Calis Beach and Fethiye Turkey Discussion Forum
Property For Sale in Calis Beach & Turkey => Buying Property in Calis Beach, Fethiye and Turkey => Topic started by: carlan on June 23, 2012, 15:47:00 PM
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Hi,
does anyone have an update on the situation with Tapus for foriegners, are they still suspended?
Thanks in advance.
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Sadly so - rumours are that things will return to normal in a week or two but in Turkey you never know. Such a bloody frustrating place sometimes!!!
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Hi Scunner :)
Thanks for the reply, no surprise there really! I am coming over again in October looking to buy, hopefully they will have put the 'goal posts' back by then!
Should you hear anything in the mean time would you mind posting it here? Thanks in advance.
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It's not a problem really for people who are buying/selling now - it is an inconvenience more to people who agreed to buy a couple of months ago. If you decide to buy now, there is a wait anyway for the checks etc.
The tragedy is that in pursuit of more sales (by increasing the list if nationalities who can legally buy in Turkey) they managed to shut the entire market down. Hopefully not for much longer.
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Good point Scunner, thank you, hadn't thought about factoring in the delay.
Had they not embarked on a building frenzie in the first place, with everyone jumping on the bandwagon, they might have managed to sell a steady flow of properties without having to open the floodgates to the world and his wife in a hope of diminishing the stockpile of empty, aging 'new builds'! In a lot of ways the Turks are like lemmings, if one jumps they all jump, pitty someone hadn't thought to hold back and see what happened to the first one that jumped!
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I don't particularly think it was a Turkish frenzy - British builders were also desperately looking for available land to build more too, even when things were quite obviously slowing down. Strangely at the same time, the big developers seemed to be getting a steady stream of people prepared to pay top dollar for properties - people like me get to meet them several years later when they want to sell and demand to be listed at outrageous prices - because they paid too much initially.
On the other side of the coin there are developers in the Fethiye area who built more and more as demand reduced and reduced, and now sell brand new units at less than cost price just to get money in to keep up the bank loan repayments. This is good for buyers - as long as they get their tapu before the bank does. For me it is bad - one thing not available to me is the ability to compete with people who sell apartments cheaper than the concrete and windows cost them...
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That's a sad state of affairs Scunner, there's no way you can compete. Beats me why they couldn't see it coming, why build more when theres less buyers? I know Turkey has it's quirky way of opperating but, and I don't mean any offence, are they really that thick???
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It's not just in the building trade. Many Turkish "businessmen" seem to think that because a street has 20 bars on it, it's a good idea to open another bar on that street.
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That's very true - hence the 500 chemists that sprung up around the "new" hospital when it was built - and if you have ever been Antalya way (especially on the far side) where a petrol station appears to be a fine indication of a location to build two more petrol stations, one either side...
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So, they really are that thick then?? :-\
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Not thick, but there does seem to be just a handful of leaders and shedloads of followers - just look at the majority of seafront menus to see that, hardly a dish different between some of them.
I don't actually think there's much negative in the local property market - I've said before that when living in Turkey and exhibiting at the various UK overseas property exhibitions, I didn't see anywhere that gave pound for pound what Fethiye has to offer. You can get a two bedroom apartment with shared pool for 40k, get the history, weather, friendliness (and so the list goes on). I saw cheaper but bland places being promoted, and I saw possibly more refined/finished places but at a huge premium. I still don't think anywhere comes close.
I never fell out with the property industry in Turkey - you need to be careful as you do anywhere - if anything I became disillusioned with the customers not the builders...
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Thick might have been a tad harsh but you have to think the followers must be a bit dim!I agree with you about the area. We always stay in Kaya but a short drive in any direction gives you the best of all worlds, absolutely love it, I would never go anywhere else!
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Has the suspension now been lifted?
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No :(
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Any idea when this is likely to be lifted please just i have a friend who is keen on investing in property in Calis and he is unaware that Tapu have been Suspended, the builder had not said any thing to him regarding TAPU suspension, after speaking with him he just told me that the builder has said to him that he needs to move fast as they cant build property quick enough as the demand to purchase in Calis is extremly Hi and a decision not to buy in August could mean a loss of property he is interested in by Sept Oct i am no expert and really only get my info from you Guys but my gut feel is that the information supplyed to him is a little untrue !!!
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Does the suspension apply to new and resales? What are the implications of this if we find somewhere to buy in the next couple of months?
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The main political parties are still arguing over the proposed changes.
The main problem seems to be that the ruling party included changes within the new bill that massively effects sales of land to corporates etc. The CHP are against allowing large area's of land to be sold to foreigners, which I can understand given Turkey's geographical location!
It's a shame that they can't seperate the issues, pass the laws that would make it easier for individuals to buy, then continue their argument at their leisure without crippling the entire building & property sectre of their country.
Foot - Shoot - Own, I think!
Lord knows when this will be sorted! I'm so sorry for those in the middle of transactions.
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There's nothing in the new law that affects or changes British people buying (as far as I know) in future - for us nothing changes. Because the law is being changed to allow more people to buy, the current law is suspended till the new law has been through the process and is put in place.
It shouldn't affect people looking to buy now too much - maybe a longer wait than normal for your military checks and your tapu, but you can still do your viewing and contracts if you see something you want to purchase.
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...the thing that worried me was that I thought you needed a Tapu before your could register for a year's residency. If you waited for the Tapu for months, how would that impact on the fact you only get 3 months' tourist visa and then, basically, are kicked out? There seems to be an anomaly there that the Government have not thought through (unlike our own dear government who always think things through with clarity - TONGUE IN CHEEK!)
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No you don't specifically need a tapu to get residency, it won't be an issue for you if you have to wait - it is easily sorted :)
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I was under the impression that one of the main parts of the proposed new law was to make it easier for a foreigner to buy, at least for the countries that form part of the 'reciprocal agreement'. It has been widely reported that Turkey was ending 'Military Searches' altogether, thereby making the buying process fairer, shorter & not least Safer.
A lot of the problems (when they happen) seem to start at the time purchasers are waiting for the military search to come back, ie: transferring into anothers name, re-selling to another, adding debts, motgages etc onto the already paid for property >:(
The only other way to avoid 'these problems' is to have a 'charge/lien' registered on the property. This has to have the agreement of both buyer & seller & of course involves an extra cost.
Lord! if I'd only known this 8 years ago...................... :(
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All very frustrating. We found a buyer for our apartment in April and are still waiting to complete, and even more frustrating we have friends waiting to move back to the UK and can't complete on the sale of their home, causing so much stress for them. Does anyone have any advise as to whether there is a legal way to protect both buy and seller whereby keys could be handed over and money exchanged with the tapu coming as and when. I read somewhere about an Ipoteck (legal document) or something like that, that might allow this to be possible ???
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Contractual agreements between a buyer and seller all rest on all parties trusting each other - which if they do, really makes the agreement a bit pointless (i.e. if everyone trusts each other, take an agreed interim payment and give them the keys - with agreement to sign the tapu over without delay when it is possible to again). If, at a later stage there is a problem it will be a long and frustrating court case ahead. The best suggestion (of a bad lot) would be to appoint a solicitor to take the property into their name with agreement that the purchaser can have the keys now, and the solicitor will sign the tapu over when that can be done (and the seller has received the outstanding money of course).
The drawback of that is that the solicitor becomes an owner in the mean time, so there would be another lump of purchase tax and other costs to pay - but at least it is an option to get you through this difficult time.
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Thanks Scunner...just weighing up options at the moment as hearing rumours it could go on a few months yet.
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I was told two weeks when it was first announced so any and all rumours are possible!
Personally I would suggest making an agreement (using a solicitor) that you will, for a payment of 50% of whatever is outstanding, give the keys to your purchaser for them to get on with their lives and when this is all sorted, you will sign over the tapu without unnecessary delay on receipt of the other 50%. Not very "assured" but if both parties are keen to move on it does allow that. There is very little to be gained by either party deviating from that plan, assuming you are keen to sell and they are keen to buy :)
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thanks for the suggestion. Could be an option for us.
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Sabah newspaper published the list of nationalies who can buy property in Turkey. As were told before, nothing changed for the ones who can already buy. New nationalities are added to the list. Waiting for the approval of council of ministers.