“Hello Berk, I have just read your article on Turkish property law — subtenant and eviction issues. I am Irish and own a house in Turkey which I use on a yearly basis as a summer holiday. I have rented this out to a Turkish girl two weeks ago. She initially needed a house for [...]
Turkey continues to buck global trends with GDP growth rates of 12% recorded for Q1 2010, domestic banks increasing the availability of credit by up to 30% and now levels of foreign direct investment in Istanbul are up by 27% according to the Istanbul Chamber of Commerce (ITO). Turkey’s second city and economic powerhouse, Istanbul, [...]
In the normal world, people trust the other party when making a contract. In the past, Turkey was a place where you could make a hand shake deal with confidence. There are still some people who count on handshake deals, while there are other people who even trust a written agreement. But what would you [...]
Buying property in Altinkum Didim and Akbuk to rent out? When recession strikes, nothing seems to work; all your realistic and failsafe money management strategies go awry. With inflation on the rise, expenses swell up. Your income fails to cover up all the expenses, and due to this shortage, your savings begin to decline rapidly. [...]
Altinkum property is very popular this days and many people own a property, apartment in Altinkum Didim and Akbuk. So why rent your apartment in Altinkum or Akbuk? Recent changes in the worldwide economic climate have prompted real estate developers to adapt to the situation. Prices in real estate property buying either for business or [...]
Altinkum and Akbuk rentals now online and you can advertise properties, villas, and apartments for FREE, yes no catch no contract. Living large is always something people will aim for. But when it is your turn to take on the world, you just have to make do with what is there for you. Properties for [...]
Big companies make big money off of small claims. Sometimes you simply don’t keep the papers after terminating a utility agreement (such as cable TV) or simply don’t keep the receipts of payment for a payment. A long time later, you receive a letter stating that you have not fulfilled your obligations. You ignore this [...]
The topic of this article should be very clear from the headline. Summer is here in the south of Turkey, and site visits by real estate agents will have started already. In the past I have written articles reminding people of the deception of making buyers sign an informal property sales agreement, which is improper [...]
Turkey’s economy and real estate sector, though affected by the global economic slowdown, have held up well compared to others in Europe thanks in part to strong local demand and low exposure to international credit markets. The country’s solid economic performance was confirmed by a recent upgrade of its credit rating by Standard & Poor, [...]
A warm Mediterranean climate, great value for money, and fantastic beaches and scenery have tipped Turkey as one of the top holiday destinations for sun-starved Brits this year. If your idea of the prefect break is lazing by the pool in your very own villa, the country has some fantastic properties at tempting, non-Euro prices [...]
Istanbul, the city poised at a juncture where the security of the west meets the promise of the east, is tipped to be the property hotspot within Turkey in 2010 according to international property experts at Experience International. And this insight has been echoed in the latest Emerging Trends in Real Estate Europe Report released [...]
I received an e-mail about an unscrupulous landlord and his house, plagued by a humidity problem. I will comment at the end of each paragraph to make it easier for you to follow this long e-mail. The letter reads as follows: “Dear Mr. Çektir, I just read your article re rental agreement law and I’m [...]
Turkey has always been good value for money, but these days, it has more to offer the British second-homeowner, and the top end of the market is blossoming. White-washed stucco houses, with infinity pools, hammams and citrus gardens, are springing up in areas such as Göcek, Kalkan and the Bodrum Peninsula and they sell for [...]
First-time buyers of Turkish property are now more likely to require finance than before the credit-crunch. Many existing owners of Turkish property could also benefit from releasing the equity in their Turkish property and getting up to 70% of the current value back in cash! That’s where a professional Mortgage broker plays an important part. [...]
Sixteen families from across the borough have had their dreams of holiday home bliss shattered after learning their Turkish properties are to be auctioned off. The apartments, in the Peyda Aqua complex in Altinkum, are due to go under the hammer this month to cover debts run up by Turkish businessman Hakan Gülbeyaz. The families, [...]
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