On 18 September, 2018, Turkish President Tayip Erdogan announced significant changes to the process of foreigners who are eligible for Turkish citizenship. The revised requirements mean that obtaining citizenship in Turkey will be far more relaxed for qualified foreigners. The full declaration was published in Turkey’s Official Gazette on September 19, 2018. A summary of the amended stipulations for...
Darren Edwards founder of Luxury Property Turkey, comments regarding the current ruling by the Government of Turkey that property sales and rental agreements must be in Turkish Lira,it’s important to note that the official gazette has announced that non-residents and Turkish nationals residing outside of Turkey are exempt from this law! This continues the government approach of being pro foreign...
Darren's staff caught up with him outside of his Yalikavak real estate office on the way to a juicy lamb kebab to follow up on his opinions of the latest investment opportunities in Turkey. Darren - as wanna-be real estate speculators who work for you, we want to know as a long term estate agent specializing in Turkey, what would you buy with 250,000 Euro, 500,000 Euro, 1 million Euro, or 10 million Euro,...
Having just completed the purchase of a property in Yalikavak, we can make the highest possible recommendation for Darren and Deniz at Luxury Property Turkey. We previously had a frustrating and unsuccessful search in Tuscany, which made our positive experience in the Bodrum area all that much better for us. From the initial contact, through the search, the close, and the post-sale, Darren and Deniz have...
Luxury Property Turkey has received a flurry of enquiries this week regarding the decline of the Turkish lira in mid-August, 2018, and LPT Founder Darren Edwards explores the reasons behind the fall, and how such currency fluctuations can serve as excellent investment opportunities, especially for contrarians. The lira took its biggest hit last Friday, 10 August, 2018 following Trump’s notorious...
Many Luxury Property Turkey clients invest in Turkey for long term returns and do not use their property as a primary residence, yet love the geography, weather, land and shopping opportunities available on the Aegean and Mediterranean coastline. Did we mention Turkish food? Salivate over real Turkish cuisine. Few international restaurants can capture the beautiful, deep, fresh flavors of...
What is your most unusual new request for the 2018 real estate market compared to past years? While more a trend than a request, we are receiving many more buyers from the Middle and Near East. These investors are used to a very high standard of service. In response, Luxury Property Turkey has increased our level of pre and post-purchase services significantly. For example, we now provide full...
The recent 4 day, multi-million dollar between Rahil Gupta and Harshita Agarwal is another example of how the well-to-do continue to convene on the Bodrum Peninsula for high-end events. The colorful wedding included the private rental of a Turkish Airlines A330 Airbus for 250 guests, as well as booking an entire 5 star venue exclusively for the duration of the lavish ceremony. Relations between Turkey...
Today we're in a traditional Turkish coffee house sipping away at a strong brew. Darren's caffeinated and ready for questions Are investors gravitating towards Bodrum’s traditional stone house designs or a more modern (Philip Stark) look? The modern look is certainly very much in vogue. Today's demand is smart technology single story villas with very clean lies and ample glass to maximize...
Catching up with Darren Edwards of Luxury Property Turkey over a morning coffee at the Yalikavak Marina, potential investors actively posed the following questions to him: How does the luxury real estate market along the Aegean and Mediterranean coast of Turkey currently compare to 5 years ago? Reflecting back upon five years ago, my client would have purchased a beautiful villa with a pool in a good...