Friday Sep 03rd |
Turkey
Luxury property for sale Turkey |
Luxury property for sale Turkey A very attractive destination for Brits looking to a buy a home in the sun Turkey has a similar climate to Spain but property prices are in general much cheaper. Fantastic beaches along an enormous coastline Turkey really is a great holiday destination. Ankara The country straddles two continents, Europe and Asia, between three seas, The Aegean, The Mediterranean and The Black Sea. The Turkish people are amongst the most hospitable in the world you will be made to feel welcome from the moment you arrive. Tourist numbers continue to grow making this a serious destination with great potential for investing in property. There are plenty of beautiful locations along the coast in the southern Aegean and Mediterranean areas and the good news is that property is still affordable even in the most popular areas, starting as low as £14,000. According to the law foreign nationals are able to buy real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. There is a reciprocity agreement between the United Kingdom and Turkey regarding real estate acquisition. In general, properties in Turkey are Freehold type and not Leasehold. Property prices have steadily been increasing and it is possible to find something for €30.000 plus As in the UK or anywhere else in the World property prices depend upon location, quality of construction and demand. In real terms foreigners can only own up to a maximum of 2.5 hectares (25,000 m2) of land and property. Upon application the Council of Ministers may use its discretion to increase this threshold to a maximum of 30 hectares (300,000m2) providing this figure does not exceed a total of 0.5% of the land area of the province in question. |