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Turkey is considered to be one of the best overseas property destinations in the world. It is also one of the most visited nations, receiving 22.5 million tourists in 2015, a new record. However, things haven’t been all that perfect in Turkey recently, as the country had been terrorized by extremist forces.
There has been a series of large explosions in Turkey over the past 12 months. The U.S. State Department has recently issued a travel advisory to American citizens against a trip to Turkey in the present moment because of a serious threat from ISIS.
This has compelled many to want to sell their holiday home in Turkey. If you are looking for tips to sell property in Turkey fast, then you will find the information given here very useful and relevant indeed.
The first thing you need to know about Turkey is that is home to one of the oldest civilizations in the world. Turkey has a rich history and a diverse culture. Istanbul, the capital of Turkey is often referred to as the cradle of civilization.
Istanbul is one of the oldest cities in the world, but is today a very modern place and is considered to be a world class city. Indeed, Istanbul is one of the most popular cities in the world, receiving a record 15 million tourists last year.
So which are the places in Turkey, where your property is likely to fetch the highest price? Bodrum, Alanya, Antayla and Kusadasi are very popular with tourists and the holiday homes here fetch a premium price as well. Fethiye and Side are popular with overseas property hunters as are the cities of Antalya and Istanbul.
Turkey is very popular foreign investors, who bought over 20,000 properties here worth over $3 billion in 2015. The Turkish government has been very encouraging of foreign investment in both residential and commercial properties in the country.
One of the advantages foreign investors have in Turkey is that there is no double tax on the Turkish properties that are sold. In many countries around the world, you will need to pay a double tax on the property being sold – in the country where your property is located and in your home country. So if you’re looking to sell your overseas property in Turkey, you will be pleased to know that you won’t lose much on the taxes.
The best tip anyone can give you on selling your home in Turkey is to hire an UK or Irish estate agent specializing in overseas property. The reason for this is that very few local agents in Turkey know how to promote your property overseas and to market it to cash rich Chinese, Russian or Middle Eastern buyers who are likely to pay good money for it.
You should know that there is a keen interest in Turkish properties from Chinese, Russian and Middle Eastern buyers. These investors generally prefer all cash deals and are usually in a hurry to complete the purchase as soon as possible. To attract these buyers, it is important to hire estate agents capable of marketing your property overseas, especially in these parts of the world.
For example, you will need to promote your property on Chinese and Russian websites, property portals, online forums and the social media. A Turkish agent cannot do this for you. Hiring an estate agent specializing in the sale of overseas property can make all the difference to your prospects.
Finally, make sure to price the overseas property attractively. There’s no point in getting too greedy as that would only mean that your home will remain unsold, as buyers today are very sophisticated and have all the tools as their disposal. At best, you should price your overseas home 5% higher than the average at which comparable properties in the neighbourhood are selling for. If you want to sell your property in Turkey fast and free from hassle to overseas property investors contact us today.