Turkey Property Homes Blog

Whether you are looking for a new summer home location or wish to enter the profitable world of real estate, more and more people are considering the purchase of property in Turkey. The property for sale in Turkey may range from alluring apartment buildings to luxurious villas to already-constructed summer homes ready for the taking. Investigating the situation further often reveals a wide range of opportunities that await those considering a Turkey property purchase.

Great Investing Opportunities for Foreigners

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In an article published by the Today’s Zaman Newspaper read. One of the arenas to be hardest hit by the 2001 economic crisis in Turkey, the real estate market, is bouncing back with speed, as it experiences a series of economic developments.

Last month’s bidding for General Directorate of Highways (KGM) and İstanbul Transportation Authority (İETT) plots are just one example of renewed energy in real estate. The Zorlu Group bought the KGM property for $800 million, while the Dubai-based Sama Dubai company, owned by Dubai Sheik Maktoum, bought the Levent İETT garage property for $705 million. In the wake of these significant purchases, there is curiosity on the market as to whether or not this type of sale will continue.

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Financial Dimensions (FD) plans to invest 200 million dollar in Turkey over three years, starting in Bodrum in cooperation with Günyap Construction with an investment amount of 50 million dollars.. The project called Bay Peninsula includes 57 residences to be built on 90 thousand square meter property in the first stage of the project. Seventy percent of the residences are sold already.Financial Dimensions (FD), a leading company in London active in the finance, asset management, real estate and project development sector, has completed most of the sales of the 57 residences in the prestigious project called ‘Bay Peninsula’. Tunç Güven, the corporate customer service director of Financial Dimensions, said they select buyers of the residences in this joint project with Günyap Construction on a common culture criteria. “From tailoring to clean-up, we will provide all possible services and with our Concierge concept we want to stress our distinction,” Güven said. “With this project we plan on investing 200 million dollars in Turkey over a period of three years.”

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Good morning.
Today I would like to respond to another question related to real estate sales agreements. Actually it begins to look like it may be a good idea to make a real estate file during the month of May. I am planning to write about the steps involved in buying property in Turkey. Such a real estate file may help investors as a basic guideline for their investments in Turkey.

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