Tag: homes
Top Five Ruins to explore in Turkey
Turkey is a budding historian’s fantasy. Few can argue with that, but which of the famous sites truly will leave you awe-struck, which will truly let your imagination run wild through the ages, and which can you simply not miss whilst basking in the Turkish sunshine? Here are the top five. At number five are [...]
Turkey and problems started to arise
A Turkish proverb says, “Once you have property, you have a problem.” This proverb gently addresses the problems of the modern world and demonstrates the difficulties of having things. On the other hand, almost nobody can stop herself/himself from having things. I also find Tracy Chapman’s song mentioning “Mountains O’ Things” very meaningful. A dear [...]
Turkish competition law 1
Starting from the first decades of the 20th century, the Turkish state has established state-owned enterprises as almost no private entrepreneurs were available at the time. This state-owned industry made its own economic rules. Turkey was transformed into a new universe following the elections of 1983. In line with the principles of a liberal market [...]
Free Zone Regulation in Turkey
These zones are designed to increase the number of export-focused investments. Legal and administrative regulations in the commercial, financial and economic fields applicable within the customs area are either not implemented or partially implemented in such free trade zones. In general, all kinds of commercial activities can be performed in free zones such as manufacturing, [...]
Fully binding contract
Dear Mr. Çektir, what are the age requirements for a Turkish citizen to enter into a legally binding contract? Are these requirements also valid for employment contracts? Thank you for your e-mail. First, I would like to inform you about provisions regarding contracts under Turkish law, briefly. According to Turkish law, persons who have reached [...]
32.000 Britons in Turkey
British people has never stop buying in Turkey and latest figure shows how property market is expanding in Turkey. According to the latest data released by the Turkish General Directorate of Land Registry, demand for Turkish property is not showing any signs of slowing with a record 32,000 Britons now owning property in the country [...]
The new Park Marina project
Istanbul’s western suburbs are set to receive a further boost with the announcement of plans to build a new marina worth $16 million. Dati Investment Holding, one of Turkey’s leading development consortiums which also owns the high end Galleria shopping mall, the Crown Plaza and Istanbul’s latest 5* hotel, the Sheraton Istanbul Ataköy Hotel, intends [...]
Is this is a good time to sell property in Turkey? 2
I declared a lower value on the tapu. What should I do? Purchase price correction has already been covered in earlier articles but I find it useful to repeat it here once more. What happens if you already misrepresented the price and now regret doing so? Is there a solution? Yes, there is. A decree released [...]
Is this a good time to sell property in Turkey? 1
I recently read that many foreign investors are now selling in the Turkish property market. This should mean that some investors are now realizing their real estate investments and turning a profit in Turkey. In many articles we have tried to shed some light on the aspects of investing in Turkey from the position of [...]
Property in Turkey
Historically, it was nearly impossible in most instances for a foreign national to purchase real estate in Turkey. Indeed, for the most part, Turkey maintained a nearly absolutely blanket prohibition against foreign nationals having the ability to directly purchase and own real estate in that country. In 2003, the Turkish government liberalized the laws pertaining [...]
