November 30, 2006
Moving to Turkey
Planning to move in Turkey? Here are a few tips that will help you make this Eurasian country your new home.
1. To live in Turkey, you must get a visa residence. To obtain one, submit all necessary documents to the Turkish Consulate General at least eight weeks before you depart from your home country. Depending on Visa circumstances, you may be issued a one year resident visa in a week. After obtaining a Visa, register with the local police force within a month of arriving in Turkey so that you can get hold of a residence permit. To extend your residence permit, reapply at the same police station before your current permit expires.
2. Household items and furniture can be brought into Turkey through a system called ‘Temporary Import.’ However, your residence permit must be valid for more than one year. You will be required to pay a deposit which you can get back when you return to your home country. As another option, you can submit a bank guarantee letter from a Turkish or international bank which will ensure that all relevant taxes and duties are paid if the goods remain in Turkey for at least 5 years.
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Posted on: Turkey
Settling in Turkey
Thinking of settling in Turkey? Especially during retirement age? Here are some guidelines to help one settle in easily.
First is securing a residence visa and submitting all pertinent documents to the Turkish Consulate. Submission of all requirements should be accomplished eight weeks before departure time. However, it would be better to check the exact deadline of the requirements in one’s locality.
After arriving in Turkey, head to the nearest local police to secure a residence permit. This should be done a month within arrival. Extending the residence permit is allowable for as long as this is done way before the expiration date with the same local police office.
Posted on: Turkey
November 29, 2006
A guide to buying property in Turkey
Property in Turkey has recently become popular for foreign property investors, particularly in the coastal regions. Turkey has a warm climate with miles of sandy beaches and plenty of history. Popular places for investors include Alanya, Gocek, Antalya, and Belek.
Turkey is already a NATO member and is likely to become a member of the EU in the near future. This means that property prices in Turkey are likely to increase as well. If Turkey becomes a member of the EU in 2015, property prices are likely to increase, making it one of the perfect places for property investment.
The holiday season in Turkey is from April to November. Although the rental market at its infant stages, the potential is massive. Low property prices will probably produce high returns in the long run. However, location is the most important factor - one may have to pay more money for the prime locations. However a well-chosen property will yield a high return on investment. It is also important not to fall for the promise that buying from a developer will be cheaper than buying through an agent as this is often not the case.
Posted on: Turkey
A guide to buying property in Italy
Buying property in Italy is normally a straightforward process. However, there can be a lot of Italian red tape and bureaucracy - and it does tend to move slowly.
As with many countries, one must first obtain a tax identification number (condice fiscale) from the authorities. Next step would be making an offer on the property one is interested in securing. This commits the buyer in purchasing the property at the given price.
Posted on: Italy
A guide to buying property in Bulgaria
Bulgaria’s property prices have risen significantly due to its more desirable and established tourist hotspots along its sea borders, coastlines and ski resorts. Cheap properties are still available in the market but it is strongly advised that investors should not be in a rush buying properties because there are no guarantees in price increases. According to real estate analysts, cheap properties are found to be cheap for a reason: the infrastructure and services might not be very good and there is not guarantee for future improvement.
Posted on: Bulgaria
Turkey for sale
Alanya, Gocek, Antalya, and Belek. Famous destinations in Turkey.
Aside from the warm climate and sandy beaches offered, Turkey’s application for European Union (EU) membership has forced the country into development.
Its property rental market – even in its nascent stages – is seen to increase in investment and enjoy low prices, especially if Turkey’s EU membership is granted. The likelihood of getting high returns in investment is there but key to this would be how developed the location of the property is. At the same time, it is not a guarantee that the purchase of property from developers will produce the desired result on ROI.
For parties interested to purchase and invest in Turkish property/ies, there are a few items they should bring with them. One basic requirement is to view the property. Property viewing will help the buyer make a good assessment if the property is worth the investment. The assessment includes the location the property stands on; if the amenities or utilities are available and working; and if the unit or property complies with building standards.
Posted on: Turkey
The hows of securing Italian property
In securing Italian property, it is important to obtain a tax identification number or what is called a condice fiscale. This is applicable in other European countries as well.
As soon as this is accomplished, securing the property one is interested in buying will not be a problem. When the selling and the buying parties agree to a price, an initial deposit of 10% is required. This is then followed by drawing up a legally binding contract between the two parties, which details the responsibilities or the requirements each party ought to deliver.
However, in cases wherein the seller does not fulfill his or her obligation, the amount due is twice the amount of the initial deposit. If it would be the buyer who does not live up to the end of the bargain, the deposit made is not refundable.
Posted on: Italy
Streetsmart purchases in securing Bulgarian property
East European countries, such as Bulgaria in this case, are enjoying how their properties are progressing. Tourism is key to it all. Developing spots on the coastlines and snow-capped hills or mountains is a factor in drawing local and international crowds. However, it does not necessarily translate that because people in great numbers flock to tourist hotspots, real estate can be cheaply purchased. Property and real estate have a great tendency to fluctuate; therefore what may be cheap then might be expensive and vice-versa.
Real estate analysts and experts caution buying parties in purchasing cheap properties. Factors surrounding the sale of not expensive properties may be attributed to poor infrastructure and no potential for future development. This might not rake in the returns on investment potential buyers foresee.
Posted on: Bulgaria
November 14, 2006
Competition fails to taint Brits’ Spanish dream
Although Britons are venturing away from traditional expat haunts in the Mediterranean costas and the French countryside, they still have a hard resolve to invest in Spain, claims a leading property expert.
A study by Conti Financial Services said that an increasing number of Britons are selling their Spanish homes and returning to the UK, prompting fears that the British obsession with the dream holiday home in Spain is beginning to dwindle.
However, these fears appear unfounded as the Spanish property market is currently in the state of transition - buyers are changing habits rather than following a mass exodus from one of Europe’s most dynamic property markets.
Posted on: Spain
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