A potential purchaser, to ensure a trouble free purchase, can find information about reputable agents and developers. The AIPP (Association of International Property Professionals) website has information on such companies: www.aipp.org.uk.

It is advisable that the developer or agent being considered is a member of the AIPP. By joining AIPP a company agrees to be bound by its rules and ethics. AGM Properties is the only Turkish construction company to have been accepted as a Founder Member of the AIPP. A copy of the rules binding the AIPP members can be seen on their website.

Well located properties
AGM Properties, one of the largest construction companies in Mugla, Turkey. AGM has been designing and building property for the domestic and international markets in the Fethiye area for the past 10 years. AGM’s portfolio of key ready and off-plan properties range from apartments situated in lively seaside resorts to peaceful bungalows 15 minutes inland with large gardens and private pools.

All properties are in areas where it is legal for foreign nationals to purchase. Properties are also situated within one hour of the nearest international airport (flights all year round from UK airports).

Turkish living
There are a number of reasons for Turkey being a popular target for overseas investors; “property values increased 15-20 percent through 2007″ (propertywire.com). On 28th February, The World Bank announced it had approved a four year financing programme for Turkey which totals $6.2bn.

Economists believe that Turkey will continue to do well, and that within the next 5-6 years the country will be one of the most advanced in the world. The Turkish economy has grown on average 7 percemy over recent years, and inflation has fallen to single digits as compared to triple digits in the 1990′s.
In 2007 the Turkish government passed legislation allowing foreign nationals to be granted mortgages by Turkish banks, thus opening the market up to a larger range of investors.

This has resulted in increased demand for property in the tourist areas of the country.

Basic advice for
purchasers in Turkey:
1) Ensure that the company you are dealing with has bilingual staff.

2) Reputable companies will allow you to secure a property with a 2-5,000 GBP refundable deposit whilst contracts are drawn up.

3) Always use a solicitor – please be aware that this should be a solicitor practicing in the country where you intend to buy.

4) Check that the property is in an area that it is legal for a foreigner to own property.

5) Be clear about what is and is not included in the purchase price.

6) Ask about purchase tax, electric and water connection fees.

7) Ensure that your purchase comes with a building guarantee.

Ask how much this property will cost you to run, reputable companies will be able to give you an estimate for the first year.

9) Be aware that if you are not a British national you may not be able to purchase property in Turkey.

Useful information

For more details please call
+90 252 612 9586
or visit www.agmproperties.com