| Buying in Turkey | FAQ's | Useful Links |
Having
lived in Bermuda for four years, I was spoilt. I thought I could
never find another such beautiful place on earth and then I
discovered Turkey…
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Turkey has for centuries lain undiscovered as a real jewel in the crown of the most desirable Mediterranean countries. It’s rich cultural history and architectural grandeur sets it apart from other established holiday destinations and makes it appealing in so many ways. Apart from offering everything you would expect - glorious sunshine, sandy beaches, crystal blue seas, tranquil beauty spots, good food and local entertainment, I offer just a few reasons why Turkey has now firmly placed itself on the map as a property hotspot and is gaining huge popularity with holidaymakers and house buyers alike. |
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Turkey
is an incredibly laid back and relaxing country and much of its
charm lies in its complex history, its natural resources and
its people.
....If you haven’t time to travel the world in search of your own piece of heaven, just take the time to travel to Turkey. Like so many other discerning holidaymakers (and canny investors), you will discover it’s time to stop looking and time to start enjoying your dream... Dee Edgar 2006 |
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Economically,
the country has been unstable in the recent past, with raging
inflation and a series of currency devaluations. Also, Turkey is
one of the
IMF’s largest debtors. The country has, however, recovered well,
with the current government managing to reduce inflation and
set in motion a string of reforms required by the IMP under its
stabilisation
package. |
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Turkey’s population is 99% Muslim but most Turks are far more moderate in their beliefs than their neighbours in the Middle East. The west of the country and the main cities, such as the capital Ankara, plus Istanbul, Izmir and Antalya, are the most developed areas, where industry and commercial activity are concentrated. This is also where the tourist industry and foreign property market are currently concentrated. The east of the country is a poor and predominantly agricultural region. People there also tend to be more conservative in their attitudes and beliefs. However, wherever you are in the country, Turkish people are characteristically friendly and helpful to visitors from abroad. |
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Most
people arrive in Turkey on a three-month tourist visa, which is
available at the point of entry for £10. You’ll need at least six months’ validity on your passport and £10
sterling in cash. Tourist visas can be renewed by leaving the country,
a task that simply involves a short
ferry hop to one of the Greek islands for foreign nationals living
along the coast. |
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Turkey’s Education System is based on the French and has both government-run and private schools. Children of foreign residents are entitled to go to state schools that tend to have larger class sizes and fewer facilities than their equivalent in Britain. Private schools, found in most cities and large towns, are better resourced, though standards of tuition may not be as high as the best state schools — known
as Anadolu Lisesi. |
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The
local currency in Turkey is the Turkish lira, abbreviated in signs
to YTL. There is a large choice of high—street banks in Turkey, offering standard banking services to foreign nationals living in the country. You’ll need a residency permit to open an account but you can cash traveller’s cheques and withdraw cash from ATMs using British credit cards, as well as sonic debit cards. Making international transfers to and from Turkish bank accounts takes at least 10 working days, and often considerably longer The mortgage system in Turkey is still at a very early stage of development and loans are not available to foreigners. |
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Other
costs include household insurance, which can be arranged through Turkish
banks or insurance companies. Electricity is supplied by the state-run
Turk Elektrik Koruma, with bills paid monthly by direct debit or at
a local bank branch. In large cities, such as Istanbul, Ankara and
Izmir, mains gas is available, while elsewhere people use gas canisters
for cooking and heating water. These canisters are delivered free in
most towns or are available from shops or petrol stations in rural
areas. There are mains water supplies in most cities, towns and villages,
or if not, then water tankers will deliver to houses that aren’t on the mains supply Although mains water is chlorinated, most people tend to drink bottled water.
Apartment blocks generally have communal heating systems, with each unit contributing towards the fuel costs, as well as the upkeep of the building and gardens. These charges are agreed annually and are normally paid on a monthly basis.
Turkey has a modern telephone network with digital exchanges in most areas. Requests for new lines are normally processed quickly. The country also has a well-developed mobile telephone network with several rival operators. The largest and most reliable is Turkcell — although
coverage may still be patchy in some rural areas. Cable television is readily
available in most areas from the Telephone Department district office, and
the English-language channels include BBC World, Prime, MSNBC, CNN and Eurosport.
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