Tag: villas
Turkish economy grew 11%
Oceanwide Properties is proud to announce the release of just nine apartments in a prime location in the much loved resort of Fethiye on the Mediterranean coast in Turkey, “We are the sole selling agents of these homes, four of which have already just gone under offer”, says Suleyman Akbay, MD Oceanwide Properties. “Currently selling [...]
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 [...]
As 2010 draws to a close
Oludeniz Fethiye – As 2010 draws to a close, attentions are turning to the best locations to invest in property in 2011. The last year has been one of mixed fortunes with traditional second home destinations such as Spain, Italy and Greece still feeling the harsh effects of the economic downturn whilst other mostly non-Eurozone [...]
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 [...]
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 [...]
Title deed problems
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 [...]
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 [...]
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 [...]
