Prices in real estate property buying either for business or residential use have soared sky high, while resale values of previously owned properties have declined. Increasing interest rates on mortgage have pushed other homeowners to apply for a second mortgage plan or home refinancing plan to keep up with monthly mortgages, fees, and sometimes even used to cover other expenses.

With the soaring prices of acquiring real estate properties and with its low resale value, more and more people are opting to rent properties instead of purchasing. The practicality of renting properties over the years has gained acknowledgement both in the business and residential categories. Signing a lease requires lesser upfront charges as compared to making a downpayment for a real estate property. This scenario is ideal for new families who need not use a big chunk of their savings for a home.

Start-up businesses would also benefit from opting to lease a space. Owning a property will tie-up their funds instead of allowing them to invest on other revenue generating endeavors. The two mentioned above are simple examples, any type of family or type business should also consider renting for many other factors. One important factor that should be considered is location. Real estate properties situated in prime locations are expensive.

For residential properties, a family would of course want to reside in a location that offers proximity to schools, hospitals, commercial establishments, and other institutions. Buying a home that offer these characteristics would cost a fortune while acquiring a residential property in a prime location through a financing plan will definitely eat up a huge chunk of the family’s monthly generated income. Renting a place that can satisfy these requirements will only cost the family a fraction of the expected monthly mortgage value. For businesses, location is important for the business to grow.

A business establishment must be within a prime location that is near its target customers. Signing a lease for a prime commercial space will allow the business to enjoy a lower monthly overhead as compared to covering monthly mortgage fees. Renting allows business owners to maximize capital and generate bigger profits.

Renting also provides the simplicity of fixed monthly costs. You can be assured that no other fees and interest charges will arrive within the span of the lease. This works especially well for families who have an expected fixed monthly income. For businesses, it allows business owners to project their expenses within a set time frame.

Renting also allows the flexibility of choosing the cost of the monthly rental based on the income bracket. It allows businesses to project costs that may affect pricing of their products or services. Maintenance costs for real estate properties also surmount to a huge amount. For leased spaces and homes, maintenance costs are often covered by the lease contract.

It allows you a worry free stay incase there are some minor or major repairs that can be done like electrical, plumbing, roof repairs, and other fixtures that come with the space. Rental fees are tied-up at a specific time-frame depending on the lease offer or on your preferred time span for the lease so that you can be assured that there will be no abrupt changes in monthly rental fees within that span.

This protects you from unexpected costs that often home owners with mortgage finance plans experience due to fluctuating market rates. In extreme case, if ever rental fee does go up, you can always choose to move to a new place that can offer you a lower monthly rate. Renting offers plenty of advantages for families and business. It allows the practically of having to choose a home or an office space without having to invest a huge amount and allows the flexibility of choosing a prime location that is most suitable for your needs.

You can find or rent your properties in Altinkum with Altinkum Property Rentals and enjoy the hassle free online property advertising however if your properties in Akbuk just visit Akbuk Property Rentals now.

Where to Find Rental Ads in Altinkum Akbuk

The local paper is always a good place to start. However, today, most people want to look for their rental units through online services. This is a fine option, but it is very easy to be mislead through these postings. Those sites that are subscription based, asking you to pay a small fee for a month of viewing, tend to screen their listings the best. Sites like Craigslist that allow for unlimited free postings result in frequent problems. Many times, the postings are expired. If you elect to use a free site, never pay money up front and never go to view the property alone. You can always check Altinkum Rentals on Didim Today and other local site however our resources show that one of the mostpopular site is Didim Today and offers free advertising, you just need to contact admin and they will do the rest for your Altinkum Property Rentals.

When you read the description of a property up for rent, you should not be distracted by words like “hard wood floors” or “upgrades.” While all of these items are nice, none of them are necessary. Instead, focus on the description of features in the residence that make it more livable and safe. Landlord who pay close attention to safety codes will make adjustments to their property, and they will advertise these adjustments. Well-maintained properties advertise updated lighting, plumbing, windows or security doors. These features are not flashy, but they are actually more expensive to upgrade than surface changes like new appliances. They are also the features that will keep you safe and healthy in the apartment.

A landlord that places advertisements in every single location in order to rent an apartment may be desperate. You should look for landlords that have exclusive listings, electing only one or two sources to advertise their unit for rent. If you find the same unit advertised repeatedly on a single website or across websites, you can begin asking why this unit is still for rent given the vast amount of information about it. Quality rental units are often only advertised once before they are swept up by quality renters. Exclusive listings are your best bet for advertisements that are accurate in their description of the actual property.

Speak with Neighbors in Altinkum Akbuk Turkey

Show up a few minutes early to any viewing of the property to see if you can speak with some of the neighbors. You do not have to ask a lot of questions to get a lot of information. For example, just asking, “how long have you lived here,” can reveal a lot about the property. If the neighbors have stayed put for years, then you can be assured they are happy with their experience, and the advertisements you read are true. You can also learn what type of neighbors live in the area, giving you an idea if you will fit in.

You can always advertise your property, villas, rentals here for free and other that like Turkish Villas Finder and many more like Didim Today.

Currently, they have built villas and apartments for sale in Altinkum and other smaller cities as part of the properties of emerging companies in the area. This is a brief history of a city that has transformed the very fertile land into a thriving real estate business, to welcome more foreign tourists, attracted by the sunny climate and fascinated by the exotic lifestyle in Turkey. Currently, Didim property values have increased dramatically as foreign buyers to follow the example of football started by local entrepreneurs and are increasingly interested in buying a house or apartment for sale in Altinkum.

Didim is growing rapidly into a holiday resort completely different than it used to be 10-15 years ago welcoming large population of tourists with its beautiful beaches, ancient churches and temples, and traditional culture.

Didim has its own microclimate and benefits for hundreds of days of sunshine a year and warm winters, allowing tourists and foreign residents as a result of Didim property to enjoy the famous beach even in January. Geographically speaking, Didim is much closer to the ancient towns and natural wonders that most resorts in Turkey and that is another key, which advises the district in the eyes of tourists. There are many things that tourists and foreign residents can do in Altinkum and swim until sunset.

But the main attraction in Altinkum, as elsewhere in Turkey, is the traditional Turkish bath. The Turkish bath is something you have to experience the lovely hot sauna where you feel dizzy from the heat, hot table, where before reaching a clutch and a soap massage. After a visit to the Turkish baths, you can just feel relaxed and energized at the same time.

Altinkum means “golden sand” and both as a tourist or an investor interested in a property in Didim or apartment for sale in Altinkum, you can quickly see how the city got its name. Altinkum beaches, affected by the gentle waves of the inviting turquoise Aegean Sea. You can also discover the natural coves and bays by boat trips arranged.

The boats leave from the port every day in the summer season, which begins in early May. Water sports, diving courses, fishing excursions are also available. The adventurous can explore the region through travel agents who organize tours to Lake BAFA, Akkoy fraction (or the “White People” as the local houses are white stone), Didyma – Miletus – Priene – Ruins, Ephesus – House of the Virgin Mary, Pamukkale, known by the Turkish people as the 8th wonder of the world, and many ancient place, each with an extraordinary story.

Altinkum is a local resource and easily find casual and relaxed in their attitude towards tourists. By the time you have to know, there’s nothing better than enjoying chatting over a glass of apple tea in Turkey, famous in all restaurants and bars are here, offering an international menu and organizing special evening Turkish Turkish food. Turkish Dance, belly dancing and everything.

Overdue debts for utility services: In order to get rid of any unwanted situation regarding the overdue debts for utility services, you are recommended to put special clauses in the sale agreement by stating that the seller will be responsible for all overdue debts incurred by the date of sale.

Current Tenants : If there is a tenant staying in the property you like to buy, you are advised to check the tenancy contract. In some cases, you’d better see the tenant. Furthermore, please check whether the tenant has given the seller an evacuation notice or not. If he has given a notice, then you ought to check whether the dates stated in the Sale Contract and the Evacuation Notice fit properly.

Double Checking the Registry Records : When you are offered a property, please compare the information relating to the property which sellers declared to you to the local title deeds registry office records. In other words, please double check the title-deeds belonging to the seller to see

Whether the actual address of the property and the address shown on the Title-Deeds are the same,
Whether there is more than one owner (if so, make sure that all shareholders comply with the sale),
Whether there are special clauses on the title-deeds which prevent the transfer of ownership owing to a long-term debt owed to a bank.

Appropriateness of the building: According to current legislation, all buildings have to obey the construction and earthquake-proof regulations and official plans. In this regard, you should double check whether the building has been built in line with those arrangements. In other words, you should ask the seller to provide you with the `Use of Building` Permit ( “Yapi Kullanim Izni” in Turkish.) issued by the local authorities.

Buildings under construction: If you are to buy a building under construction, make sure that the contractor is financially viable and legally authorised. Furthermore, you are recommended to put some special clauses in the contract with the contractor such as a date of completion, list of materials to be used, indemnities etc.

Construction of a building on a land: All issues relating to construction of buildings/building rights are arranged by Construction Law No. 3194. According to the law, you can have a building constructed on your own land provided that, It is in line with the official Construction Plans and current regulations.
You obtain a “construction authorisation” certificate from the local governments.

With regards to the authorisation for building rights, if your land is within municipal borders, the relevant municipality authorises the construction. If your land is outside the municipal borders, then the relevant provincial governor’s office (“Valilik” in Turkish) authorises you.

Please bear in mind that you cannot construct any building on lands which are allocated as common places such as roads, green fields, and parks in the official Construction Plans. If you plan to buy a land and to build a property on it, you are advised to search for the relevant official Construction Plans approved by the local governments and regulations, and to contact the relevant local governments. Hiring a good solicitor would be beneficial at his step.

Residency Permits for Newly Constructed Buildings: A residency permit (“Oturma Izni” or “Yapi Kullanma Izni” in Turkish) is a document that shows the construction of the building has been completed in line with the authorisation given by the Municipality (Belediye). This document also includes the information regarding construction authorisation, completion date of the construction works, the land registry office records on the property, address & size of the property, specifications of the independent parts in the property, and the owners. Residency permit is provided by the Construction Licenses Directorate (Yapi Izinleri Müdürlügü) and Construction Supervision License Directorate (Yapi Denetim Izni Birimi) within a Municipality.

Without this document you can neither live in the property in question nor subscribe to the utility companies.

Required Documents

• Petition
• Copy of the title deeds
• A document to be gathered from local tax offices to evidence that the owner does not owe anything to the tax office.
• External Sewage Document (Water Utility Directorate of the Municipality provides with it)
• Turk Telekom’s suitability approval for future telecom connections
• Scientific Responsibility Report (“Fenni Mesul Raporu” in Turkish)
• Frontal photographs of size 13×18 cm
• If there is an elevator/lift in the property, guarantee & technical standards documents, engineers’ documents, supervision report, supervision receipts, application projects approved by the relevant chamber are also needed.
• Air-raid shelter report for the building where a shelter is designated
• Fire brigade reports for the buildings where fire exits are compulsory

Who can apply for it?

You or your agent (Power of Attorney holder) can apply to the aforementioned department in the municipality. As well as the documents listed above, please make sure the visas regarding the application, the base (zemin), the parts above the base (“su basman” in Turkish), heat insulation and general construction (kaba insaat).

What is the cost of residency permit?

An examination fee and the corresponding levy, which are very low compared to the European examples, are charged on the basis of the area (number of meter squares) of the property. The unit prices for these fees are updated periodically. Please contact the municipality in question for the updated figures.

Housing Co-operatives

Housing Cooperatives are legal entities established in line with Law No. 1163 and aim at providing their partners (or participants) with residential flats or houses. These entities are one of the most favorable methods of acquiring a property among Turkish citizens, who are generally at the middle income levels. Tax advantages and relatively cheaper loans provided by State organizations, great potential for economies of scale, and convenient financing requirements evenly distributed to a time scale extending to a couple of years are some of the appealing features of these entities.

However, right management of a cooperative is of high importance. The Board should assure a sound financial status and employing the right contracting company which will construct the complex is very crucial. Unless a good Board which is composed of trustworthy and talented people is in office, the designated targets may not be attained.

In this regard, if you are planning to purchase a flat, house or villa on a complex, as a part of a cooperative, you are strictly advised to search for all important and relevant aspects. You can hire a professional to do this on behalf of you. In case you need professional help, please be sure that you assign the professional in question through a sound Power of Attorney.

The following information briefly explains how cooperative mechanism works.

A cooperative has to have at least 7 partners (or participants or members). The Articles of Association (AA) has to be stamped by a notary public and to be registered to the Trade Registry. The followings are to be clearly stated in an AA:

• The name and address of the cooperative,
• Purpose and activities of the cooperative,
• The conditions which cause participants to lose their partnership,
• Shares of participants,
• The degree of the rights and liabilities of participants,
• How the cooperative can be represented,
• Methods for how revenues and expenditures accrue,
• Names and addresses of the founders,
• How contributions will be made by the participants,
• Other issues, where applicable.

Cooperatives have to arrange ‘partnership notes’ in the name of each partners and these documents have to be signed by participants and the representatives of the cooperatives. These notes are delivered to the partners and indicate that the note holder has a legal partnership in the cooperative.

Main decisions regarding a cooperative’s activities are made by the General Assembly, composed of partners. Usual General Assembly meeting has to be held within a period up to 3 years following the previous meeting. Participants are officially invited to General Assembly meetings by the people authorised to represent the cooperative. These representatives are selected by the General Assembly.

Bringing the partnership to an end is allowed by the Law. In some cases, there might be some special time restriction clauses in the AA. AA may envisage that partnership cannot be brought to an end within a period up to 5 years following the date of partnership. If any force majeure conditions are specified in the AA and a participant falls in a force majeure, then he is exempt from such time restriction. Partnership rights can be transferred to others or sold out. According to the regulations, any partner is allowed to ask the Board of a Cooperative to provide him/her with the information about the financial status of the cooperative.

A cooperative dissolves if

• All works envisaged by the AA have been materialized and the properties have been registered in the names of the participants.
• The General Assembly decides upon that the cooperative will no longer continue.
• Bankruptcy is declared.
• Relevant Courts have made a decision to dissolve the cooperative.
• Another cooperative takes over or purchases it.
• Usual General Assembly meeting has not been held for at least 3 years.
• The relevant ministry finds out that the cooperative can no longer attain the designated targets.

The meanings of the terms appearing on a TAPU are as follows:

Term Meaning

Ana Gayrimenkulun: Description, location and cadastral coordinates of the main land
Ili: Province
Ilçesi: Borough, district or town
Mahallesi: Parish, quarter
Köyü: Village
Sokagi: Street, avenue
Mevkii: Place
Pafta No: Pafta Number
Ada No: Plot Number
Parsel No: Parcel Number
Niteligi: Feature (whether it is a building land, vacant land, or cultivated land…)
Yüzölçümü: Area/size of the land (summation of the figures shown for the three pameters below should add up to the total size of the main land)
Ha: Hectare (=10.000m²=2,47 acres)
m²: Meter square
dm²: Decimeter square

KAT MÜLKIYETI: Ownership of the independent unit which is ready to use (flat, house, office etc built on the main land)
KAT IRTIFAKI: Ownership of the independent unit which is not ready for use yet (either because of an on-going development/construction work or due to the fact that usage permit from the municipality has not been gathered yet)
DEVRE MÜLK: Fractional/timed ownership (the independent unit is owned just for a certain period of a year)

Bagimsiz Bölüm: ~Information about the Independent Unit (the property subject to the use such as a flat, house, etc) on the main land
Satis Bedeli: Actual purchase price of the property (Make sure that actual amount is written in this section. Otherwise, you may encounter very serious legal problems including being accused of money-laundering and/or be subject to severe financial penalties due to a tax evasion. Please do not forget the collect the documents to justify that you exactly paid this amount to the seller)
Arsa Payi: Land share (what proportion of the land belongs to the independent unit)
Blok No: Block (Building, Mansion, Lodge, Court, House) Number
Kat No: Floor No.
Bagimsiz Blm No: Independent Unit Number
Edinme Sebebi: The reason why the property is being acquired (From whom to whom the property has been sold and any other relevant explanation)
Sahibi: Name(s) of the current owner(s)
(More than one person can own the same property. In this case, their respective shares are to be shown in this section. The respective shares are illustrated in terms of the proportion of the main land.

For example, suppose that a flat which possess the ownership of 10/456 of the main land on which the complex is based and that the flat is to be owned by three person named AB, CD, and EF with shares of 20%, 30%, and 50%, respectively. Then, these names and their respective shares are shown on TAPU as follows:

AB: ab: 2/456 hisse,

CD: cd: 3/456 hisse,

EF: ef: 5/456 hisse,

where the word “hisse” means “share” and “ab”, “cd”, and “ef” are the names of fathers of those persons)

The remaining sections at the bottom of the TAPU are for official use only. The TAPU has to be sealed with a stamp in the central part at the bottom and this section has to be signed by a TAPU officer. The picture(s) of all owner(s) is (are) to be suffixed to the top-right of the TAPU, it (they) has (have) to be sealed with a stamp and signed by the TAPU officer mentioned above

How to check the details?

Whether a property does belong to a person can be checked through the pictures and names appearing on the TAPU. If the TAPU is a Xerox copy, then make sure it has been ratified by a notary public. Otherwise, a fake TAPU might have been handed over to you. With regards to the names, you can ask for the ID card of the seller(s) and compare the TAPU to the ID card in terms of names.

Whether cadastral/map coordinates on a TAPU are genuine can be double checked by means of a private cadastral or a civil engineering bureau.

Furthermore, one can ask the TAPU office to put an annotation (Serh) on the TAPU so as to specifically prohibit an unwanted transaction regarding the ownership. Unless the conditions described in the annotation are not met, the property can neither be sold out nor transferred into the names of third parties. Also you can  get alot of more information about property in Turkey and laws by visiting Turkish Ecenomy Forum now.

Why buy or build in Altinkum Akbuk ? We have a lot of fact that Altinkum can be good investment resort for property developers and construction companies.

Already a lot of British people has property, villas, apartments in Altinkum Didim and Akbuk however we will like to show and let you know that special, secret of Altinkum Didim and Akbuk.

Altinkum is a resort town on the short of the Aegean Sea in Turkey. The town has three main beaches and is popular with both British and Turkish tourists along with Germans, fact that Didim Altinkum is popular with Turkish tourists makes investing in property in Altinkum Didim a good choice as Altinkum property appeals to both the foreign and the domestic market, doubling your potential for rental opportunities in the resort.

If you are looking for a holiday home rather than an investment property you might need to visit and see beatiful Akbuk Bay. Altinkum means golden sands and with its gold sand beached sloping in to the sea it’s easy to see where it got its name.

Altinkum has another two more beach which is Third Beach, Second Beach however Third Beach might be called Marina Beach in the future when port, marina goes live in 2009 in Altinkum Didim.

Low living cost and crime rate
Great Temple of Apollon
Altinkum has golden sand beaches
Altinkum Yacht Marina Port will be ready and open in 2009
A lot of local stores, supermarkets, markets
Easy access to Bodrum, Kusadasi, Izmir, Soke, Gumbet, Milas
Altinkum is only 1hour 15 minute from Bodrum Airport,
Sunshine full 8 months and very cool winters ( No Snow )
Altinkum Villas and Apartments very good for rental all year round
Friendly local people and speaks english
Cheap furnutires, house white good shops, carpets
Has a lot of Turkish Baths, Barbars
Altinkum has Aqua Water Park
Horse Safari, Jeep Safari, Jet Ski, Banana Boat, Speed Rings
Daily Boat Tours to five island along with delicious lunches,
Property market and Estate Agents
Golf Course is planned
Dolmus and minibus services to Bodrum, Izmir, Kusadasi, Soke Market and Istanbul daily.
A lot of Bars, Night Clubs, Cafes with english, turkish music
Turkish, Indian, Italian, Mexican, Chinies Kitchen Restaurants,

many more facts that we cannot count here however we could only remember this and we know that you will discover more and more while you in Altinkum, Didim or in Akbuk.

Altinkum is a great place to buy an investment property with property prices increasing year after year yet still remaining within easy reach of most overseas buyers.

We feature literally some of the very best facts for buying apartments,property however a lot of estate agents, emlaks offers villas in Altinkum and Akbuk with some offering great guaranteed rental schemes. Altinkum Didim Today News 04/09/08 A Star reported Akbuk