The new Netflix release, ‘Empires Rising: Ottoman’ is achieving notable new ‘firsts’ for the Istanbul and the Turkish film industry. During the first full week of streaming, the six episode drama-documentary ranked 4th among top trending TV shows in the United States overall, briefly 2nd among Netflix shows, and 6th in binge viewing.
The impact of positive media projection upon property values in a specific location needs no explanation: the examples are evidenced far and wide. The more important question is whether that success is repeatable. If so, then Istanbul as a property investment location could well be on its way to assuming the status of a top global investment location, on par with the likes of Miami, London, Hong Kong, etc.
The production is notable for its apparent success in unifying different international audiences for Turkish productions, having grown over the last five years through the Middle East, and then Spain, Latin & South America. Achieving Netflix international objectives, Ottoman Rising is capturing viewing audiences in Northern Europe and North America, extending around the world to include India and Asia.
So the question remains, what potential is there for a repeat success? This article examines the issues more closely: funding, location, production, and of course the amazing Turkish actors and actresses involved... read more here!
A Safer, Smarter, and Better Way...
How to Find & Buy Property
30% Below Agent's Selling Prices...
Turkey is a wonderful place to live. The lifestyle attractions are plain to see. Investing in property is a sensible decision. Most foreigners living in Turkey agree. A sensible choice, but only IF you invest wisely and carefully. So the question is, How to buy a bargain before prices begin trending upward. These four steps are the key to buying a bargain... (read more)....
The Property Buyer's Tool Kit
for Residential Real Estate Investmentin Istanbul and Coastal Regions of Turkey
A Safer, Smarter, Better Way to Invest
Safe, Secure, Institutional Services; Qualified Professionals - Not Agents
The One Best Strategy as Price Trend Changes from Down to Up...
As a market turns from down to up, this is the single best strategy...
The strategy that makes the gains first, before the rest of the market follows..
The strategy choice of professional investors...
Eight pages of investment research... Asset Profiles, Valuations, the Lira ...
Insights & analysis from 25+ years of residential property investing in Istanbul...
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Investor Services: Advisory, Guided, & Managed... Everything we do at mytapu.com is designed to give clients the best chance for investment success. We've built our business around the conviction that you rely on us to look out for your best interests—helping to make sure you get a fair deal from us. Our approach is to take a stand for all investors, treat them fairly, and give them the best chance of investment success…. Where to begin ? Please tell us more about your requirements on the form here, with no obligations, and the Team at mytapu.com will be happy to help ....
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Investors, the FIRST Step of the investment process is to complete the Advance Preparations: registrations for Tax ID, Foreign ID, Bank Accounts, Authorisations, etc. This will put you in position to close the deal on a property purchase with negotiated price discounts by making a full completion payment quickly and safely, thus securing ownership cost-effectively, and with least risk. Ask the Team at mytapu to assist you with the Advance Preparations: these can be done while visiting Turkey, or can be done remotely, where you are at, now. Email to Buy@mytapu.com.
The alternative ? The alternative is to be ‘drawn in’ to an advance payment, ‘reservation deposit, part payment, etc. This alternative will:a) Increase your costs and risks;
Without Advance Preparations, a buyer will be pressured into paying a ‘reservation deposit’ or other part payment: DO NOT. Why? Read more here about why NOT to pay a reservation deposit, or part payment. Local Turkish buyers do NOT buy property this way, and do NOT pay reservation deposits. If YOU want to buy the same way, like a local Turk, read ‘The Guide’ explaining ‘How to Buy Like a Local’. Send an email to Buy@mytapu.com and ask for a Free copy of ‘The Guide, How to Buy Like a Local’.
Istanbul’s Most Desirable Suburban Destination
Sea Views, Back & Front:North Facing Black Sea, South Facing BosphorusForest Hill Crest: City Centre 20 minutes, Airport 40 minutes, Metro 10 minutesPool, Spa, Leisure Centre; Beaches 10 minutesTop Quality Finishings & Black Marble StaircasesElite Gated Commmunity: Built by Society Family as Personal Residences3 Bedrooms,2 BathroomsEstimated Valuation $ 275,000
Original 2017 Listing Price of $ 465,000
Careful Property Searches do reveal exceptional bargains at prices worth negotiating. For example, a bargain, new luxury finished 3+1 residence in a small exclusive gated community on a hill crest overlooking one of the most desirable suburban residential neighbourhoods outside Istanbul, 20 minutes from the centre, surrounded by forests, with twin sea views on either side: one of the Black Sea, and one of the Bosphorus...
...an 'off-market' buying opportunity at a 15% discount to other surrounding properties of similar size, of lower quality and less desirable positioning (see above). These are the market conditions to uncover liquidity driven distress sales. Finding these types of properties is what bargain hunting is all about...!
If you do not speak Turkish, and do not search using the Turkish language, what you will find is pages and pages of websites designed only to lure non-Turkish speaking foreign buyers. These are the websites of english speaking agents. They do not do business with local Turkish buyers, because no Turk will deal with them. These agents want to do business in a specific way (that is to their advantage) that is only possible with unsuspecting foreign buyers. No local Turkish buyers will buy property this way... (continue reading).
Using the internet to scan English speaking websites of property agents in Turkey is fine for ‘window shopping’, but to then start your property purchase procedure that way, is a mistake. If you do, the agent will lock you into their ‘marked-up’ prices with a falsely named ‘reservation deposit’, and what follows afterwards, is a long story of things you wish you had known before you paid, but didn’t find out until later.
What does a good property investment LOOK like? Well, maybe it isn’t obvious from looking at pictures on the internet. Or maybe it’s more accurate to say, it’s not very professional to begin your search for a good investment by looking at glossy pictures on agents’ websites. A professional approach begins differently, with a smarter way of making money, and achieving lifestyle aspirations, when buying a residential property in Turkey for investment, your own use, long term or holiday rental, or all combined... (continue reading).
If you are rightfully skeptical, then never mind the boastful, unsupported reasons you may have read about. As an investor, your judgement relies upon more than hot air. You will know that buying, holding, and ‘hoping’ that prices go up, is a fool’s errand. That type of price increase, is only reflecting inflation. A professional investor makes money above and beyond the inflation rate, analysing key facts about how an investment opportunity arises: the reasons why Turkey is a buy now, and what the future holds ... (continue reading).
How to Find Property in Turkey ? Visitors to our website are often curious about how they can find property to purchase at mytapu.com in Istanbul or coastal regions of Turkey because there are not hundreds of properties showing for sale. The answer is pleasantly surprising, as you will discover... instead of clicking around dozens of tiny property pictures on a website, which are often inadequate... at mytapu.com there is a safer, smarter, and better way to buy in Turkey...
Istanbul Welcomes the Buyers...
Reversal of the downward trend in the Lira seems to have prompted buyers that were waiting and watching, to now finally take action, and enter the market. The Turkish Lira has bounced more than 20% off its lows in a three month period. As a result, a steady stream of buyers are now investing into Istanbul and coastal regions of Turkey... (Nov 2018)
Turkey: Bargain Prices...
and the Brits are Back ! The sudden decline in Turkish Lira exchange rates triggered an unprecedented rush; last-minute holiday bookings surged, foreign exchange bureaus across the UK sold out of Lira, estate agents were deluged with enquiries from property buyers, and flight bookings by Gulf buyers surged... the bargain hunters are back buying real estate in Istanbul and coastal regions of Turkey ...(Aug 2018)
Did you know? There are more than a million unsold properties overhanging the market in Istanbul, and Turkey. The Chairman of the Turkish Realtors Association recently complained that if mortgage interest rates don’t come down, there will be more than 1,500,000 properties unsold by the end of 2019. BUT when interest rates come down, before long, the Lira will rocket (yes, that's right !), taking property values with it...
So if you want to buy a property in Istanbul, it is a buyer’s market, there is plenty to choose from, and NOW is the time to find a 'good deal’ at really good prices.
The trouble is, if you begin your property hunt by searching the English speaking search engine pages of the internet, like google, you won’t find any property bargains, all you will find is English speaking agents selling property to unsuspecting foreigners at the most expensive prices possible, and that usually means 20-30% above appraised value.
The only thing that will be found on those internet pages is an Agent, not a Property at a reasonable price.
So how does a serious investor make a property hunt for bargains?
1) Asking that question is the first step! Many people assume the natural step is just using the internet by web-browsing 'window-shopping' the agent's websites there, but they could not be more wrong.
So the next step, instead of web-browsing 'window-shopping' is to consider what other questions need answers…
2) Which areas of Istanbul are central and which are outside satellite towns, usually construction sites?
3) How to find the appraised valuation of property values per square metre in the different areas of town?
4) What are the different permits for a property and how can these be checked?
5) If the investment is for a rental property, what are the most convenient, desirable locations for working renters to choose for their work places, holiday renters, etc ?
6) What is the property buying procedure and why should one avoid paying 'reservation deposits'?
7) Traffic and public transport travel times to the centre of Istanbul? Remember, this can be as long as three hours: meaning the property is not near central Istanbul.
8) These are the key essential investment factors to assess when buying real estate anywhere, but in Istanbul or elsewhere in Turkey, this is the information that absolutely should not be trusted from an agent, and most usually an agent will never mention or provide, before ‘locking the buyer in’ with a 'reservation deposit'. Which means the money won’t be returned, no matter how poorly these key investment factors turn out to be.
The Safe and Smart Way to get answers to these questions, is the mytapu.com way: please click here to get the Guide to Investing in Residential Property in Turkey.
That approach is where the problems begin, because it is full of pitfalls- the agents, the bandits, the highway men.. they have seen the buyer's coming, and are waiting there, very politely at first, of course! And there begin the convincingly and persuasively told tales of so many misleading lies, on the path to a buyer's entrapment.
In the same way that most foreigners love living in Turkey, most also overpaid for their properties by 20-30%. This is the result of ‘sharp’ practises by agents and developers. The vast majority of foreigner property buyers overpaid, and most purchased properties without permits. And 5-10 years later, many have paid thousands more to fix the permits, and are struggling to see a financial profit on their purchase. With all the wonderful reasons to buy property in Turkey, it is regrettable that agents and developers prey on unknowing foreigners in this way. It needn’t be so.
At mytapu.com, we provide foreigners with the services to buy and sell property just like local Turks- and that means without agents. Agents' main goal is to sell a buyer a property at the highest price possible. Ay mytapu.com, our goal is to buy a property for the lowest price possible. A big difference: worth 15-30% off the asking list price. At mytapu.com we have been doing it for years, for many foreign property investors, and can help you do the same.
‘An agent’s job is to sell you a property at the highest price possible; mytapu’s job is to buy a property for you at the lowest price possible.…’
Experienced, professional investors use a Property Finding, Search & Section Service...
... the unspoken truths about the real estate ‘business’ ....this concerns real estate agents... their storefronts are everywhere- on main street, on the internet... because they are selling property... they are working for the owners to sell their properties... real state agents do not work for the buyer - they work for the seller... an agent takes commission from the seller... the buyer pays an over-stated price, which the seller receives, and the agent gets a share of. See how it works? Not in favour of the buyer…!
The team at mytapu.com are happy to advise, guide and support investors at all stages of the property search, purchase procedures, the mortgage arrangement & registration or removal process, the attachment and removal of liens and encumbrances on the title, assessment of permits, valuations, tax registrations, notarisation, apostile, translations, documentary payments - all conveyancing & completion aspects of a property transaction.
In this way the experts at mytapu.com have assisted more than 3,000 foreign investors in Turkish property over the last 15 years.
Buying a property is a substantial investment – taking sensible precautions to protect that investment at the beginning of the buying process, is the smartest step to ensuring trouble-free outcome, at the end.
Email: Buy@mytapu.com Help-Line: 00 44 1787 54 000 4 Chat Box below for more information...!
A TAPU is a certificate from a Land Registry in Turkey that provides ownership and cadastral information about real estate.
Every property owner in Turkey has one – and that’s why we call our business ‘ my tapu‘…mytapu.com.
Location, Location, Location...
With the Team at mytapu.com you benefit from thirty years of first hand, personal knowledge:
Istanbul: The desirable central neighbourhoods, every neighborhood on the Bosphorus, both Black Sea and Marmara coasts, Asian and European sides, the Princes’s Islands, public transport links, traffic conditions, and the new development satellite towns that are NOT in the centre but which agents will assure unsuspecting buyers as being ’15 minutes’ from the centre, which is simply not the case.
The Coast: North-West from Cannakale, down through Ayvalik, Foca, Izmir, Cesme, Kusadasi, Didim, Altinkum, Akbuyuk, Guvercinlik, Bodrum, Marmaris, Dalyan, Dalaman, Gocek, Fethiye, Olu Deniz, Kalkan, Kas, Finike, Kemer, Antalya, Side, Alanya, to Anamur.
We know the developers, the developments, the agents, and three thousand plus foreign property owners that we have assisted with purchases over the last 15+ years.
Our newsletter reviews locations, and provides useful ‘tips of the trade’, legal, finance, and similar insights for buyers that want to avoid scams and be safe and secure with their investment…
A Better Lifestyle is the Best Investment for
Health, Family, and Finances...
How do I Buy? How do I Bid?
Ready to Start Property Search ?
Or need a Location Assessment, a Valuation, or Rental Property Evaluation (type, locations, etc) ? Begin here…
b) Read 'The Guide'... to buying
MyTapu.com : Why is it 'The Safe Way to Buy' Property in Turkey...?
Did you know that Turks buy property in Turkey in a different way than foreigners? Most foreigners don’t realise this- even those from the UK, Russia, and other countries, that have already bought, and have been owners for years. So what is different, how, and why?
What is 'Due Diligence' and why is it Absolutely Essential ?
Protecting your capital, your health, and your peace of mind are obviously the most important considerations. In a country with a different language, and a different legal system, ensuring your property investment, is a 'dream come true' and not 'your worst nightmare', is what 'Due Diligence' DOES....
Don't be mislead by agents... Get the Guide...
At mytapu.com we know HOW to FIND property in Turkey.
How to use the vast on-line property market places that dominate the Turkish real estate sector, to...
Find a Property… Not an Agent…
And avoid the price Top-Ups and other Hazards...
Most importantly, we will show you HOW to ‘BUY Like a Local…’
The way local Turks buy… NOT the way agents mislead...
The procedure for buying property in Turkey...
The Safe way to Buy Property in Turkey…!
Get the Guide Now…
The Safer, Smarter, Better Way...
Email to Buy@mytapu.com RE: 'Send the Free Guide'...
Service offerings are the client’s choice of either ‘Guidance’, ‘Advisory’, or ‘Managed’, and may include a selection of specific services, a mixed package of combined services, or a fully managed service; with prices for all budgets...
At mytapu our practice is assist clients in making fully informed decisions, with full information and disclosure, in the interests of better outcomes for all, because…
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جدید! تابعیت ترکیه گذرنامه در حال حاضر فقط با تومان 250,000 املاک و مستغلات سرمایه گذاری.... ,
جديد! المواطنة تركيا جواز سفر الآن مع فقط 250,000 دولار أمريكي للاستثمار العقاري.... ,
Citizenship by investment in property in Turkey for just $250,000... BUT...it will cost you $75,000 more than that, if you pay an agent's listing at premium price above appraised value... And so professional advice is essential.
A tapu is a certificate from a Land Registry in Turkey that provides ownership and cadastral information about real estate.
Every property owner in Turkey has one – and that’s why we call our business ‘ my tapu‘…mytapu.com.
These guidelines for participating in open-bidding real estate auctions in Istanbul & Turkey for off-plan,
new-built, resale, refurbishment and repossession properties are for international investors.
Guidance, support, and a complete range of professional investor services are provided by mytapu.com.
To find out more, without obligation, complete the form below or click on the BUY TAPU button...
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Enter Bidding Process-
Instruct Purchase Transaction
1 Register for free, no obligation, and receive instructions for ‘Next Steps’, and find out more… Be sure to tick the box to receive our periodic newsletter with updates on legal, mortgage, insurance, and tax matters, business procedures, and market trends & conditions.
2 Search & Find the Property You Want
Full Disclosure of Property Particulars
3 Enter Bidding Procedure
Submit Documents to begin and complete the purchase process
You do not need to attend the Land Registry, Tax Office, or follow the other official paper work, as the attorneys you select from mytapu.com panel of approved practioners in Turkey will do these for you.
4 Instruct Purchase Transaction
Your selected attorneys manage title transfer, payment of taxes, and all other official procedures at all official offices and Land Registry, and then arrange the payment documentation for the buyer’s deposit or transfer to the seller’s bank account.
If the form isn't accepted the first time, please try resubmitting it with the renewed 'Verification Code' appearing at the bottom.