Offering citizenship to non-citizens who make investments, has been an obstacle towards which Turkey has taken a big step this week. The procedures have eased significantly for foreigners who seek Turkish citizenship in increasing numbers, and the move has particularly revived the real-estate industry. View Westward from Yalikavak Over the Aegean The increasing phenomenon of...
Turkey’s deputy prime minister Numan Kurtulmuş has vowed that a new law will soon be implemented that will grant expedited citizenship to foreign nationals investing in Turkey. Investors who make fixed investments such as real estate at a certain value and retain their investment for at least three years, plus those who provide employment opportunities, will soon become eligible. Turkish property...
Manchester-born Mr Edwards is a 13-year veteran of the Bodrum property market and has seen it weather many storms in recent years including recession and unrest. Edwards points out that in key locations prices have risen due to 90 per cent of sales stemming from domestic demand, and the increase in high end hotels, restaurants and shops. See the full article here. by Darren...
Buying a new build or ‘off plan’ villa or apartment is an attractive option. A lot of people do like the fact that they will be the very first to live in it! Mostly this is a great and positive experience but there are potential pitfalls that investors and buyers should be aware of. The Benefits of New Build Homes New build homes are appealing to home buyers for a number of reasons: You will be...
Forget Spain and Cyprus. Bodrum, with its upmarket towns, traditional villages and low cost of living, leads as a popular choice for expats to relocate and retire to. Marion Adams, 57, is originally from Banff in Scotland but has lived in Yalikavak, a smart enclave near the popular resort of Bodrum since 2004. She and her husband Laurence bought a beautiful stone house with five bedrooms, a swimming...