mytapu.com - Articles #Citizenshipmytapu.com - Articles #Citizenshiphttps://www.mytapu.com/blogs/tag/citizenshipThu, 30 Apr 2026 19:26:56 -0700http://zoho.com/sites/<![CDATA[How to Buy Property for Citizenship Investment In Turkiye]]>https://www.mytapu.com/blogs/post/How-to-Buy-Property-for-Citizenship-Investment-In-TurkiyeWhat problems face CBI/CIP Citizenship Investors in Turkiye ? Solutions which regulatory changes did not solve ... and the way to solve the problems... expert insights provided by Turkiye's Leading Real Estate Investment Advisors... MyTapu Associates]]>

What are the Solutions for the Three Biggest Problems…?


Turkey’s Citizenship Investment Program (CBI/CIP) was overwhelmingly successful in previous years. However, there were problems for investors that became apparent later, afterwards. Regulatory changes addressed some of these problems to a limited extent, but did not solve the problems. As a result Turkey’s CBI/CIP program has a greatly reduced uptake and far fewer buyers of real estate property in Turkiye.

The Solution: The way to solve the problems   

The Solution: The way to solve the problems, does require extra effort, time and work this is the type of work that an immigration / citizenship consultant, real estate agent, or lawyer never has done, nor ever will do. This work does have extra costs. The practical way to deal with the extra costs is to share them among investing applicants. This means an investor should network himself with other friends and family to team together with a few other investors.

Teaming together results in benefits

Teaming together results in the benefits of:

A)Sharing costs among investors, so for example, a minimum of five investors are sharing costs together, instead of one.

B)Buying property this way means investors all will have the added comfort and benefits of being together with like-minded people, friends and family at their new Turkish residence. 

 

Ask MyTapu Associates how we may assist investors in teaming together with other like minded investors of their choice, by sending an email to info@MyTapu.com with the subject ‘Teaming Together for CBI/CIP-Tr

What are the Three Biggest Problems…?


The Number One problem is the collusion between Citizenship Consultants, Real Estate Agents, and Lawyers to set an articially inflated purchase price for a property, from which they all share profits, hidden from the investor, until trying to sell three or more years later.

 

Solution for Problem Number One: Investors must avoid using Citizenship Consultants and Real Estate Agents, and should negotiate service delivery directly with a law practice that has been pre-qualified by MyTapu Associates. The role of the law practices is simply to represent the investor through the bureaucratic application procedure (essential/ highly recommended for submission, monitoring, feedback and question answering, and passport delivery), and not to provide specialized expertise for the CBI /CIP real estate program, because it is not needed- the regulations and procedures are clearly defined.

 

The Second Problem is to manage and ensure the appraisal value satisfies the minimum price level requirement of the program and matches fairly closely the contractual purchase price. Falsifying with fraudulent procedure the appraisal report is a lazy and stupid way of dealing with this issue, by people that are not truly professional experts and are instead simply ignorant. 

 

Solution for the Second Problem: There are techniques for managing the quality control of appraisal value reports that MyTapu Associates have used for more than eighteen years for mortgage appraisals, but because mortgages are not accepted by the CIP/CBI program, the smooth talking but otherwise ignorant and poorly educated sales profiteers have no knowledge of how to do it. The techniques do require time and considerable work, so must always be done 30-60 days in advance.

 

The Third Problem is to ensure the location of the property serves purpose for the program and is not prohibited for foreign purchase.

 

Solution for the Third Problem: Is for the research required to identify suitable property assets at acceptable locations, for the required price, and supporting appraisal valuation. This is different than what agents do- simply selling whatever a developer brings to them. MyTapu research utilizes specialized sources for the right locations combined thereafter with negotiations with developers, which benefits from leveraging strength for multiple unit purchases to obtain more advantageous terms for multiple team purchases. MyTapu Associates have been negotiating with developers in Istanbul and Coastal Regions of Turkiye since 2003 and are very competent and experienced.

 

Combined together, this Team Buying Solution is competently manageable, but only for practioners with the requisite knowledge, expertise, and experience, which MyTapu Associates do have, and isn’t widely available elsewhere, if at all.  At the same time, the costs are not an issue, because they have been shared and thus reduced per property, and are in all cases far less than the hidden costs of buying over-priced properties in which the citizenship consultants, real estate agents, and lawyers are sharing huge hidden profits

MyTapu Associates: Real Estate Investment Advisers, Serving Foreign Investors in Turkey since 1989  

There are no real estate agents, layers, bankers, mortgage brokers, nor appraisal eksperlar in Turkiye with professional licenses and qualifications for providing investment advice... these are NOT investment advisors..

Local Insights add to our Advisors' Expertise, of the Highest Calibre.... 

  • Multiple University Four-Year Degrees
  • Higher Degrees (PhD)
  • Professional Licenses (12+)
  • 20+Yrs Work within Institutional Standards
  • 30+ Years of Professional Practice and Local Knowledge in Turkiye
  • Multi-Country Cadastral Knowledge
  • Multi Jurisdictional Legal Experience
  • Assigned by World Bank & OECD to Turkish Gov't Technical Assistance team to establish in Turkiye the SPK's 1) Appraisal Framework Methodology, 2) Eksper Appraisal Training & Licensing 3),Eksper Professional Trade Association, 4) Bank SME Loan Training Programs, 5) Bank Mortgage Lending Products & Policies, 6) Extensive Deal Flow Origination for Institutional Clients,7) Investment Banking Formation, Management and Operations, 8) Innovator of Propietary Econometric Techniques, Tools, and Specialist Real Estate Research....,  etc.

Buyers Rejoice at the Biggest News for Property Investors in Turkiye for Ten Years…
​The Most Valuable Information Investors will Ever Receive
​May 1 2026

These regulatory changes will have the greatest impact since the 2017 price peak, the 2007 introduction of mortgages, and the 2003 approval for foreign investors.

 

What were the tricks, tactics and transactional practices that previously made investing so difficult?

New Regulations Minimize Profiteering & Risks

  • Transparent Secure Payment Procedures
  • Valuations & Property Sale Price Data
  • Permit-Less Properties Banned
Read Now
]]>Tue, 24 Mar 2026 13:37:58 +0300<![CDATA[  AI Agents Search Result Summaries Inaccurate & Incorrect ]]>https://www.mytapu.com/blogs/post/Property-Turkey-AI-Search-Result-Inaccurate-IncorrectInternet search results provided by the AI Agents of Search Engines are providing Factually Inaccurate & Incorrect Information….]]>

Artificial Intelligence (AI)  OR  Automated Mis-Information (AM-I)...?

Information Accuracy for trouble-free planning and preventing errors & financial loss, is essential for specialized, complex, and opaque subjects, like buying or selling real estate in Turkiye.... 


  • Financial Losses result from relying on bad information and guidance…
  • ·Accurate Information is not generally available to AI Agents, because they rely on information that is publicly available on the Internet, instead of from expert insights provided privately by email and consultation, and not publicly on the Internet….
  • ·More than 9 of 10 AI Agents’ Internet search results provide information that is inaccurate and incorrect….
  • ·It is Impossible for an ordinary person to know which part of the information provided is correct or incorrect…
  • ·AI does not have the data to predict and provide the correct information, because AI does not have the data known by practicing experts with day-today insights…. 
  • ·These Facts are revealed in a simple ad-hoc survey in Mar 2026, and confirm the problem has not improved since summer 2024…

  • ·For Answering Simple, initial questions, AI Agents search results may be helpful to provide a quick summary, but are not a smart choice when reliable, factual, and verifiable information is required…. 

The solution is... 

  • Obtaining reliable and verifiable information from a qualified, experienced and practicing specialists…. 
    • This is how private companies program AI with their expert’s specialized knowledge to serve as a useful tool....
    • Users pay tens of thousands of Dollars to rent and use those type of AI tools….
    • The same quality of tools are not available from publicly available versions of AI Agents on the internet….

    How and why the AI Artificial Intelligence (AI) search result summaries transform into Automated Mis-Information (AM-I) is explained here…

    Read More Here

    Additional Reading- Articles ...



      Read more summary overviews on web pages....






      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!

       

      #CBITurkey #YurkiyeCIP #TurkiyeValuations #TurkeyAppraisals #mytapu mytapu #Property #Turkey #Secrets #Success #Howto #Steps #Price #Valuations #LegalHelp #DueDiligence mytapu.com #mytapu.com  #TRUST #testimonials #REFERENCES #scam #legit #reviews #complaints #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property- #online #on-line #portals 

      ]]>      Sat, 14 Mar 2026 11:05:02 +0300      <![CDATA[Turkiye CBI/ CIP: What is the First Step, and Why is it Essential ?]]>https://www.mytapu.com/blogs/post/turkiye-cbi-cip-what-is-the-first-step-and-why-is-it-essentialThe most important consideration is protecting capital and preserving wealth- and receiving factual answers, not clever sales talk... the key to making fully informed decisions...]]>

      There are many very good reasons for participating in Turkiye’s Citizenship Investment Program. These are the reasons that have made it the most successful program in the world over the last few years.

       

      What is the most important part of the citizenship investment (CBI / CIP) process in Turkiye ? The most important aspect is for an investor to identify a source of reliable information that provides full disclosure and is transparent. At MyTapu our policy is to ensure investors have been provided with the full information so that they may make fully informed decisions. Doing so ensures mutually beneficial outcomes for all concerned- BOTH advisors and investors.

       

      The Advisors at MyTapu Associates ensure investors interests and capital are protected by beginning the citizenship application process with a consultation that explains the choices available to the investor.

       

      What does this first step reveal and why is this so important ?  This first step identifies all the key questions that need answers to enable an investor to make a fully informed decision about protecting capital and preserving wealth with the investment.


      The type of questions an investor wishes he or she had asked, and received answers to, at the beginning of the process, instead of finding out by chance, later ! 

       

      The information and insights reveal answers to the most important questions:

       

      • What is the one scenario in which an investment in real estate will be a safer way of protecting capital and preserving wealth ? There is only one scenario in which real estate will be the best financial choice for protecting capital and preserving wealth, and we explain this in detail, with the expertise and insights of 35+ years advising international investors on entry to the Turkiye.
      • In which situations and circumstances will real estate investment be the right decision for the CIP/CBI program in Turkiye ? An investor’s choice is generally determined by several priorities, and we clarify what these priorities are, and how best to rank and decide which are most important. 
      • Why real estate investment through the CIP/CBI program is not the best choice to protect capital and preserve wealth ? We reveal the reality of financial performance of real estate investment via Turkiye’s CIP/CBI program.
      • Why do investors not discover this outcome until several years later ? The practical insights revealing the reality are exposed.
      • What realities undermine the assumptions that underlie positive expectations for real estate investments ? The most common reasons for investing in real estate are discussed with an explanation of why these are misconceptions because of factual realities in the real world circumstances.
      • How much are these costs and how are they hidden ? Advising more than 3,000 foreign real estate investors in Turkiye over the previous 17 years enables us to share their experience of the actual range of costs, revealed with insights into the techniques and practices used to mis-lead investors.
      • Are there protections to prevent hidden costs ? We provide insights into how to apply a process for prevention of negative outcomes, discuss the risks of this process, and explain why there is no alternative remedy to provide a solution, and describe how the regulations permit these shortcomings to persist, and outline the costs of seeking redress with litigation through the courts.
      • What investors must avoid doing to protect their capital ? How to prevent becoming caught and trapped into the procedure used to commit foreigners to buying real estate in Turkiye…
      •  Why are investors not informed about this by international citizenship advisors, local real estate agents, lawyers and other service providers ? The motivating considerations are explained along with insights into common practices and why investors should not expect any change to the ongoing situation.
      • Why is this information not available on the internet ? The reasons why and with insights into how the internet search results became a source of misleading information.
      • What other investment choices are available to investors? These are explained in detail with many investors usually surprised about the better advantages they previously had no information about.
      • Why are these choices rarely or never explained to investors ? The underlying conflict of interests become apparent when the motivating factors are disclosed.
      • What are the other non-financial considerations in choosing the right investment between real estate and other financial investments ? We look at the other non-financial reasons for investing in real estate in Turkiye and why for some investors these are more important reasons and the right reasons.
      • How does an investor make the right choice – what is the solution to help investors avoid making a costly mistake ? This first advisory consultation applies a 360 degree examination of all aspects and follows a decision making framework that guides investors to making the most appropriate decisions to make advantageous choices for their own specific personal, family, and financial priorities and circumstances. 

       

      This caliber of information, insight and service is only available from MyTapu Associates.

       

      Email info@MyTapu.com to schedule a 'First Step Consultation for Turkiye’s CBI / CIP Program'.



      Guidance Procedure: The Essential First Step- Making the Right Decision

                                      

      Read more details in articles...

      Read more summary overviews on web pages....


      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!

       

      #mytapu #Property #Turkey #CBI #CIP #Citizenship #Investment #2ndPassport #BankDeposits #GovernmentBonds #InvestmentFunds #VentureCapitalFunds #DirectBusinessInvestment #FDI #Film #Film&TV    #TRUST #testimonials #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property- #online #on-line #portals MyTapu has the answer....

      .

      Get Started Now
      ]]>      Sun, 29 Dec 2024 15:44:19 +0300      <![CDATA[Citizenship Investment Program in Turkiye: Bank Deposits, Government Bonds, Investment Funds, Real Estate, & Direct Business Investment]]>https://www.mytapu.com/blogs/post/citizenship-investment-program-in-turkiye-bank-deposits-government-bonds-investment-funds-real-estatEvaluation of reasons why Turkey's Citizenship program is so successful and the investment choices available for investors.... MyTapu has the answer...]]>

      The World's Most Successful - By Design: Qualitative and Quantitative

      Turkiye’s Citizenship Program is the world’s most successful because it is designed intentionally to be the most competitive option for investors to choose. During the previous 18 months other countries have changed their own programs to become more competitive with Turkiye, and despite the increase in the minimum required amount for real estate investment in Turkiye, the underlying attractions of Turkey's Program have not been significantly diminished.

       

      The attractions can be described as two types.... qualitative and quantitative.

       

      I. Qualitative: The qualitative attractions of Turkiye put it ahead of most other competing locations:

      1. In investment terms, Turkish assets provide diversification from the beta of macro-economic performance characterizing most developed world economies.
      2. In terms of quality of life, the benefits of enjoying a happier and healthier lifestyle  place Turkiye among the leading destinations in the world, not simply amongst choices for countries providing citizenship. The life style advantages extend to cultural, social, and medical considerations, and include better travel logistics, food, entertainment, social life, education and work place factors.
      3. No additional onerous requirements for learning the local language or minimum residency in the country unlike the programs of many countries.

       

      II. Quantitative: The Quantitative attractions of Turkiye’s Citizenship by Investment Program are the key competitive advantages in comparison with other countries.

      1. Application & Approval Risks: Application procedures are standardized and approval processes are objectively based on established and published criteria in Turkiye. This is an important factor because in the programs of many countries, an applicant’s approval relies on subjective decisions by unseen administrators applying non-transparent subjective considerations. There are no such risks in Turkiye.
      2. Capital Preservation Risks: Wealth preservation is a key factor for investors’ economic evaluation of various countries’ citizenship programs.

      a) Program Features: Turkiye’s program does not have a mandatory ‘contribution' or 'donation' element, unlike many competing countries. This means that 100% of an investors capital is preserved.

      b) External Factors:  The currency exchange rate risk previously inherent in the program has now been removed by enabling investment in assets that are not denominated in Turkish Lira, but instead denominated in foreign currencies and alternative assets (gold etc) of the investor’s preference. A mechanism has been established to require documentation of entry into the program with Turkish Lira for a one-day period, and that one-day period may be managed to remove currency risk.

       

      Investment Choices... 

      Investments available for investors to choose (listed in order of ranking best wealth preservation choices first):

       

      Bank Deposits ($ 500,000)  are now available in multi structure and currency protected. what this means is that the structuring of the deposit in different currencies than Turkish Lira is now an option with varying durations. In addition bank deposits that are denominated in  gold and silver are available. The Turkish government also provides a specific type of bank deposit with a Turkish Government Guarantee protecting the principal capital value and accrual increase value for the duration of the deposit term. This investment choice is not only safe and secure, but also benefits from greater flexibility and lower transaction costs, thus enhancing its wealth preservation features.

       

      Government Bonds ($ 500,000) denominated in Turkish Lira, USD, EUR and YEN are available as an investment choice. These debt instruments have the full repayment guarantee of the Turkish Government. Investor’s preference for investment returns and minimizing risk may be achieved with professional investment advice from the expert advisors at MyTapu Associates. Liquidity is assured. This investment choice is not only safe and secure, but also benefits from greater flexibility and lower transaction costs, thus enhancing its wealth preservation features.

       

      Investment Funds & Venture Capital Funds ($ 500,000), are available as an investment choice. These financial instruments provide greater scope for meeting Investors' individual preferences for a wider range of investment returns. Eliminating or minimizing Turkish Lira exchange rate risk is achieved by selecting funds that invest in and hold assets denominated in Gold, Silver, USD, EUR, US and EU shares, international Film & TV participations etc Liquidity is generally assured by resale on public capital markets.. Minimizing risk may be achieved with professional investment advice from the expert advisors at MyTapu Associates. This investment choice is not only safe and secure, but also benefits from greater flexibility and lower transaction costs, thus enhancing its wealth preservation features.

       

      Real Estate ( $ 400,000) investment in commercial or residential properties is  available but because of the wide spread practice by agents and CIP advisors of sharing the pirated ‘hidden profit’ from undisclosed price mark ups, the investors’ capital suffers an immediate loss of the amount of the hidden profit, usually a minimum of 20%. Investor’s are advised to obtain expert insights from MyTapu Associates before choosing real estate for citizenship investment purposes.

       

      Direct Business Investment for the creation of 50 full time employees is suitable in the case where an opportunity has been identified for joint venture with an established local Turkish operating partner for the purpose of capacity expansion. This option for CIP investment may be suitable in other situations, but the economics of implied costs generally do not favor this investment for wealth preservation purposes. The advisors at MyTapu associates are pleased to advise further.


      MyTapu has the answer...


      Further reading is available on Turkiye's Citizenship by Investment Program, or by contacting the experts at MyTapu Associates by email at info@mytapu.com....



       

      Read more details in articles...


      Read more summary overviews on web pages....

      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!

       

      #mytapu #Property #Turkey #CBI #CIP #Citizenship #Investment #2ndPassport #BankDeposits #GovernmentBonds #InvestmentFunds #VentureCapitalFunds #DirectBusinessInvestment #FDI #Film #Film&TV    #TRUST #testimonials #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property- #online #on-line #portals MyTapu has the answer...
      Read More Here
      ]]>      Sat, 24 Feb 2024 21:51:03 +0300      <![CDATA[The Secret to Successful Property Investing in Turkey]]>https://www.mytapu.com/blogs/post/The-Secret-to-Successful-Property-Investing-in-TurkeyHow to Buy Property in Turkiye, the Three Secret Steps that Guarantee Success... MyTapu has the answer...]]>

      Buying a property in Turkiye almost certainly guarantees the dream of enjoying a happier and healthier lifestyle, but to achieve success, requires the secret know-how to prevent that dream from becoming an investor’s nightmare…

      How to Buy... What are the First Steps...?

      Ask this question in a google search, and the answers are all mostly the same. One of the key steps is ‘ find an agent’ . Of course that is because agents write the articles. In fact, local Turks have not used agents to find property for ten years or more. Those articles are only read by unknowing non-Turkish people making their google searches in English. Such articles written in English, Russian or Arabic by agents are simply guiding unsuspecting non-Turkish speaking buyers down a path to follow procedures that enable agents to manipulate the property purchase procedures for their benefit, at the expense of the investor.

      Ok, but how can a property purchase be done safely and securely, avoiding these regrettable circumstances ? 

      MyTapu has the answer...

      Buy Like a Local

      Ask this question in a google search, and the answers are all mostly the same. One of the key steps is ‘ find an agent’ . Of course that is because agents write the articles. In fact, local Turks have not used agents to find property for ten years or more. Those articles are only read by unknowing non-Turkish people making their google searches in English. Such articles written in English, Russian or Arabic by agents are simply guiding unsuspecting non-Turkish speaking buyers down a path to follow procedures that enable agents to manipulate the property purchase procedures for their benefit, at the expense of the investor.

      Ok, but how can a property purchase be done safely and securely, avoiding these regrettable circumstances ? 
      The real answer is to follow the same steps local Turkish buyers use. Asking an agent is not one of the steps. This is because agents have such a bad reputation in Turkey, that local buyers stopped using agents as soon as an alternative became available. more than ten years ago, with the introduction of on-line market places called ‘portals’ where property owners can communicate directly with buyers via on-portal messaging. 

      Many agents try to mislead naieve buyers into believing their own websites are portals- but none of those simple websites provide a buyer with direct messaging access to the owners. No, instead, agents put themselves in the communication between buyer and seller, and that is where the problems begin, which is how agents make their money. This is a lot more money than the 2-3% agents charge in commission. 

      English speaking agents are taking more than just commission – they typically enter an agreement with the owner to sell the property and pay the owner a fixed set price, and whatever higher price the agent sells for, the agent keeps. This additional ‘price mark-up’ is a  ‘hidden profit’ for the agent, most often ranging from 20% to 40% (the highest seen is 60% !). So if a buyer receives a 10% discount from the agent, most often this is still 10% or more above the market price of the property the seller receives !. 

      Understanding this important reality is essential for investors wishing to avoid over paying, and expecting real investment returns. Ideally, a buying investor wants to know all the expenses and costs being charged at the beginning, and before committing and paying anything. This solution is available to investors by using the fee-based services provided by MyTapu Associates - without  commissions nor 'hidden price mark-ups. 

      The Three Most Important Steps for Buying Property in Turkey

      The summary of the real steps for safely buying property in Turkey    are following the steps and buying the same way local Turks buy… ‘buying like a local’. This procedure covers the three most important aspects of buying a property in Turkey, at the beginning of the process:

      1) Finding the Property
      2) Checking the Sales Price with Market Prices
      3) Checking the Property’s Permits and Cadastral details

      These three are done during the early stages of finding a suitable property for purchase, and before visiting for a viewing.  An unsuspecting buyer will be misled by agents into waiting to check price and permit documents until after paying a reservation deposit (never do it !).

      How Does a Buyer Make the Best Possible Investment ?

      If an investor ventures to manage these on his own, it can be nearly impossible without knowledge of the Turkish language, but help and guidance is available from mytapu with support services showing a buyer ‘how to’ use the portals to find a property meeting the buyers priorities and criteria. The Property Finder’s Service opens up for the buyer the entire market of properties available for sale in Turkey. All without an agent, and without being limited to only those properties an agent has positioned for selling at the maximum hidden profit. 

      Alternatively, a buyer may prefer to have someone else do this work; someone that can do it faster and more easily because of having years of experience – and for these investors mytapu provides The Property Search and Selection Service, designating an experienced property analyst and transaction expert to work on the buyer’s instructions. .

      Both services provide the property buyer with the benefits of seeing all the property on the market of the type the buyer is looking for. In addition, both services enable the buyer to obtain professional market intelligence on prices, and professional assessment of the permits and cadastral circumstances for properties. 

      It is important to note that success is most often determined by the way in which the price and permit checks are integrated into the negotiations with the seller, and ensuring this information is checked before incurring expenses and time visiting the property. For this reason, appointing experts to these tasks with instructions is essential, and can be done with both services.

      However, only the Property Search and Selection Service provides the buyer with the experts’ directly managed coordination  of these aspects, which is crucially important.  because the seller or the seller’s agent is most often, constantly striving to put the buyer in a position of not having these aspects checked without first making an advance payment deposit – which they always assure is refundable,  but never is without the expenses incurred by going to court. 

      MyTapu's Professional Advisory Services are designed and used by professional investors for many years now, and suitable for private individuals that are seasoned investors with property portfolios in more than one country. Please click here for a closer look at these services and investment considerations. 

      Let’s look at each of these three aspects in a little more detail…

      1) Finding the Property

      The summary of the real steps for safely buying property in Turkey are following the steps and buying the same way local Turks buy… ‘buying like a local’. 


      This procedure covers the three most important aspects of buying a property in Turkey, at the beginning of the process:


      As explained further above in this article, the Property Finder’s Service, or the Property Search and Selection Service provide  the best solutions and outcomes… 


      Both services use a combination of portals, private channel networks, and other insights and tools to identify properties meeting the requirements of investors...  


      MyTapu's Professional Advisory Services are designed and used by professional investors for many years now, and suitable for private individuals that are seasoned investors with property portfolios in more than one country. Please click here for a closer look at these services and investment considerations. 


      We are pleased to provide a few of the many customer reviews about MyTapu here...

      2) Checking the Sales Price

      Market Price Checks using Official Appraisal Methodology are provided by the Short Form Price Indication report....


      Alternatively, a buyer can obtain a list of all property in the same location, condition, and quality, and also a map showing every property’s precise location,  with the Buyers Market Intelligence report.

      Both reports use the standard appraisal methodology used in Official Appraisal Reports....


      The advantage is ...Instead of using average property prices used generally by appraisal companies, which are very inaccurate, the reports from MyTapu use a proprietary technique based on the economic fundamentals of factual supply and demand in the real-time market situation:  ensuring the most accurate market price valuation possible...only MyTapu provides this service....  

      3) Legal Checks & Due Diligence

      Checking the legality of a property’s permits and cadastral details is an activity that has the name of Cadastral Due Diligence, and should be done very early in the property search procedure because there is no point visiting a property to view it and pay a reservation advance payment (the agents’ preferred procedure) if the property does not have final permits (the costs and headaches are a nightmare). For this purpose MyTapu provides Preliminary Due Diligence for the beginning of the property purchase procedure, related to the most commonly occurring 'rip-off' risks.

       Final checks on all other aspects of the property assets legality can be done at the very end of the transaction right before the first and final payment is made, with Completion Due Diligence. The most commonly occurring risk in property transactions in Turkey is the permits, but there are additional risks which the due diligence checks: debts and mortgage liens secured on the property; location; ownership; structural and engineering risks, geographic and soil risks etc

      Negotiation

      During the process of having the above mentioned price and legal risks checked and clarified, the seller and buyer will be in discussion (unless the seller has granted a power of attorney, and if an agent does not have one, the agent is not authorised) , and this is the natural way for the negotiations to proceed – unlike the way agents guide buyers, to negotiate price first and apply pressure for the payment of a reservation deposit or other advance payment, before the risks are checked !  

      And for the reasons explained at the beginning of this article, describing agents’ ‘hidden profit and price mark-ups’, a buyer that is foolish enough to rely on an agents’ assurances about the existence of these risks,  is foolish enough to pay 20-40% more than the market price for a property.  The alternative- Independent Professional Advice – is essential, and is provided by the MyTapu services mentioned in this article, above.

      Knowledge is the Key

      Knowledge is THE most important ingredient of successful investing -  essential. For this reason the best next step the reader should take is to become 'fully informed'. At mytapu, our policy is to ensure investors are fully informed so that they may make fully informed decisions, there-by ensuring successful outcomes for everyone. 

      How to Become Fully Informed ?

      Read all the articles by follow all the links in this article and below -  take advantage of the full information resources on this website.

      For clarity and professional guidance, mytapu provides independent professional advice as fee based services, which are priced at a very small fraction of the economic value resulting from cost savings and preventing investment losses. Using these services also reduces uncertainty, stress and are also safer, more secure, faster and provide better results. 

      The Secret Revealed...

      This is the Secret to buying a successful property investment in Turkey. It is a secret a buyer will not read about anywhere else on the English language internet, for the simple reason that all the articles about buying property in Turkey are published on the internet by agents’ and they do not want to reveal their ‘secret’ hidden price & profit mark-ups’. That is why those articles published by agents guide unsuspecting buyers down a misleading path by describing an alternative set of procedures that local Turks never follow. Buyer’s will benefit from protecting their capital and  peace of mind, and ‘buying like a local’… otherwise buying into the dream of a better life-style will become a nightmare….

      This is the Secret to buying a successful property investment in Turkey. It is a secret a buyer will not read about anywhere else on the English language internet, for the simple reason that all the articles about buying property in Turkey are published on the internet by agents’ and they do not want to reveal their ‘secret’ hidden price & profit mark-ups’. 


      That is why those articles published by agents guide unsuspecting buyers down a misleading path by describing an alternative set of procedures that local Turks never follow. 


      Buyer’s will benefit from protecting their capital and  peace of mind, and ‘buying like a local’… 

      ...otherwise buying into the dream of a better life-style will become a nightmare headaches, heartbreak and thousands in additional un-expected expense costs….


      This is why Independent Professional Advice is so essential...


      Find out more by sending an email to info@mytapu.com with the subject 'The Secret to Buying Property in Turkiye'. .

      Get Started Now

      Additional Reading- Articles and Web Pages...

      Read more details in articles...


      Read more summary overviews on web pages....

      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!

       

      #mytapu #Property #Turkey #Secrets #Success #Howto #Steps #Price #Valuations #LegalHelp #DueDiligence  #TRUST #testimonials #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu  #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property- #online #on-line #portals 
      ]]>      Fri, 16 Feb 2024 07:01:00 +0300      <![CDATA[How does the False Information Arrive on the internet about Property in Turkiye (Turkey)?]]>https://www.mytapu.com/blogs/post/How-does-the-False-Information-Arrive-on-the-internet-about-Property-in-Turkiye-Turkey… Agents’ Practices, Social Media, Blog References & Discussion Boards, Information Created by Artificial Intelligence (AI)…]]>

      … Agents’ Practices, Social Media, Blog References & Discussion Boards, Information Created by Artificial Intelligence (AI)….

      So search engine algos receive huge input volumes of false information,  but how does that false information come into existence on the internet in the first place?

       

      The primary reasons are:


      Agents’ Practices – Agents priorities are to maximize and secure their commission and ‘hidden price-markup profits’ as early as possible in the sales process. For that purpose, agents are true experts – every other consideration is secondary, or non-existent. Providing mis-information that misleads a buyer for this purpose is very profitable, The information is free, but the results that mislead the buyer provide the agents with huge profits that often range as high as 50% of the true market value of the property- and that 50% is the buyer’s ‘hidden cost’- which is very real, as the buyer discovers when they try to sell the property- which is usually years later. Free information is very costly, and in reality is very expensive .

       

      Social Media, Blog References & Discussion Boards - Recent research reveals that 80% of internet buyers research blog articles and discussion boards before completing a purchase. Unfortunately a very large proportion of the information on blogs and discussion boards is also inaccurate and misleading. Often this is because agents are writing the information while using membership identities to appear as buyers. Many times the incorrect and inaccurate information is provided by a bonafide, authentic buyer, and describes what they know- but what they know is usually some small fraction of the facts they learned from brief discussions with informed sources, but most often is obtained from hearsay because they themselves never paid fees to receive independent professional advice, because they chose instead to save money and use ‘free’ advice, which has resulted in huge hidden costs, which they may not yet be aware of ! Blogs and discussion boards are not a reliable source of information.

       

      Information Created by Artificial Intelligence (AI)– the huge increase in the use of AI to create information on the internet (websites, articles, research data, etc) has replicated the proliferation of false and misleading information on the internet. The AI algos (see above) produce the new information by scanning the internet and compiling the same false and misleading information into new false and misleading information (garbage in leads to garbage out).  The volume of false and misleading information is now larger than ever, and search engines rank that information very highly, not because it is correct and accurate, but because the AI algos are very good at structuring the presentation of the inaccurate and incorrect information.

       

      The irony is that many ‘trusted and reputable’ sources of information are ranked highly in search results because they are considered an ‘authority’ – even when the information provided is incorrect and inaccurate... but only an expert can know this.

       

      Very good examples of this are ‘Trust Pilot’ and ‘Scam Advisor’. These websites thrive on a valuable concept of exposing fraudsters by naming and shaming publicly… Unfortunately, they also enable fraudsters and scammers to cover their dastardly deeds with ‘reputation management’ that involve the scamsters posting a large number of fake customer reviews that make them look great. Having worked for over a decade fixing investors problems that have been created by these scammers, we know who they are and what they do, and so when checking the reviews of these scammers and fraudsters on the Trust Pilot and Scam Advisor websites,  we see these scammers and fraudsters have great high trust rankings- because they have cosmetically covered their evil deeds. On the other hand, when looking at our own MyTapu review on these websites we see one negative review… from just one customer of more than 3,000 served. And this review is making false, factually inaccurate and incorrect allegations about the services received… These allegations were presumably contrived by that disgruntled customer because MyTapu experts refused to follow that customer’s directions to avoid compliance with anti-money laundering regulations…which is a criminal offence ! . No surprise the customer himself, in his home country is a … yes, you guessed it.. an estate agent..>!

      Read More About Independent Professional Advice

      Contact us today at info@mytapu.com: add your Telegram Messenger, WhatsApp or Viber number to request a call back.



      Additional Reading for Investors:

       

      Where to Find Information … ?

      …the highest ranked internet search entries (those that a searcher sees at the top of the first page) contain factually incorrect and inaccurate information.

       

       

      Why do Internet Searches result in Misleading Information …?

      … because the results rely on huge volumes of free and inaccurate information, without the qualified knowledge, nor years of practical experience, of a bonafide expert .

       

       

      How does the False Information Arrive on the internet…?

      … Agents’ Practices, Social Media, Blog References & Discussion Boards, Information Created by Artificial Intelligence (AI)…

       

       

      How do Internet Search Engine AI Algos Learn which Information is Correct…?

       …they do not and can not… they rely on authors to provide gradually more accurate and correct information to protect and enhance their brand reputation…

       

      Why Does Factually Incorrect and Inaccurate Dominate Search … ?

      ….because the AI algos are very good at structuring the presentation of huge volumes of  information (usually freely available and often misleading)…but have no access to professional advice which is not freely provided on the internet…

       

      Where to Find Factually Correct and Accurate Information … ?

       … a more trusted source- word of mouth referrals from off-line communities….

       

      Independent Professional Advice… 

      When the world’s largest, smartest, and best performing investors want advice, where do they find it? …do they rely on agents without specific degrees, reputable experience, or professional licenses… ?


      Customer Reviews and References for MyTapu 

      Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP



      Residential Property Investors Tool-Kit for Turkey

      Property Finders Service Istanbul and Coastal Turkey,

      Citizenship Investment in Turkey 

      Conveyancing

      The One Source for Every Turkish Mortgage

      Legal Services for Property Matters in Turkey

      Advice for Property Matters in Turkey 

      Valuations

      Property Price Histories in Turkey



       Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…





      Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...

       

      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!

       

      #mytapu #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser  #corruption #my #Tapu  #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property #Sell #Turkey #Property #Sale #online 
      ]]>      Sat, 16 Dec 2023 17:37:59 +0300      <![CDATA[The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….]]>https://www.mytapu.com/blogs/post/The-True-Cost-of-Citizenship-by-Investment-in-Turkey-Hidden-CostsNo citizenship investor in Turkey need be unduly concerned about the citizenship application risks. The program is very well designed ... the RISKS are in the Hidden Costs resulting from agents' hidden price markups...]]>
      Risks and Costs of Citizenship Investment in Turkey for Investors' Capital and Consultants' Brand Value...
      Risks and Costs of Citizenship Investment in Turkey for Investors' Capital and Consultants' Brand Value...

      With transactions costs of Citizenship by Investment in Turkey ranging as high as 20% or more, the true costs are : 

      a) investor dissatisfaction and, 

      b) accompanying brand reputation damage of advising consultants.


      Citizenship Investors Talk Openly… and Word Travels Fast & Far…

      Amongst their associates and friends, in their network circles, they openly discuss the merits and concerns of their choices. The interactions with advisors are relayed back into their networks. The networks overlap, and interlink. Word travels fast. In this way, a Citizenship Advisory consultancy gains a voice for their brand name. That brand reputation can easily suffer irreparable damage from dissatisfied investors in Turkey…

      In a citizenship applicant’s network, there are several like minded investors, at different stages of their decision making. When an applicant some weeks or months later discovers the investment made is worth 10% - 20% less than what they paid, that loss has a damaging impact on new business for the advisors brand. No amount of advertising will rectify this impact on the future citizenship applicant’s decision making.

       
      ‘Commission ‘Gold-Rush Fever’ is Everywhere…

       

      The many merits of the Citizenship by investment program in Turkey have attracted international citizenship advisory consultants from around the world. A quick scan of their internet advertising reveals scant previous experience of business conditions or operating experience in Turkey.  Of course, they may rely on legal advisers in Turkey. Like the real estate lawyers and agents charged with real estate purchasers, the attraction of large commissions and ‘hidden price mark-ups’ governs every action, like ‘gold fever’ during a gold rush. The international firms can not know what really goes on ‘behind the scenes’, during a real estate purchase, beyond attaining a superficial perspective and understanding.

       

      With more than 30 years managing investments in Turkey, the professional service providers at mytapu.com do have a very clear idea, gained from advising on more than 3,000 real estate transactions for foreign investors. International citizenship advisory consultants may be interested to know this team at mytapu.com openly welcomes executing business to meet the procedural and business model criteria of their clients’ businesses… The professional service providers at mytapu.com are a reliable solution for preservation of clients’ wealth capital, and protecting international advisors’ brand value

       
      Inflated Transaction Costs are the Biggest Risk…

       

      There is no question, the biggest risk for an applicant to the citizenship investment program in Turkey, is the transaction cost risk. More than 85% of all foreign real estate investors in Turkey have over-paid for the property they purchased. The over payments occur in the form of apportionment of taxes, commissions, other related transaction costs, and the big one - hidden price mark ups.

       

      No citizenship investor in Turkey need be unduly concerned about the citizenship application risks. The program is very well designed, so that the risks are minimised, negligible, and nearly non-existent. This holds true for all the stages, of pre-qualification criteria, application submission, application processing, and passport granting.

       

      Brand Reputation of Advisors is being Destroyed…

       

      The primary, key risk is the investment risk, specifically the transaction management, and transaction costs. What happens when an investor discovers the price paid for a property is 10% to 20% above the market value, in a market where prices have been falling for three years ? The one thing that is sure to happen, is the dissatisfaction expressed to associates and friends, in their overlapping networks. That dialogue will destroy and is destroying international citizenship consultants’ brand reputation and value….

       

      Any doubt about how this works? The history of this collusion in Turkey is long and wide spread, over the previous decade, and may be ‘news’ only to the newly advising international consultants. The foreign investors have been complaining for years. Turkish developers' sales agents have long been the subject of criticism and litigation on this count, both in Turkey and abroad.

       

      The primary reason this occurs is because there is no regulatory framework in Turkey governing real estate purchasers by foreigners, and consumer protection laws are essentially very limited in comparison to many countries. In addition, the lawyers and estate agents and consultants based in Turkey, with the exception of top tier corporate consultancy firms, have no bonafide experience, knowledge, or expertise providing advice for investment, as the term has come to mean, in most OECD countries.

       

      In this way the international consultancy and the local Turkish counterparts they delegate to, are incapable of providing professional investment advice about how to manage various investment risks. These include the Turkish Lira currency risk, duration risk (3 years), liquidity risks, counterparty risks, contract risks, and the whole extensive range of risks related to purchasing a single residential property, or a commercial property.

       

       
      Preservation of investors’ Wealth Capital is Protecting Advisers’ Brand Value & Reputations…

       

      Fortunately the team of professionals at mytapu.com are the professional services arm for real estate investment of a foreign private equity investment management firm. The services provided adhere to the gold standard of best practice known as ‘London Standards’ in professional private equity circles. These institutional quality services have been provided to international investment fund managers, and are also offered to individual clients for single residential real estate purchases and sales.

       

      As professional investors actively advising Turkish and international corporates in Turkey since 1987, a wealth of know-how (knowledge, experience, and expertise) is available on non-real estate investments. These alternatives for citizenship investors in bank deposits, investment funds, and direct private equity investments, have many benefits. Eliminating Turkish Lira exchange rate risk is one  Diversification into more attractive investment returns is another. Assessment of investment fund risk, performance, and management. Managing duration risk, with the technique of switching the investment asset during the three years duration holding period is another. And there are more…

       

      International citizenship advisory consultants may be interested to know this team at mytapu.com openly welcomes executing business to meet the procedural and business model criteria of their clients’ businesses…. With more than 30 years experience in Turkey managing direct investments, capital market and investment fund investments, and more than 3,000 real estate transactions for foreign investors, the professional service providers at mytapu.com are a reliable solution for preservation of clients’ wealth capital, and protecting international advisors brand value.

       

      Enquire today to learn more by email to info@mytapu.com and include a WhatsApp or Viber number to receive a complimentary call back…


       Additional Reading for Investors:

      Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


      Residential Property Investors Tool-Kit for Turkey

      Property Finders Service Istanbul and Coastal Turkey,

      Citizenship Investment in Turkey 

      Conveyancing

      The One Source for Every Turkish Mortgage

      Legal Services for Property Matters in Turkey

      Advice for Property Matters in Turkey 

      Valuations

      Property Price Histories in Turkey


      Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…






      Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...

      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!




      #mytapu #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


       

      #CitizenshipInvestment #Turkey #CitizenshipbyInvestment #PropertyTurkey #RealEstate #costs #TransactionCosts #Commission #Fees # PriceMarkups

       



      ]]>      Thu, 23 Nov 2023 14:17:00 +0300      <![CDATA[Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates]]>https://www.mytapu.com/blogs/post/Turkey-Residential-Real-Estate-Property-Market-Outlook-Trends-Forecasts-Turkish-Lira-Exchange-RatesResidential Property Prices in Turkiye...An overview of past price trends and future expectations...]]>

      Why consider past price history ? 

      "We study the past to understand the present; we understand the present to guide the future." - William Lund 

      Turkiye: Property Price Increase 2019-2025: A Specific Example...click here....

      Turkey Residential Real Estate Property Market Outlook Trends, Forecasts, and Turkish Lira Exchange Rates June 10 2020
      Turkey Residential Real Estate Property Market Outlook Trends, Forecasts, and Turkish Lira Exchange Rates June 10 2020


      The Big News for Property Prices in Turkey June 1 2020 was...


      At mytapu.com, our leading indicator of Turkish residential property prices has been very strong in the most recent two week period, increasing 30%. This has been unexpected in market conditions surrounding the pandemic, which are negative for property prices because renters’ ability to pay is reduced, and as rents decline, landlords sell, and new buyers postpone purchases.


      Now we know why the leading price indicator has been so strong. The news is that policy makers have imposed upon state banks to offer a new mortgage loan program with extremely favourable terms. The terms are so favourable, they are equivalent to the banks paying buyers and subsidising buyers to purchase a property. Turkey’s three largest state lenders and two of their Islamic finance banks have now announced that they are delivering mortgages with annual interest rates nearly 4% below the rate of inflation, and 13% below the average annual decline of the Lira in foreign exchange terms for each of the last three years... 


      Mortgage rates below the 'cost of capital', whether it be inflation or foreign exchange rate depreciation, has a certain result of attracting investment flows and driving property prices higher.


      Less than 12 months ago the mortgage rates in Turkey were a high as 24% When it became clear that policy makers intended to take the rate significantly lower, this economist forecast a reversal in the downward price trend. That forecast has materialised and prices are now moving higher. Before March the mortgage rates had declined to 12-14%. Today’s additional move down below 8% is another 30% decline and will most certainly have a large impact on the future trend of prices, higher.


      The Turkish Lira mortgage loans will have up to 15 years' maturity with interest rates as low as 7.68% simple straight rate (not compounded, AER or APR) % and a grace period of up to 12 months, with a low equity-down payment rate starting at 10%, in other words, 90% loan to value (LTV). The loan limit per customer will be TL 750,000 (approximately $110,000) to ensure widespread availability, and will be available for residences in three major cities, namely Istanbul, Ankara and Izmir, with a maximum of TL 500,000for other cities.


      The only impediment at this time is purchasers’ lack of down payment cash equity. This is likely to be overcome via family networks after some little time. The longer term impact is almost certain to be positive throughout the remainder of this year.


      Needles to say, some agents and developers have raised prices immediately. There should still be room to manoeuvre, and the experienced Transaction Managers at mytapu.com are happy to show you where to find and buy property in Turkey, and how to buy at a discount...

       

      The key point is that mortgage rates falling below 8% is likely to have a big impact on property prices, because 8% is a key mathematical threshold for repayment affordability. This was highlighted in this economists forecast of the Turkish housing market, published in Forbes magazine in 2007. The push by policy makers below the key 8% threshold is one further example of how mytapu is affecting policy making in the real estate market in Turkey. The other notable occurrence was the recent adoption by policy makes of new regulations requiring an appraisal report to be provided to foreign buyers of Turkish property, mentioned in this article Buying-Turkish-Property-Why-use-an-Eksper-Rapor.

      Turkey Residential Real Estate Property Market Outlook Trends, Forecasts, and Turkish Lira Exchange Rates 2016 to June 2020
      Turkey Residential Real Estate Property Market Trends, Forecasts, and Turkish Lira Exchange Rates 2016 to June 2020

      Turkey: Residential Real Estate Outlook,  June 1 2020


      Supply & Demand: 

      Demographic demand trends remain intact if a little softer then the previous two decades. Pent-up demand is ever present in the life-cycle segment, due to 3+ years of stifled disposable income, and un-inviting price declines. Supply is ample and abundant for the forseeable future. The market on-balance is likely to experience a series of short term upward price movements, each of limited extent, and limited duration.

      The Pessimistic Perspective: 

      The Long-term investment performance of residential Turkish real estate has been very poor, declining 34% in Lira terms during the last four years. At the same time the decline in the TL/USD exchange rate of 57% has increased the losses. Present day bounces off previous lows in both the Lira and property price indicators may be temporary, from the perspective of the long term trends, and the macro-economic challenges that effect exchange rates.

      The Optimistic Perspective: 

      Property prices during the COVID crisis retested last summer 2019's lows, and have bounced back up. This has occurred in an environment of completely negative news and sentiment. Only the decline in mortgage lending rates from 24% to 12% since last summer has been positive, as we forecast 12 months ago. In these circumstances it is probable that the bounce in property prices off previous long-term lows is signalling the long-term bottom has been reached. Similarly the bounce in the Turkish Lira suggests the long-term bottom has been reached. A look at the chart reveals the greater price volatility in 2017 as the upward trend changed downward, as we correctly forecast.  Likewise, the increased volatility of the most recent 12 months may be signalling the downward trend is changing upward. However, a word of caution is justified, because the macro-economic imbalances that effect exchange rates remain quite challenging, and an upward trend in the Lira remains very uncertain,  and explains the recent property price volatility.

      Conclusion:

      These considerations above do not mean that prices will move more than 20-30% higher immediately, but it is likely that prices will remain firm into the final half of this year. More likely is a continuing gradual uptrend that is frequently interrupted by occasional downward setbacks. These price declines should be used by investors to buy astutely at discount.

      The Investors Tool-kit: Buy Like a Local     Property Finder Search & Selection         Due Diligence    Conveyance & Completion

      The Smart Way to Sell    Presentation for Impact     Sell Online    Maximize Price

      Turkey Residential Real Estate Property Market Trends, Forecasts, and Turkish Lira Exchange Rates Feb 2020 update
      Turkey Residential Real Estate Property Market Trends, Forecasts, and Turkish Lira Exchange Rates 2011 to Feb 2020

      Mid February 2020 Update: Forecast Correct, Profits Accruing:

      February 15, 2020 For the first 45 days of 2020, the Turkish Lira has declined approximately 3.5% and Turkish real estate asset values have risen approximately 13% (leading indicator). This performance is in line with our existing market out look and forecast, updated below, and since last summer. The slight weakness in the Turkish Lira that was anticipated and has materialized, did not lead to further declines in Turkish Lira asset valuation. Instead, Turkish assets appear to be revaluing upwards, correlating to US Dollar valuations, which is a common occurrence at market bottoms. This is noteworthy, in the context of the overwhelming flow of 'bad news' in the market over he first 45 days of 2020. A market that moves higher when the news environment is negative, is a market that is relatively strong, changing trend, from down to up. The primary driver behind this change is the decline in interest rates. This decline in interest rates and upward trend change in property prices was accurately forecast by mytapu 8 months ago, last summer. All investment implementation (see below for strategy) since August 2019 that has followed these strategy recommendations based on these forecasts is now profiting from gains of 15-20% plus, proving successful. As the peak summer tourist season approaches, with seasonal peak hard currency tourism revenues, the upward revaluation potential of the Turkish Lira exchange rate increases. As these two trends are likely to remain intact, the expectation now is that the real estate market in Turkey will resume business as usual in September, with life-cycle transactions continuing after two years abatement. The market prices are likely to be showing stronger, in specific locations, and generally, firmer, not declining, despite the existing supply over-hang. Under these circumstances, new investors should continue to seek liquidity distress sales for discounts and be less demanding on purchase prices. Sellers should be inclined to hold their pricing firm, if they can endure a 3-9 month wait for liquidation.

      Turkey Residential Real Estate Market Trends, Forecasts, and Turkish Lira Exchange Rates Aug - Dec 2019
      Turkey Residential Real Estate Market Trends, Forecasts, and Turkish Lira Exchange Rates Aug - Dec 2019

      Aug - Dec 2019: Four Months: 
      No Declines in the Lira and Property Prices... 


      The outlook for property prices has improved significantly, up 17% in Lira terms since August, while the Turkish Lira exchange rate has been stable. This rise comes after President Erdogan’s visit to Washington D.C, where he had personal one-on-one meetings with five U.S. Senators, each on specific issues that trouble US –Turkish relations. As a result, the U.S. Senate blocked passage of key anti-Turkish legislation. The media apparently has been overly pessimistic on U.S.- Turkish relations, and after the Washington visit, asset values in Turkey began to revalue upwards. With a stable Lira, the prospects for property prices to move higher over the next 3 months into the spring appear promising. In the four months since August, the Lira is stable and has stopped going down. Residential real estate price indicators continue to fluctuate up and down, now breaking through the upper end of the valuation band. This is a typical occurrence at a market bottom. Investors should use weakness in the Lira over December and January to negotiate on property purchase prices. To ensure that negotiated prices are secured, it is necessary to close and complete on a purchase promptly, within 3 days. Avoid purchase contracts and reservation deposits..>! Ask why... Prompt completion requires Advance Preparation: bank account, tax numbers, identity documentation, and transaction authorisations. 


      Contact the Team at mytapu.com here, to learn more…


      Enquire today about what criteria should be included in your property search, by sending an email to info@mytapu.com and include a WhatsApp or Viber number to receive a complimentary call back…

       




      Residential Property Investors Tool-Kit for Turkey

      Property Finders Service Istanbul and Coastal Turkey,

      Citizenship Investment in Turkey 

      Conveyancing

      The One Source for Every Turkish Mortgage

      Legal Services for Property Matters in Turkey

      Advice for Property Matters in Turkey 

      Valuations

      Property Price Histories in Turkey



       Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…





      Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!


       #PropertyTurkey #RealEstate  #Turkey  #property #market forecasts #trends


      ]]>      Thu, 02 Nov 2023 14:31:00 +0300      <![CDATA[The Guide to Buying a Property in Turkey]]>https://www.mytapu.com/blogs/post/The-Guide-to-Buying-Property-in-TurkeyBuying the way local Turks buy will save in investor more and protect the investment better than following an agent's advice to buy with the procedure they want and using a local attorney...]]>
      The Guide to Buying Property in Turkey:
      The Guide to Buying Property in Turkey

      The List of Steps to Buying Property in Turkey 'the Local Way'... the 'MyTapu Way'...

      Step 1: Advance Preparation

      Step 2: Finding a Property

      Step 3: Negotiating the Purchase: Due Diligence

      Step 4: Conveyance of Title, Completion Payment & Discounts


      A Comparison of Buying Procedures: The Agents Way vs The Local Way


      Agents require:

      Paying a Reservation Deposit or Part Payment- to ‘Lock-in the Buyer ’ …

      Before Due Diligence, Legal Checks, Discounts, and Negotiating 'real' discounts…


      And Beware...the Lawyers referred by Agents or Developers have typically often agreed to share this hidden profit with the agents and are NOT protecting the Buyer...


      This is the way so many foreign buyers have come to own Turkish property that is legally defective without permits, and paid 20% - 30% over market prices...

      Local Turks do NOT buy property this way and neither should YOU...!


      Buy Like a Local…. A Safer, Smarter, Better Way… the mytapu way

      A ‘reservation deposit’ doesn’t reserve anything…under Turkish Law a seller can not be forced to sell a property to a buyer, even with a contract ! 

      The 'reservation deposit' is simply a misleading ruse for an Agent to obtain a partial commission in advance... and will cost the buyer time and legal fees to have it returned...

      A real discount of 5% discount off a price which has been marked-up in advance by 20% is not a 'real' discount... as the appraisal valuation report will prove...

      ‘Buying Like a Local’ means no reservation deposit, no price mark-up, no agent’s commission!

      Buying a property is a substantial investment –making 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. 

      The Guide...'Buy Like a Local'... How to Find and Invest in Property in Turkey a Safer, Smarter, Better Way...
      The Guide...'Buy Like a Local'... How to Find and Invest in Property in Turkey a Safer, Smarter, Better Way...

      The Guide...'Buy Like a Local' ... The Safer, Smarter, Better Way to Find and Invest in Property in Turkey


      Ten pages of expertise resulting from 30+ years investing in Turkey...

      Yours Free...!

      Get the Guide Today...

      Email info@mytapu.com requesting 'Please send The Guide...'Buy Like a Local'...

      Add your WhatsApp number for a Free callback....

      Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


      The Guide to Buying Property in Turkey

      Residential Property Investors Tool-Kit for Turkey

      Property Finders Service Istanbul and Coastal Turkey,

      Citizenship Investment in Turkey 

      Conveyancing

      The One Source for Every Turkish Mortgage

      Legal Services for Property Matters in Turkey

      Advice for Property Matters in Turkey 

      Valuations

      Property Price Histories in Turkey



      Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…







      Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...


      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!




      #mytapu #buy #property #Turkiye #Turkey #Legal #advice #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


      ]]>      Fri, 27 Oct 2023 13:54:00 +0300      <![CDATA[Obtain a 2nd Passport: No Travel, No Tax, No Residency Requirements]]>https://www.mytapu.com/blogs/post/Obtain-a-2nd-Passport-No-Travel-No-Tax-No-Residency-RequiremenUpdate on Citizenship application program requirements regarding physical presence ...]]>

      Citizenship Investment in Turkey...


      Obtain a Turkish Passport and all rights of a Turkish Citizen...without travelling from home was fortunately available during the pandemic...  as of January 2024 an applicants' presence is required in Turkiye for finger print registration,. Check with your advisor on how this may be done in your home country. Receive passports (head of family and all dependents under age 18) within 90 days for an investment in real estate, and much sooner for an investment in bank deposits, Treasury Bonds, and/or investment funds.

      No residency requirement, and no taxation on world wide income for non-residents.  

      The choice of investments include bank deposits, government bonds, stock exchange listed  investment funds, real estate, and operational businesses.  The holding period is three years, and the asset allocation and investment selection may be switched within that time period.

      The difference between the minimum investment requirement for real estate in comparison with bank deposits, funds, and bonds has now been reduced to USD $ 100,000 and these offer better returns, liquidity, and less risk...


      The professional investment advisers at mytapu have been guiding foreign investors in Turkey for more than 30 years. Our expertise is second to none, covering all regulatory, banking, legal, cadastral, appraisal, insurance, and financing requirements. Having served more than 3,000 investors on transactions totaling more than $5 billion, we welcome the opportunity to serve you, too. Contact us today at info@mytapu.com.

      Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


      The Guide to Buying Property in Turkey

      Residential Property Investors Tool-Kit for Turkey

      Property Finders Service Istanbul and Coastal Turkey,

      Citizenship Investment in Turkey 

      Conveyancing

      The One Source for Every Turkish Mortgage

      Legal Services for Property Matters in Turkey

      Advice for Property Matters in Turkey 

      Valuations

      Property Price Histories in Turkey



      Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…







      Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...


      Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

       

      At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

       

      Building Trusted Relationships is Building Our Business...!






      #mytapu #buy #property #Turkiye #Turkey #Citizenship #Investment #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


      ]]>      Sat, 12 Aug 2023 01:27:00 +0300