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What to expect in 2013 for Istanbul property

Posted: Mar. 6th, 2013  |  By Michael Pearse
Property in Istanbul
Colordarcy

Property Laws are always a bit confusing as this is they way they where intentionally made. Luckily Istanbul has many places dedicated to help decipher theses text. They will help uncover the ruth behind property taxes and there rule per request. 

However, there have also been some significant changes to the rules on tax and foreign investment in the past 12 months which may have an impact on prices in 2013 according to the firm according to Colordarcy.

Median property prices in Istanbul have risen from $771.30 sqm to $942.6 sqm according to Gyoder research highlighted by Colordarcy.

Loxley McKenzie Managing Director of Colordarcy commented, "One of the key drivers for the boom was the Turkish government’s decision to open up the market for foreigners in 2012 by changing the rules on reciprocity which enabled people from more countries to invest."

Property Laws are always a bit confusing as this is they way they where intentionally made. Luckily Istanbul has many places dedicated to help decipher theses text. They will help uncover the ruth behind property taxes and there rule per request. 

However, there have also been some significant changes to the rules on tax and foreign investment in the past 12 months which may have an impact on prices in 2013 according to the firm according to Colordarcy.

Median property prices in Istanbul have risen from $771.30 sqm to $942.6 sqm according to Gyoder research highlighted by Colordarcy.

Loxley McKenzie Managing Director of Colordarcy commented, "One of the key drivers for the boom was the Turkish government’s decision to open up the market for foreigners in 2012 by changing the rules on reciprocity which enabled people from more countries to invest."

Read More on prweb.com

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