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The Benefits of Buying Real Estate in New Buildings from the Developer in Turkey
When purchasing property in Antalya, be prepared to enter one of the most dynamic real estate markets in Turkey. Every month, thousands of properties change hands, making it the second most popular location for home buying in the country. The property market in Antalya has exploded in the last five years, as foreign investors have turned their backs on Istanbul after recognizing the region’s future potential. For clarity, the name Antalya refers to the greater region extending from Alanya in the east to Kalkan and Kas in the west.
With so many out-of-towners and residents flocking to this area, landlords have many opportunities to profit from short- and long-term leases on rental properties. Demand for real estate https://turkishresidencepermit.com is growing and has become a rush in recent years. As a result, experts state a steady rise in prices, their forecasts provide for the continuation of this trend in the medium term.



However remember, when purchasing a property anywhere globally, there is more to consider than the house-price. Each summer the town is home to over 250,000 tourists with many having invested in their own holiday apartments in Bodrum and villas in Bodrum. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

You can browse, search or filter our publications, seminars and webinars, multimedia and collections of curated content from across our global network. Create an account and set your email alert preferences to receive the content relevant to you and your business, at your chosen frequency. Another significant advantage of the fund is that it assures the foreign source input to the Turkish economy since foreign investors are also given the opportunity to invest in the fund. Thanks to this opportunity contributing to the development of the country, the saving deficit existing in Turkey is eliminated over foreign sources. Buying a house in Turkey is straightforward if you do your research and have a decent real estate agency. It has fewer restaurants and pubs than Mahmutlar, but it’s a great site to invest in residential property.


The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents unites 115 countries of the world and allows the simplified legalization procedure in the form of apostilling. Documents certified with an apostille gain legal force in all Convention member states after certified translation. It was a complicated request and not many law firms were able to help me with this. In this difficult situation Semyon was able to help me through and I am very glad with the service I was provided. The Turkish real estate register includes such subsystems as register of property, register of objects, forest register and others.

Besides that, land registry extracts can be authenticated with an apostille. I needed my transcript of records and certificate of degree (master's) from South Korea to be legalized for use in Austria, in total it costed 529,55 €. The process was very fast (less than two weeks) and all my doubts were solved very efficiently by Mrs. Öncü. Turkey joined the Hague Convention on simplified legalization of documents on May 13, 2004.

Antalya is further east, around a headland, and has the advantage of direct, year-round flights to the UK from its airport and a slightly warmer climate, but like Alanya, does not attract as many British buyers as the Fethiye/Bodrum/Kalkan areas. Flights to Gazipasa airport in this region are increasing slowly, although mainly from Scandinavian carriers. The vast majority of lifestyle buyers head to Turkey’s southwest coast, south of Izmir, where the Aegean meets the Mediterranean, running east to Alanya. Until the 1920s much of this coast was lived in by Greeks and Turks together, and the mixture of styles can be most attractive, especially in old fishing villages like Çesme. Home hunters have been venturing a little way off the coast too, to villages like Uzumlu, among the forested hills.

Property investors looking for fresh opportunities always seek treasures, such as off-the-beaten-path areas with emerging markets or niche markets with unique incentives. People have opted to buy real estate instead of keeping savings in low-interest bank accounts. Turkey’s central bank has slashed interest rates to 9% despite inflation that independent economists say reached 170.7% in November.

We are also the appointed Kalkan Agents for the exciting new Kalkan LaVanta development as well agents for a small number of quality local constructors. Be sure to tick the box in the form below to receive our periodic newsletter with updates on legal, mortgage, insurance and tax matters, business procedures, and market trends & conditions. The citizens of Greece are not permitted to procure landed estates that are in coastal or border areas, if they are not the hereditary proprietors. Acquisition of real estate in other areas within the borders of Turkey is possible for Greeks in accordance with the standard legal restrictions.
Here's my website: https://turkishresidencepermit.com