Welcome to Turquoise Homes
This is a new add-on to our website - www.tropicalbeachhomes.com - a newsletter about the property market here in Altinkum, Turkey.
It is designed as a resource for anyone with an interest in Altinkum, especially homeowners and people who are considering owning a home here.
The newsletter will include property news, advice, opinions and a bit of info about day-to-day life here, and readers are invited to add their comments, questions and anything they think might be of interest - constructive only though, please! The editor is watching....
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Turkey Property Law Reinstated! Applications from new foreign buyers now being accepted
Towards the end of 2004, investigations took place into the law governing the purchase of property in Turkey by foreign individuals. There was concern that a loophole in the law permitted foreign entities in the guise of individuals to purchase large plots of land (30,000 hectares, about the size of a medium-sized village) in sensitive areas of the country.
Earlier this year (2005) the Turkish Constitutional Court made a ruling that the law was unconstitutional, and subsequently suspended the law, pending redraft. The initial redraft was rejected, and as a result, new or pending applications for title deeds by foreigners could not be processed until the law was redrafted and ratified.
The new law has now been ratified by the Turkish Government, and yesterday, 14th November 2005, the Land Registry was able to recommence processing deed applications for property by foreigners. This means that all applications by foreigners wishing to purchase holiday homes will be processed as before by the Turkish Land Registry. The only significant change known at the moment is a reduction in the amount of land foreigners can purchase, down now to 10,000 hectares.
As yet, the British Embassy in Ankara has not yet updated the information on its website, but readers should expect to see new information published soon.
New Cheap Short-Trip Flights to Izmir
British owners of homes in Altinkum have found their choices on when to visit and for how long restricted by the flights available. During the summer we largely have to rely on the charter airlines and their 7, 14 and 21 day holiday flights, and during the winter on expensive BA and Lufthansa flights via Germany or Istanbul.But now two new German players have entered the game - GermanWings and Sun Express. Both fly from the UK and Ireland via Germany but undercut BA / Lufthansa prices considerably, and fly on several days of the week, allowing the canny flyer to potentially spend a long weekend in Altinkum for under £150!At the moment, GermanWings flies from Dublin, Edinburgh, Birmingham and London Stansted to Cologne/Bonn and Stuttgart, and from Cologne/Bonn and Stuttgart to Izmir during the summer months.Sun Express offers a winter service to Izmir from Cologne/Bonn, Berlin Schoenfeld, Stuttgart, Frankfurt-Main, Hanover, Zurich and Munich, enabling passengers to connect from all over the UK and Ireland on Easyjet and Ryanair.Congratulations to both these operators for recognising the demand for greater flexibility and cheaper prices and for making the effort to meet this demand. And many thanks to Barry D and Graham B for their great recommendations.
