Posted by meb at March 23rd, 2008

The Revenue Board of Antalya, on the Turkish Riviera, has opened bids for immovable properties owned by the Treasury in the city to contribute to the Turkish economy.

In a public auction on March 27, 11 immovable properties in Antalya’s Manavgat district will be put up for sale. According to the sales announcements, the Treasury intends to sell 5,657 square meters of land for YTL 1.64 million ($1.31 million).

The land in Antalya’s Selimiye district, which has been put up for sale for YTL 267,000 ($213,000), includes the building permit for a hotel or holiday resort, while the land in Sarılar district, to be sold for YTL 1.37 million ($1.1 million), will become a trading area.

A total of 25 percent has to be paid at the time of the initial sale, and the remaining amount in a 24-month installment period with an interest rate of 0.75 percent. Moreover, the lands sold will be exempt from property tax for five years starting from the date they are sold.

Further information can be obtained on the Web site www.antalyadefterdarligi.gov.tr.

Source: Turkish Daily News

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