Property Investment in Turkey

Ever since Turkey began talks of achieving accession in to the European Union and making the transition to a market economy, property investors from all over the world have had their eyes on Turkish property market.

Indeed, the future looks bright for Turkey property. This is why there has been a lot more interest in buying property here from wise investors – even more so in recent years than in neighboring countries like Bulgaria.

One of the reasons why this is so is because property prices in most places in Turkey are still about ten years behind similar ones in Spain. Prices have begun to rise in recent years – particularly along idyllic Riviera region in the south – which has become a preferred destination for tourists seeking sun and sea from all over the world. Since it was announced that Turkey is a prime candidate for European Union membership, the country has become a source of much confidence from investment property in Turkey.

Turkey’s tourism board has been pouring a lot of money in to promoting the country’s Mediterranean resorts. This is why there has become so much interest in Turkish holiday homes and second homes from property investors around the world. Each year, those who wish to buy to let have more and more tourists renting out their properties during the prolonged summer season along the coast. And those who are buying off plan at pre construction prices have come to find out that there is strong interest in the resale market in Turkey.

For many years, Turkey has dreamed of becoming an official part of Europe. Now that it looks like that dream is going to become a reality, Turkey has done much in changing its laws and legislations to align it more with its European neighbors. This has given the country a political and economic advantage. More and more European visitors flock to Turkey each year to enjoy its myriad attractions.

Kusadasi Real Estate

With Turkey property becoming an increasingly stable place for property investment as the country makes its way towards European Union accession, property investors from all the world have had their eyes on this hidden paradise – and on Kusadasi property in particular.

Why Turkey? And why Kusadasi? Well, in this idyllic beach town with Mediterranean weather year round, prices are a lot lower than in similar locales throughout Mediterranean Europe. While prices have begun to rise in recent years as the rest of the world slowly begins to discover Kusadasi, the value of properties here has also begun to increase. This makes Kusadasi a wise place for property investment in Turkey.

Property investment in Turkey has a bright future, as the country is rapidly making political and economic changes as a means of aligning itself with its European neighbors. And Kusadasi is the place where a lot of property investors in Turkey are starting to look.

Whether you are seeking a retirement home, a second home, or a home to let, Kusadasi is a wise choice of investment. While tourism has been on the rise here since the 1970s, it is believed that more and more tourists will be coming here as the country eases its way towards accession in to the European Union. This is why so many are scrambling to buy in Kusadasi today before prices get too steep.

It is not just the sun, which shines on the city three hundred days a year, nor the powdery beaches and crystal clear water that are attracting so many tourists property investors for Kusadasi real estate. The city is also surrounded by a myriad of historic sites, including the nearby ruins of Ephesus as well as the House of the Virgin, where the Virgin Mary is said to have lived out her final days.

The New Guide of Kusadasi, Turkey.

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This excellent online guide provides you with the most popular business deals in Turkey. The real estate agencies in Kusadasi, Turkey. There are various links and properties that are listed in the site that the users can browse through and choose their own selection of property. You are provided with the option of entering your budget and our website can find out the exact property that suits your taste and needs.

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Source:Kusadasi Internet Services

Leather shops, jewelers turn into realtors

Kusadasi, one of the first Turkish towns to become a tourism center, has been in a different kind of rush in recent months. Restaurants, jewelery shops, even leather artisans are involved in real estate. The reason behind it is because the foreigners who come to the town come in large groups to purchase property. There has been a considerable increase in the number of properties sold to foreigners. Figures provided by Kusadasi local administrator Ahmet Ali Baris support this recent increase in the number of asset acquisitions.

He said: “Until now, 2,023 properties have been sold to foreigners in the area. Around 600 of them were sold in the last 18 months. There are also acquisition applications waiting to be processed. The number of properties sold will increase considerably once they are processed.”
Baris noted: “Anyone can see the rejuvenation of the town. Wherever you go, you see billboards advertising new properties for sale. We are trying to control the situation to avoid damaging Kusadasi's image. We are taking precautions to prevent fraud and other problems from occurring.”

Real estate agents are everywhere. “Estate Agent” notices feature almost all the shops. Due to Irish and British citizens being the people most drawn to Kusadasi, one can see sales advertisements in all shop windows. While I was going to the municipal building, I saw a leather shop, where half of the front window featured leather products and the property sales advertisements. Selling property and leather products in the same shop!
I entered the shop and asked about this strange mix of occupations. Okan Bicersoy, the talented individual who manages the establishment, smiled and said: “Our real occupation is tourism. We started to sell real estate due to customers' demands. Every year one occupation becomes more popular than the others. For the last two years there has been a move towards the real estate sector. It would violate the commercial principles of the region and the sector not to be involved in real estate. Until we establish our own separate real estate office, we will work from this shop. After that, we'll also get involved in construction.”
Bicersoy also admits that the high number of real estate businesses could cause certain problems, adding: “Shopkeepers will always be shopkeepers. They sold three villas in the same cooperative for three different prices: one for 50,000 euros, another for 80,000 euros and one for 120,000 euros. Of course, the owners talk to each other, and when they hear about the discrepancies they file complaints.”

Realtors' association founded:
Price discrepancy is not the only reason foreigners complain. One of the most serious problems is the fraud that takes place when the purchase transaction takes place. Foreigners who do not want to wait until all the paperwork is completed purchase properties in the name of a Turkish citizen, usually the real estate agent himself. The foreigners tend to pay the money and later transfer the title of the property to themselves. This is when most of the problems occur. According to Kusadasi Real Estate Agents Assistance and Cooperation Association (KUSEMDER) figures, there are around 150 to 200 complaints filed due to problems that occur during this process. Association President Mustafa Oguzkan, who has been involved in the real estate business for many years, is disturbed about the chaos that has ensued in recent years.
“We see real estate advertisements featured in restaurants and even promoted by street vendors.”
Oguzkan founded the association to put a stop to the chaos after the number of real estate agents increased to more than 300. KUSEMDER has printed and distributed guidelines that need to be followed by all agents. They are trying to prevent chaos and conduct inspections with the cooperation of local government officials.

‘They come in droves'
The municipal government is also one of the institutions that are trying to adapt to the incredible pace of change in the region. Kusadasi Mayor Fuat Akdogan said they had established a new bureau and a complaint department just to resolve the problems and inquiries on property acquisitions by foreigners.
“There are two large companies, one in Germany and another in Ireland, that fly people here just for property purchases. An Irish company even bought land and built villas there in accordance with their plans. They finished the construction of the villas before summer. The number of foreigners who live here is increasing rapidly. As of the year 2000, 1,130 foreigners had moved to Kusadasi. Now the figure is 4,990,” he said.
When asked about the reason behind the increase in popularity of real estate, he said it was due to the efforts undertaken by Turkey to adhere to European Union norms. He said, “They believe Turkey's EU membership will increase property values.”
Leather shop manager and realtor Bicersoy admitted that the mayor's opinion was correct but added: “There is also the matter of money laundering. Those who have some money stashed aside want to capitalize on the fact that Turkey is not yet an EU member.”
Despite the differing opinions, the one thing all Kusadasi natives agree on is the need to channel this new interest in a direction that can benefit the municipality.
Administrator Baris said he wanted to resolve the “summer house” problem by utilizing the opportunity presented by purchases made by foreigners. He said the summerhouses owned by Turks were normally used only for a few weeks in the summer and that the buildings aged quite quickly due to a lack of upkeep. Baris, who, just like all the others in Kusadasi had great expectations for the future, said, “Those houses can be utilized in a way to benefit the region.”

So; Please deal with Real Real Estate Agents




Source:TurkishDailynews

New Development, Suncity Villas 3

Are you looking for a beautiful vacation home, a home away from home or a clandestine beach getaway pad ? Suncity 3 , a truely unique new development by Kusadasi Realest Properties, is located at the gorgeous coastal town of Kusadasi, Turkey. The town of Kusadasi is located on the Aegean Sea, 80km from Izmir, and is known to be one of the most attractive and beautiful holiday locations in the region. Kusadasi boasts premier beach resorts and lures many British and Irish tourists looking to experience some much-needed sun. Many Brits, Irish and Germans are buying up property in Kusadasi and the area has seen a boom in real estate development in recent years. Kusadasi is a terrifically sunny region with a Mediterranean climate, perfect for vacationing in the middle of winter!

Many people who come to the region are so enchanted with Kusadasi’s convivial attitude towards tourists and bountiful sandy beaches that they find themselves wanting to invest in the region and buy a convenient vacation home or property. Suncity III is the perfect new development for foreigners who want to make a home for themselves in Kusadasi. Located just 3km away from the town of Kusadasi, the unique imaginative 15 villas in Suncity 3 are now on the market with Kusadasi Realest Properties.

The Suncity 3 villas are a safe and secure development, with a 24-hour security guard and intercom system at the entrance to the complex and between villas. Suncity 3 residents can enjoy luxurious amenities such as the communal swimming pool occupying 1,300 square meters, two pool bar islands occupying 1,700 square meters, sunbathing terraces, Jacuzzis, personal satellite TVs, private gardens, beautiful partial or full sea views from the balconies in each villa, private garages and romantic fire places for chilly winter nights. Suncity 3 also provides round-the-clock shuttle transportation to the town of Kusadasi for shopping, beaching or sightseeing. Suncity III is conveniently located 45 minutes from the International airport and close to many historical Turkish destinations.

Zoom-in to siteplan.

Each unit in the Suncity 3 villa property development has 2 floors containing 4 large bedrooms, 3 bathrooms, 2 balconies and a large combination kitchen and living room area. All of the properties have sea views or partial sea views and private and communal gardens.

Each villa has been constructed with reinforced concrete, providing 30 MPA strength in C25 concrete class. All property units in Suncity 3 have been designed and engineered to protect against heat loss and insulate against moisture. The exterior of each villa has been manufactured with a sturdy steel structure. All of the windows are double-glassed to protect against noise and heat loss. The Valencia style roof tiles add a Moorish touch to each property, as do the ceramic tiled patio areas.

Kusadasi Realest Properties and Developers of Suncity 3 villas are very concerned for your safety and health. There is only one entrance to the complex, guarded 24 hours a day, 7 days a week for your protection. The complex also has 24-hour medical services available, should you have any health or emergency concerns.

Please view the property details and photos here.
To Look into the site plan more closely please click here for zoom-in.

To receive more information on this property, Please contact Kusadasi Realest Properties,
and by email, info[at]kusadasirealest.com ,
By Phone, +90 256 6144955.