Valuation reports have become obligatory for Turkish properties being traded to or from foreigners
According to the Circular no. 1795 of 15 Feb 2019 from Turkey’s Environment and Urban Ministry, General Directorate of Land Registry and Cadastre, Department of Foreign Affairs, a valuation report will be required when transferring a title deed of a property to or from a foreigner.
The new rule was made applicable as of 4th of March 2019.Read more →
Turkish property sales to foreigners increased by 78,5% in 2018!
According to the Turkish Statistical Institute the number of residential properties sold to foreigners in 2018 has increased by 78,5% compared to 2017. The news has pleased the Turkish real estate industry experiencing a slow down in the domestic demand. According to Mr. Levent Kineşci, president & CEO of ETU Homes, one of the main reasons to the rise is the already attractive prices supported by a general discount campaign the industry initiated all over Turkey during the second half of 2018.Read more →
Turkish citizenship rights to foreigners who acquire 250.000 USD of residential property in Turkey!
The financial and investment criteria that foreigners have to meet to obtain Turkish citizenship have been reduced.
Some regulations related to foreigners' acquisition of Turkish citizenship have been changed . To qualify for the citizenship of the Republic of Turkey prescribed amount of fixed capital is lowered from $ 2.000.000 to $ 500.000. The minimum amount for acquisition of real estate in Turkey required for foreigners to acquire Turkish citizenship is also reduced from 1.000.000 USD to 250.000 USD.Read more →
It is not only a shipbuilding or winter accommodation but also a permanent shipyard with iron works, administrative and warehouse areas where repairs, sailing and ship equipment can be made.
Permanent shipyards serve two purposes. The first is to allow the construction of big boats in the winter period, and the second is the harbor of unused boats. In the winter period, the ships' shelters were provided for the galleys by all the Mediterranean countries, since leaving the ships in the open reduced their life. However, Alanya shipyard was offering more.
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The castle will be crowned with a cable car
*WITH* this project the foreign currency revenue of Alanya will substiantially increase. Also, this project is going to increase the development of Alanya socially, culturally and economically. In addition to that, it will also contribue to its image and vision. After the completion of the project, the tour busses will not be in operation in the Castle area of Alanya, which will lead to the preservation of the historical texture."Read more →
TUI will fly to Turkey with their new company Niki.
TUI has recently signed an agreement with Ethiad, and according to this agreement, Niki, the Australian airlines company which partly belongs to Ethiad (its stocks were bought by Etihad from Air Berlin), is going to fly people to Turkey, Spain, Greece and North Africa for their vacationRead more →
The restaurants and boutiques, hotels and bars are all started spring cleaning and look forward with anticipation to the new season in Alanya. The plant world has awakened, with scents of blossoming orange trees and different fruits and fresh vegetables. Nature is at its best in spring with different flowers and herbs in the mountains that everyone should have seen once in his life. We invite you sincerely to visit Alanya and look forward to seeing you.Read more →
Residential property tax increased in 2015
According to the information received today from the municipality of Alanya, the annual tax for owners of residential property is being increased since March up to 110%. The tax is calculated according to cadastral value of the property. It means that if last year you paid for the apartment, for example, 100 TL, in 2015 you have to pay 210 TL.Read more →