propertyhelpturkey

Looks like Roman agrees with me. RUSSIAN billionaire and Chelsea owner Roman Abramovich is to construct a seven-star hotel. He is set to take over about 80 acres of land belonging to Turkish businessman Halis Toprak in Kuþadasý. The land has a 220-metre border running along the Aegean coastline and is primed for tourism purposes.. Toprak has started selling his property in order to pay off a 500 million dolar debt to the state. Toprak said before that a hotel or 162 villas could be built on this land. Abramovich has been looking at Turkey for quite a while now, with the idea of investing money. He first looked at Antalya, then Bodrum The Turkish property market on the whole, and the Kusadasi property market, in particular, is witnessing the early stages of a massive boom set in motion by an important change in the law relating to the ownership of property by foreigners. This change only took place at the end of 2002, but property values have been rising abruptly ever since. As other Mediterranean countries become more and more expensive, it seems that the focus is now on Turkey and its big market potential, like real estate Kusadasi marketplace. Even the huge Spanish property developers have started showing a keen interest in Kusadasi property and land purchase as they seek to gain an advantage right at the start and snap up as much as possible. The Turkish economy generally is attracting a massive amount of investment and interest from overseas as the government wishes to bring their laws and policies in line with the rest of Europe, in part of full EU membership responsibilities. Consequently, Inflation is down from 90% only 5-6 years ago to 8% today. Large international companies have penetrated the market in several domains: superstores chains, banking, car making industry or manufacturing. All of these indicators are great news for any investor who is currently buying a Kusadasi property. It is true that prices are going up by an approximately 40% per year and look set to continue increasing for many years, but still the real estate Kusadasi is much lower when compared with other European real estate markets . By acting now rather than a year or two later, individuals and companies can still buy a Kusadasi property at prices that are amongst the most competitive anywhere in the Mediterranean or Aegean regions today. There are many real estate Kusadasi consultancy agencies that offer their potential purchasers a full range of services to make the process of buying a Kusadasi property as simple and straightforward as possible. And the results of such an investors-friendly policy can be quickly spotted: more and more foreign clients purchase their ideal Kusadasi property whether for investment purposes, or to use it as a holiday or permanent residence. Real estate Kusadasi market is ready to satisfy any demand, whether it is about properties for sale or for rental. Kusadasi property buyers have where to choose from: apartments and villas for sale, commercial Kusadasi property and a lot of land for sale. Prices vary between €55,000 - €140,000 for apartments, and €65,000 - €300,000 for villas, depending on the property size and condition. Usually, Kusadasi properties for sale are located along the coastline, thus being only a few hundred meters away from beaches and beach clubs, restaurants and café bars around there. The distance to Kusadasi downtown area and other shopping malls can be easily covered thanks to Turkish style minibuses called "Dolmus" to travel every ten minutes.

A Fool & His Borrowed Money, i couldnt give a toss who buys where my friend. I was just backing up my argument with facts. Maybe a few more should back there arguments as such ratherthan commenting on a country they dont know very well.

From OPP and reported in Turkish national papers : With Istanbul recently named as one of the most expensive metropolitan areas in Europe, Turkey’s real estate prices are still rising. Istanbul is more expensive than Madrid, Stockholm and Rome, according to an annual report prepared by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). Based on input from 400 real estate specialists, Istanbul ranked the highest for city development prospects. One respondent observed that “the market still needs many developers rather than pure investors... real estate sectors are now in a learning curve,” while another said: “ Istanbul will be the star of the next decade.” However, while Istanbul is catching up with Europe’s real estate prices, it has some way to go. London currently holds the lead with €13,000 per square meter, followed by Paris and Milan with €8,500 and €6,500, respectively. Many of the UAE’s largest developers, including Emaar, are developing major urbanization projects in the city and large agents like Parador Properties started selling in Turkey last year. A new mortgage law is also expected to open the market to more foreign buyers (who have had to release equity in their homes to buy or use savings), which may push up prices. Refurbishment of existing homes as part of big urban redevelopment initiatives will also raise the cost of real estate. A major urban transformation project was recently announced in the north of the TEM Highway by the Housing Development Administration of Turkey (TOKİ), the Istanbul Metropolitan Municipality, and the Küçükçekmece Municipality of Istanbul. Between 2,000 to 5,000 model homes are due to be built in the Bezirganbahçe district to transform the 1,800 shanty houses situated in the vicinities of Tepeüstü and Ayazma. Küçükçekmece Mayor Aziz Yeniay was quoted by the Turkish Daily News as saying that real estate prices could increase ‘5-6 fold in the region’. The first phase of 150,000 planned houses in Kayabaşı will start this year as part of a plan to create a new 'city' of 750,000 people, according to TDN. Yeniay said this region was a backup area for housing in Istanbul due to the risk of earthquakes. Real Estate in Turkey has become a good investment for the British buyer with more and more people taking the plunge. Whether your villa is for investment or simply as a holiday home you will be very pleased with your return. Turkey is the place to be.

I cant see anywhere better to invest in than somewhere like Kusadas area. Cheap to buy,cheap to live ,just dont make the misatke of thinking you can rent out ,YOU WONT.

ERRRRRR WRONG Turkish mortgages come into place from Jan 1 2008. Then we probably will seea surge in buying and prices rising. Cells if your going to comment at least get your facts right.

I love it when people comment on things they know little about. I have property and obviously know many people with property in Kusadasi. Its still relatively cheap,possibly more continental than other resorts. There are some fantastic places around the area do a search on areas such as Ozdere or Guzelcamli. Guzelcamli for example is a all year round venue popular with Europeans in the know, and also extremely popular with the Turks. Its reputedly got the best air in the world certainly in Turkey. Many elderly travel for the climate and thermal springs etc. Rip the bits out of this if you can.

Me thinks you should have kept out the main resorts and moved jsut ever so slightly up the coasts . No hassle,cheaper to live,cheaper property thta is easier to move on later.

FOUND THIS ON A FORUM TODAY FOR ANYONE INTERESTED One of the leading estate agencies in the world, UK-based Parador Properties will cooperate strategically in Turkey with the American Realty World. The details of the big partnership will be announced at a press meeting to be held at İstanbul Swiss Hotel on the 6th of March. In an announcement made by the PR departments of the companies, it says, “This cooperation will turn over a new leaf in the sector in Turkey, which has become the favourite of estate sector in the world. “Through the cooperation of Parador Properties and Realty World, Turkey will enter a new period in property.”

Well a big marina is planned for Altinkum,make or break i think. There is a lot of cheap flights being offered to the new Izmir airportby BA etc . Cheap flights change everything. there are still villas around for 30k if you know where to look. Still bargains to be had. One thing to remember they can ask what they want for a property,getting it is another matter. especially in the land of the Haggle. It will eaither stay as it is with slow numbers buying or it will boom. Prices still lead me to believe it will boom with villas at up to 50K. Not everyone can afford Spain ,i cant .

Catara At last a more balanced argument from you. I agree Altinkum/didim has way to many unsold properties. I looked at it and thought its was to much controlled by Brit buyers. We brought in the Kusadasi region but not in the centrum. I am not a emlak i just noticed the thread and thought i had to reply. All i can say is i have had great success with my purchase. If people research weel turkey can offer cheap living and cheap housing as you well know.

I know Adi and Cattarh dont like reading this. But heres a genuine link for people who may be interested in buying in turkey. I suggest adi and Cat dont even bother opening the link ,your not wanted or your comments thankyou. http://www.turkisheconomy.org.uk/buyingpro...y/abstract.html

[Maybe old catarrh is jealous because we managed to buy properties for £30,000 that would cost 400,000 in the Uk. Terrible mistake that lol. Sticking a £150,000 in the turkish lira account and lliving like a king on the interest. Eating and drinking for a ittance on the beach 40 metres from my home. Yes cattarh we and other s really cocked up didnt we. Some greta bargain s to be had when you know the place well. Places like Altinkum ,Didim etc are well over demand but other places around the Kusadasi area are fantastic.

ERR i posted because its a forum on property abroad you tit. Lost money lol. Ive bought it to retire to and its doubles in value in 3 years. Absolute cretin lol,.

Well a wasta of time me continuing this argument ,your as fixed in your view as i am in mine. Just remember i and the people who wrote the above pieces might just be right and YOU WRONG, Time will tell

Turkey: English People’s Second Choice for Residence According to the research done by The Guardian, the first country that the English people prefer to settle in is Portugal. There are currently 38,000 English residents in Portugal. The second country they prefer is Turkey and 34,000 English people live in the Mediterranean-Aegean coast of Turkey. Greece is sixth on the list with 18,000 English residents. According to Guardian, the English trend to buy a second house in Turkey has accelerated the EU admission process of Turkey. There is a real estate office owned by an English in almost every town in Turkey that English people live in. The legal adjustments that the Turkish government made recently has also contributed to the real estate sale. It takes almost six weeks to get a residence permission from the Turkish government and the fee is approximately 1000 pounds. In Didim where more than 10,000 houses were sold to English people, despite some reactions, even the bills sent are in English. The paper also gave information about the distribution of English population in the world: Portugal: 38,000 -Turkey: 34.000 -Kenya: 29,000 -Barbados: 27,000-Jamaica: 25,000 -Greece: 18,000 -Nigeria: 16,000 *Brazil: 11,000 -Argentina: 8,300 -Azerbaijan: 2,400 Morocco: 2,400 -Ukraine: 900 -Croatia: 890 -Antartica: 225 -Tonga: 190 -Cuba: 160 -Butan: 100 -Belarus: 100 I REST MY CASE

Is Kusadasi set to make a comeback? Thomas Cook certainly seems to think so as its new “SuperZone” self-contained holiday complex has been established here; the Paloma Club Sultan. One of Turkey’s longest established resorts, Kusadasi has had a facelift and now boasts a snazzy new port complex complete with stylish boutiques and romantic restaurants with fabulous views of the famous Aegean sunset. Its proximity to the spectacular ruins of Ephesus, where the Pope said mass on his recent visit to Turkey, is another definite plus and there is plenty here for all the family, including some great beaches and lively nightlife. Excalibur, Metak Holidays among others can also get you there. What with the flurry of development in and around the areas of Bodrum, Dalaman and Antalya in recent years, the North Aegean hasn’t had much of a look-in. However, direct BA scheduled flights to Izmir and thomas cook and now Goldtrail flying things could be achanging.

-------------------------------------------------------------------------------- Touted as the next "hot spot" by global real-estate experts, Turkey's being gobbled up. You know that as soon as a trend starts in the U.K., it's bound to catch on here in the States-and as history has proved, we'll take it to a whole other level. So, now that British house buyers are stepping up to the Turkish housing market plate, a raft of secret investment deals is no doubt being passed around among the top investors. In terms of property prices, it is expected that Turkey will see the same growth and development in the coming years as Spain has during the last two decades. Rewind: It's 2004. Property prices in Turkey are rising 30% and even doubling in coastal areas. Back to the future: It's 2006. Real estate in Turkey is still a bargain. Investors are going berserk. And to top it off, airlines servicing Turkey give added cash incentives to potential buyers-the flight will take four or five hours from Heathrow. This is ingenious on their part. It's the perfect way to entice foreign investors into Turkey with cheap travel expenses. Not only that, what you can see is that the more popular Turkey becomes, the more value is assigned to the properties. It's not just the coastal areas-the cities are seeing more and more tourism and foreign buyers. David Cox of Property Frontiers says in a press release, "Turkey is experiencing economic development outside coastal areas and investment in Istanbul and Ankara is becoming increasingly viable. However, I expect the major hot spot to be on the coasts where the market has performed very well and it is expected to continue to do so." As Turkey becomes more tourist-friendly and its economy reflects the 2005 growth, you'll begin to see a trend heading east, Muslim culture or not. Keep in mind that Turkey is a secular Islamic state, and thus relatively safe. Of course, you must always beware dealing with foreign regulations, contracts, and the like. And English-speaking lawyers and financial advisors are always recommended when buying property outside your own country. Investors are hungry, starving even, for a new market The emerging real-estate market in Turkey has just experienced a boom in 2006. And when January of this year saw the nation pass new laws regarding foreign freehold ownership of property, investors' mouths started to water. Now that Turkey is seriously considering becoming a part of the EU and the upward rising levels of foreign investment received in Turkey from GCC nations and Arab investors is quite apparent, interest and curiosity is piqued, and not just in Europe. Overseas money has been and is being tossed into Turkey for infrastructure and commercial projects. Not to forget that all this investment leads only to further investment, meaning that Turkey is quickly becoming "one of the most strategically interesting nations from an investment (and not just property) perspective," according to an analyst from Shelter Offshore. But the property market will not be left behind. In fact, experts are predicting a lasting impact on this market. Although Turkey has obvious been a vacation hot spot for decades, bringing close to 25 million tourists in to the pristine beaches on the coast every single year, we are just beginning to see a demand for investment property. Turkey's image has thankfully blossomed due to more media exposure, and the property boom is something that cannot go unnoticed by the keen investor. Turkish property still offers "enormous potential for returns on investment. Last year alone, property prices rose by around 50% with more people looking to purchase homes in Turkey. This extra demand is set to push prices up dramatically," writes Property Showrooms. They go on to say that "Turkey can hardly be rivaled in any other investment location with similar assets."

Adibrown . What a load of crap you post .So out of touch. Ill educate you. If you argue withe figures you know more than the British embassy in Turkey. Those are their figures. You say niave Brits ,well i know many of these Brits have seen their properties double on the agean coast in 2 years. Tourism down you say.Is that why BA fly 4 times a week now from Gatwick to Izmir for as little as £81 return booked in advance. Easy jet anounced flights to Istanbul this year. Onur airlines just announced Manc,Brum,gatwick to Izmir flights again from £78 booked early. You say about unstable currency.AGAIN WRONG The curerency has been between 2.6-2.8 Lira to the £ for 12months at least. The new turkish mortgage system will allow Turks to borrow to buy property for the first time,i cant see how anyone can not see this a s positive. EU membership is bound to happen but probably 10 years or so. Thats not such a bad thing many Brits having the good life there with prices so cheap to live. Finally no i dont sell property i buy it. I look forward to your reply.

Turkey is expecting a boom in property sales to both European and Turkish house hunters. Over 60,000 properties have been bought by foreigners in the last 18 months with this number expected to rise to 500,000 in the next 2 years. Government gave the ok for turkish mortgages for the first timer so demand for property is expected to boom. Property in turkey bis still a fraction of the price of other European countries. All these and other rewasons make it the perfect time to buy property.