Mortgage for Property investors in Turkey

Turkey and the European Union

2011-04-30T01:43:00.000-07:00

Turkey and the European Union has been a hot topic on everyone’s lips for quite some time now. It has divided observers of the topic into two camps. The first camp is adament that Turkey and The European union will not happen on their watch and the second camp is all for it. Famous members of the first camp are the governments of France and Germany whilst Spain has adamantly stated that it supports Turkey’s entry into the EU.

Whilst everyone argues amongst themselves as to whether Turkey will join the European Union, Real estate investors worldwide have chosen to play it safe and are sitting on the sidelines when it comes to whether they should invest in the Turkish Property market. Everyone talks about the prices of property going up if Turkey was to join the European Union and that is simply the first mistake that investors are making. The Turkey and European union partnership is here to stay whether Turkey gets accepted or not.

Turkey has been eligible for European Union pre-acession funding since 2004 and has to date already received millions in Euros to get the standard of living and its economic markets up to the required standards of the EU.

Towns and cities have received major funding by the Turkish government to improve their local infra structure and this has already had a knock on effect of property prices. Eight years ago the average price for a one bedroom apartment was $12,000 or £8000. Today in 2010 that price is an average of £18,000 or $30,000. It goes without saying that as a towns infrastructure improves then the property prices go up.

Another factor that investors are ignoring is that Turkey is also investing millions into its Tourism market. Belek is now known as the Golfing resort of Turkey and is set to take over Portugal as a major golfing hotspot. The town of Altinkum on the Aegean coast has just finished completion of a 55 million dollar marina leading it to be the second biggest in Turkey.

So if we take into consideration the funding that Turkey has already received from the European Union, the investment by Turkey into its infra structure and tourism markets, now add these to the fact that Turkish Property is already undervalued because there is a wide availablity of property, it would seem that investors sitting on the sidelines are losing out.

Investors should be putting their money into the Turkish Property market now and looking at around a five-year investment to gain a healthy return. This five-year estimation is also taking into account the law that capital gains tax does not have to be paid after five years of ownership. Ideally a bigger investment is off plan property as these are selling at off plan prices.

Turkey Real Estate & Property

2011-03-02T23:16:00.000-08:00

Foreign buyers are welcome in Turkey, which given its diversity can provide something for everyone. Now entering a time of substantial growth, high returns are expected for early property investors who, by bringing money into the country, will produce a higher standard of living, better infrastructure and a thriving economy, hence increasing property values.

Turkey's potential for growth has no limit and with the government making economical, political and social improvements ready for its proposed entry into the European Union alongside massive funding for new infrastructure including roads and airports, coupled with developing resorts, hotels, golf courses and other facilities aimed at tourists, the property market is currently thriving. Turkey is no longer seen as purely a top holiday destination, but also as an excellent place for a permanent home.

We offer a carefully selected extensive range of investment property in Turkey, off plan or resale property for sale in Turkey in the most sought after locations and settings. Prime holiday or residential areas - country villas – land - beach front apartments - golf property – inland, city or coastal properties along The Turkish Riviera which spans the Aegean and Mediterranean coasts.

Bargaining is still a way of life in Turkey, and who better to negotiate a good one than someone who is familiar with the people, their customs and the language. We work together with local people, trusted developers, and Property agents in Turkey who are able to negotiate for you the best deals at 'resident', as opposed to 'foreigners' prices, enabling us to bring you the very best property for sale from a booming market.

Safe investing in Turkey - Development land

2008-03-28T04:14:00.001-07:00

Markets may fluctuate slightly, but the earth will always hold water.Since the beginning of 2008 our marketed stock has changed due to the prevalence of green belt and brown belt development land now available at very favourable prices.Traditionally we have dealt in commercial yield producing stock in the retail and commercial sectors but recent additions [...]

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[Source: Invest in Turkey]

Turkish exporters predict growth for 2008

2008-01-03T14:02:00.001-08:00

Kursad Tuzmen, the Turkish Minister of State said Wednesday that Turkey is targeting $125 billion USD export levels for 2008, adding that Turkish exporters performed impressively in 2007 and would continue to out perform their Baltic neighbours.” 2008 will be a year where business will overtake politics,” Mr. Tuzmen told an assembly of the Turkish [...]

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[Source: Invest in Turkey]

EU Commission report on Turkish EU accession

2007-11-09T00:38:00.001-08:00

Jim Murphy, the British MEP welcomed on Tuesday the European Commission’s fair and objective report on Turkey’s efforts towards EU accession. Minister Murphy said: The report recognizes that Turkey has introduced major reforms over the last few years and has successfully held parliamentary and presidential elections. Now that a new government is in place, we [...]

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[Source: Invest in Turkey]

Fee Disbursement Agreement - What is an FDA?

2007-11-02T02:54:00.001-07:00

A standard fee disbursement agreement (FDA) is a document outlining the division of fees/commissions due from a successful transaction. When there are multiple agents and brokers involved in bringing buyer and seller together, fees need to be divided up between all parties involved.When foreign investors are introduced to deals in Turkey by Pasha and through [...]

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[Source: Invest in Turkey]

Foreign Direct Investment - Turkey ranked 16th

2007-10-17T12:30:00.001-07:00

Turkey was 16th among the countries attracting the greatest foreign direct investment (FDI) in 2006 with $20.1 billion, the latest World Investment Report of the UN Trade and Development Conference(UNCTAD) reported yesterday.The report announced yesterday by the International Investors Association (YASED) in Istanbul, has also shown that Turkey is placed 51st in FDI outflows and [...]

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[Source: Invest in Turkey]

The importance of Proof of Funds - POF

2007-10-04T01:03:00.001-07:00

A lack of readily available funds can mean the breakdown of a deal and your companys credibility in Turkey in no time at all. It hasbeen the case in the past that an investment group have presented themselves with much gusto to a new commercial opportunity before their funding is 100% secured.If this happens with [...]

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[Source: Invest in Turkey]

Minister calls on Japanese businesses to invest in Turkey

2007-09-28T01:03:00.001-07:00

State Minister Krsat Tzmen yesterday called on Japanese businessmen to invest in Turkey in a meeting with a group of businessmen led by Chairman of the Japanese Chamber of Trade and Industry Nobuo Yamaguchi.Why is our trade volume so low? I blame myself for this, but also you. You have not shown enough interest in [...]

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[Source: Invest in Turkey]

Investment consultants Turkey

2007-09-06T13:01:00.001-07:00

For largecorporate investors the opportunities are vast and varied. It is difficult to move in Turkey without knowing the right people and the correct channels.Many have tried to go it alone and have failed. There IS a system in Turkey, possibly different to the norm, but a very reliable and wholly dependable system that simply [...]

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[Source: Invest in Turkey]

Abdullah Gl, 11th President of Turkey

2007-09-06T13:00:00.015-07:00

After two separate rounds of Parliamentary balloting, a military warning that sent the country to early elections and a return from polls with his hand only strengthened by voters, Abdullah Gl was elected the 11th president of Turkey yesterday in the end to a marathon that began last April.ankaya Palace will for the first time [...]

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[Source: Invest in Turkey]

A good time to invest in Turkey

2007-09-06T13:00:00.013-07:00

With new mortgage laws creating a building boom and consumer spending on the rise, this is a good time for investment in Turkey. A vast and rambling financial epicentre for the country, Istanbul has always been the “financial capital” of Turkey, even after Ankara became the new political capital in 1923. Spanning the divide between [...]

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[Source: Invest in Turkey]

Black Sea economic bridge building

2007-09-06T13:00:00.011-07:00

Turkey is the only country in the region which is politically stable; has a pluralist, secular and democratic constitution that gives priority to the rule of law; is economically liberal with a social content; is diplomatically eager to set up a belt of peace and cooperation around itself; and committed to the principle of “peace [...]

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[Source: Invest in Turkey]

Secular Presidency dispute - Round Two

2007-09-06T13:00:00.009-07:00

Turkish Foreign Minister Abdullah Gul has confirmed he plans to stand again as a presidential candidate. His previous presidential bid sparked huge protests in May because of his Islamist roots. Secular institutions, including the army, opposed him. Mr Gul said his ruling AK Party, which won a convincing victory in elections last month, was backing [...]

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[Source: Invest in Turkey]

Abdullah Gul - Profile

2007-09-06T13:00:00.007-07:00

The presidential ambitions of Foreign Minister Abdullah Gul have polarised Turkey - but he is preparing to defy the secular establishment, including the army, again.The ruling Islamist-rooted AK Party has decided to renominate Mr Gul - and the party now argues that it has a strong mandate from Turkish voters to do so. Nevertheless, secularist [...]

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[Source: Invest in Turkey]

Brokerage and consultancy, NDNC - Pasha Corporation

2007-09-06T13:00:00.005-07:00

The common NDNC can take many forms and is a mandatory requirement from all international brokers to protect mutual business interests.It is a common occurence in Turkey whereby commercial property owners have not considered the benefits of selling their assets until we approach them to register a client’s interest. Pasha Group invests significant time and [...]

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[Source: Invest in Turkey]

Is EU membership in Turkeys best interest?

2007-09-06T13:00:00.003-07:00

As images of massive Turkish pro-secularism protests aired around the globe, a hitherto less publicized, parallel struggle in Turkey is increasing in intensity.A struggle which is perhaps less overt, but nonetheless equally significant, perhaps even more. Whats at stake is nothing short of the Turkish economic miracle, a miracle which has transformed Turkey from an [...]

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[Source: Invest in Turkey]

Turkey, secular, democratic and a dichotomy.

2007-09-06T13:00:00.001-07:00

So the AKP are back in power in Turkey, as predicted byPrime Minister Recep Tayyip Erdogan in recent days.The party have promised to uphold the secular foundations of the Republic as laid out at it’s inception. After his victory one of his quotes can be roughly translated as “Democracy was the real winner today”. The [...]

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[Source: Invest in Turkey]

Istanbul Real Estate Forum - Turkey road map

2007-09-06T12:59:00.001-07:00

During the Forum meeting in Istanbul on Friday, the energy and real estate sector met to discuss Turkey’s future road map, in a rapidly changing world.During the meeting, Hasan Rahvali emphasised how real estate sales to foreigners could increase tourism sector income. “We should work to up residential home sales to foreigners, as it would [...]

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[Source: Invest in Turkey]

Brokerage and consultancy, NDNC - Pasha Corporation

2007-09-06T12:53:00.001-07:00

Abdullah Gl, 11th President of Turkey

2007-08-30T23:52:00.001-07:00

Secular Presidency dispute - Round Two

2007-08-14T13:28:00.003-07:00

Abdullah Gul - Profile

2007-08-14T13:28:00.001-07:00

Turkey, secular, democratic and a dichotomy.

2007-07-23T08:00:00.001-07:00

Black Sea economic bridge building

2007-07-17T13:03:00.001-07:00

The French Evolution and why Sarko is another oh, no.

2007-07-17T13:02:00.017-07:00

Sarkozys election victory worries Ankara over its ambitions for Turkey to become an EU member. First reactions from the Turkish Government were for hope, Prime Minister Erdogan saying he hopes the French leader will give up on public rhetoric aired in a televised debate with election runner up Segolene Royal before the final round of [...]

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[Source: Invest in Turkey]

Istanbul Real Estate Forum - Turkey road map

2007-07-17T13:02:00.015-07:00

The fine line between good promotion and over exposure

2007-07-17T13:02:00.013-07:00

Managing an investment portfolio can be challenging in any market and marketing one can at times be even harder. Many of the unique investment opportunities brought to the Pasha Group are off market sales, with a great importance placed on keeping public knowledge and over exposure down to a minimum. So how do we make [...]

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[Source: Invest in Turkey]

Is EU membership in Turkeys best interest?

2007-07-17T13:02:00.011-07:00

A good time to invest in Turkey

2007-07-17T13:02:00.009-07:00

Investment consultants Turkey

2007-07-17T13:02:00.007-07:00

Constitutional crisis or golden opportunity?

2007-07-17T13:02:00.005-07:00

Much has been made recently in the news of the current political events in Turkey and in the usually sensationalistic manner adopted by the press when any news about Turkey ‘erupts’. Extreme words such as chaos, crisis and turmoil are thrown around likecrockery at a Greek wedding and unfairlytaint the great successes of Turkish political [...]

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[Source: Invest in Turkey]

Turkey is a heaven for investors

2007-07-17T13:02:00.003-07:00

Whom-so-ever is considering embarking on investment in Turkey, be they private residential buyers or vast commercial investment groups, Turkey can provide for all.Where are they all coming from? Investment groups from around the world are descending on Istanbul like locusts; stripping bare the trees even before they have taken root.As a consultant engaged in commercial [...]

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[Source: Invest in Turkey]

Never mind Ankaras mess Turkish economy is full of opportunities

2007-07-17T13:02:00.001-07:00

The potential in Turkey is huge for foreign groups, banks, pension fund management companies and private investors to embark on projects that will serve to realize, not only huge financial benefit to the investor, but also untold benefit to the country, the people and the general economyRegardless of the present political uncertainty in Ankara, one [...]

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[Source: Invest in Turkey]