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Real estate in Alanya, Turkey
N E W S L E T T E R

N E W S L E T T E R

Posted on 02 Apr 2019

N E W S L E T T E R

 

Alanya, 2 April 2019

 

Dear ETU-followers,

 

Having entered a very shiny and beautiful spring we wish you all a very happy and enjoyable summer season 2019 in Alanya.

When looking back to 2018 we can gladly observe that the number of residential properties sold to overseas buyers has increased with 78,5% compared to 2017.

Please refer to https://www.etuhomesalanya.com/news-in-alanya/turkish-property-sales-to-foreigners-increased-by-785-in-2018/ for further information.

This very drastic increase shows how popular Turkey and of course Alanya are among people from many different countries.

For instance, USA has entered the top-20 list ranking 18th. Furthermore, countries like Germany, Sweden and UK have increased with 142%, 78% and 56% respectively.

It sure is good to be a part of this great industry!

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Another great news is that the Turkish tourism is back on track again and expected to break all records in terms of number of visitor and total revenue of all times in 2019.

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During 2018 a legislation regarding awarding foreigners buying properties for a value of 250.000 USD or more with Turkish Citizenship was put through and there is no doubt that this opportunity has attracted a lot of overseas buyers to Turkey.

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In addition, on the March 4th, 2019 a new rule was implemented regarding the sales of properties to and/or from foreign nationalities in Turkey which makes a valuation report on the subjected property obligatory. The rule is aiming to secure foreigners both in relation to the market value of the property and taxwise when the property is sold again. This rule will soon also apply to Turkish citizens.

Please refer to https://www.etuhomesalanya.com/news-in-alanya/valuation-reports-have-become-obligatory-for-turkish-properties-being-traded-to-or-from-foreigners/  for further details.

However, the additional costs of 1.000 – 2.000 TRY that will arise from each valuation will not affect ETU Homes clients as ETU Homes prices are “all inclusive” and include both valuation report costs and title deed transfer costs among others.

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We would also like to attract your attention to that in case you let your apartment or villa to anyone you will have to register with the local police and report the identities of the renters when checked-in to your property.

This is a precaution against criminality and terrorism just like the very same method has been applied to all hotels throughout decades.

Your own family, friends and relatives who stay at your property with you or to whom you lend your property without any rental payment involved are of course exempted from the above rule.

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In a few days ago, on Sunday the 31st of March Turkey went to local elections. The campaign period, competition between the political parties and candidates and the results have been very exciting so far. ETU Homes wishes the best for both Alanya and all of Turkey.

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We wish you all a great summer!

 

ETU Team