Navigating the Process of Buying a Car in Turkey as a Foreigner Are you a foreigner in Turkey looking to purchase a car? If you hold a valid resident permit, you're in luck—buying a car in Turkey is a viable option for you. However, understanding the requirements and procedures is crucial to ensure a smooth and hassle-free experience. In this article, we'll guide you through the process of Buying a Car...
New Law-Transforms the Tourism Rental Landscape in Antalya and Alanya In recent news, Antalya and Alanya are witnessing a significant change in the real estate and tourism sectors, thanks to a newly enacted law that regulates the rental of housing for tourism purposes. The impact of this law has garnered attention from industry representatives and is set to transform the way properties are rented for...
Navigating the Road: Current Laws and Regulations for Foreigners Bringing Cars into Turkey Turkey, a country known for its stunning landscapes, rich history, and vibrant culture, is an attractive destination for travelers from all over the world. If you plan to explore this beautiful country in your own vehicle, it's essential to be aware of the laws and regulations governing foreigners...
Understanding the Turkish Condominium Law: Rules and Regulations for Keeping Household Pets in Residential Complexes In the vibrant and culturally rich land of Turkey, where traditions blend seamlessly with modernity, one aspect of life that has gained prominence is the love and care for our furry companions. The relationship between humans and their pets transcends boundaries, making them an integral...
Understanding Turkey's New Compulsory Earthquake Insurance (ZAS) "Compulsory Earthquake Insurance" ZAS is a type of insurance in Turkey that covers damages to buildings caused by earthquakes. The purpose of this insurance is to provide financial protection to property owners against the effects of earthquakes. ZAS was introduced as a replacement for the "Turkish Catastrophe Insurance Pool" (DASK),...
Turkey has emerged as a popular destination for foreign property buyers, and Belgian investors have shown a keen interest. The country's strategic location, rich cultural heritage, and booming economy make it an attractive choice for those looking to invest in real estate. Apart from the alluring lifestyle and diverse landscapes, there are several tax benefits that foreign buyers from Belgium and other...
Real estate notary sales are now possible in Turkey. According to new legislation, Turkish notaries may now handle real estate transactions in addition to working with land registry offices. An important part of the Turkish economy is the real estate industry. It accounts for around three million of the 15 million transactions that Turkey's land register offices handle annually. Yet, the increased...
Benefits of Mortgage Finance for Foreigners Purchasing a Home in Turkey Mortgage Finance for Foreigners provides the simplest financing options for non-Turkish Residents who want to buy a home. Characteristics of Foreigners' Mortgage Finance At reasonable profit and allocation fee rates, a different payment schedule with a maximum duration of 120 months can be created. Up to 75% of the expert...
Rental Revenues Individuals' net rental income is liable to income tax at progressive rates. Nonetheless, a specific threshold amount is free from taxation if the property is rented out as a residence. Either the lump sum approach or the actual deduction method can be used to work out net rental revenue. The actual deduction method subtracts actual costs from the gross rental income, including...
The Progression of the Relaxation of the Rules The Turkish real estate market didn't originally allow international purchasers until 2002. However according to the "reciprocity clause," only inhabitants of nations that granted Turkish citizens reciprocal rights, such as Britain, Germany, and the Netherlands, were permitted to own property, and they were only permitted to do so in a select few zones. The...
Compare listings
Compare