Author Topic: moving to turkey  (Read 7085 times)

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Offline big a

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moving to turkey
« on: August 25, 2010, 17:10:37 PM »
hoping to move to fethiye this year after we sell house in england already have apartment any advice how to invest money in turkey many thanks



Offline tinkerman

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moving to turkey
« Reply #1 on: August 25, 2010, 17:21:26 PM »
Put it in the bank and leave it there.

Offline Scunner

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moving to turkey
« Reply #2 on: August 25, 2010, 17:41:13 PM »
Even when someone has a fantastic business deal or partnership to offer you, leave it in the bank :D

Offline Harmless

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« Reply #3 on: August 25, 2010, 17:53:21 PM »
Bank

Offline big a

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« Reply #4 on: August 25, 2010, 17:58:16 PM »
do all banks give same interest and which is safest

Offline Eric

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« Reply #5 on: August 25, 2010, 18:21:29 PM »
Don't buy land, don't buy a 2nd property, don't invest in 'cast iron platinum edged 100% guaranteed' anything!
As Tinx says put it in the bank and leave it there.  Enjoy the interest off it as its the only thing near a certainty that you will gain.

Offline BM06

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« Reply #6 on: August 25, 2010, 18:25:20 PM »
My advice for what its worth, buy cheap flat land 15 to 20 minutes drive from the coast, before parting with any money make sure you have the deeds in your name,and always use a good solicitor, trust no one and do not do anything you would not do in the UK with regards to investments, the reason i say land is they do not make it anymore, I was advised this many years ago by a very astute Turkish gent, imo the Bank rate will not last much longer, look at the rates over the last 10 years and you will see what i mean. PS good luck with your move.

Offline hillside

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« Reply #7 on: August 25, 2010, 18:36:12 PM »
No-one has mentioned the amount of money that is protected in Turkish banks if they go belly up. Is the protected amount not 50000TL - (happily open to correction if I'm wrong) in which case you may need to use many Turkish banks if you're planning to invest the sale of your UK home

Offline tel

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moving to turkey
« Reply #8 on: August 25, 2010, 19:35:05 PM »
50k TL each name person ie joint account 100k TL.Spread the rest accordingly in different banks

Offline Diverbaz 1

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« Reply #9 on: August 26, 2010, 06:55:15 AM »

And check the banks are not in the same group.




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