Destination Turkey Guide

  • View
    221

  • Download
    0

Embed Size (px)

DESCRIPTION

Guide to buying property in Turkey and areas on the South West Coast.

Text of Destination Turkey Guide

  • destinationturkey

    a complete property buyers guide to south west turkey

  • 1CONTENTS

    Contents

    Foreword

    Why Turkey

    About Turkey

    Living in Turkey

    Overview of the South West Coast

    Dalyan

    Sarigerme

    Activities

    The Turkish Property Market

    The Buying Process

    Financing Your Property

    Renting Your Property

    Maintaining Your Property

    Testimonials

    Useful Websites

    Contacts

    destinationturkey www.propertyinturkey.com

    2

    4

    10

    14

    18

    22

    26

    32

    34

    40

    42

    44

    46

    48

    50

    52

    going turquoise

    relaxing lifestyle beautiful scenery

    welcome to thesouth west coast of turkey

    secure investment

  • 3FO

    RE

    WO

    RD

    destinationturkey www.propertyinturkey.com

    Yasemin, Hakan and Katie Cinar Kieron Hunt, Beverley NightingaleSimon Woodcock and Nigel Clarke

    Welcome to Destination TurkeyA practical guide to help you gain an understanding of the potential delights of owning a property

    on the beautiful Lycian coast of Turkey.

    Whether your choice of purchase is driven by the desire for a change of lifestyle or as a practical

    investment opportunity there has never been a better time to buy. With its Mediterranean climate,

    stunning scenery, friendly people and increasingly affordable accessibility, Turkey has become the

    number one aspirational overseas property hotspot with the government investing heavily in the

    infrastructure to attract both the holidaymaker and investor alike.

    Lycia Properties

    have been building on the south west turquoise coast for over ten years offering both off-plan

    developments and completed villas and apartments along with bespoke land and build projects.

    The business was started by Hakan, Katie and Jasmin Cinar and is now one of the most respected

    developers in the area offering superior quality properties with a personal touch.

    The head office is in Fethiye where there is an open invitation and a warm welcome to all visitors.

    overseasproperties4u.com

    is the marketing arm of the business based in Burnley, Lancashire where Kieron Hunt,

    Beverley Nightingale and their team provide all the necessary assistance to help you

    find the property of your choice and provide ongoing support throughout your ownership.

    As with Lycia the ethos is a close personal involvement to reassure and hand-hold through

    what can sometimes be seen as a challenging journey in pursuit of a dream.

    We hope you enjoy reading our guide.

    welcome

  • 5WH

    Y T

    UR

    KE

    Y

    destinationturkey www.propertyinturkey.com

    Why Turkey ?With its breathtaking scenery, fascinating histori-

    cal sites, famous cuisine, and renowned hospital-

    ity, its little wonder that Turkey has become a top

    choice for holiday-makers, and with Istanbul set

    to become European Capital of Culture in 2010,

    its an even more exciting time to visit!

    Location and sizeJust four hours flight from the UK, Turkey

    occupies an area of over 300,000 square miles

    almost three and a half times larger than Britain.

    With over 5,000 miles of coastline, Turkey is

    situated in the Eastern Mediterranean, straddling

    the continents of Europe (the region known as

    Thrace) and Asia (Anatolia). The country is sur-

    rounded by water on three sides: the Black Sea

    to the north, the Mediterranean to the south and

    the Aegean to the west.

    Turkey is bordered by Greece and Bulgaria to the

    west, and to the east and southeast by Georgia,

    Armenia, Azerbaijan, Iran, Iraq and Syria; and it is

    this strategic position as the most easterly coun-

    try in Europe which lends Turkey its unique blend

    of cultures and traditions.

    CitiesWith a wealth of spellbinding regions, this geo-

    graphically diverse land encompasses glorious

    beaches, snow-capped mountain ranges, rolling

    steppe and fertile plains, interspersed with

    engaging towns and villages saturated in historic

    interest.

    The modern Turkish capital, Ankara, is a planned

    city with a western feel, despite its central loca-

    tion within the country. The home of the Turkish

    government, universities, industry and commerce,

    Ankara is a city of high rise apartment blocks and

    busy thoroughfares.

    Situated on a rocky hill with a population close to

    four million, Ankara is Turkeys second-largest city

    after Istanbul, and was strategically developed by

    Turkeys founder, Mustafa Kemal Atatrk, who

    declared it the capital

    in 1923 after gaining

    victory in the War of

    Independence.

    Although many visitors

    stop in Ankara only to

    pick up visas and buses,

    it retains some interesting Roman and Hittite sites

    and makes a reasonable base from which to

    explore Anatolia.

    But it is Istanbul, the historic capital of the

    Ottoman Empire, with its sparkling seas, minaret-

    strewn skyline and labyrinthine bazaars which

    captures the visitors imagination.

    why turkey ?From the startling blue seas of the Turquoise coast,

    to the dramatic skyline of Istanbul, the magnificent moonscapes

    of Cappadocia and the ancient ruins of Ephesus, Turkey is a land

    full of surprises, a place of magic and mystery where east meets

    west in a powerful mix of tastes, colours and textures.

  • Turquoise coast is becoming an increasingly

    attractive location for buyers and offers some of

    the most competitively-priced property in the

    Mediterranean region.

    Currency Turkish Lira (TL)

    Government and PoliticsThe Republic of Turkey is a secular democracy

    governed by the rule of law. The head of state is

    the President of the Republic (currently Abdullah

    Gll), elected for a term of office of five years.

    Executive power is applied by the Prime Minister

    (currently Recep Tayyip Erdogan, former mayor of

    Istanbul and leader of the conservative AKP); leg-

    islative power is vested in the Grand National

    Assembly of Turkey; and judicial power lies with

    the independent courts and supreme judiciary.

    While there have been periods of political unrest

    and fragmentation, the government upholds

    Mustafa Kemal Atatrks nationalism.

    Since 2007 only parties that win a minimum of

    10% of the votes have a right to parliamentary

    representation: at present there are seven parties

    thus represented in parliament. The country

    is also a member of NATO and a candidate for

    EU membership.

    PopulationEstimated at approximately 72 million as of July

    2008.

    The population is majority Turk, with minority

    groups including Kurds, Laz, Arabs, Albanians,

    Assyrians, Bosnians, Circassians, Germans,

    Levantines, Poles, and Roma, as well as the

    three officially-recognised minorities: Armenians,

    Greeks and Jews.

    The official language is Turkish, with other

    languages spoken by minority groups.

    ReligionIslam is the main religion of Turkey, with 99% of

    the population being Muslim, mostly Sunni. There

    are also smaller groups of Shiites and Alevis

    (non-orthodox Muslims). Minority religions include

    Christianity and Judaism. While it has been chal-

    lenged by some groups in recent years, Turkey

    remains a secular state with no official religion.

    Many Turkish Muslims attend Friday prayers, and

    religious festivals such as Ramazan are

    observed.

    7

    WH

    Y T

    UR

    KE

    Y

    www.propertyinturkey.comdestinationturkey

    Today this sprawling city is Europes largest, with

    a population of around 12 million and a reputation

    as one of the worlds most exhilarating destina-

    tions. With its world-renowned heritage sites,

    burgeoning business centre and bustling ports,

    few would disagree.

    EconomyDespite the recent global economic downturn

    and the countrys turbulent economic past,

    Turkey has continued to grow and is slowly gain-

    ing stability and sustainable growth, due largely

    to a series of policies implemented between

    2002 and 2007, which were based on structural

    reforms, and fiscal and monetary policies.

    The implementation of such plans saw the GDP

    average 7.4% during this period, making Turkey

    one of the fastest growing economies at that

    time, and with an estimated GDP growth rate of

    5% forecast for the next few years, together with

    a drop in inflation, the future of Turkeys economy

    is looking strong. Private enterprise is blossoming

    and, no longer dependent on agriculture, Turkey

    has seen a growth in industry and services, with

    other key sectors encompassing banking,

    electronics, textiles, oil refining, petrochemical

    products, food, mining, iron and steel, machine

    industry and automotive.

    Foreign investment continues to rise, the recent

    introduction of a mortgage system has seen a

    growth in construction, and tourism is booming,

    with the Turkish government set to invest millions

    of dollars in developing the south west as a major

    tourist hot spot.

    In addition to a cost of living which is a third of

    that of the UK, and with an improved infrastruc-

    ture and low property taxes, the south-west

  • ClimateTurkey is a place of varied climatic regions, from

    the rainy Black Sea coast to the harsh temperatures

    of the interior and the seasonal extr