that, the Syrian investor simply needs to obtain the company's tax number and commercial register and open a bank account in its name.Documents needed to form a business include:The first step is to file an application for the registration of a business and to provide the following set of documents received from law firms and specialized services:Application to start a businessThis then leaves the rest of the steps for your attorney to deal with on your behalf via Power of Attorney.The Incorporation Statement.Memorandum of association: this is the founding document of your company and contains details on a full range of legal obligations, including land restrictions.Intent form signed by the owner of the businessNotarized copies of all other overseas documents.Revenues from banks.Chamber of Commerce Registration StatementTax assignment paperwork.The second method is to preserve a Turkish citizen's nameThis is one of the most common ways to buy a house in Turkey for Syrians, but some legal procedures have to be done as an added guarantee for both sides such as getting the mortgage licensed in the name of his Syrian partner on this property.The difficulty of this strategy is locating a reliable Turkish partner, with whom a partnership document is made and each party's rights are fully and properly explained.The third option is to become a citizen of Turkey.The Turkish government decided in 2018 that permits foreign investors to become citizens of Turkey through a variety of channels, including:Purchasing a home for at least $400,000 and holding onto it for three years. Naturally, Syrian investors are not eligible for this procedure as the property cannot be directly registered in their name.A set aside of at least $50,000,000.Provide at least fifty Turkish nationals employment opportunities.Deposit USD 500,000 at Turkish banks.Fourth strategy: changing citizenshipBuying in Turkey with an advantageous ownership system, including property ownership for foreigners, Syrians who are citizens of foreign countries can also easily buy real estate and enjoy the benefits that come along with it.Conclusion:We conclude that due to legislative restrictions on the Syrians from buying real estate in Turkey directly, there are ways to bypass them such as through establishing a Turkish business partnership or forming a cooperation with Turkish nationals. Through these methods, Syrians can buy real estate in Turkey, but it is important to receive legal advice to ensure compliance with Turkish laws.
ilyas Bey
Can UK Citizens Buy Property in Turkey?
If you are looking for a dream second home overseas or an investment in international real estate, buying Turkish property might just be the perfect solution. Turkey is an intriguing and culturally diverse country that draws a large number of tourists to its beaches every year. In reality, data from recent years indicates that almost a million Britons vacation there each year. As more and more people begin to learn about the real Turkey and all it has to offer, this number is predicted to increase.Turkey is the ideal destination for an overseas vacation home or investment if culture and wonderful weather are your top priorities.Purchasing Real Estate in TurkeyWithout a doubt, Turkey has a lot to offer anyone considering purchasing real estate there as a second home or as an international real estate investment.For example, more people are expected to go to Turkey as a result of the proliferation of low-cost carriers that serve the nation from the UK and other locations.Turkey's already alluring attractiveness will only grow as a result of this enhanced accessibility aspect, which will open the eyes of many tourists and vacationers searching for the best deals on flights.Turkey's Lower Cost of LivingIf money is a top priority, Turkey is also regarded by many Britons as one of the most affordable places to live and travel, particularly when compared to other well-liked European locations.How About the Prices of Turkish Real Estate?If you are thinking of purchasing property in Turkey, learn about the local real estate market and pricing ranges. To put it mildly, many investors still believe that Turkey is very competitive at present compared with other European countries.This is why it should come as no surprise that Turkey's real estate market is gaining traction rather quickly. So if you are buying to capitalize on this wonderful deal that could end up having some future value added then it may be time to make your purchase.If development is to be had, shopping for real estate in Turkey can offer a golden investment opportunity.Of course, many since the previous global economic downturn are still recovering and most — some less than others — will have seen a negative impact on their housing market and construction sector. Turkey is not an exception.Before Purchasing Real Estate in Turkey, You Must Do Your Research.Before buying property in Turkey, every potential investor should decide that everything is legally and ethically correct. This is very smart advice.That is true for many international property investment opportunities.But avoiding a sting is easy — be careful of running into a situation, get local expertise, and do your homework.Expert GuidanceThe veracity of any reports that the builder, developer, or owner of the property has commissioned regarding the property should be closely examined.Analyzing the history and standing of developers can be further helped by builder or developer reports.A good route to take will be to view previous building projects and completed developments that were completed on time, on budget, and to the level you are considering. You may also benefit greatly from hiring an English-speaking local lawyer or legal specialist to oversee the transaction, ensuring scrutiny and compliance with all local property laws, rules, and regulations, leaving no stone unturned that might render your purchase void.Can UK Citizens Buy Property in Turkey?Buying property in Turkey for UK people is a very simple procedure but there are some things that you need to keep in mind.Ownership Eligibility: Investors, including UK nationals, can normally purchase property in Turkey, although there are some restrictions in certain designated areas, which are near military zones.Governments: The decision to choose depends upon the policies and regulations of respective governments and varies from country to country. Legal formalities: It would always be wise to appoint a local real estate agent and attorney who is well aware of Turkish property laws. It would involve a study of titles and all other statutory compliance.Documentation: Turkish tax numbers, which can be acquired from Turkish tax officials, are required for buyers. Furthermore, there must be a fee-based transfer of the title deed (Tapu).Residency: In some property purchases, buying a certain priced property can help get a residence permitConclusion:To sum up, based on good law conditions and a mutual agreement (which came into effect in 2013), UK residents can buy real estate property within the Turkish territories.While the process is typically simple, it requires knowing the constraints of military zones and that one has to obey a law as well — both getting a title deed and receiving military permission.A local legal professional can help with a smooth transaction. At Prime Property Turkey, we can offer you exactly this and so much more. Not only will our agents facilitate your access to a massively diverse portfolio but we will stay by your side every step of the buying process and offer you our legal services to aid and accelerate your Turkish Citizenship application.
ilyas Bey
Can an Irani Buy Property in Turkey?
This complete blog will help with all the necessary information for purchasing a property in Turkey and becoming a resident through property ownership. Created according to the latest amendments in Turkey in 2024, if this article fails to answer a query, please email us or send us your question directly. For foreigners, real estate ownership in Turkey has borne a long interest.In recent years more foreign nationals have made investments and purchased real estate in this nation. This is partly due to the low cost of living, partly to become Turkish citizens; however, the most interesting motive to purchase real estate in our nation is to gain a vacation retreat. A significant number of retirees preferring a quiet and affordable lifestyle in a country with a moderate climate and overwhelming nature have fueled these types of investments. Iranians have been buying more homes and properties in Turkey in recent years. Due to Turkey's proximity to Iran, as well as the short travel time and visa-free entry, many people are considering purchasing real estate in this nation. Purchasing a home sounds like a very sensible choice if you want to protect your money and enjoy your free time, especially since houses in Turkey are far more affordable than in Iran. Additionally, you can obtain residency in Turkey for yourself and your family by purchasing a home. If certain requirements are met, you may even be eligible to apply for a Turkish passport, which we will go through below. Purchasing a home in Turkey is no longer an impossible dream. A great number of foreign nationals, of late, invested and purchased real estate in Turkey. Well, some of them sought to escape the rush and hustle, some to gain Turkish citizenship; interestingly enough, however, the most enticing reason for those options was looking for a vacation getaway. A fair chunk of retirees wanting seclusion and easy living in a country gifted with glorious nature combined with a moderate climate further fuels that kind of investment. You are receiving a far better home for your money when you include exchange rate swings as well as the expenditures associated with the acquisition procedure. An English one-bedroom flat will set you back the same as a three- or four-bedroom villa in many parts of Turkey.A decent home, on the other hand in Turkey starts at a minimum of 3.5 Billion Tomans in Iranian currency. With such a small amount you may think the very least you could buy is in a city far under Turkey's Capital. But this is not true, you can take it as an example and buy a respectable 1+1 apartment in Antalya or Istanbul (as well as in their suburbs). Can an Irani Buy a Property in Turkey?Iranians can buy property in Turkey. Iran has seen itself replaced by Turkey as the destination for many Middle Eastern and especially Iranian homeowners and investors. These are the steps Iranian citizens have to take when they want to own property in Turkey:Get a tax identification number (TIN) from the tax office.Open a bank account in Turkey.Find the right real estate and negotiate the terms of purchase with the seller or the agent.Make a deposit and sign a preliminary sale agreement. It may be also called a “safety contract” for example.At the local land registry office, sign the final sales contract (referred to as the “Tapu”) and you’re done!Pay taxes and fees for purchase.It’s important to keep in mind that rules and regulations can change at any time, so it’s a good idea to consult with a local real estate agent or attorney to make sure you have the most up-to-date information and guidance possible along the way.
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ilyas Bey
Apartments for Sale in Turkey
There must be some good reasons why Turkish real estate continues to boom. Turkey has turned out to be one of the favourite real estate destinations for domestic as well as international buyers. Its unique blend of great historical heritage and high-end infrastructure coupled with an energetic and lively culture has made it a go-to destination. The choice is as diverse as the country from an opulent penthouse in Istanbul to an urban haven in flats.Let's start talking about why Turkey and particularly Istanbul is the place where you're going to find your perfect flat.Why Invest in Turkish Apartments for Sale?Strong Economy: Turkey's expanding economy has made the nation a centre for trade, investment, and tourism thanks to its advantageous location between Europe and Asia. Because of the consistent demand for homes that results from this, real estate is a wise investment.Affordable Luxury Living:The comfort of luxury available in Turkey can be accomplished at a price that is significantly less than what is usual for most Western countries. Apartment in a new downtown area or seaside according to one's budget, luxuries can be acquired.In Turkey, real estate investment can become a way of obtaining Turkish citizenship, transforming the housing market of this country from a place to live into something more significant. Investment in at least $400,000 of real estate can provide the opportunity to obtain citizenship for you and your family, together with all fresh opportunities and travel freedoms.Istanbul Apartments' Allure:Istanbul is a vibrant international city that never sleeps; it's the heart of Turkey. There is a wide choice of apartments available for rent in Istanbul. Due to high demand, together with all the developments and works going on in this fantastic city, there is no lack of options one wants to live in some modern, stylish apartment in the city centre as a young professional or in some more spacious place in a quiet, conserved neighbourhood to accommodate his family.For those who like to be in the middle of everything, life is always on the fast track in Istanbul. Areas such as Nişantaşı, Beyoğlu, and Levent are highly rated for their modern apartment blocks, cool cafes, and quality shopping facilities alongside the major business centres. Their advantages lie in a central location and everything in entertainment, culture, and transportation within easy reach.Picturesque Sceneries: The great views of Istanbul to others mean that there are enough opportunities to find an excellent apartment with an amazing view. In most newly built apartments in Istanbul, one can expect to be offered an image of the city's skyline, the Golden Horn, or the Bosphorus. Imagine living this life: sipping coffee on your balcony while watching ships pass by the Experiencing the best of city and beach living all over again.Historical Charm: Historically, folks who have a flair for history can find old apartments in places like Sultanahmet or Balat. There are a lot of old buildings around the property.From here, you get to enjoy modern facilities together with front-row seats to Istanbul's majestic past.Istanbul Penthouse LivingThink about investing in an Istanbul penthouse to elevate your standard of living. These luxurious places offer you excellent views of the Marmara Sea, the Bosphorus, and the whole city skyline aside from spacious living.Luxurious Living Like in the Sky: In Istanbul, a penthouse is the epitome of high luxury living. Penthouse apartments in the city most often have large terraces, floor-to-ceiling windows with a very high altitude, and an open living concept centred on comfort and elegance. For residents who prefer residential districts, flatlets connected to seclusion yet make contact with the fuss below, might like Beşiktaş and Üsküdar.Unrivalled View: No doubt, probably the biggest pull of an Istanbul penthouse is the panoramic view that one gets at such a high vantage point catching a glimpse of Bosphorus glinting in the morning sun to soaking in the scenic view of a sunset behind its more familiar minarets.Istanbul's Top Apartment LocationsA significant factor to consider when buying an apartment in Istanbul is location. Among the more highly demanded locations, with plenty of options, you have the following:Nişantaşı:Nicknamed the fashion quarter of Istanbul, this area caters to one who likes going out to dine and wine, art, and culture. This particular location in Istanbul comes as a fashionably, modern area with sophisticated apartments in the heart of the European district.Kadikoy: This Asian-side neighbourhood boasts beautiful beaches, cool cafes, and a plethora of dining establishments. It is a good place for both family-oriented living and young professionals.Levent: This is the neighbourhood to go to if you desire proximity to crucial business districts. Just here, you will find several brand-new, sumptuous apartment complexes, equipping inhabitants with contemporary amenities and convenient access to the city's financial district.Beşıktas:This area has been a seaside neighbourhood especially famous for mixing classic Turkish culture with modern comforts. Among the favourite spots of local and foreign tourists alike, Beşiktaş offers a variety of flats in Istanbul that represent wonderful views and a community attitude.Conclusion:The Turkish flat market offers anything, whether it is being quiet about the beautiful scenery of Turkey's coastal cities or the crowded streets of Istanbul. You can find a different mix of modernity, culture, and opportunity from the magnificent penthouses of Istanbul to relatively reasonably priced urban apartments.
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ilyas Bey
Is Buying a Property in Turkey a Good Investment?
Indeed, investing in real estate in Turkey is a wise move. But the true question you should be asking is how to profitably invest in the real estate market. Given the size of Turkey, certain regions are total busts in terms of the country's real estate industry. Other regions draw investors from far and wide because of their potential. It is not who you know, but what you know, that makes a prudent investment. In light of this, we created this comprehensive guide to the real estate industry to help you understand its advantages, become proficient in your local markets, and guarantee strong returns. Is buying a property in Turkey a good investment?Turkey's Potential for InvestmentStrategic Location: This is an extremely important real estate market because it's located exactly in the center between the East and the West. With both domestic and foreign buyers present in the market, there's plenty of influx of foreign buyers coming in from all over the world, thereby increasing liquidity. Similarly, Turkey attracts international companies, while many companies regard Istanbul as their headquarters. Global relations are nothing short of amazing.Easy Buying Procedure: New property owners are frequently taken aback by how simple and quick the purchasing procedure is. It takes longer to find a property than to buy one. A Turkish bank account and a tax number are all that real estate buyers require, up to a maximum of 30 hectares of land. They get their deeds from the land registration in a week if all the necessary funds and documentation are in order.Intelligent Investment: If there's one thing this well-liked location excels at, it's giving back to the local community. Large cities have excellent transportation connections, roads, bridges, airports, and motorways. Additionally, local authorities never stop funding parks and community initiatives.Istanbul Alpha City: An alpha city is the best option for investment real estate. The World Research Network Think Tank defines an alpha city as a "primary node in the global economic network." Many prospective investors consider Istanbul because of its international standing, even as investments in other well-known locations like Antalya draw buyers of vacation and retirement homes.But What Advantages Do Investing Offer?Property Prices: In general, cost comes first: this refers to the prices of the properties. Residential real estate is moderately priced in Turkey compared with other foreign countries like France or Spain, except for commercial buildings. And because the costs of acquiring these are relatively low, Turkish cities like Antalya, Bursa, and Istanbul appear to be a silver lining for foreigners.Through the Investment Program, Turkish Citizenship: Turkish citizenship is a benefit of a great real estate investment since it allows you and your family to live, work, and educate as Turks. You do not need to live in the nation and can maintain your dual citizenship. For the Citizenship by Investment program, a mere $400,000 is the minimal investment amount. In as little as six months, after acquiring a residency permit and submitting an application, you can become a citizen.Low-running Costs: One thing that real estate investors frequently mention is how little upkeep and running costs are. There are no TV licenses, low municipal taxes, and significantly lower prices for gas, electricity, internet, and water than in European nations.Property Values: Do your homework, choose a location that suits you, and take advantage of average yearly gains of 10%. Although capital appreciation rates differ by district, certain areas outperform others due to their reasonable costs and potential for future expansion.What is the Price of Real Estate in Turkey?Once more, rather than searching nationally, you should focus your efforts on this location. Some reasonably priced locations in Turkey provide good mid- to long-term investments. Furthermore, there are additional locations that focus on luxury real estate. Nothing lower than six digits may be seen in several areas of Istanbul along the shores of the Bosphorus.
ilyas Bey
Can Americans Buy Property in Turkey?
Turkey has a unique blend of cultural fusion, natural marvels, and history. Becoming a property owner in Turkey can be a fulfilling experience for American citizens who appreciate being at the intersection of Europe and Asia.It may be challenging for people to understand the new laws and regulations that they have to follow in Turkey when investing in real estate and residing in the United States.Worry no more, as we offer you tips and some suggestions in this blog post. We'll make this material easier to comprehend for you. Please don't hesitate to contact us if you have more queries.Alternatively, you can download our free Turkey property pack, prepared for your in-depth study by our country specialist and vetted by locals.Can Americans purchase property in Turkey?Do I have to be a citizen or permanent resident to purchase real estate in Turkey?No. You do not need to be a Turkish citizen to buy and own real estate in Turkey.You can buy real estate in Turkey if you are an American citizen. Moreover, you do not need to be a permanent resident. Still, there are some points that you should keep in mind.Buying property in Turkey comes with many advantages but unfortunately, it doesn't give you the right to live here indefinitely. If you're going to stay for a relatively long period, you should apply separately for a residence permit. That's quite normal and even easier when you own property.Furthermore, if your property is worth 400,000 USD or more, you can even apply for the much coveted Turkish citizenship and make this magical country your second home. To add to this, you can even start the process of buying property in Turkey online from the United States, but you'll eventually need to be present in Turkey or appoint a legal representative here to complete the purchase.This is for the simple fact that some documents and signatures must be made in person.Regarding tax ID, yes, you will have to get a Turkish tax identification number. That's another pretty easy thing and something important for any kind of property purchase and many other official and banking procedures.A local bank account should be opened. Different operations, including paying for the property, transferring money, and paying other expenses in Turkey will be made easier.You may need a few specifically mentioned documents, for example, a passport and a Turkish tax number for the process.Which advantages and rights shall the citizens of the US have while purchasing real estate in Turkey?On the whole, Americans are on par with all the other foreigners not based in Turkey and Turkish nationals who would like to invest in the immovable property of Turkey, but some special rules and constraints apply.Let's start by discussing location constraints. In some parts of Turkey, property cannot be purchased by foreigners, including Americans.These are typically rural, military, or security zones where foreign ownership is either entirely forbidden or strictly restricted. This covers certain border regions as well as particular coastal areas. It's crucial to confirm whether the property is located in one of these zones before making a purchase.No upper limit exists regarding the number of properties that an American may possess in Turkey. But the overall quantity of land you can own is limited.The overall amount of foreign-owned land in Turkey cannot be more than 10% of the district's total area where the property is situated.Furthermore, a single foreigner is permitted to possess up to 30 hectares, or roughly 74 acres, of land anywhere in Turkey.In terms of minimum investment, there isn't a predetermined amount that foreigners must invest to purchase real estate in Turkey.What if an American decided to purchase land in Turkey?Let's concentrate a little more on Turkey's land ownership structure.A U.S. citizen is permitted to buy property in Turkey, though there are some restrictions and regulations about which one should be aware. A citizen of the United States can buy land anywhere in that country.For example, there are restricted areas. These include areas near the military zone to reservation areas that the government marks as border usage. Boundary areas may also be restricted for environmental reasons or security purposes.Thus, one should check the local regulations if one prefers an area within the border or along the shore.
ilyas Bey
Can Arabs Buy Property in Turkey?
Are you prepared to invest in Turkey's real estate but unsure of where to begin as a foreigner? This blog makes the process of buying real estate in Turkey as a foreigner so much easier and smoother. We equip you with the knowledge to shift from being an interested buyer to becoming a proud owner of a property in Turkey through the help of translated legal jargon, the workings of the marketplace, and the process of ownership.Understanding the Turkish Real Estate IndustryTurkey's property market is currently experiencing a boom. Key facts about the Turkish real estate market are as under.Property prices in cities like Sakarya, Kocaeli, and Trabzon have shown an unbelievable growth of 132.84%. From 2013 to 2022, more than one million transactions of houses took place every year. Rising investments to make a place in immovable properties in this highly diversified country.These factors have drawn foreign investors to the Turkish real estate industry. The position is advantageous for Turkey since it offers relatively cheap property and an attractive Mediterranean lifestyle. The country's attractiveness as a destination for investment is further amplified by its beautiful climate, natural views, and ancient landmarks. Turkey is an attractive alternative for foreign investors in that it also features ownership costs that are significantly lower compared to many European countries, such as taxes on properties and maintenance.Commercial Real EstateTurkey has good commercial real estate options if you're looking to diversify your investment portfolio. Property and specific rights related to it, may be purchased by foreign commercial firms as long as the purchases are made in line with the stated business scope specified in the articles of organization.The Turkish commercial real estate market is full of investment opportunities, ranging from office buildings and retail stores to lodging facilities like hotels.Property ValuationsTurkey's real estate market has experienced tremendous price increases in recent years. In April 2023, for example, the average price of a residential property in Istanbul increased by 120%, to 3,252,906 TRY ($120,340). In a similar vein, the average residential property in Ankara's real estate market had a 138% gain during the same period, valued at 1,770,860 TRY ($65,512).There are several reasons for this increase in real estate values. Land costs have increased by two to three times in recent years due to a decline in the amount of available land for construction, especially in the Mediterranean resort areas. In addition, an unparalleled demand for real estate in 2022 resulted in a scarcity of available housing in areas such as Antalya, which in turn drove up property values.For one considering real estate purchases in Turkey, these trends are important to pay heed to. It gives insight into the possible return from your real estate investment and helps you understand the state of the market in the current scenario.Finding a Home in TurkeyFinding the ideal house in Turkey is an exciting trip. First of all, setting goals is the very first step in the process. Are you trying to find a growth-oriented investment? Do you have any interest in renting? Or do you intend to set up shop somewhere long-term? You can focus more clearly and speed up your property search by setting a budget and defining your objectives before starting.Once you have an idea of what you are looking for, you can start researching the trends of the Turkish property market and measuring your options. To make good comparisons inspect multiple properties. Selecting the right location also becomes pretty important; consider if you want to be close to the city center, beach, or whatever else might come in handy in your lifestyle.Can Arabs buy property in Turkey?Turkey allows Arabs to purchase real estate. Foreign nationals, including Arabs, are permitted to buy real estate in Turkey, subject to specific limitations in military and critical zones. Arab investors have found Turkey to be a very appealing destination, particularly when the Turkish government streamlined its real estate regulations a few years ago. Arab purchasers have been drawn to Turkey by the Citizenship by Investment program, which allows foreigners to get Turkish citizenship in exchange for making a minimum real estate investment.
ilyas Bey
Can a Russian Buy Property in Turkey?
Turkey is known for its colorful culture, beautiful landscapes, and lengthy history, but recently it has become a very interesting place for people who are seeking good opportunities in real estate.Turkey's advantageous location at the meeting point of Europe and Asia allows it to serve as a bridge between continents, offering a distinctive fusion of Eastern and Western elements. This combination creates a stimulating atmosphere that serves as the foundation for a vibrant real estate market that attracts a diverse range of investors.Let's continue reading and find out who is eligible to purchase real estate in Turkey, whether you're a smart investor or merely in search of a place to live abroad.Is it legal for outlanders to purchase Turkish property?"Yes, they can" is the bottom-line answer to this question, but with some considerations in place. But for that, there needs to be a background understanding of how the reciprocity law impacts Turkish real estate so that one can delve into the situation right now.Based on this law, foreign nationals are allowed to buy real estate in Turkey according to reciprocity.Stated otherwise, if a foreign national is permitted to purchase real estate in their home country, then too can the national of that nation purchase real estate in Turkey. The basis for foreign ownership of real estate in the nation was established by this statute.The Turkish real estate reciprocity law was very onerous before 2012. Only if Turkish nationals were allowed to purchase real estate in Turkey could foreigners do the same. Consequently, this prevented citizens of several countries from being able to buy real estate in Turkey.However, the Turkish government streamlined the process with new legislation after realizing the financial benefits of attracting foreign capital. This became a turning point that made Turkey an attractive destination for foreign real estate investors.The modified reciprocation law has made it possible for nationals of over 180 countries to purchase real estate in Turkey. The United States, Canada, the United Kingdom, Germany, Russia, and many other countries are on the list. The precise number of countries may vary based on mutual agreements between Turkey and other countries.Foreign investors now have more chances thanks to the modified law, but there are still some limitations and rules in place. The following are important limitations to be mindful of:Property Size Restrictions: The maximum number of land masses that overseas buyers can purchase is limited. Again, the limit differs with area and is normally imposed and amended from time to time. Most properties of land above 30 hectares are prohibited from selling to international buyers.Military Zones: Certain regions within Turkey are prohibited areas. These comprise areas near military installations or those regarded as strategic zones. National security issues could bar foreign nationals from acquiring property within specific areas.Which nationalities are not allowed to buy real estate in Turkey?While the country allows property ownership for most nationalities, there are certain restrictions based on nationality. The types of restrictions that apply to home buyers include the followingLimitations on Agricultural Land: The following nations' nationals are not permitted to purchase agricultural land in Turkey: Morocco, Latvia, Afghanistan, Egypt, and Albania.Regional Restrictions: Certain regions of Turkey are off-limits to foreign buyers of real estate. Among them are: Real estate on Turkey's Black Sea coast cannot be purchased by Russians or Ukrainians. Greek nationals are not permitted to purchase real estate in several Aegean regions of Turkey or along the Black Sea coast.
ilyas Bey
Can Indians Buy Property in Turkey?
Given Turkey's location, exciting culture, and an attractive real estate market, foreign nationals are now flocking there to invest in real property. Beyond the scenic beauty, this country offers a very unique opportunity for investors to have real estate as well as obtain citizenship through its Golden Visa program.It is an attractive destination for anyone looking to expand his or her investment portfolio or find a new home abroad, given its varied real estate environment that ranges from the bustling metropolis of Istanbul to the tranquil coastal towns that hug the shores of the Mediterranean.Turkish Real Estate MarketThere is a plus that adds to the country's appeal to foreigners and investors: its strategic location and rich cultural heritage, which other countries may not have. That is a key factor making foreign investors more interested in the nation: people who target getting property as their means of obtaining citizenship.It was also made easier to acquire Turkish citizenship if one was willing to invest at least $250,000 in the real estate market. This has multiplied the allure of the country. This policy is a union of international recognition of the Turkish visa and a diversified portfolio of real estate investment in Turkey.Other noteworthy places are Bursa, which reflects Istanbul's economic growth, and Antalya, a popular tourist destination due to its Mediterranean appeal. Kusadasi provides an affordable way to enter the market because of its tourism attractions and reduced real estate rates. Bodrum is known for its stunning architecture. Alanya has been spurred on by significant development over the last ten years and by the relatively inexpensive real estate opportunity that exists here.What Is Turkey's Average House Price?One of the reasons for the large number of sales of residential property to foreigners in Turkey is the country's very low cost of living when compared to other European nations.A startling 45,483 residential properties in Turkey were sold to foreign buyers in 2019, and this number has only increased. According to TurkStat, 67,490 properties were sold to foreigners in 2022, with the provinces of Istanbul, Antalya, and Mersin being the most popular.The price of houses in Turkey is extremely divergent based on the type and location of the real estate. For example, the Mediterranean beach villages are more expensive due to luxury offers compared to some of the lowest property prices within the nation and are found in places with a significant British expat group.According to the house price index, prices rose over the previous year. The appreciation had gained up to 32.39% by April 2021, though total residential sales plunged by 21.4% during 2021 against 2019 in a competitive market.Overview of the Conveyancing Process in TurkeyForeigners are also allowed to buy properties in towns through the process of conveyancing since, unless the property is located in a military zone or a rural area, conveyancing is allowed in cities. The cost of the process involves the commission of the agent and the charge of the title deed that usually runs about 4% of the property's value each.After the money matters are resolved, ownership can be verified by transferring the title deed. It is crucial to remember that having property does not automatically entitle one to employment or residency. However, eligibility for the Turkish Citizenship by Investment Program requires a minimum investment of $400,000.Can Indians buy property in Turkey?Turkey allows Indians to purchase real estate. Foreign property ownership in Turkey is not subject to any notable limitations, and this includes Indian citizens as well. But there are a few important things to remember:Restric on Military Zone: No foreigner is permitted to own property in military or sensitive zones.Process of Buying a Property: This procedure involves Registration, Execution of the purchasing agreement, Opening of the Turkish bank account and finally acquiring the tax number.Turkish Citizenship by Investment: Under the Citizenship by Investment program, a person may be eligible to obtain Turkish citizenship if they invest at least $400,000 in Turkish real estate.Legal Assistance: To make sure all legal procedures are followed correctly, it is advised to hire a lawyer.
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ilyas Bey
Turkish Citizenship by Real Estate Investment
ilyas Bey
Is it good time to Buy a Property in Turkey?
ilyas Bey
Finding Serenity in Kas and Kalkan
By Justin MaysPicturesque Kas and Kalkan are two southern Mediterranean coastal towns that those in the know discovered years ago. However, this area still has a lot of available opportunities to get on the Turkish property ladder. Kas and Kalkan offer visitors everything they need for a memorable holiday, whether it be delicious food, breathtaking views, and unrivaled entertainment options.Every year hundreds flock to these resorts to enjoy the beautiful beaches and mountains.Today’s blog will tell you all about the peaceful and relaxing locations of Kas and Kalkan. Kas and Kalkan: Everything You Should KnowAccessible yet removed enough that you can disconnect, Kalkan and Kas are close to both Dalaman and Antalya international airports. The stunning drive to your holiday homes in Kalkan or holiday homes in Kas features views of sparkling blue bays and turn-offs to discover ancient sites. Amazing Climate Untouched by mass tourism and located further south than other popular coastal areas, the climate is the most favorable for year-round living, with an average of 300 days of sunshine, making it a long-been favorite for retirees. Available FacilitiesDespite being smaller than some of the more famous Turkish resorts, the area has all you need, including a medical center, big brand grocery shopping, and a weekly local market for fresh foods.Beaches & Dining OptionsKalkan is the more sophisticated of the two towns with a larger expat population, while Kas exhibits a more relaxed bohemian vibe. The towns offer pebbly beaches and boat trips. Nearby is one of the few areas in Turkey where you can find sandy beaches, including Patara Beach, a spectacular 18km stretch of golden sand, often named one of the best beaches in the world. Both towns have excellent dining options, with Kalkan hosting more gourmet options, from fresh seafood and meze to more international choices and guaranteed sunset views. There is a vibrant street life with live music and boutique shopping. Sightseeing & EntertainmentIf you want to venture out, you are spoiled for choice with historical ruins, Saklikent Gorge National Park, dive sites, the Greek island of Kastellorizo, iconic Kaputas Beach, or kayaking over a sunken ancient city in Kekova, all within less than an hour away. Holiday Homes & Villas in Kas & KalkanMost properties in the area have pools to dive into after a day of exploring and garden space for BBQ. Kas Villas for sale are often found on the hillside or the peninsula where a new marina was built in 2011. Kalkan Properties spill down the hillside to the tiny harbor and have the highest return on investment for those wanting to rent out their places during the high season.ConclusionKas and Kalkan's relaxing lifestyle, stunning bay views, quiet ambiance, and clear waters are some of the aspects that make them so preferable to foreign buyers. If you are dreaming of whitewashed Kalkan villas cascading down the hills complete with bay views or Kas apartments for sale set along winding bougainvillea-filled streets and traditional Ottoman-style houses in the center, we will help you find the right place to realize your visions.
ilyas Bey
Exploring Fethiye and Around
By. Justin MaysThe famed Turkish Riviera has something for everyone. Centered about the thriving market city of Fethiye and its environs this has long been a favorite area for foreigners going even as far back as the legend of Mark Anthony gifting this coast to Cleopatra. The recently upgraded international airport at Dalaman is the gateway to this part of the Turquoise Coast. Before arriving to holiday homes in Fethiye you will drive through agricultural areas where you can pick up fresh fruits and village provisions from farmstands. As you make your way to your property in Turkey you will revel in the scent of mountain pine and sparkling views of endless secluded coves. This southwestern coastal region of Turkey was home to the Lycians, whose once thriving cities and rock tombs have left many exciting sites to explore. For those who want to be part of a sizable established expat community and have access to absolutely everything, we recommend buying Fethiye apartments or homes in the city. The marina pulses with activity and it is a transportation hub with the larger bus station and water taxis. For those wanting to be close to the much-photographed Oludeniz Bay on the outskirts of Fethiye, peaceful Ovacik and the livelier Hisaronu are where you should focus. Both towns are slightly inland and have good transportation options and access to everyday necessities plus a high concentration of fun British pubs for those times you want to be social. Fethiye villas are easy to find here and there is a yearround population.Moving west from Fethiye, you’ll find the resort center of Calis popular with buyers looking for quick access to the beach. Calis is one of the most popular tourist areas of Fethiye with a 4 km long sandy beach, the promenade is full of restaurants, pubs and hotels. Surrounded by mountains, the village of Gocek is the center for yachting in Turkey. Favored by elite travelers, this is one of the starting points for the popular blue cruise on traditional gulets or mega yachts. Once you are out on the sea from either Fethiye or Gocek marinas the bays are dotted with islands and opportunities to find a secluded cove to swim in. Riverside Daylan with its dramatic backdrop of Lycian tombs lit up at night, is home to a burgeoning community of expats. The seven-mile stretch of sandy beach at Iztuzu is famous for its loggerhead sea turtles, and much of this area is a wildlife preserve. Inland from Fethiye, fantastic villages are waiting to be explored. Situated in the foothills of the Taurus Mountains the incredible green scenery and breathtaking views will draw you in. Serene Uzumlu village is gaining popularity with people opting to buy land and build their dream Fethiye villa. Seydikemer located between Fethiye and Kalkan, offers a relaxed lifestyle and is among the most affordable areas in the region. Still close to the bustling Fethiye, these hospitable villages also feature local shops, direct access to rich agriculture, and are close to restaurants. It offers rural living at its best without compromising creature comforts or needs.
ilyas Bey
About Area Guide to the Sariyer District of Istanbul
Sariyer, situated on the European side of Istanbul, is one of the city’s most beautiful and serene districts. Sariyer Istanbul is all about stunning coastlines, historic architecture, and green parks so one can escape the idyllic city center while still enjoying Istanbul’s culture and history. From breathtaking images of the Bosphorus to pretty little villages, Sariyer is a district where there is history, nature, and contemporary life all interwoven.If you are planning to visit Sariyer Turkey or even thinking of comfortable living there, this guide highlights the first concern of this interesting area.Introduction to Sariyer IstanbulSariyer, which is in the northeast of the European side of Istanbul, stretches towards the Bosphorus Strait and the coastline of the Black Sea. Its spatial orientation means some features can be found that range from beaches and forests to Ottoman-style houses and modern apartments.Sariyer Istanbul is mostly thought to be quite far from the busy city and is ideal for people who will appreciate a more relaxing and luxurious lifestyle. Although it is a quick drive from the central part of Istanbul, Sariyer has this serene feeling with its suburbs, parks, and waterfronts that is strikingly different from the rest of the city. It is also equipped with many foreign schools, universities, and hospitals which makes it very convenient for families with kids and people from abroad.Structural and Geographical Features in SariyerAgain evidence is provided in the “Sariyer” book of how Turkic culture in the area stems further than the Roman and Ottoman Empires. It provides many more attractions though for one looking in Turkey Sariyer.a. Rumeli Fortress (Rumeli Hisari)Rumeli Hisari in Sariyer became the hallmark of the town. This fortress was constructed by Sultan Mehmet II in 1452. It was crucial to the conquest of Constantinople because it fitted in the Bosporus and controlled access to the sea. The Fortress is now open and has amazing views of the Bosporus and the aspects surrounding it. I believe this brings a historical taste, especially for photo lovers.b. Sadberk Hanım MuseumThe Sadberk Hanim Museum is one of the most prominent private museums, which is situated along the coastal area in Buyukdere. Turkish and Ottoman ethnographic items such as rugs, plates, and crafts can be found in the museum. The structure also provides a view of its architectural heritage from inside from the inside out as it is built in the Ottoman’s best traditional style making it a winning situation for the visitors to Sariyer.c. Ataturk ArboretumThe Atatürk Arboretum located in Sariyer is a little not so acknowledged extent of nature for those who love it. This amazing botanical garden covers more than 700 acres and displays a wide range of flora and fauna throughout the globe. Autumn is a wonderful season it is similar to other wonderful places where one likes one’s quiet as bright red, orange, and yellow blocks cover the trees making it the perfect destination for a nice stroll.Sariyer Istanbul – Opportunities for Outdoor ActivitiesThe picturesque Sariyer is full of activities that can be done outdoors, be it hiking the Belgrade Forest or lounging at the nearest beach. Sariyer caters to both thrill-seekers and those who simply want to sit back and chill.a. Belgrad ForestAs one of the most renowned green parks in Istanbul, the Belgrad Forest is an ideal spot for all nature lovers including hikers, walkers, and riders. The forest which has miles of walking trails, purified air, and several picnic spots is an escape for many who wish to take a break from the city. There are also several water pipes in the area and historical buildings, making this place both a beautiful and informative one for the guests.b. Beaches of KilyosIn case you are in Sariyer in the summertime, do not leave the transformation of the Kilyos beaches unturned. The Black Sea beaches in this region are much more peaceful compared to the ones along the Mediterranean and Aegean which tend to be very busy. A majority of the Kilyos beach clubs allow a day pass that offers day beds, beach umbrellas, and meals.c. Bosphorus CruisesTaking a Bosporus cruise is one of the finest ways to enjoy and appreciate the scenic beauty of Sariyer. Several boats operate in the coastal neighborhoods of Sariyer offering guided trips around the Bosphorus where views of the European and Eastern Istanbul are available. The most sought-after are the sunset cruises since they provide wonderful views of the tendencies of city skylines.Best Areas in the Sariyer District of Istanbul to Invest In? 1. ZekeriyakoyZekeriyakoy is a green, peaceful, and family-oriented residential location with a significant presence of expatriates. It gives a typical suburban feel but with quick access to the town. The area stands out for its extravagant villas and large houses hence it is ideal for individuals who prefer seclusion and elegance. The recent construction of high-standard residential houses has added a boost to its real estate market.2. TarabyaA fashionable community is associated with the Bosporus and known for favoring affluence, prestige, and picturesque sights – Tarabya. This region through the ages attracted rich locals and expatriates with a distinct mix of contemporary and traditional dwellings. In Tarabya, the value of the attained real estate appears to go higher due to the localization of the properties which tends to make it an appealing investment for investors.3. YeniköyLikewise, Yeniköy is another high-end residential area in Istanbul located along the Bosphorus thanks to its waterfront historical mansions and luxury houses. The locality sustains a serene and elite feel, where the real estate prices rank among the toughest in Istanbul. An investment in Yenikoy is sustainable and brings a sense of scarcity too.4. EmirganEmirgan is renowned for its historic waterfront mansions as well as for beautiful parks, especially Emirgan Park which is popular to both tourists and dwellers. This place is characterized by the presence of contemporary as well as traditional types of properties and due to elevated views of the Bosphorus, the place also offers investment opportunities for individuals who seek high-end properties in a highly desirable location.5. MaslakMaslak is the axis of all business activities in Istanbul and is located near Sariyer. It is characterized by luxurious skyscraper residential apartments and office buildings. Given the ever-present need for such spaces due to the working professionals in the surrounding corporations, it is possible to make significant rental income in Maslak. How to Purchase Real Estate in Sariyer, IstanbulInvesting in Sariyer real estate can be a thrilling experience owing to its strategic location and the picturesque beauty of the Bosphorus. First things first, you ought to define the category of the property you are targeting - whether it is luxury villas, flats, or heritage homes. It is advised to use the services of an Istanbul realtor who is licensed to practice in the area because they will help in legal matters such as getting a Turkish tax identification number, bank account opening, and title deed transfer.Unlike foreign buyers elsewhere, they should also keep in mind that purchasing real estate in certain zones comes with restrictions but Sariyer has a wide range of properties that can be invested by foreigners.Buyers’ Guide in SariyerBuyers looking for property in Sariyer should prepare for the fact that it is dominated by both modern and ancient edifices. In this part of the city’s geography, some of the regions possess privately owned houses with panoramic views of the ocean or sea, while other regions include units built in blocks. The region is characterized by natural beauty, a short distance from the ocean, and a serene environment, and is perfect for anyone seeking a break from the crowded cities yet still wishing to be close to Istanbul.As for the size and the type of the properties, one can find lower-rate properties in the less preferable locations while locations such as Yeniköy, Tarabya, and Zekeriyaköy have some of the most expensive rates.How Can Prime Property Turkey Benefit You?At Prime Property Turkey, we focus on making the property-selling process easy and tension-free. Be it a luxury villa or a quaint little apartment, our team will help out in all stages of the home-buying process, from sourcing the best property in Sariyer to doing all the paperwork. With our extensive knowledge of the local real estate market, we make sure you make the right investment.Conclusion:Sariyer offers tranquility, natural beauty, and modern amenities in a balanced proportion making it one of the attractive places in Istanbul. It does not matter whether you are staying for a day or thinking of relocating to any place in Sariyer Turkey, this district has a promise for a good standard of living with both natural surroundings and urban active life - cultural activities. Beginning with its interesting past and breathtaking shoreline, and ending with stylish houses and sports – Sariyer is for all and more.
ilyas Bey
Guide to Visiting Istanbul in November
Straddling two continents, Istanbul has become one of the most exciting cities to travel to in the world. True, the city is enchanting at any time of the year, however, visiting Istanbul in November presents another perspective that is worth trying out. When autumn has fully set in and winter is fast approaching, things change quite a lot in terms of weather, climate, and even the scenery of Istanbul. For those hoping to travel within these periods, this guide will help you appreciate what to find, which places to explore, and how to maximize your November holiday in Istanbul.Weather in Istanbul in NovemberNovember in Istanbul also points to the onset of the cooler months. Though the degree is quite lower than the degree rises especially in the sunny season, it is still warm in comparison to most places in Europe. Daytime temperatures are on average 10 degrees Celsius to 16 degrees Celsius (50 degrees Fahrenheit to 60 degrees Fahrenheit) however do also come prepared with warm clothes as some parts may have temperatures as low as 8 degrees Celsius (46 degrees Fahrenheit) during the night.November is also accompanied by rainfall where the city has moderate rainfalls hence it is advisable to carry an umbrella or raincoat. As with the other elements of the weather, this one also can be very fickle where you are walking one minute and getting drenched with rain the next minute. Even though the ambiance is cooler, wetter, and more tranquil than in the summertime, which is usually overbearing, tourists tend to take a vacation in November away from the hot weather and rush experienced in summer crowds within the city of Istanbul.Packing for Istanbul in NovemberIn simple terms, packing for November in Istanbul means preparing for all possible weather conditions. Layers are your best friend as the weather can change quickly. Here are a few things that you need to think of carrying:Warm clothing: Dresses, warm sweaters, light jackets, and Pashminas are a necessity to keep warm on chilly nights.Appropriate footwear: You will walk a lot, so appropriate footwear that copes with the uneven ground or cobbled streets is recommended.A coat and an umbrella will be extremely useful in case of unexpected downpours.Amenities:A hat as well as mittens can be very essential on an extremely chilly day especially when going outside for long periods.Aspects of Istanbul to be Considered in NovemberOne of the added benefits of coming to Istanbul during the month of November is that one will face few tourists. This helps in better management of time in places of interest such as the Hagia Sophia and Topkapi Palace, and also in the Blue mosque, without waiting in long lines.Cultural Activities: Having said that, November is a month filled with culture in Istanbul. There comes a yearly İstanbul Tiyatro Festival, where local and foreign dramatists showcase their works. To add on, the Istanbul Contemporary Art Fair occurs at the beginning of November where contemporary art by local and foreign artists are displayed.Travel Costs: The month of November is considered the shoulder month when tourists begin to visit these countries. Surprisingly, it is possible to pay lower fares for flight tickets and accommodation facilities unlike in the summer period. Travelers can indulge in cheap luxurious hotels as these tariffs are lower.Traditional Food: November also is the ideal month for exploring the excursions in Istanbul and its dishes. Also, a deep-rooted, warm plate-like heavy street diet, ‘fish sandwiches, is relatively appropriate for the better days. And how can you miss out on sipping boza, a drink made of fermented wheat that is usually enjoyed in the cold season?Traveling Tips to Enjoy Istanbul’s Attractions in NovemberJust as any other month of the year, the sights and the atmosphere of Istanbul in November are even more breathtaking, thanks to the cooler temperatures. Below are some sites that you should consider including in your itinerary:1. Hagia SophiaAside from being one of the Seven Wonders, Hagia Sophia remains one of the tourist favorites. Historians, architects, and art enthusiasts alike will pinpoint March as the best time to travel to this historical structure because of the lack of crowds and comfortable weather conditions. This is an indoor activity suited for a gloomy rainy day in November.2. Topkapi PalaceAs November is characterized by relatively low temperatures, it provides the best opportunity to explore the extensive grounds of the Topkapi Palace which was the residence of the Ottoman sultans. The pleasure of wandering the lavish chambers, the cultural relics, and the exquisitely designed open spaces can be experienced all year round save for the scorching days of summertime.3. The BosphorusThe boat trip along the Bosphorus is always an enjoyment regardless of the season, but in November it soothes the eyes in a calm and misty mood. Dress smartly, have Turkish tea in your hand, and breathe in beauty all around you, from palaces and mosques to Ottoman wooden houses on the right and left of the European and Asian cities respectively. Many such companies offer such cruises along with food and entertainment.4. The Basilica CisternVenture down into the cave-like feature and experience what remains of the ancient Basilica Cistern. This procedurally generated space features remarkable rows of columns and arches as it is a water reservoir of olden times. A constructed space such as this one is advantageous in Istanbul Turkey, where the month of November is very cold, whilst it also presents the Ottoman engineering marvel that is the Basilica at the bottom of the cistern.5. Grand BazaarSpeaking of places, the Grand Bazaar, one of the most remarkable and unique indoor markets encompassing hundreds of years of history, is the best place to visit in November. It includes more than 4000 shops so this time the market was not so busy and it was possible to swim easily in the colorful waters of stalls presenting e.g. carpet, spice, and jewel collections. This place is also one of the best sources to find interesting presents or mementos to be brought back.Conclusion:A trip to Istanbul in November allows its visitors to appreciate the intricate beauty of the city in a more warm and quiet environment as compared to the rest of the warm summer months primarily experienced. The cold season makes it easy to walk around the monuments of the cities, participate in their rich cultural life, and taste the seasonal cuisine. Visiting historical places or having tea with a view of the Bosporus relaxation is always pleasant. November in İstanbul is an experience every traveler will treasure for years to come.