The new Turkish currencies to come into effect as of the 1st of January, 2009, have been introduced to the public.Special features of the new currencies
The smallest banknote will be 5 TL, the largest denomination will be 200 TL.There are three different portraits of Ataturk on the currencies.The currencies will carry photographs of Ataturk with [...]...
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U.K. home sales fell in September to the lowest level in at least three decades, led by London, as the financial crisis prompted price drops across the nation, the Royal Institution of Chartered Surveyors said.
Estate agents and surveyors sold an average of 11.5 homes in the quarter through last month, the least since [...]...
During the first 8 months of the current year, the foreign exchange incurred by property sales totals to about 2 billion dollars. This amount was 1,8 billion dollars during the same period last year and 2 billion 88 million dollars in 2006. Property sales to expatriates will become even more significant due to existing crisis. [...]...
The Draft Law of Obligations will amend the relations between the landlords and the tenants.According to information furnished, the deposit will be limited to the rent for 3 months. The landlords will have the right to inspect their rented houses. The Turkish Law of Obligations covering 649 clauses is presently being reviewed at the Justice [...]...
After introducing its Tiggo3 and Alia models to the Turkish fans of automobiles, Chery will present its Kimo model to the Turkish market.
Chery Kimo will be displayed at the 2008 International Istanbul Automobile Fair by the Mermerler Group and will be on the Turkish market early in 2009.
Chery Kimo is worthy of attention in various [...]...
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The government has initiated efforts to simplify procedures and minimize formalities hindering real estate purchases by foreign buyers in Turkey, the Anatolia news agency reported last week.
Representatives from the Finance Ministry, the Ministry of Public Works and Housing, the Interior Ministry, the Ministry of Industry and Commerce, the Treasury Undersecretary, the Land Registry and [...]...
In Mugla, playing host to prominent tourism centres, unexpected tax and other inspections are becoming history prior to approaching tourism season. The establishments will be advised beforehand and an appointment will be taken for the inspection.
Dr. Ahmet Altıparmak, the Governor of Mugla, announced that in prominent tourism centres such as Fethiye, Marmaris, Bodrum and Datça, [...]...
There has been a regression of 35 per cent in property prices. Fatih ELİBOL, the Deputy General Manager of TURYAP Construction Inc., pointed out that it was the right time to buy real estates for those who had ready money, warning the prospective buyers to choose a completed construction.Due to global crisis, there has been [...]...
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The Aegean and the Mediterranean coastlines are worth a visit for tourists with historical works of art from civilizations dating back to centuries, as well as with beautiful sights during summer month. Those wanting to be engulfed by nature and the sea also have a chance to enjoy the ever-lasting Anatolian panorama among historical ruins. [...]...
Will I be refunded the BSMV which I paid for my housing credit?If the consumer wishes to be included in the mortgage system, the BSMV will be deducted from the instalments he will pay after the 5th of June. For a credit of 100 thousand YTL for 20 years, this means a decrease in payments [...]...
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