With its beautiful scenery, warm climate and historical context, Turkey has long been a popular tourist destination. So popular, in fact, that many visitors have asked to buy a property. Until recently, however, if you were a resident, so you can buy a property in Turkey, if you paid in cash. But with the recent changes in legislation by rising inflation, you can now choose between a mortgage turkish and dreams of living in the sun"Reality.
Since this is a new introduction to this part of the world, however, some changes to the mortgage system, which happens often, so it's a good idea to contact your financial adviser or mortgage broker before checking in this adventure.
For example, if the mortgage may, for the first time in force, only a fixed rate mortgage has advantages and disadvantages of this type of loan with them. In February this yearBut a new law passed, was a mortgage turkish can be changeable or variable, too.
The responsibility for the problems after the delivery of the goods has changed. Before the new law, if there are gaps or problems with the house there is a limit to the amount of time that a new owner of the bank or mortgage provider may be entitled to all problems. But it must be a single year is limited.
Taxation has also beenMortgage changed in Turkey. Prior to encourage potential buyers, the turkish government has allowed people to claim ownership of a mortgage or tax breaks. But now, higher interest rates, which has been withdrawn. Although lower interest rates for an extended period of available credit, which has deterred some buyers, particularly in lower wages or income.
However, when some of these changes and are willing to work with them,Then Turkey offers a fantastic opportunity for those who want to buy a house for himself and for those who use it as an investment. The development cost of living is relatively cheap, turkish mortgage may allow more space in a large part of the world, including the United States or the United Kingdom.
If you are looking for real estate as an investment as a house or a villa, in particular the high rate of tourism in Turkey and one of the areas that couldI want to see is Didim, especially the peoples and Akbuk Altinkum. Located on the east coast, Didim is a wonderful blend of old and new in Turkey and is very popular with tourists today.
Altinkum offers a modern Turkey, but this does not mean you have not received their share of history, but with great beaches and pier is ideal for sunbathing, and many restaurants and night life is a place to live.
Akbukoffers a holiday of parts, and is very popular for its bass fishing. With a beautiful old chapel which is open to the public, Akbuk attracts tourists who just needs to relax, and offers tea and villas as a buying opportunity.
The price of the property itself is very interesting - in Akbuk, for example, an apartment with two bedrooms costs only £ 38 000 and includes a magnificent view over the surrounding hills. Even with four bedroomsApartments in Altinkum is only £ 130,000, including a large number of private swimming pools.
With those prices, and new legislation, it is easier to buy, you can understand why Turkish mortgages are always more than just a possible idea. Add in time, friendly people and the history of this country, it really is a great opportunity.
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