I have just been told that due to recent changes in Turkish Law, you cannot sell ground floor apartments to foreiners, only to Turks!!? There are moves to try and change this but no-one can say if it will be changed or when.
I have also been told that there is a crack down on collecting tax from people renting out holiday homes, especially foreign owners. This is in the Kalkan area but also in other resorts. Has anyone else heard anything or got more info?
I would also like to know more as we own a ground floor duplex in Icmeler, will it affect existing owners. We had an enquiry today from a Turkish man requesting prices and availability, that's the first Turkish enquiry we have had in a year of renting, was it the Turkish tax man? I wonder. Not that we are trying to avoid paying our taxes we are keeping books and expect to pay tax if we show any profit that is. Would this subject get more response if it was posted in ex pats and owners abroad? Looking forward to any responce. Gaser
hi gaser, yes i would like to know more about reports of no being able to sell ground floor apts to eng as im thinking of putting mine in turunc up for sale next year (i cant see many turks queing up to buy) maybe bryn or chelsea boy could help on this one....tracy
I have spoken to a Turkish friend who has a property company, and he said there is some confusion over the wording of this law. It should be clarified in May. His advise at the moment is not to consider ground floor apartments at this time until the situation has been clarified. I will keep you posted when I heard anything else.
hi tracie w... i've not heard about this..sounds crazy and restrictive. Will have a word with a couple of people in the know and pass on info.One bright point is that this year will see the arrival of the Turksh mortgage system. This will enable Turks to borrow against the house value and stimulate the market...
"As long as the unit (apartment) is registered as either residential(mesken) or commercial (isyeri) in the title deeds, any foreigner can purchase. This law is not nationwide but designed by local goverments". This is from a Kalkan estate agent.
I am not sure what the implications are for other people, but would suggest that anyone who maybe affected by this, checks with the local Land Registry.
Joan I have been unable to get on the site for a few days and this question came up on another forum two days ago, So far we have not had this in Antalya but I will check it out and see whats what, hope to have an answer soon.
I'm wondering too as there is a competition running to win a ground floor apartment in Altinkum.
I found some latest news regarding this. As it may affect people selling or buying ground floor aprts I am putting the forum details on. See
So far we have not had this in Marmaris too. But if the property out of Council map you can not buy it. but you can sell your property to Turkish persons. If the property in Council map you can buy/sell property.
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