Creditlimit
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I understand now Johnboy, but dumb money has been earned the hard way (or given on credit) and shouldn't be discounted. I was at a meeting, actually a couple of days worth, where a major investment firm were harping on about making a "landmark" development, that it would be exclusive, that it would be for the "top end" of the market, that (and this was said in the presence of our diplomatic rep here) "your man who owns 10 taxis and wants a Spanish type place to treat his mates to beer and golf isn't the target market".
Can you list these other "many" related taxes?One point you should be aware of is that there is NO double taxation agreement in place between Ireland and Turkey. Any CGT will be subject to Both Irish and Turkish tax on top of the other related taxes, of which there are many.
Are you working with foreign property Auto? Just out of interest, because I've seen what my colleagues go through, even when I've had to translate docu's etc, ther are not so many mugs, although the glossy brochure crowd will still make their dodgy sales to keep their cars out of hock.
I would like to hear all about investing in Turkey
Why Turkey? Have you investigated other opportunities and taken independent advice? Mass production is currently flooding the market with cheap one-offers sure to be gobbled up by novice buyers. Don't stuff your purchase up by rushing into things.
Is it for your own use? Do you intend to share with friends and familty? Many buyers overstretch themselves and end up with something too big for their needs. It might be better to choose something smaller but with all the trimmings.
How will you access your purchase? The Turkey market is seasonal with limited flight.
.... Are you a turkish citizen living in Turkey?Because I live here I am blinded by positivie prejudice
No real investors are going to turkey -- it is the preserve of amateurs who seem determined to lose as much money as possible, as quickly as possible.
A lot of the hype around Turkish property related to that country's proposed accession to the EU, not that that means anything if the fundamentals are flawed, but even that now seems to be on extended hold following recent pronouncements from Brusels.
The reality about markets like this is that they are for the unwise and the inexperienced; the smart money stays away.
No doubt a flurry of responses will say different; in my humble view these will have a couple of things in common:
1. They have already bought and are in denial about the prospects.
2. They are involved in selling this garbage!
The war against Irak is running in the name of christianıty and God in the USA as well.
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