Thriving Construction Market in Turkey: A USD 51.64 Billion Growth Story In recent years, Turkey has witnessed a remarkable surge in its construction market, driven by an augmented demand for real estate properties. According to Technavio, a leading market research company, the Thriving Construction Market in Turkey is set to grow by a staggering USD 51.64 billion from 2021 to 2026. Unveiling the...
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),...
Exploring the Social Benefits for Foreigners in Alanya: A Guide to Property Ownership Alanya, Turkey, has become a captivating destination for foreigners seeking not just property, but a vibrant community and a tapestry of shared experiences. The decision to invest in property here goes beyond financial gains; it opens the door to a world of social benefits that enrich the lives of both property owners...
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...
Ideal Estates Opening is Feature Article in the Album Magazine https://www.magazinalbum.com/ideal-estate-yeni-ofisini-acti/ Translation of Article: INTRODUCTION AND OPENING OF IDEAL ESTATES Ideal Real Estate, a prominent player in the Real Estate and Construction sector in Alanya and its surrounding areas for the past 25 years under the brand Ideal Real Estate, has now rebranded as IDEAL ESTATES. The...
You may have thought of buying an off-plan property if you're interested in investing in the Turkish real estate market. Let's start by defining an off-plan property. A property that has been purchased off-plan is one that has not yet been built. So, purchasers have a variety of designs and layouts to choose from when choosing a property. You can personalize your property if you purchase off-plan real...
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 actual cost of real estate is not heavily taxed in Turkey, however, there are costs associated with the transfer phase of the transaction. The Yearly Property Tax is the sole tax related to real estate that must be paid annually in Turkey. The annual property tax varies depending on many factors. You must provide the Turkish government with an extra yearly tax if you own property there. Turkey's...
Ideal Estaest, with its extensive experience in the construction and real estate industry, caters to both domestic and foreign real estate investors in Turkey. We provide services for the sale of housing and land, as well as investment consultancy. With a growing demand from foreign investors, we offer a diverse range of high-quality luxury portfolios. These attract investors from Europe, the Middle East,...
