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Villas
in Turkey
By Denise
Bridges
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| Turgutreis is the second
largest but still a delighful sleepy little town at the western tip of
the Bodrum peninsula. It was so named after the famous admiral, Turgut
Reis. It combines a compact town centre with several long sandy beaches
and fragrant mandarin groves. You can enjoy fantastic sunsets breathing
in the purist air around whilst being fanned by gentle breezes. During
the night Tugutreis comes alive with its many locantas, bars, and discos,
it has something for everyone of all ages. Regular buses connect Turgutreis
with Bodrum, Istanbul and Ankara and all leave from the Turgutreis bus
station. There are 14 Turkish islands around Turgutreis as well as the
Greek Islands Kos, Kalimnos, Patmos. |
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Turgutreis is where the Mediterranean
meets the Aegean and boasts a newly built marina with a projected capacity
of 500 yachts. This marina is the third biggest in Europe and many visitors
pass through here during the summer months including the gulets arriving
from all over Turkey to participate in races. This itself is a sight
to behold with all the ships arriving in full sail.
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A typical
villa in Turgutreis
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The Purchase Process
Buying a property in Turkey is a
lot easier than in many other European countries. Foreigners may purchase
land and property in Turkey in their own names provided that properties
are located in towns not in villages or rural areas and outside of military
zones. There must be municipality in the area where the property is located
and the property must be situated within the boundaries of that municipality
or borough. In order to acquire the title of a property, an application
has to be submitted to the local Land Registry Office in which the property
is situated. |
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After carrying out necessary searches
and checks for the above mentioned requirements, the transfer of the title
is done by the Land Registry Office. In Turkey, it is legally compulsary
for both sides (the seller and the buyer) to be present at the entry in
the property register. During the transaction, the proofs or the documents
concerning the transfer of the full purchase price into Turkey must be
presented to the Land Registry Office. A purchase tax of 3% is collected
from the purchaser during the transaction. An annual property tax is collected
by the municipalities (i.e. local governments) at the rate of 0.3% for
land and 0.1% for a house in the Fethiye area. In the big cities these
figures are double. All properties are subject to revaluation every year
for tax purposes. This may vary according to the area.
On newly built properties, within
3 months of construction finishing, the buyer must complete an affidavit
and submit it to the municipality for these tax purposes. EMP is happy
to guide customers through this process for the first time.The acquired
property may be resold or rented out and the proceeds may be transferred
out of Turkey. Please note: Different regulations apply when a property
is purchased for business related purposes.
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| Resort Areas like Bodrum/Turgutreis
offer more than enough opportunites for investors. For example a buy to
rent 3 bedroomed properties can fetch £40 (or around US$72) per night.
A higher rate is acheivable during the holiday season which runs from May
till the end of October. There is talk of opening Bodrum Airport
during the winter months to UK traffic which will undoubtedly raise the
volume of travellers, thus increase the rental opportunities.
The resort is easily accessed from
the Bodrum-Milas International Airport which is only 52 km away with an
alternative airport Izmir Adnan Menderes Airport that is 275 km away by
road. |
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The
pretty windmills of Bodrum
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Economic
and Political Status - Turkey is ruled by a single party AKP government
elected on 3 November 2002 which has continued to make progress with economic
and political reforms. The Turkish Parliament has concentrated on human
rights standards and bringing Turkey up to EU norms by passing a
number of Constitutional amendment packages. These are expected to be reflected
in the EU’s regular Progress Report in October.. The government is keen
on improving the foreign direct investment environment by implementing
market friendly policies. Their economic programme is strongly committed
to disinflation, sustainable debt measures, privatisation, FDI and public
sector reform.
After suffering
a financial crisis and severe recession in 2001, the Turkish economy is
well on the way to recovery. Growth was 7.8% in 2002, 5.9% in 2003 and
12.4% in the first quarter of 2004. The economy is expected to record a
strong growth this year. The main drivers spurring this growth are export-led
production and an increase in domestic demand along with tourism.
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We
at EMP, part of the Serhatli group have foreseen the attractions
of this area and we have built our luxury “Tangerine Villas” in the
Doloman district, where you can have the tapu (deeds) in your own name.
We will continue to build luxury villas in and around the Bodrum area to
meet the ever expanding market for good quality homes. We offer a
10 year guarentee on all our own properties friendly and efficient staff,
we can even locate land, draw up plans and build the villa of your dreams.
Visit
our website for more information.
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| Links to
other related sites and resources: |
| Travels
In Turkey - Travels
In Turkey - I always find it interesting how people form opinions
on matters they have no experience with. Having traveled to some of the
more off-beat places in the world (Nicaragua, Panama, Peru, Saudi Arabia,
etc.), I’m constantly subjected to ‘expert’ analysis from the world’s most
opinionated armchair travelers. Conventional wisdom on Turkey, it seemed,
was no different. I was on a mission for my company: to seek sound, safe
international investment opportunities in an overlooked country. |
| Teaching
English In Turkey - Teaching
English In Turkey - Most people don't think about teaching English
overseas in Turkey, but from what the above article describes, it looks
like it might be just the right place to start your teaching adventure.
When teaching overseas it's always important to find out what you can do
when not teaching: does the country allow you to move around at will, or
are you constrained in where you can go and what you can see. Turkey seems
like a country where you could have fun inside and outside the classroom. |
| Exploring
Turkey - Exploring
Turkey - Uncovering The Past ~ by Nicolas Remy - Traveling through
the ruins of Turkey sounds like something I would like to do one summer.
The ruins of Turkey go back to the beginnings of recorded history. If you
want to get an idea of what it would be like and what you would see as
you passed through the Turkish countryside, then read the above article. |
| Living
in Turkey - Travel & Tourism - Living
in Turkey - Travel & Tourism - Travel & Tourism for Turkey |
| Maps of
Turkey - Maps of the World Directory - Maps
of Turkey - Maps of the World Directory - A large number of differing
Turkey maps including city maps |
| Living
in Turkey - Jobs in Turkey - Living
in Turkey - Jobs in Turkey - Jobs in Turkey |
| Living
in Turkey - Government & Country Information - Living
in Turkey - Government & Country Information - Government &
Country Information for Turkey |
| Embassies
and Consulates for Turkey - Embassies
and Consulates for Turkey - Embassies and Consulates for Turkey |
| Living
in Turkey - Education Resources - Living
in Turkey - Education Resources - Education Resources for Turkey |
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