Inheritance is a major legal concern for investors that guarantees their ability to safeguard the future of their property before making the decision to follow through with their investment. Turkish Inheritance Law regulates the inheritance particularly for immovable assets that belong to a foreign national late person. Legal heirs of the deceased should be determined with a Certificate of...
Foreigners who purchase a real estate property with a minimum value of $250.000 or equivalent foreign currency or equivalent amount of Turkish Lira's and attached an annotation of no-sale for at least three (3) years at the relevant title registry; or foreigners who purchase a real estate property which has a property ownership or a construction servitude on it, with a preliminary sale contract executed...
People buy properties in Turkey for many different reasons; these could be investing into real estate and obtaining income or simply owning a house by the beach in Fethiye to spend their summer days in. It might seem easy at first glance: you just walk into a real estate agent’s office and tell them what you are looking for and they find exactly what you need. However there are some factors you should...
HES code is a code that helps to control the safety of people in public places by sharing people's Covid-19 risk status with institutions and individuals during traveling on public transportation or the visits around the city. Shared HES codes can be checked through the app or services provided to institutions. During controlled social HES is an abbreviation of Hayat Eve Sığar –which means...
The Istanbul International Financial Center will be home to Turkey’s largest and most influential companies and will further establish Istanbul as a world financial capital bridging Europe and Asia, aiming to achieve more competitivity in the financial market and financial means in order to represent Turkey in the best way. The Istanbul International Finance Center is being developed by the Turkish...
Turkey’s tourism industry is on the list of the top ten most visited countries in the World and is working on achieving a top-three position. Turkey’s growth as a tourism destination is likely spread more demand to the rental and the coastal and historical regions. The vacation rental market has grown exponentially in recent years. This is mainly because short-term rentals have become a more...
The economic development in Turkey attracted many investors in previous years, as a result of the huge projects of the government to develop infrastructure, transportation, and urban development. Turkey’s economic and social development performance since 2000 has been impressive, leading to increased employment and incomes and making Turkey an upper-middle-income country. However, in the past few...
Istanbul’s lucrative market is attracting investors from all around the Word, and real estate investors were most interested in an apartment in Istanbul as investment opportunities, as they are dominating the Istanbul’s real estate market but meanwhile, there are a lot of villas offers in Istanbul variating on the location, living areas and personal choices. Villas are fundamentally attractive...
With its spectacular history, culture, nature, and climate, Turkey has always been a desirable destination for many ex-pats throughout the years. Nowadays that having a healthy and happy life is more important than ever Turkey showed great success dealing with all the challenges through the global pandemic. States and countries are putting in place new policies and changes to helps their economies by...
The advantages provided by the Turkish Government to attract foreign investors, such as VAT exemptions, stamp duties advantages, and granting Turkish citizenship to foreign investors, made Turkey a favorable country to invest in real estate and increased its attractivity. In accordance with the law, which entered into force on March 8, 2017, allowing foreign citizens to purchase real estate, net of VAT....