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Istanbul Turkey apartments
It has been a while since I last posted and have been busy with many projects. Some of them are directly related to apartment rentals in Istanbul and some projects are again marketing focused but with no relation to property rentals. When started, this blog was planned to have multiple authors posting related content. It is about time some of us contribute more by publishing our experiences and vision about the rental apartment industry in Istanbul and in other cities of Turkey. Much happened in the past year and new posts are on the way. Stay tuned.
Besiktas has always been a central location with easy access to almost all popular places in Istanbul. However, with the opening of Siraevler Akaretler, it is now also a prime 
neighborhood to reside at. Siraevler attracts attention with its hi-end fashion stores, restaurants, cafes, residences, offices and the reknowned W hotel in the middle of the mixed use compound.
Fashion stores include well-known brands such as Jimmy Choo, Cornelliani, Bottega Venetta, Paul Smith, Marc Jacobs, Etro, Fred Perry and leading Swiss watchmakers such as Piaget, Chronos and many others. The rents for the retails stores change between 100 and 120 Euros per square meter depending on the size of the store. Continue reading
As a part of the 4th stimulus package announced by the Turkish government, the private consumption taxes were decreased for a variety of goods or services including the value-added taxes for properties that are larger than 150 square meters.
As a part of this program that had to be announced due to the effects of the global crisis will be in effect for a period of 3 months until June 15th of 2009. The previous 18% tax that was implemented for properties larger than 150 sqaure meters is now decreased to 8%.
Although this reduction did not directly help recover the real estate market and return to its glory days back in 2007, it definitely helped increased the number of transactions. It motivated some buyers who were already planning to buy these types of properties to go ahed and complete the transactions. If you are planning to buy a property anywhere in Turkey that is larger than 150 square meters, it might be good time to complete the sales within the 3 month period before June 15th and take advantage of this reduction.