Why Choose Turkey?
By Dylan Brent
If you are thinking of buying a dream home, or holiday house in Turkey, there are a number of influencing factors that has probably led you to choosing turkey. The biggest influence is that Turkey is known as one of the most popular tourist destinations in Europe. Because of the great tourist economy and trade, investors can see that Turkey is a wonderful opportunity to own and invest in some of the most fantastic villas found in the world. If you are thinking of investing in a Turkish Villa, consider using the expert and professional services of an agent to assist you in finding the property of your dreams.
Finding an agent to assist you with your Turkish Villa procurement should not be hard; there are agents who specialize specifically in Turkish Villas and Turkish Golf Villas. A great source for finding a suitable agent is the internet, here you can peruse suitable agents web sites and view testimonials of past clients. It is important to choose an experienced and professional agent that specializes in Turkey, your chosen destination. These expert agents can help you in the process of buying your dream home from start to finish.
It is true that property value in Turkey is said to be increasing in value by over 30% year after year for the last five years. Agents specializing in Turkish property can help you buy now and you can watch your properties value increase over time, also assisting you in renting out your property when you are not using it, creating another lucrative income for you.
Most professional specialist Turkey property agents can help make the process of buying and finding, easy and enjoyable. They usually can provide assistance with hotel bookings for inspection trips, airport transfers support and advice on viewing trips, performing negotiations on your behalf, investigating building structure compliance and more.
There are many difficulties that present themselves when buying property overseas, in a strange country; it is recommended that you use the services of a professional Turkish property and villa agent. The agent will ensure your choosing and buying process is made simple and as enjoyable as possible by offering assistance every step of the way. The agent is also useful for buyers to ensure that the property will be a good investment and supply a monetary return.
Good Turkish Villa and Property experts can also assist any buyer with maintenance of the property, to ensure that when away or enjoying a holiday, the owner will not be faced with unnecessary problematic factors of property ownership.
Dylan Brent wrote this article for the online marketers at Turkish Golf Villas (Wish List).
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Paying Tax On Your Turkish Rental Income
By Dominic Whiting
Recent press reports, including a column in the Turkish daily Hurriyet, have warned of a crackdown on tax dodging landlords. Although the practice is widespread in Turkey, there has been a particular outcry about foreign owners renting properties informally from their home country, usually via word-or-mouth, websites or the classifieds, and not paying tax on the income. There have been increasing demands for action from hoteliers in the coastal resorts, who see villa rentals as a growing source of competition.
A recent declaration by the Turkish Ministry of Finance also suggests that the tax authorities will be clamping down and may be targeting foreign-owned properties in the future. Every property owner must be registered with the tax authorities, at which time they become a tax payer even if they are not residing in Turkey, explains solicitor Ayse Ozcan of Acacia International. Income tax on the rental from their property is one of the taxes and should not be ignored.
However according to Janet Crawley of online rental agency Villa Renters Turkey, "Most owners simply aren't aware of the rules, otherwise they would do things legitimately. There are also practical problems, like finding an English-speaking solicitor."
Rental income must be declared annually, along with any other personal income earned in Turkey, with hefty fines, and interest liable on back taxes, for landlords caught not doing so. Income tax rates are currently 15-35%, but there is a personal allowance of 2,200 YTL and you can claim up to 25% of the gross rental income back in expenses for maintenance and repairs. A Turkish accountant can prepare your accounts for you, with payment due every year in March.
Find out more about buying property in Turkey. Dominic Whiting is a journalist and publisher of the Buying in Property Guides, http://www.buyinginguides.info
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http://EzineArticles.com/?Paying-Tax-On-Your-Turkish-Rental-Income&id=349345
Why Invest In Turkey
By Onur Sevim
Turkey has a large and fast expanding tourist industry that looks set to continue to grow creating even more demand for quality accommodation - ideal for off-plan property investors.
Turkey has stunning beaches and a climate that far surpasses many of Europes most popular holiday destinations.
Property prices in Turkey are very competitive and all indications show that Turkish property will appreciate rapidly with the introduction of more flights, mortgages as well as a more mature EU application.
Property in Turkey also has an extra appeal to investors: with a huge Turkish population of around 70 million, there is massive demand for property from within Turkey so the market is not totally reliant on foreign investment. If the Turkish EU application is successful then internal demand for quality accommodation in the best locations will be even greater.
Natural, Cultural and Economic Factors
Stunning beaches and climate make it a very popular and well tested holiday destination.
Turkish summers are a lot longer than many other EU destinations offering more hours of sunshine per annum.
Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for resales.
Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.
Life in Turkey is easy and inexpensive. Low cost of living and long summers make it a favorite retirement spot for the Europeans.
The Turkish economy is very strong with 5.5% GDP growth in 2005
Over 25 million tourists visit Turkey each year boosting the property market and creating strong buy-to-let possibilities
Turkey is considered to be a highly dynamic country by the World Trade organisation
www.secondnewhome.com
A Turkish Developer which construct and markets only their own properties. 0% commission - ultra luxury villas direct from developer.
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Start Your Real Estate Portfolio With Turkey
By Michael Paulse
With a steady increase in annual tourism , Turkey is experiencing an unprecedented level of international exposure and this is, in turn is creating more tourist interest and increasing demand for Turkish property. The value of Turkish property is expected to appreciate in beach front areas by as much as 50% initially, with forecasts for the next two to three years reaching 100%. When the Turkish law changes to allow mortgage facilities to become more widely available, property prices are expected to continue to rise accordingly.
Why Invest In Turkey Property?
· The Turkish economy is very strong with 5.5% GDP growth in 2005
· Stunning beaches and climate make it a very popular holiday destination
· Turkish summers are a lot longer than many other EU destinations offering more hours of sunshine per annum
· Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for resale.
· Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market
· Over 25 million tourists visit Turkey each year boosting the property market and creating strong buy-to-let possibilities
· Low cost of living and long summers make it a favourite retirement spot for the Europeans
· Turkey is considered to be a highly dynamic country by the World Trade organisation
Turkey Investment Keyfacts
1. Investment Area:
2. Altinkum, Akbuk
3. Opportunity:
4. Emerging market offering outstanding value for money. Solid capital growth and rental returns are expected to continue. Best bargains can be found just outside of the most popular areas.
5. Rental Potential:
6. Yield - 6-10%
7. Finance:
8. Mortgages not currently available to foreign buyers. Indications are that this is set to change soon.
9. Political:
10. Parliamentary Democracy - Stable
http://www.eqtrealestate.com is an Australian based company specialising in International real estate. We do all the work for you, search and locate experienced reputable contacts in the hottest property markets.
Article Source: http://EzineArticles.com/?expert=Michael_Paulse
http://EzineArticles.com/?Start-Your-Real-Estate-Portfolio-With-Turkey&id=451182
Overseas Investors Tipped To Head For Turkey
By Bince Mandapam
Investors who are looking to buy a property at an affordable price have been pointed towards Turkey. Experts consider Turkey as an emerging market and house prices are rising at a considerable rate, therefore creating strong capital growth potential.
The property market in UK is beginning to hold up; the outlook for the British market is getting gloomier by the day as property prices are dropping due to global sense of credit crunch. Property purchasers are increasingly looking overseas to collect returns from their investment.
Despite the fact that the House prices increased by 20 per cent in Turkey last year its property values are relatively cheap when compared with the UK. The increase in property prices due to huge demand for Turkish property and subsequent growth looks likely to continue over the next decade. Many analysts state that this could be the best time to buy properties in turkey due to a lack of risk associated with Turkish market, continuing affordability and the realistic potential for substantial capital appreciation.
Turkey can be compared to a Spanish property market few years ago and Turkey is a safer bet for overseas property investors. He also said that there is in any case another ten years of good returns can be obtained from the Turkish market.
Turkey offers the holidaymakers requirements of great scenery, climate, over 300 days of sunshine per annum, fine sand beaches, and fabulous countryside including its good-quality infrastructure and amenities. These factors combined with its relatively low cost of living and easy accessibility are said to make it ideal for overseas property purchasers.
Turkish Property Market
Dubai Real Estate
Article Source: http://EzineArticles.com/?expert=Bince_Mandapam
http://EzineArticles.com/?Overseas-Investors-Tipped-To-Head-For-Turkey&id=1167857
Boat Building in Turkey
By Bahar Ozturk
Turkey is sparkling country in boat building because of;
LOCATION ADVANTAGE,
EXPERIENCED WORKMENSHIP,
QUALITY,
LOW COSTS,
Ship building is a 600 years old tradition in Turkey. The first shipyard was established in 1390. By the 16th century Turkish shipyards were already largest in the world.
Traditional shipbuilding skills combined with modern techniques and education has enabled the Turkish shipbuilding industry to devolop into an internationally known trademark since the early 1990s
Turkish shipbuilding industry has modern, technologically developed and quality certified shipyards together with well experienced work force. In Turkeys shipyards brand new ships, Yachts, mega Yachts, and sailing boats are being manufactured. In addition to these, repair and maintenance services are provided for vessels.
In 2006, 100 ships with a total of 556,285 DWT were delivered. 66 ships and yachts have been already conracted for 2007. The types and tonnage capacities of these Turkish and foreign flag ships varied: petrol tankers, chemical tankers, fishing boats, container ships, bulk carriers, Yachts, tug boats, tankers, sailing boats, general cargo ships, oil tankers, intervention crafts, coast guards, speed boats, multi and special purpose ships, military vessels, servicing tankers, bunker barges, tugboats, mega Yachts and other types of sailing and motor boats. Ships produced in Turkey are manufactured in accordance with international standarts (ISO 9000 AND AQAP Quality Certificates) and under the supervision of certain societies.
Mega Yachts are one of the essential production area of Turkish shipbuilding industry. Turkey is in the fourth order in world mega yacht production in last three years.( longer than 30 m Yachts) Miss Tor Yacht is one of the well known Turkish luxury motor yacht brand. The brand has 217 feet,154 feet,134 feet,110 feet models.
www.misstoryacht.com
Article Source: http://EzineArticles.com/?expert=Bahar_Ozturk
http://EzineArticles.com/?Boat-Building-in-Turkey&id=591929
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