Friday, 17 May 2013

Antalya – Hidden Gems In The Turkish Property Market.




Turkey's progress with accession to the EU has done wonders for the country's property market, with investors in agreement about the stability of the economy and the capital return that investment in the market will generate. Where other traditionally popular European countries have suffered ads a result of the global recession, the Turkish property market has flourished, and changes to laws surrounding ownership of property for overseas investors has helped to heighten the country's appeal. The advantages of purchasing property in Turkey are, it seems, are beginning to outweigh those of increasingly expensive Mediterranean countries, where destinations within the euro zone are losing their appeal.





Antalya, a city in south-western Turkey that is surrounded by mountains, has become a tourist attraction as a result of significant investment that started in the ‘70s. Antalya is undoubtedly a hidden gem in the Turkish property market and, while many investors are looking to purchase in popular regions such as Bodrum and Altinkum, many are missing the opportunities that exist in this beautiful Mediterranean coastal town.





The city's restored historical centre is full of character, despite being home to hotels, bars, clubs, restaurants, a large market and several shopping centres. Architecture, culture, tiny cobbled streets, museums, beaches – as well as having transport links to nearby attractions – including archaeological sites, and a national park – through a modern bus terminal / route. As a coastal city, Antalya has a port that will soon see new sea routes established to nearby attractions. The city also has a large, modern international airport on its outskirts, with direct flights to the UK, to which a new terminal was added in 2007.





At present, Antalya is not as popular as some of the better known destinations in Southern Turkey, but it does present significant opportunities for people looking to purchase a holiday or investment home. The city's old quarter is enclosed by its historic walls and overlooks the harbour and its traditional wooden buildings have been converted into guest accommodation, galleries and restaurants that offer a range of dishes to suit all kinds of tastes – including Turkish, European and Chinese.





Property in the region ranges from new apartments and villas to traditional properties. With its beaches, historic & culture and good transport links ensuring that the city remains a popular tourist attraction, investors can be sure that they'll achieve an impressive, consistent rental income throughout the holiday season. Furthermore, a stalling European tourism industry has spurred an increase in UK holiday makers choosing Turkey as their destination of choice, so investors buying now can expect to capitalise on this shift.


Turkish Baths In Turkey




Imagine this; you're walking down the high street and you bump into an old friend. 'How are you doing?' she asks.



'How am I doing what?'



'You know, how are you getting along. I haven't seen you in a while.'



'I'm fine and you…blah,blah,blah, and so it goes on until suddenly you ask 'Fancy having a bath with me tonight?'



'Love to,' she says 'see you around eight-thirty.'





This would have been normal behaviour amongst the Ottomans that seized Istanbul, or Byzantium as it was then known. Hamams (Baths) were already in the city before Mehmed II took control, but rather than destroy the legacy left by the Romans, he decided to use the parts that pleased him, especially the baths.





'Don't forget your towel,' you say as you part.



'No I won't.'





As is often the case in Turkey, things aren't quite what they seem. You see, Turkish Baths were either copied from Roman or Greek designs or are simply Byzantium Baths rebuilt, however it was the Ottomans who elevated the idea from a place for a quick scrub, to a must visit venue for any aspiring socialite. With Islamic law overseeing society, the baths served as places of entertainment, as well as being a shop window for young girls to show off their..erm..goods, to prospective future Mothers-in Law. I must quickly add at this juncture that men and women used separate facilities, although in modern times there are many mixed Hamams.





'And your henna,' you remind your friend as a parting shot.



'No, no problem, I'll bring it.'





The Hamams also became an indispensible part of religious culture. The Koran states that cleanliness is imperative, in fact the Hanafi branch of Islam, which takes in the Sunni Turks, requires that all body hair be removed, and I mean all. Women were apt to use a hair removing ointment called Rusma, which incidentally, contains arsenic, however at the time of Ottoman rule, hair removal was a more important issue for men. A female concubine was employed to remove body hair from women, so it was down to the baths for wax and a chat, and quite often it would take all day. Even wealthy women who had their own hamam in their home would occasionally pop into the local to find out what had been happening.





'And your brush,' you cry, not wishing her to arrive ill equipped.



'Righto, see you later.'





The women who kept their hair, would wrap in a linen cloth and arrange their eyebrows, or dye their hair. There was much to do and it wasn't unusual for people to take their pets along, or a troop of belly dancers to keep them entertained. The situation arose that husbands disapproved of their wives visiting public hamams, but the lady of the house simply had to cite religious reasons, and the need to stay virtuous by washing, to get her way, so the tradition continued.





'Your Cretan Soap, I nearly forgot.'



'I didn't.' she's beginning to sound a miffed by now.





It is said that there were more than 4,500 private hamams and 300 public ones in 17th century Istanbul, and even more appeared in the following century. Today, the ones that remain are very special places indeed. If you fancy a visit to remove the grime and fatigue from your body after travelling, you will be able to choose from a self service wash, a wash with an attendant or a wash and oil massage. First you undress and don your towel and footwear, before you make your way to the Hamam, where you are left a while to sweat (some of us are better at this than others). Later, your attendant will arrive and give you a rinse with tepid water before setting about you. First it's the dry massage, then the soap, and then a rinse again; it's a bit like a car wash really. Then the shampoo comes out before you are hosed down again. If you've gone for the full service, it'll now be time to be oiled up and massaged. After the massage, you may wish to take your time and relax a little; no-one's going to push you out of the door.





'The servants, we can't go without the servants.' You're pleased with yourself that you've remembered this vital addition to the list.



'Oh put a sock in it will you. I'm staying in and washing my hair.'





I hope I haven't put you off visiting a Turkish bath, and what better place could there be to enjoy the experience, than in Turkey.


Turkish Real Estate And Turkish Jewelry At Marmaris, Turkey




When you are living in another country and the winter days get so dreary and dull, why not visit a holiday destination that experiences sun most days of the year? The world is filled with tropical locations, especially along the Mediterranean Sea. If you are looking for another summer destination, one that you have never been to before, you can check out Turkey. This country is comprised of several charming villages and resort towns such as Marmaris. This town is considered as the hub of Turkey's tourism. It is where Turquoise Coast starts, which is located along the north-eastern boundary of Mediterranean Sea.





The town of Marmaris has a modern marina, which is found at the mountains' base and surrounded by thick trees. This marina serves both commercial cruises and private yachts that sail the Mediterranean. According to the local storytellers, the name of the town started from the comment of a commissioner, which is “Mimari as”. This phrase implies the hanging of the architect because of the unsatisfactory completion of the commissioner's stronghold. The phrase stuck and has become the official name of the town.





If you want to buy an overseas property, which is found along a beautiful coastline, choose from Turkish real estate within Marmaris. Like other holiday destinations all over the globe, there are vast opportunities waiting for you at this resort town. The town offers a great shopping experience. If you are in search of the best shopping deals, you can check out Carsi Market, which is found within the Ottoman Castle. This landmark features more than 200 shops. The flea market caters to tourists and locals alike for seven days each week. The shops within the market sell items such as ceramics, Turkish jewelry, carpets, and leather products. During Thursdays, the locals of Turkey sell vegetables and fruits. They also offer different types of clothing and fabrics.





You will be able to take advantage of the wide variety of the town's local products, when you buy Turkish real estate that has easy access to the markets. To enjoy your shopping experience more, you have to prepare yourself. There are times, when the vendors of Turkey can get really irritating and pushy. If you know how to haggle, you can negotiate the price of an item up to 30% less its original cost. You have to beware of some products though. When you are interested in a designer item, you will find more fakes than authentic ones. But if you know how to distinguish durable replicas, you will be able to get the most out of cheap items like Turkish jewelry.





The overseas purchase of Turkish real estate, such as properties in Marmaris, is supported by the government of Turkey. There are regulations that govern property purchase done by foreign companies or individuals. These principles are found in the country's 1943 Property Law. However, this has been amended during January 2006. There have been changes to property buying, in connection with limitations to real estate sizes. Foreign buyers may only choose properties within the municipality. The measurement of the land should not exceed 25,000 square meters; whether there is a constructed building or not. If the land surface is bigger, the buyer should ask for a special consent. When the consent is given, the limit is increased to 300,000 square meters.


Thursday, 16 May 2013

What Makes The Turkish Riviera So Attractive In Terms Of Real Estate Investments?




Purchasing properties located somewhere along the Turkish Riviera is becoming an increasingly profitable business with more and more home owners and real estate investors around the globe. The Turkish Riviera, also known as “The Turquoise Coast”, defines thousands of kilometers of shoreline, literally strewn with ancient cities and harbors, memorial tombs and beaches, little coves, lush forests and streams. The combination of a favorable climate, warm sea, and abundant natural and archeological points of interest makes this stretch of Turkey's coastline a popular destination.





One of the most important cities of the Turkish Riviera, Marmaris, is on track to become a top performing European market in terms of Marmaris real estate capital investments. Marmaris real estate office is selling any Marmaris property available, including villas, apartments and houses, in addition to commercial properties and extensive land areas. The sea and sun, nature and history, along with several marinas make any Marmaris property appealing to jet-to-let investors, tourists, and sailing lovers.





But still, what recommends Marmaris real estate market as a potential money-spinning investment? The short answer contains several keywords: price and liberal legal framework on top and above of setting, beauty, and climate. The long answer needs to bring in depth clarifications to any of the previously mentioned components.





The town of Marmaris is located at the meeting place of the Aegean Sea and the Mediterranean Sea, a harbour surrounded by pine-clad hills. It is Turkey's most sophisticated and multi-faceted holiday resort, which practically makes Marmaris real estate market an inviting world of hotels and apartments for leisure and business visitors. Marmaris has its own charm and an exceptional natural beauty, even though its traditional architectural tissue has been less vividly preserved when compared to other coastal towns. In exchange, Marmaris is a popular wintering location for hundreds of cruising boaters and tourists, also providing regular ferry services to the Greek island of Rhodes.





Considering the natural beauty of the city location, it goes without saying that tourism industry is the main source of income for Marmaris. But as usually, tourism goes hand in hand with a flourishing real estate industry, and Marmaris real estate market makes no exception. There are all sorts of Marmaris properties available, either for sale or for rental, from gorgeous villas, stone cottages to city central complexes of sunny duplex apartments. Investors don't miss the opportunity to purchase prime development land overlooking beautiful picturesque areas, such as Orhaniye Bay, where even the famous Roman Abramovic decided to invest.





After joining the EU, Turkey experienced an evident economic growth, which particularly kick-started a boom in the Marmaris property prices. Even so, the Marmaris real estate market is comparatively much cheaper than housing markets like Spain, France, the US and Italy, formerly much preferred by jet-to-let investors. The option to “live and let” is certainly alluring to a lot of people, thanks to the binary possibility offered: use the property for some of the year yourself and let it out for the rest. That makes a Marmaris property seem a sound investment.





The foreign purchase of Marmaris real estate is widely supported by the Turkish government. The principles governing the purchase of property by non-Turkish individuals or companies, established back in 1934 through the Property Law, have been last amended in January 2006, bringing notable amendments especially with regard to size limitations. Essentially, the Properly Law is predicated on a reciprocity clause, allowing foreigners to buy properties only within municipality and no more than 25,000 sqm of land, constructed or not. For bigger land surfaces, the special consent of the Turkish Council of Ministers is required, which authorised to increase the limit up to 300,000 sqm per person provided that the foreign national ownership of real estate does not exceed 5/1000 of land in any designated province.


The Facts About Buying Property In Turkey




Buying property in Turkey is remarkably easy and the whole process, from signing a preliminary contract to completion, could be completed in a matter of days. Unfortunately, however, all foreign nationals must get permission from the Military Authorities, a process that at the best of times takes up to 12 weeks. At the moment however, there is a huge backlog of applications thanks to a freeze on foreigners buying while the country's property legislation was re-drafted in 2005. Although the new law has been in place since January 2006, it is expected to take most of the year for things to get back to normal.





The recent amendments to the property law will not affect most British buyers. The main changes were to limit the amount of land that a non-Turkish national can buy to 2.5 hectares, and to limit purchases to within areas with an official town plan. Foreigners will also not be allowed to buy property in certain areas of military, economic and cultural significance. These areas are being defined at the moment, but they are not expected to include the popular coastal resorts where most British people buy.





Once you have decided on a property to buy, your will generally need to pay a deposit, which should be recorded in a contract between you and the seller. Never hand over any cash without a contract, and before signing anything get the document checked by a Turkish solicitor with experience of property law. Your solicitor will also need to make various checks and searches at the Land Registry and elsewhere. Once these are complete and you have received official clearance from the military authorities, then you are ready to pay the money and transfer the deeds into your name, a simple procedure that usually takes place in the local Land Registry office. Granting power of attorney can allow your solicitor or another trusted person to complete these formalities on your behalf.





Remember when budgeting to include all the costs and fees involved in the transaction. These include a 1.5% stamp duty, Land registry fees of about £160, the estate agent's 3% commission and legal fees. If you are buying in Euros or US Dollars remember to use a recognised foreign currency broker rather than your bank, in order to get a better rate of exchange and to save on commissions and fees.


A Brief History On Cheap Holidays To Turkey




Back in the late 1980's the then largest independent Cheap holiday company in the UK called Sunmed secured some great little holidays to what was then a pretty virgin and relatively unknown new holiday destination. Turkey. Apart from the Turks themselves no one really holidayed there or had even considered it before Sunmed introduced their Go Turkey brochure to the general British public, and although Sunmed Holidays are long gone, in the last twenty years cheap holidays to Turkey have developed and flourished into a fully fledged holiday destination contender and positioned itself into the top three holiday destinations not only for the Brits but also the rest of Europe.





Whilst the neighbouring Greeks' attraction lies in the plethora of islands that you can choose from, the attraction of what was once Asia Minor (geographically speaking it is still Asia Minor), Turkey's attraction lies in it's sheer size stretching from Asia all the way down to the borders of Syria and therefore fringing North Africa. Each coast line has its own unique personality to cover all tastes and all holiday requirements you may have. The Aegean Coast of Turkey was one of the first established areas, with the Bodrum Peninsula with its myriad selection of resorts, small and large, quiet and lively with the added bonus is that transfer times from the airport are a little under an hour, which in the summer is a godsend. Further up the coast Altinkum's metamorphosis from sleepy village to a bustling harbour town, brimful of ex-pats buying villas and apartments and actually living there has been truly meteoric. I remember begging my clients in the nineties to holiday in Altinkum and give it a chance and now within the last twelve years alone, Altinkum is one of the few resorts in Turkey that is booked at full capacity from May till October. Then of course you have what I call The Five Star City, Kusadasi where you have several kilometres worth of four and five star hotels offering Turkish All Inclusive to suit all budgets and tastes. The nearby attraction of Ephesus offers a double whammy of interest; ironically enough it was the first fully fledged Christian City in the World, the birthplace of a young Mary better known as the Mother of Christ, and of course the very famous Temple of Apollo. All this bit of Turkey may sound quite amazing but as you travel down the coast of Turkey and past the Bodrum Peninsula past the Aegean Seas and into the Mediterranean Sea you will get to see plenty more sights and sounds that definitely have that 'Wow' factor you feel when in Ephesus but for different reasons. The region of Fethiye for example with its very famous coast line, the Turquoise Coast and Olu Deniz in particular has acquired by now almost legendary status as the best beach in Turkey. In fact several years back it was voted to be in the top five beaches in the world, I remember been a bit dismissive when I heard that, until I went there, distinctly remembering the very loud 'Wow' that escaped me, I must admit I was instantly smitten! There are plenty of beaches on our little planet that have the 'wow factor', but Olu Deniz IS special; it is nestled in a valley, behind Olu Deniz where Hisaronu and Ovacik sit overlooking the bay of Olu Deniz and for you to get to Olu Deniz you need to drive through a very drab Fethiye City up towards Hisaronu, your right side completely obscured by any view of the sea, and then by some divine miracle as the taxi turns right at the small T section at the end of Hisaronu, you are instantly faced with this astonishing slash of turquoise that devours the horizon before you and you simply cannot see where the sea and the sky meet nor care to be frank. Barring the obvious natural beauty of Olu Deniz the other things that make it practically perfect is the lack of gargantuan Hotels offering All inclusive and therefore downgrading the area, Olu Deniz is small and compact, they have stringent building laws and it was one of the very fist resorts in the Med to adopt an Eco Tourism approach, part of the blue lagoon is completely blocked off from tourists and locals to allow the Caretta Turtles to nest.





Further along the coast and further away from the wonders of Fethiye we come across the leviathan resort of Marmaris with its little neighbour Icmeler. It has long been a firm favourite with British Tourists who do not want to be too far away from the comforts of home, for instance McDonalds is a very familiar point firmly ensconced in Marmaris and the bright lights and loud nightlife of the harbour end of Marmaris calls its nightly siren song to all those who still have boogie in their hearts. Surprisingly enough despite the fact that Marmaris doesn't really have the great beaches of Fethiye or nearby Dalyan, it still has much to offer in terms of things to do for those whose idea of anathema is staying on the beach and reading to be akin to them having pins inserted under their nails!





Dalyan of course is another firm favourite especially with a select bunch of ex-pats, who had been begging the local council to purchase property there for many years, before the ban on foreign nationals purchasing local properties was lifted a couple of years ago. Dalyan has a history spanning all the way back to the times of Kaunos and apart from the geological beauty of the area, you also have the Kaunos Rock Tombs, think Rose Red Sea of Petra but in Turkey and in Rock silvers and greys. It's also another dramatic looking resort, and frankly I hate using a generic word like resort to describe what Dalyan is, as it is an ancient town that has been around for several thousand years. With its lake and the river that runs through the town with all the Kaunos Rock tombs on one side, the water taxis can cut through the river that runs into the Med and deposit you on virgin white beaches that rarely see any souls, and as for all those film aficionados the Very Famous African Queen with Bogey and Hepburn was filmed here!





The last bit of the holidaying Turkey is the Antalya Region, which was first found by the German Tourists before the Brits started to creep in five or so years ago and it is also the only part of Turkey that is open twelve months of the year, enjoying on average more sunshine a year than the rest of Turkey and extraordinarily mild winters it is an inexpensive winter getaway and a more than reasonably priced summer destination, with uncountable All Inclusive hotels both big and small in resorts and cities spanning several hundred kilometres you are spoilt for choice. Side is quite amazing and still incorporates in the city centre the old Roman Market walls and arches into its current architectural setting that bellies the incredible history of this thriving port that was once the epicentre of all trade in the thriving centre of the Middle Eastern trade Routes between Egypt, Syria and Rome.





In finality Turkey has very much to offer the discerning traveller, from its rich and bountiful history to gorgeous safe beaches and plenty of shopping to keep even the most fidgety difficult traveller happy!


A Good Apartment In Alanya Enables Clients To Get Real Value




Turkey is quickly becoming a hot spot for expats looking for real estate opportunities and an apartment in Alanya seem to be a great thing to have. The country, which is situated on both the European and Asian continents, is modernizing at a rapid pace while still maintaining its many traditions and cultures. For those looking for a unique holiday or expat experience, the country has a lot to offer.





Property investors, expats, and vacation home buyers have many options in Turkey, which has many provinces and regions well suited to foreigners. The Antalya Province is one that is particularly popular for foreign investments and which has also benefited from an increase in foreign investment dollars. The area is scenic, located on the Mediterranean, and rich in culture and history.





Alanya is one of the most well known cities in the province and is an especially popular location for foreign real estate purchases, . The resort town of about 100,000 citizens has many beautiful beaches and is home to over 10,000 non-Turkish Europeans. Because of its desirable location, it is not hard to see why the town makes up over thirty percent of all foreign real estate investments made in the country.





The city is steeping in interesting history and is home to a variety of annual festivities and events. Tourists flock to the area throughout the year, but particularly during the summer when the beaches and resort properties are at their peak. Another boost to tourism in the area is the local port where cruise ships of all sizes dock throughout the tourism season.





It can often be a trying and long task to buy land or property in a foreign country. This is definitely true in Turkey, however, those who take their time with the process often find that they did very well in the end. More and more people are purchasing property in Turkey, whether it be for strictly an investment, for a holiday home, or for a place to settle permanently, this is only continuing to grow as the nation works to enter the E. U.





Turkish law had many more restrictions upon foreigners buying property in the years before 2003. While there have been some restrictions put into place recently, the overall process is much easier than it once was and buyers often find the process successful. The highest percentage of foreign buyers are from other European nations, such as Britain, Greece, and Germany.





In Antalya Province, and in Turkey in general, real estate investment opportunities are vast and there are deals to be found. Apartments range from new and modern builds to those that have been around for centuries. Because specific Turkish laws prevent foreign nationals from owning properties in small villages, prospective buyers should focus their property searches in the larger town and cities found in their desire regions or provinces.





The different options for an apartment in Alanya are huge and can often be much less costly than options in other European nations. Even areas in beach and resort towns, such as this, have options which fit most investment budgets, especially for those looking for renovation options. Regardless of actual reason for the purchase, the town has something to offer everyone.


Kusadasi - One Turkish Dream Came True




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.





Each Kusadasi property for rental or for sale is in very good condition and it is panoramically located so that to offer a wonderful view of the Kusadasi forests or fruits gardens, the island of Samos or the Aegean Sea. Each villa and apartment has air conditioner, cloakroom, bookcase and wooden wardrobe in the bedroom. The Kusadasi properties walls are insulated towards water, voice and heat and coated with satin plaster and water based satin painted. The carefully planned and luxury looking real estate Kusadasi complexes are completely designed for the ultimate comfort, including a shared swimming-pool and parking lot for your private cars. Of course, for the right price, a Jacuzzi can be placed even in the main bedroom.


Foreigners Are Allowed One More Time To Buy Property In Turkey According To Turkish Parliament




Turkish Parliament passed a bill on property sales to foreigners, drafted taking into consideration a Constitutional Court decision revoking a previous law on the matter.





Foreign citizens and companies will now be able to buy real estate in Turkey. However, sales of land in areas under protection, designated as irrigation, energy, agricultural, mining, religious or cultural sites or due to their flora or fauna as well as strategic areas with security considerations are not allowed. Areas will be designated as such by the Cabinet.





Real foreign persons will be entitled to purchase property within the limits of areas allocated for development as long as the total land purchased by foreign persons in the city does not exceed 10 percent of the total land in a given province's city center. The companies established by foreign citizens or those with foreign shareholdings will be able to acquire real estate in order to conduct the activities stated in their articles of incorporation. This principle will also be applicable to transfers of property so acquired.


Wednesday, 15 May 2013

Antalya Property- A Haven Of Comfort Living And Income Opportunities




Are you thinking of venturing a certain kind of business which can give you great investment opportunities? Or maybe planning of moving to other places to spend for a vacation? Well, it is not hard to realize if you have the means. Why? Because by chance you can discover several possibilities that are quite fulfilling in the heart of Turkey's amazing tourist destination of Antalya. More people are earning big sum of money in buying and selling properties in various places of this country. And Antalya property is just one of them that are now gaining good reputation and popularity throughout the tourism market in Turkey and around the world.





Antalya's Rich Culture and History





Furthermore, due to the strategies made by tourist guides in dealing with the vacationers, most of them are having a good time enjoying the tour. As you see Antalya, the snow-capped mountain peaks are revealing an exotic view of the place and it is built with ski-resorts for skiing activities that captures the hearts of every sports lovers. Of course, if you go swimming you can experience the comforting and relaxing feel of its warm waters in the stunning beaches of Antalya and Belek. Moreover, if you continue touring the rest parts of the place you can see the historical wonders which mirror Turkey's rich culture and history. Visiting the place is indeed an unforgettable and exhilirating experience to all vacationers in the land.





The Panorama of Antalya





What makes Antalya unique and memorable one? According to some published researches, Antalya is considered as one of the world's most promising vacation places due to its exotic surroundings particularly in the Southwestern part of Anatolia, where the gorgeous shores of Antalya rests. Here you can find the popular Turkish Riviera that sets so many stunning beaches that are soon to be developed into resorts. You can also see the panoramic view of the sea cliffs that provides a picturesque of its gleaming seas. Moreover, the extended summer season also gives its vacationers a cozy and relaxing climate all year round.





The Bustling Market of Antalya





Antalya city center is also a busy place where most people spend their holiday trips visiting shopping centers, cafes and dining places to enjoy a cosmopolitan feel. The lively colorful streets down to its palm-lined boulevards provide a good stroll especially during night time. You can also find Turkish delight stores that sell hand made embroidery, lace table cloths and serviettes, carpets and rugs, leather stuffs and a choice of silver and gold jeweleries. During Saturday, the place celebrates the regular market day where you can buy clothes, lace, fruit and fresh vegetables at a very cheap price.





Investment Opportunities





If you visit Antalya for business reason, make the best deal in Antalya property such as villas, apartments and beach resorts that demands luxurious rental fees. Foreign investors who want to engage for certain investments are assured of good income and security. Not only that, the buying process is also simple since Turkey's authorities are so helpful especially to foreign nationals to make the process more convenient for both the seller and the buyer. All you need to do is to have a complete understanding of the Turkish law in property acquisition.





Be Guided by Property Brokers





If you are searching for a holiday home, residential apartments or properties for your business ventures, there are so many property brokers in the internet that advertise the different property types for sale in Turkey. You can also find in their sites various services that will make your search easy. However, it is always advised that every property buyers is cautioned to take extra care in choosing brokers and agents to avoid any occurences of problems in the future. In this case, for your best and a more secure search you can give 100% reliance to Turkey's Property Guide. It is an agency that is most trusted with regards to property transactions.





Antalya property is not only a financial asset to prospective investors but a haven of comfort living and a fulfillment of vacation trips to anyone.


Acquiring The Best Property In Alanya Immediately Is Advisable




The countless number of properties in Alanya offers a great opportunity for an investor, tourist or permanent resident. The properties are easy to purchase because of availability of credit facilities and affordable flights through the main airlines. You can now have a property in alanya without restrictions or financial constraints.





Credit companies are offering great deals to people interested in investing in properties in this area; this could be your chance to buy the properties of your choice. Credit facilities will make it possible to afford any kind of properties that are available and for sale in this area. You can travel to and from turkey through the local airlines which will charge you reasonably.





Having property well invested in Alanya would benefit you more because it will be benefiting the countless number of tourists who visit. These tourists are attracted by the warm climate and fantastic beaches present in this area. Your investment will bring more profits as you anticipated especially if your property is strategically placed.





The good thing about the properties in Alanya is that they are placed in positions that enable access to facilities like towns, airports and schools. This strategic positioning of properties helps attract more visitors to the area as they will be able to access all the facilities that they need. Other services like food and entertainment will be available as the area is filled with restaurants and bars on and away from the beaches.





Properties in this area are suitable for any need because they have been designed so and equipped to satisfy those varying needs. As an investor, it will be a plus to you if you take advantage of this fact and use it to provide services to those who need them. In case you are doing this for the first time; the professional advisers will help you choose and invest in the right properties.





These agents are knowledgeable and experienced in this area hence they will give professional guidance and opinion regarding the available properties for sale. There will be market in most times of the year because this is a place that is filled with so much from the ancient times. Some people who visit for a while end up becoming permanent residents after realizing that it is a culturally rich part of the Turkish country.





Endorsement of the new property law will work towards supporting you as an investor from a different country. You can buy properties in this area and run them without fear of getting into any legal trouble with the concerned authorities. You will not be alone because the favorable investment conditions in Alanya will attract more people like you.





As a possessor of a good property in Alanya, you will gain more and with time, the chance will yield more investment opportunities. Spend little money and acquire property that will bring in more money through profits. Make this the path to success for you and the next of your generation.


Property Buyer's Guide To The Turkish Mediterranean




An established package holiday destination, Turkey has recently emerged as one of the hottest new property spots in the Mediterranean. Good beaches, great scenery and prices much lower than the region's more established property markets, like Spain and France, have encouraged huge excitement from holiday home buyers. Despite a difficult year in 2005,Tukrish when the country's property laws were re-drafted leaving thousands of property transactions frozen for over 6 months, the future looks exciting. New golf courses and marinas, better roads and expanded airports, are adding to the country's appeal, while the possibility of EU membership in the not-too-distant-future, also bodes well for those investing in Turkish property. The rental market is starting to develop in the main resorts, such as Bodrum, Altinkum, Fethiye, Kalkan, Side and Alanya, with short-term and holiday lets arranged through tour operators, management agents or one of the many new rental websites. However, as a word of caution, remember that in an increasingly crowded marketplace, you need to carefully choose your property in order to achieve reliable rental returns.





So where are Turkish Riviera's most popular places to buy?



“We decided to buy a villa in Fethiye because it is a proper town and doesn't close down in the winter,” says Tim Goodman, who moved out from Newcastle with his wife Jenny in 2004. “We love our new life, although it took us a while to get used to some things, like the crazy Turkish driving and the summer heat!”





Tim and Jenny have also found it frustrating not to be able to speak to their Turkish neighbours, so they recently started language lessons twice a week.





“Turkish people are so friendly and welcoming, but we wanted to be able to have a conversation,” explains Jenny. “It is also useful to have some simple phrases when you have someone working on the house.”





Belek is Turkey's foremost golfing centre, with no less than 6 international standard courses. A 20-minute drive from the city of Antalya and airport, the resort has a long stretch of golden sand too. Not surprisingly, Belek is a property hot-spot, with over 35 new developments in the area. Do your research carefully, as not all are offering value for money. Check the details of each development and compare facilities, the size of units and building specifications. Prices start from £119,000 for a three-bedroom semi-detached villa or £145,000 for a detached property bought off-plan.





“Belek is a really exciting area because of the golf and easy access to the airport,” says Taylan Gundeslioglu, owner of Letsgototurkey construction and estate agency. “But only recently have good quality properties become available.”





Once a Roman slave market, the resort of Side has white sand beaches and some impressive ancient remains, including an amphitheatre and the evocative waterside colonnade of the Temple of Apollo. Due to its archaeological importance, development is strictly controlled around the resort itself, but there are numerous villa and apartment complexes nearby. A two-bedroom apartment typically costs from £55,000-£80,000.



Alanya is one of the Mediterranean's hottest property spots thanks to its Blue Flag beaches, excellent leisure facilities and entertainment. The sea-girt castle – built by the Selcuk Turks – is another popular attraction. The local property market is dominated by apartments, which start from about £65,000 for a two-bedroom unit near the centre of town. But a 15-minute bus ride away to Mahmutlar and prices drop to under £50,000 for a similar size place on a new complex with good facilities.


Foreign Direct Investments In Turkey




Legal Framework for FDI in Turkey





Pro-business foreign investment policies have been introduced as part of the liberalization of the Turkish economy. The foreign investment legislation provides a more secure environment for foreign capital by providing support from several bilateral and multilateral agreements and organizations, granting foreign capital the same rights and obligations as local capital, and guaranteeing the transfer of profits, fees and royalties and the repatriation of capital.





The foreign direct investment Law No. 4875, which has been in force since June 17, 2003, emphasizes the key elements of the liberal investment environment in Turkey, and represents a "legal guide" to international investors about their rights and obligations. Since all companies established in Turkey within the framework of the Turkish Commercial Code are considered Turkish companies, all duties and responsibilities are the same, regardless of the nature of the capital structure of the company..





Law No. 4875 provides:





• freedom to invest by eliminating all former FDI-related screening, approval, share transfer and minimum capital requirements;





• reassurance of existing guarantees in one transparent and stable document;





• upgrading to accepted international standards for definitions of "foreign investor" and "foreign direct investment"; and





• a policy shift from ex-ante control to a promotion and facilitation approach with minimal ex-post monitoring.





Turkey has been a party to several international organizations and bilateral and multilateral agreements, which provide a more secure investment environment for foreign investors, such as:





• Turkey is a member of OECD, WTO,





IMF, World Bank and organizations of the World Bank, including Multinational International Guaranty Agency ("MIGA").





• Agreements to protect and promote investment have been signed with 77 countries, and 62 of these such agreements are currently in force.





• Agreements to avoid double taxation are currently in effect with 61 countries.





• Turkey has been a party to OECD Codes of Capital Movements and Invisible Transactions and the convention on the International Center for Settlement of Disputes.





• Turkey has been a party to investment-related agreements on WTO platforms such as TRIMs (Trade Related Investment Measures) and TRIPs (Trade Related Intellectual Property Rights).





In 1999, the Grand National Assembly passed a Constitutional amendment permitting national and international arbitration of certain business disputes involving concession agreements for public services. In 2000, the related implementation laws allowing international arbitration in contracts involving Turkey and foreign investors were approved by the Parliament.





In addition, regulated markets for electricity and natural gas were introduced to address the shortcomings of the current centralized model. The telecommunications sector has also undergone changes, transforming the formerly monopolistic structure to a regulated and competitive sector. The High Council of Telecommunications was established in 2000 as a supervisory body for the telecommunication industry. The last step towards a full liberalization of the sector began on January 1, 2004 following the termination of the monopoly of Turk Telekom on voice telephony services and telecommunication infrastructure, Following full liberalization, the Telecommunication Authority granted the first licenses for territorial data transmission.,





FDI Statistics





According to the balance of payment statistics published by the Central Bank of the Republic of Turkey, the capital (inflow) of US $ 1.752 million in 2003 has increased by 55,9 % in 2004 and reached to US $ 2.837 million. In 2000, 2001 and 2002 total direct foreign capital (inflow) are US $ 982 million, US $ 3.352 million and US $ 1.137 million respectively.





In line with the recovery of the main economic indicators and efforts to improve investment environment, FDI inflows continued to rise in 2005. Net FDI inflows into Turkey totaled $ 9.667 million in 2005, implying more than three fold increase compared to 2004.





As of 2005, there are 11.685 companies with foreign capital in Turkey. Out of these, 9.684 are of new company and branch establishment and 2.001 are of foreign capital participations into existing companies.





Investments in the services sector accounted for 91 % of total foreign direct investment for 2005, while manufacturing accounted for 8,5 % of such total.





In the year of 2005, 209 incentive certificates were issued for investments to be carried out by companies with foreign capital, and the estimated total value of these investments within these certificates amount to US$ 3,49 million, of which 51% will be undertaken by foreign shareholders.





In terms of accumulated foreign capital commitment up to today; the leading investors are Germany, USA, the Netherlands, Greece, United Kingdom, Switzerland, Belgium and Russian Federation.





Within the manufacturing industries, the leading sectors are;





• Automotive and transportation equipment





• Food, beverage and tobacco industries





• Chemical and petroleum products





• Electrical machinery and electronics Within services sector, the leading sectors are;





• Banking





• Trade & retail chain stores





• Telecommunications





• Tourism





Policy Reforms to Increase the FDI Inflows to Turkey





Strengthening private sector activity in the Turkish economy is an integral part of the Government's overall macroeconomic stabilization program. The aim of the program is to achieve a sustainable growth level with a vibrant private sector and a smaller but more effective public sector. Key structural reforms in major markets such as agriculture, pensions, banking, telecommunications and energy and accelerated privatisation program have been adopted, which will pave the way for a more dynamic private sector.





Despite its competitive advantages and diverse market opportunities, FDI inflows have not lived up to the potential of an economy of that size. Recognizing the importance of this issue, the Government placed efforts for improving the investment environment at the top of the political agenda.





The Government of Turkey has therefore initiated a comprehensive reform program in December 2001, to streamline all investment-related procedures and to attract more private direct domestic and foreign investment and besides legal allowance preformed in 2003, providing real people and corporate assets of foreign origin to acquire property in Turkey, was overturned by the Turkish Court in 2005.. The Government has established a Co-ordination Board for Improving the Investment Environment (YO-IKK). The Board assigned specialized technical committees to work on developing concrete proposals and strategies in order to overcome all main obstacles. Productive collaboration between the public and the private sector is the key in this process. To ensure that policy reforms truly reflect and address private sector concerns, intensive and direct involvement of companies and investors in this process is critical. Each technical committee therefore consists of private sector and government agencies' representatives. The Board's mandate is to make specific recommendations to the Council of Ministers who will take the required political decisions to remove the obstacles impeding the improvement of the investment climate.





General Incentive Regime





The principal purpose of incentives is to eliminate inter-regional imbalances, facilitate a larger capital contribution by the public and support activities that have a positive effect on employment. Furthermore, inflow of foreign currency and advanced technology and improvement of international competitiveness are also aimed without breaching international obligations.





Incentives for investments to be realized in the priority and least developed regions simply aim to increase employment in these regions through tax exemptions and other financial incentives.





Major Incentive Instruments





• Exemption from customs duties and fund levies: This incentive measure ensures that the imported machinery and equipment for investment purposes are exempted from customs duties and fund levies. Such machinery and equipment must be included in the imported machinery and equipment list to be approved by General Directorate of Foreign Investment (GDFI). Raw materials and intermediate goods cannot be imported under this provision.





• Value Added Tax (VAT) exemption: The VAT, payable for both imported and locally purchased machinery and equipment, is exempted under this incentive measure. Such machinery and equipment must be included in the import machinery list and approved by GDFI. The locally purchased machinery and equipment should be included in the locally procured machinery list and approved by the GDFI.





• Credit Allocation from the Budget: Credits can be allocated from the budget to the following investments: Research and Development (R&D) investments, Technopark Establishment, Investments in Technoparks, Investments for Environmental Protection, Priority Technological Investments which are determined by the Supreme Council of Science and Technology or Scientific and Technological Research Council of Turkey (TUBI-TAK).ln addition to the above investments to be moved to provinces specified for regional development and investments to be moved to priority regions and other organized zones from developed regions and manufacturing, agro-industry and mining investments to be realized in the priority regions in compliance with the legislation on State Subsidies for Investments.





Turkey has three types of regions with regard to implementation of incentive regime





• Developed regions- the Provincial boundaries of Istanbul and Kocaeli, and the municipality boundaries of Ankara, Izmir, Bursa, Adana and Antalya.





• Priority Turkish regions- 50 provinces determined by the Council of Ministers; Adıyaman, Aksaray, Amasya, Ardahan, Artvin, Batman, Bartın, Bayburt, Bingöl, Bitlis, Çanakkale (only the provinces of Bozcaada and Gökçeada) Çorum, Erzincan, Erzurum, Giresun, Hakkari, Karabük, Karaman, Kars, Kastamonu, Kilis, Malatya, Mardin, Ordu, Osmaniye, Rize, Samsun, Siirt, Sinop, Sivas, Tokat, Trabzon, Tunceli, Van, Yozgat and Zonguldak.





• Normal regions- the remaining provinces.





Eligibility criteria for the incentives





• The minimum amount of fixed investment must be YTL 400.000 for developed regions and normal regions, YTL 200.000 for priority regions.





Incentives for the Least Developed Regions





According to the Law for the Encouragement of Investments and Employment, No. 5084, dated February 6, 2004, and Law on Amendments of the Law No.5084, No. 5350, dated May 12, 2005 additional incentives are granted to the investors that invest in the following provinces, which have per capita income equal to or less than $ 1,500 or the provinces with a minus index value on the socio-economic development ranking: Sinop, Giresun, Amasya, Malatya, Sivas, Tokat, Afyon, Erzincan, Osmaniye, Düzce, Siirt, Ordu, Erzurum, Batman, Bayburt, Mardin, Aksaray, Adıyaman, Kars, Van, Yozgat, Ardahan, Hakkari, Bingöl, Bitlis, Artvin, Çorum, Karaman, Kastamonu, Rize, Tunceli, Kilis, Kütahya, Trabzon.





Additional incentives granted in the aforementioned provinces are as follows:





• Incentive on witholding of income tax,





• Insurance premium incentive for employers,





• Energy support,





• Free land allocation.


Turkey's Blue Mosque - Its Culture, History and Significance




Standing as a towering beacon to the Muslim people, the Blue Mosque in Turkey is considered a major work of Islamic architecture around the world. In fact, of all the ancient mosques, it is noted as one of the most treasured of the mosques in the world today. Built during the Ottoman Empire, the mosque is located in Istanbul Turkey. This highly unusual mosque is world renown for its blue tiled roof and the six minarets that can be seen from great distances. It is also recognizable for its many cascading domes and vast courtyard. The interior of the domed roof is world renowned and is lined with 20,000 blue tiles interlayed with gold, white, yellow and red tiles. The famous blue Isnik tiles is where the mosque receives its name. Many of the original blue tiles that remain are engraved with flowers, trees and other more abstract patterns. The building features over 260 windows that were once hand crafted 17th century stained glass. Many of these have been replaced over the years with inferior replicas due to breakage.





The mosque was commissioned to be built by the Sultan Ahmet I at the age of 19. It was built near the Byzantine Imperial Palace. The construction of the mosque started in 1609 and took seven years to finish. When the Sultan Ahmet I decided upon building this vast mosque it was his intention to build a place of Islamic worship even more profound than that of the Hagia Sophia which is another premier mosque in Istandbul.





The mosque was designed by a premier architect of the time, Mehmet Aga. Because the Sultan Ahmet I was so passionate about this mosque, it was named after him. Though widely known around the world as the Blue Mosque of Istanbul, it's more traditional official name is the Sultanahmet Mosque. The sultan whose passion brought him to aid in the building of the structure hands on at times, had a very brief time to enjoy the splendor of his creation as he died just one year after it's completion. The mosque during its premier days, featured many other outbuildings including: a market, a hospital, a primary school for Muslim youth and the tomb for the Sultan Ahmet I and his family. Most of the buildings were torn down in the 1800's and the only remaining buildings that stand today are the mosque and the tomb which features a courtyard and a garden area.





For people who wish to see the Blue Mosque, Turkey offers great festivals and events that allow people to learn more about this architectural masterpiece and its religious significance to the Muslim world both yesterday and today. Non worshippers to the mosque also known as a Masjid are not allowed to go to the main entrance as it is considered sacred.





The The Blue Mosque is open daily for non worshipping visitors at certain times of the day. The Muslim religion requires a modest attire for parishioners and visitors alike. All people entering the masjid are asked to dress modestly. Each visitor is expected to cover their knees and shoulders. Additionally, women are asked to cover their heads out of respect for the customs of the Muslim people. Visitors are also required to remove their shoes upon entering the Mosque. Plastic bags for visitors to carry their shoes in are provided, however, people are encouraged to bring their own bags as well. In addition, all visitors are asked to keep their voices low and be mindful when taking photographs. Visitors should note that this site is an active mosque and has many Muslim worshippers that visit the site daily for their prayers.


Privatization Endeavor In Turkey




A strong and sustained commitment





The striking economic shifts of the 80's ushered a new era for the world economy, where privatization became one of the most essential and indispensable financial reforms on the economic agendas of many nations. As being one of the fundamental tools of the free market economy, privatization has been on Turkey's agenda since 1984.





Privatization in Turkey, not only aims to minimise state involvement in economic activities and to relieve the financial burden of State Economic Enterprises (SEE) on the national budget, but also contemplates the development of capital markets and the re-channelling of resources towards new investments. Turkey, one of the fastest growing economies of the world has positioned itself as an attractive and promising investment environment through the implementation free trade principles and establishment of dynamic capital markets as well as offering liberal incentives facilitating transactions for international investors and exporters.





The fundamental transformation in Turkish economy has moved the country from an in-ward-focussed import substitution model towards an export led growth and industrial one. The East-West expansion of the world's geopolitical horizons has opened up a new era for Turkey with many promising opportunities for international investors. The investment opportunities in Turkey are particularly attractive in the framework of country's ongoing ambitious privatization agenda. The involvement and participation of international investors is highly encouraged in the massive privatization program. The privatization process in Turkey with a view of relieving the burden of state economic enterprises on the national budget, has proved to be an important source of funds for the government and brought tangible results and progress within this philosophy. Although this task has not been easy, many state-owned companies have passed to the private sector.





Bodies Responsible from Privatization under Law





No. 4046 Under the Privatization Law No. 4046, privatization process is carried out by two bodies: Privatization High Council Privatization Administration





The Privatization High Council (PHC) is the ultimate decision-making body for privatization in Turkey. The Council, headed by the Prime Minister, is composed of four ministers.





PHC nominates the organisations for privatization through taking state-owned economic enterprises in and out of the privatization portfolio and is responsible from the methodology and timing of the privatization procedures by approving the final transfer procedure of the organizations to real people or/and legal entities.





The Privatization Administration (PA) is the executive body for the privatization process. It is a legal public entity with an exclusive budget, reporting directly to the Prime Minister. PA's major duties include the execution of PHC's decisions, advising the PHC in matters related to the transfer of SEE's into or out of privatization portfolio and restructuring and rehabilitation of SEE's in order to prepare them for privatization.


Tuesday, 14 May 2013

Your Turkish Dream Property




Buying property overseas is a risky and lengthy task, for you might waste your money, time and effort if you failed understand their culture and customs. It would undergo a lot of studying and help from a real estate agent and a lawyer if necessary. Be informed and be a wise buyer.





Turkey is one of the ancient countries that have great memoirs' of history. Indeed, it has great world's settlement that makes them popular and encouraging for the buyers to acquire a part of its property. It has a good sense of environment, overwhelming people; low cost of living and productive resources to live in is enough for you to settle. And these are the reasons why buyers are enticed to acquire Turkey's property.





There are three approaches on how to buy property overseas:





· Buying an existing property



· Buying a newly built property from a developer



· Buying a plot of land and building a property





Buying an existing property without being developed is enough for you to visualize your plans about what you are going to build. It would be advisable to a starting person for pursuing his dreams in the future for that existing property. On the other hand, buying a newly built property from a developer would minimize your cost of purchasing it because it was already newly built and all you have to do is to develop it. It would be an easy task for you because it has already some legal documents from its former developer and you just have to process it for you to own it. Thus, buying a plot of land and building a property is a lengthy task but an exciting one. It would get you more effort to process such ways to grab it.





Tips on how to be a wise buyer of the property:





· Never sign a contract without knowing its content. Read first and analyze the manuscript that you are signing.





· Ensure specialist advice from an authorized person like lawyers, architect, and others. Authorized person will help you to settle things in buying properties.





· Ensure that you do not inherent a debt before you by the property for you to avoid its burden. Knowing the burdensome of that property will fix your legal documents clear.





· Be aware of the cost charged of that property without being fooled. Awareness of the real cost charged of that property will be easy for you to pay it.





· Ensure proper and legal documents of the property before you buy it. Having this legal document will ensure your ownership status.





· Negotiate wisely with your co-deal to avoid any trouble. Deal with your contact clearly will ensure your assurance of acquiring that property.





· Get some tips from other specialist relating to buying property. Specialist of this aspect will help you to do so.





· Be a wise buyer and consider such things before you buy the property. Think at least ten times before you buy that property.





Normally, buying an overseas property is payable in foreign currency especially in Turkey. Most buyers of overseas property rent out their property for a period of time to cover all or most of the cost. The rented time is dependable on its location.





The cost of having an overseas property is more than the mortgage. You shouldn't forget that you are mandated to pay local taxes, insurance, utility bills and general maintenance. Indeed, Turkey is a very accommodating place to settle in. So living in Turkey is a wonderful start to pursue your dreams in the coming years.





Be wary of the local laws. Get a good real estate lawyer from Turkey and have it spelled out for you. You don't want to be spending your hard earned money then have it taken away from you because of a mere technicality.





Be ready to be mesmerized with their traditions and their culture, Turkey has one of the richest heritage in their area. If you want to immerse yourself in this, then it would be a good idea to purchase a property there. It doesn't matter if its for a permanent residency or for vacations, this country will leave you breathless and make you coming back for more.


Foreign Skills For International Lawyers




The choice of a particular lawyer can be as varied as your choice for a particular restaurant, be it an Italian, Chinese or Indian restaurant. From business contracts to civil disputes, the skills of lawyers are often called upon for a number of different reasons not least to help find a potential solution.





Lawyers are qualified and licensed to practice law, some are highly specialised, offering their expertise in a particular area of law. From employment law to family law, immigration law to business law, there are no shortages of fields that lawyers are not able to advise on. With a number of migrant communities, especially from emerging markets living in the UK in large cities including London, Manchester and Birmingham, the need for skilled practitioners with additional language skills can be important.





Turkey is often described as a bridge between Europe and the Middle East with trade an important aspect of the region. Turkey's position as an emerging market was highlighted by drinks manufacturer Diageo's purchase of Turkish spirit maker 'Mey Icki' for over £1bn in February 2011. Although this was an investment in Turkey, Diageo and other foreign drinks importers have been locked in a dispute with the Turkish government over the amount of customs tax paid on imported spirits between 2001 and 2009. Whether the requirements for Turkish lawyers are for business advice in the case of an investment or the need to provide assistance to the estimated 80,000 people from Turkey in Britain, 130,000 Turk-Cypriots and Kurdish community, the top Turkish lawyers will provide the relevant language and legal skills.





The Nigerian community in the UK is made up of economically active and professional individuals, with a number between 100,000 and 160,000 British Nigerians representing the community since 2009. Indeed Nigeria is considered the second largest economy in Africa with developing financial and legal centres and its success as a major oil producer has seen the country become the 8th largest exporter of the commodity in the world. For all the success in this field, Nigeria had to overcome many politically and economically sensitive situations, some of which have included bribery cases in the Nigerian oil industry. From working with members of the community in the UK to working in the developing oil industry, Nigerian lawyers are highly specialised professionals.





Of all the emerging economies in the world, none has made an impact on the world stage as impressive as that of the Chinese economy. China has successfully transformed itself from a closed market to a free market economy, though a number of challenges still remain, not least the position of foreign investment in Chinese companies. Chinese lawyers can therefore play a hugely important role in advising on business issues as diverse as investments to contract negotiations between a Chinese supplier and a buyer.


A Guide To Buy A Property In Turkey




Buying a property in turkey is a great investment in your vacations and your future. With prices rising in Florida and Eastern Europe, Turkey is fast becoming the best place to buy property for vacations or investment purposes. The summers in Turkey last from March to November, making it the longest summer vacation spot, and perfect for renting for an extra income. Additionally, finding property for sale in Turkey is very easy to do.





If you are looking for beach front property, the best place to look is in Altinkum. This beautiful area of Turkey has great features like lush beaches and great entertainment opportunities. Property for sale in Altinkum is typically either apartments or villas. While these are the higher priced areas of Turkey, with the sandy golden beaches and the great entertainment, your summer vacation home will be well worth the price.





Due to the growing demand for quality properties in Turkey, combined with new real estate legislation, natural disasters, and the age of the current properties, the prospect of new construction in Turkey is immanent. Within a few years, the prices for quality properties in Turkey will be rising. Now is the best time to buy a property in Turkey for investment.





The first step to buying a property in Turkey is to make sure that you have enough money to invest. The prices for property in Turkey are currently running between twenty thousand and one hundred thousand pounds. The price of the property really depends on location, age, and size. Until very recently, property in Turkey had to be paid for in cash. Since March of 2006, however, mortgage laws have been passed and mortgage companies have begun to work with Turkey property owners and buyers.





The next step to buying a property in Turkey is to contact real estate agents or owners of property for sale in Turkey. You can find properties for sale in Turkey by looking through Turkish newspapers. You can also find properties for sale in Turkey by going through real estate agents. Finding real estate agents in Turkey is as simple as doing an internet search for real estate agents in Turkey.





You may also wish to contact a solicitor. There are many laws and regulations that must be followed when buying a property in Turkey. Additionally, there are can be translation issues as well as important steps such as contracts to be signed. Having a solicitor help you with your purchase of a property in Turkey will help to ensure that your rights are being protected and that you are getting the best deal possible.





Another reason to hire a solicitor is to assist in translation issues. The contracts that you will need to sign in order to





buy a property in Turkey will more than likely be presented in Turkish, especially if you buy from an owner directly rather than through a real estate agent. A solicitor can assist you in protecting your rights by having the documents translated into English.





If you do decide to hire a solicitor, you may wish to sign a power of attorney. This important document will allow the solicitor to sign contracts, pay taxes and fees, and handle all other business related to your purchase of quality properties in Turkey. This will enable your solicitor to handle all of the transactions for you, without the need for you to travel to Turkey several times to complete your purchase.


Saturday, 2 February 2013

The Property and Construction Economy In Turkey.


Turkey definitely has one of the most significant construction services market sphere in the world.


The GDP of Construction and Building sector is now over 6% and it hires more than 1.5 million people . When all the related and adding supplies from other businesses are taken into account, the share of the construction market in the Turkish industry reaches nearly 30% and the employment impact an estimated 10%.
The industry is still expanding and growth rate by the end of 2011 was over 11%. This sector is one of the main reasons and a driving force in the recent economic rise of Turkey.
The infrastructure development strategy has assisted and accented the sector with several major projects Such as the construction of the high speed railway line which will connect the capital city and the largest population centers with Istanbul and serve more than 17 million people to spread around the country. This compliments the large scale and amazing improvement of the road network and the constant upgrading of its system of Airports for domestic and global marketing customers.
The Turkish Contractors Association (TCA) has a pool of well qualified engineers architects and all required professions to supply contracting companies A good 90% of the members of TCA are composed of engineers and architects. These highly trained professionals are responsible for the realization of 70% of domestic construction works and 80% of over 4200 projects undertaken Internationally in 69 countries.
31 Turkish contracting companies were ranked among the World’s Top International Contractors which was announced by the most important international industry magazine in 2011.
By the end of 2011, Turkish contractors had undertaken nearly 6500 projects in 94 countries, with a total value of over £100 billion .As an export sector in is substantial and that activity internationally brings reciprocal and supply advantages home.
One of the preliminary destinations Turkish contractors delivered their services to was Libya. So their services are truly international with cultural ties to the eastern markets and its pivotal regional location Turkey is becoming a centre of services around its borders
This is illustrated by figures in 2011, Turkish contractors had performed new projects totaling £9 billion with a share of 17.7% from the Russian Federation which has been a premier international market for Turkish contractors for many years this is followed by Turkmenistan (17.0%), Iraq (9.8%) and Kazakhstan (8.9%).
As Turkey is also among the international top 12 producers of building materials such as cement, glass, steel and ceramic tiles. It not only supplies the construction and building services but has the ingredients to cheaply transport to many of its international markets and projects.

In conclusion Turkey has a building and construction sector that is and has been a giant in current times and with world events it seems that is set to take on and develop

Wednesday, 9 January 2013

Is 2013 This Time The No brainer Time To Invest In Turkish Homes

Turkey now has discovered a period of steady government since the "Erdogan AKP" party government was elected in 2002 The region has been in a long lasting period of social and industrial reform A strengthening of the banking system has resulted in an enhanced international bank community which in tango with the ruling party has been enacting more fiscally accountable programs This is evident in the private sector and by government paying down outstanding debts which has composed the enviroment of stability and belief. This commenced and was accelerated during the boom At that point in time there were a wide selection of other stars in the property market that have since faded. Diminished prospects of the areas that were once as attractive due to uncomplicated path to EU accession and all the economic benefits and thus property market boosts that once went hand in hand.
That seems now to be times gone by and many would dispute that being tied to the EU is a shackle now
So Now, the EU is a shadow of its former self and Turkey is offered as one of the fastest growing economies in the whole world. Other competing destinations seem now to have costs due to the EU and recession, there are only a handful of destinations in Areas worth purchasing in and Turkey is certainly one of them.
It is in a step that still gives notable value for money with a young population that is aspirational and giving up the positives of a exciting economy. Maybe it is wise to look at areas that do not have an oversupply but in the conurbations that have a supply lag and can generate higher rental yields. Such As Istanbul Izmir and other emerging cities that have large education facilities.
In Turkish tourism the year 2008 hit 26 million visitors, up 3 million from 2007 and has risen each year on year, In the seven years 2002-2009 Turkish GDP gains averaged 6.17% per year. In these same time frames the Turkish government had been reducing public debt and bringing decrease and stabilizing inflation.
This growth is starting to give a different financial investment market there has been recent boundaries but it has growth that is the envy of many other economies System spending makes specific area changes like new airports and roads.
In conclusion this may be the most important year to invest. The prices in some areas are still influenced by world slowdown but in other areas fuelled by new cash rich investors such as Russians and Arabic states that find the Muslim based culture attractive.
The Turkish Property market still seems very viable maybe not so much in the original sense maybe it is best to look at the evolution of the country as a whole it has massive tourism attributes but that is not all and maybe if a blend of goals could be achieved with an investment that would represent a useful decision.