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: Scunner on September 20, 2013, 14:14:19 PM
-
Ruling Justice and Development Party (AKP) officials focused on the importance of attracting “foreigners with money” to invest in Turkish real estate, while speaking at a workshop aimed at tackling the issue of selling property to foreign nationals. The issue is a long standing polemic in Turkey with one side raising patriotic concerns, the other economic concerns.
Both Environment and Urban Planning Minister Erdoğan Bayraktar and the AKP’s deputy chair responsible for external affairs, Mevlüt Çavuşoğlu, drew attention to the economic advantages that could be gained by attracting foreigners who exceed the average income level.
Fully Story (http://www.hurriyetdailynews.com/turkish-government-welcomes-wealthy-foreign-property-buyers.aspx?NewsCatID=344&nID=54631&pageID=238)
-
Talk about the penny has dropped !
-
Very subtle. !!!!! >:( >:(
-
Some one just turned the light on!
-
I wonder though if people will want to buy when they can only get residencies of one year at a time after April next year.
-
And when they become aware of the law with inheritance...wills ...etc : :) ???
-
The laws on wills and inheritance haven't changed, if you buy a property here without first checking out the legalities, frankly, your a fool.
-
George
I paid a lot of money to find out the legalities
of making a Turkish will and wasted every lira.
Result.
A worthless document. Who to trust eh.!
-
same here :( and from what I have read on the forum a lot of people purchased property without being fully aware of the inheritance law..... fools maybe .....
-
The term "Fools" is a bit harsh.
When we moved over here, 6 and a bit years back, we talked to lots of people including legal peeps. All said the same that British will would be honoured, oh and take out a Turkish will (at a cost of course) just to make sure. It is only in recent years that the truth of the matter has been known. We all took the same advice and all made the same mistake. When you are getting the same information from several sources you tend to think it is correct. Look at recent debacles regarding visas, SGK, driving licences etc etc. Are all those people "Fools" too?
-
Miss-understanding here Eric .
We purchased back in 2006 and were lead to believe like you by our agent and other sources that we could make a will and that it would be 'honoured 'In 2011 we decided that now was the time to go ahead and make our wills...just incase ...It was then we were enlightened with the truth that a will was worthless .
Even now I speak to owners who are still unaware of the inheritance law.
Using the word 'fools' was not meant to offend.I was merely trying to point out that there were a large number of people who purchased property some years back and were ignorant of the facts
-
I get your point, but it's just like arguing that seven different guys at the Dalaman Duty Free told you that it's OK to take 3,000 cigarettes.
-
Can someone explain why after April next year we can only have 1 year residencies next door neighbour is passport police he has not heard of it. That of course means nothing we are in Turkey
-
I think the truth is somewhere amongst all these views. What needs to be remembered is that foreigners buying property in Turkey is a relatively recent thing, and in 2003/4/5 it was obviously more so. I was asked countless times about inheritance and advised what I believed to be true - that a UK will would be accepted and for "belt and braces" get one saying pretty much the same in Turkey. Also, if no will was in existence, the property would pass to the spouse and failing that the children in equal shares.
This was the advice of a number of people - lawyers, translators etc and they all agreed on this. I don't feel in any way a fool for passing that information on, it was sought from the correct people and those people all confirmed this to be the case.
It took an actual instance of the situation to find the true procedure.
-
Keith, agreed, in 2003/4/5 that was the case but can you honestly say that from 2006/7/8/9/10 20011/12/13 that the information isn't clear anymore? Not least due to the coverage here on CBF, Kalkan News, Fethiye Times etc.
-
Yes I wondered about that comment to loiner. Cant say I have read anythıng about that.
-
http://www.calis-beach.co.uk/forum/residency_turkey_visas_work_permit_questions/summary_new_law_resident_permits_we_april_2014_50768.0.html
-
After seeing the suffering of friends who lived in Fethiye and speaking to a well known member of this forum it was ONE of the factors contributing to us selling our property.. Having been advised to make a Turkish will it still took 2 years to sort out and when going through bereavement is the last thing she needed.. There is a man upstairs from us now that is going through the same nightmare and has been told that it could take another 2 years.. A Turkish will is just the start. It is also a VERY expensive procedure to go through...people are not fools to make a will. At the time it was what they were advised to do.. After seeing what they went through I am relieved we don't own the property now...
-
OK, I've read this thread carefully ... so what is the actual situation regarding inheritance? Will our children automatically inherit after we both kick the bucket, or what? We're still no wiser! Yes, we're fools, but help please.
-
I think in the search bar at the top there is loads on the topic of Turkish wills and nobody knows everything when they are buying property in Turkey.. Doesn't matter how much research you do.. The goal posts change all the time and there are always problems to contend with....good luck with your own problems... Anne
-
It was also one of the two reasons we sold up in Fethiye
-
Yep same here, we are quite happy renting now. Bank accounts have internet access so that if one of us becomes ill the other can shift the funds easily before the inevitable happens.
We would never buy property again in Turkey or any other foreign country, far too much hassle.
-
Oh great.
-
Dont worry Menthol we are stıll happy we bought our vılla.
-
The laws on wills and inheritance haven't changed, if you buy a property here without first checking out the legalities, frankly, your a fool.
We took the time to check out the legalities of inheritance and wills with a Turkish solicitor who made a very neat 800tl and assurred us that our wishes would be adhered to, for us to then find out 2 years later it was a load of old twaddle! So I object to your calling us fools!
-
My comment was not made to offend anyone and I accept the the word "Fools" might sound harsh! maybe "Foolish" would have been more appropriate. But in my defence, I was responding to a post made in September 2013 highlighting the governments view regarding foreigners buying property. I fully accept that if you bought your place many years ago then things like the inheritance laws, living permission on your TAPU, buildings built on tourist land, the tricks that builders and estate agents can pull were widely unknown. But in September 2013 that certainly isn't the case.
-
The greater issue regarding the government wanting foreigners to buy property in Turkey is that they need to address the problems, in the vast majority of cases caused by the ridiculous wait for military clearance. I bought our first home in Turkey in 2003, from a British owner. It wasn't in a military zone two years earlier when he bought it, and it wasn't in a military zone two years later again when I (as a Brit) sold it to another Brit. And a few years later it wasn't in a military zone when that Brit sold it to another Brit. As there have been no changes in where military zones are in the entire area, why do they continue to insist on an 8 week - 6 month wait to confirm this.
It's not necessary and it is seriously critical. For it is this period of 8 weeks to 6 months, that causes, I estimate, 90% of cases of non-nationals losing their dream home AND their money.
A Turk can buy a property the way we buy a car in the UK. Here's the money, here's your tapu, 10 minute job. No time for the seller to sneak off and take out a loan secured on the property, or to run up other debts that cause the bank to take possession of the property they are trying to sell to you.
It's an absolute mess and while nobody in a position to do anything about it is concerned enough to do something about it, sales of property to foreigners might be something they like the idea of, but it will never reach anything like it's true potential. To expose the very people who's investment you crave to this level of financial risk is absolutely unacceptable.
And as with most of the frustrations of Turkish bureaucracy, it would take five minutes to sort out.
-
It's an absolute mess and while nobody in a position to do anything about it is concerned enough to do something about it, sales of property to foreigners might be something they like the idea of, but it will never reach anything like it's true potential. To expose the very people who's investment you crave to this level of financial risk is absolutely unacceptable.
Maybe an enterprising estate agent could come up with a way for buyers to have some protection during period?
Oh wait a minute...
JF
-
Quite agree with Scunner, they must know by now exactly where the military zones are, if not they should be seriously worried. I rather think that this publicity is aimed at incomers from Arab countries, they've already fleeced the Europeans and the Russians.