Real Estate Property Investment Series: Focus Turkey 2007

Turkey is an emerging nation with an incredibly diverse wealth of property related investment opportunity.

Turkey has a very young population driving local demand for real estate which cannot currently be met, it has foreign direct investment growing at record levels pushing up demand for commercial space and also boosting local purchasing power making room for growth in terms of real estate pricing, it has a rapidly expanding tourism industry with almost immeasurable room for further expansion proving that there is demand for short term rental property as well as holiday homes for sale and furthermore the nation is aligning itself politically with both eastern and western governments proving that Turkey in the very near future could become one of the most strategically important nations in the world.

In terms of local demand an investor could enter the property market just focusing on this target group. Half of the nation's population is under the age of 25, most live in Istanbul, Ankara, Izmir, Konya, Bursa, Adana, Antalya and Mersin, property in these cities is in short supply but investment is inward flowing creating jobs which creates further inward migration from the countryside of individuals looking for work and this creates the ultimate environment for an investor where demand is increasing, property units available are not sufficient to meet the demand forcing prices up and the local population is gaining purchasing power from better paying jobs suggesting they can afford real estate price gains and so an investor who buys into the residential property market in 2007 could reap substantial yields and enjoy healthy capital gains.

As stated foreign direct investment is freely flowing into Turkey now that the government has done all it can to attract it and nowhere is the evidence of FDI more obvious than in the property market. Massive investment is coming from Europe and the Middle East into huge residential and commercial projects creating employment and boosting the local economy. FDI is also holding up the travel and tourism industry which is under-funded by the government and which historically has relied heavily on the private sector. Investors are aware that the vast size of Turkey as well as its cultural and geographic diversity means that it can expand its tourism market multiple times. Currently it only really has a summer holiday market but efforts are in place to push Turkey as a business travel destination, a winter holiday hotspot and a cultural, eco and adventure tourism destination as well.

Already tourism numbers are growing annually and many of these holidaymakers are also buying properties along the coast in Turkey creating a multi layered market for an investor to look at from short term high yield rentals to the construction of properties for the retirement or second home market funded by affluent Europeans.

The final factor pushing up the appeal of Turkish property as an investment commodity is the fact that politically Turkey is developing stronger and stronger international relations. On the one hand Turkey is moving closer to EU entry and to that end the Turkish authorities have certainly done and are continuing to do all they can to align policies and decisions with those acceptable to the EU, and if EU entry comes then inward investment will soar even further. On the other hand Turkey already has an excellent standing with NATO, it already has good export levels in place with Europe and now it is positively aligning more and more with nations to the east of its borders.

In 2006 Turkey and the United Arab Emirates cemented political and economic friendship ties and Turkey remains an ally of many countries in Asia, it is a Muslim country without any shadow of fundamentalism hanging over it meaning it is a friend of Western countries from the US to the UK and as it shares cultural and religious understanding with many Asian and Arabic nations it is also a friend of countries to the east of it meaning it is incredibly well placed strategically for acting as a bridge between eastern and western understanding.

As you can see, all factors point favourably to the ongoing desirability of Turkey as a place to live, holiday, work, do business and invest and therefore 2007 is likely to be a significant year in terms of the levels of investment into property by international investors.

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Investment in property market

The real estate market in India is growing at a rapid pace. Investors are pushing the market to buy residential and commercial properties. Investments in real estate may be ready to go to share, or construction of buildings.

There are many projects ready to move on the real estate market, and living spaces such as apartments, houses, etc., are available separately. commercial spaces that are available include business centers and official space. Formto move the structure is quite expensive compared to the property under construction. The property to be open or under construction is cheaper, because the position of sales are still in development.

The market offers many types of equipment. Residential buildings containing a profitable investment houses, apartments manufacturer, independent floors, houses and independent villas and residential land. Investment in commercial property can be highshops, showrooms, commercial premises, which are highly profitable deals in those days.

The massive development across the city with a large influx of multinational companies. This was launched by multinational corporations, leading to large up-gradation of infrastructure in cities. Infrastructure development increases the demand for real estate in the city. The country has an obligation to construct facilities in the city.

Investment in the property market has seen rapid growthrecession in the post-globalization recession, the number of investors in the market, presumably descendants. The main reason is that investors have lost confidence in builders and developers. This is because the producers were not able to provide superior quality products in real time. Some customers did not deliver possession of the property, which is pending in the last 3-4 years.

Given the current market position, it shouldinvest or buy a flat in relation to the properties list just launched or under construction. Today, producers are promising companies belonging to 2-3 years for the projects launched recently. The final structure is a negligible risk of fraud, but the producers are not buying property a thorough investigation.

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Invest in Bodrum - Bodrum investment property

Bodrum is located near three major airports in Turkey - Izmir, Bodrum and Dalaman, and offers excellent investment opportunities due to the fact that it is probably the most popular tourist destination and easily accessible in Turkey, and the money is already available, leaving or your property in Bodrum is a small town on the peninsula at an excellent price.

The number of foreign assets in Turkey are required to attend a ten-fold increase over the next2 years, which in turn lead to higher property prices. By investing in real estate investors can now Bodrum ensure a good return for years to come.

One of the best places to invest, property values continue to Bodrum as planned centers, resorts, hotels and new measures to increase the wear in the years to come.

The city appealed to the rich with its marina and golf coursesRegion, Bodrum is also an advantage for the real estate market and invest in this sector, which to choose. Golfers from around the world have always been an important factor in the value of the property was, and golf is no exception to the Bodrum Peninsula.

Known as "Saint Tropez" of Turkey, is an area of outstanding natural beauty, with attractions like the castle of Bodrum, the treasures of ancient relics in their house museums, attractions and full of historical treasuresCovering 10,000 years, including the Mausoleum of Halicarnassus, one of the seven ancient wonders.

Bodrum is famous for its restaurants, a marina, the party atmosphere of shops, famous bohemian lifestyle, but throughout the peninsula, the various towns and villages have something different to offer. beaches, golf, nature, nature reserves, historic sites, diving, sailing, horseback riding and fertile valleys.

Tuzla is an area of expected highThe growth in the peninsula. 20 minutes north of Bodrum, only 10 minutes from the airport is the site of the first golf course in Bodrum Tuzla, which opened its doors in November of last year. Work began on the second and four golf courses are planned for construction in the years to come. Tuzla then become a golf course in Bodrum, attracting many home buyers and for them an excellent opportunity to earn a good income.

Bodrum is a place visited, the peopleagain and again and the dream of many people to own property. A typical feature of Bodrum is made of stone with a flat roof, usually two floors and courtyards. New features are often based on old fashioned, but once inside, there are conditions for a modern lifesteyle, including air conditioning and solar energy.

Turkey remains one of the cheapest countries in the Mediterranean region to buy property, and when the city of Bodrum is relatively expensive compared to otherThe parts of the peninsula of Tuzla, Torba, Yalikavak Gumusluk or more new developments offer great prices on probation plan property, prices are still affordable compared to Europe. For those who invest in Bodrum or one of the surrounding area, prices can start from 30,000 Euros.

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Financing investment property

finance investments in real estate is one of the first hurdles for potential investors ... The faces of the benefits and advantages of investing in real estate for the purpose of creating wealth are unclear, and no down payment loans, including the costs were free, of course, all would be an investor!

However, the message came from the global financial crisis, where banks like an umbrella, if everything went well, now removed when the rain begins. Fall

Ready for the assessment reports (the ratio of the loan, the lender is willing to take against the property value in advance) have taken a step or two back .... the heady days of not loud, not willing to invest the LMI, we believe that now restricted credit for at least 5% deposit plus costs.

Some of the top five lenders require a deposit of 10% if you are not already a customer ... Lenders Insurers also have an impact on creditCriteria. lenders mortgage insurance (such as Genworth) is the insurance companies, banks again to cover the risk of higher LVR loans.

These premiums are paid by customers as part of the cost, calculated on a scale of 80% to 95% LVR and can cost more than 3.5% of the purchase price.

It 'was the willingness of donors to the insurance company does not loan deposits that banks may have to provide insurance, but they have their own creditGuidelines, and there are times when a customer went through loans from the Bank was rejected only for the application by the insurer!

In the current climate, the problems of financial experts that the LMI provider asks for a savings of at least 5% in real terms, so that an amount equal to 5% of the purchase price of a natural preservation process must be served and must have accumulated in an account of at least 3 months. Some manufacturers now IMTConsideration of applications for credit scoring method mysterious ... no one can broker or the client was asked why he refused to say exactly that, a complex algorithm is applied to the applicant and the treatment in general, if the goal is not high enough in hand!

Real estate investment funds for the potential investor who has some of the existing shares in the property occupied by the owner must be a bit 'easier, but as always, lenders look for in largeQuestions from any application, security or fairness, before the supply of credit (no credit problems, its ability to meet existing debt), and marketing of disposable income servicing debt proposed Adequacy of proposed guarantee, etc. .

In general, try to source of financing real estate investments by investors of its existing creditors with equity in the house. This usually works, but if the portfolio is growing concern that the lender has noProperty packaged together, among all connected .... with a look of warning when something is always wrong, there is the possibility of creditors to act, it was considered appropriate, pending charges again ... In other words, what will sell the assets more attractive to recover their loans.

After various properties, such as all connected strongly complicates things if you do not want to sell a property.

Another possibility would beto another service provider who is willing to accept a second mortgage on the family home of 20% plus the cost of new home ..... take time to complete, is when the equity for use as investment property, that mortgage can be issued once the lender has adequate security .. the only problem is that there is sufficient capital in the family home, so that the amount of loans on two properties does not exceed 80% of values. Once the loan is over 80%, loans areMortgage Insurance and scenarios do not include here the second mortgage insurer.

For the individual, the average property, investment and financing can be a challenge, not only the question of who is responsible for the method of financing is also a question of how the structure of the loan. After all this funding mechanism is a production of business income, a number of aspects into account, at least not that effective checks and foundFlexibility for future expansions and acquisitions.

A good way would be with an experienced mortgage broker who has dealt with this type of equipment in the past .... I invite you to talk about his record in structuring and executing real estate investment loans, and suggest how they work together, loans and why. Only if you feel well knows what he's doing now!

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Homes without paying property taxes - a unique investment opportunity

If you have already invested in pre-foreclosure homes with little success, you can program to make your game and invest in residential property taxes not paid at the time of search. Why? One simple reason: rarely, if ever, hit by a mortgage.

Houses with unpaid property taxes are all tax beyond a certain number of things in common.

First, have the option of "saved" by the mortgage banks had. Usually, when a houseunpaid taxes and property are in danger of being sold at a tax sale is to get the mortgage company and pay taxes to maintain equity in the property. More often than not, including payments for mortgage, property taxes, so that the property taxes of the house indefinitely delayed.

Second, the fees have been paid for some time. Even if no code of State for the duration of a property with taxes before they are sold at the sale tax to do, which often go much longer withdiscretion of the county (sheriff, clerk, commissioner of taxes, etc.). After the fees are not paid on the amount of time that we can not guess the owner is willing to pay or do not have money, or simply do not know the property will be auctioned. (Sometimes not even aware that they are the property of his family!)

Finally, the most important thing they have in common is that they are a profitable investment opportunities. During the construction of thisSales tax is not always a good way to reach an agreement in homes without paying property taxes, you will receive competition from other bidders, which can often get these properties directly in your arms or without the owners interest in token amounts. The key is in contact with them shortly before the property is lost forever if you have nothing to sell, you lose.

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Turkish Riviera - What Makes It An Attractive Real Estate Investment Opportunity?

Standing between the Eastern and Western tradition, Turkey is now one of the hotspots in Europe. The Turkish Riviera, also known as "The Turquoise Coast" includes thousands of miles of shoreline, crystal clear waters, and it is literally covered with ancient cities, harbors, memorial tombs, beaches, coves, lush forests and rivers.

Purchase of properties located somewhere on the Turkish Riviera is becoming a profitable businesswith more and more homeowners and property investors from around the world. The combination of a favorable climate, warm sea, the hospitality of Turkish people, rich in natural and archaeological sites along the coast of Turkey, a popular destination.

One of the major cities of the Turkish Riviera is Marmaris, which is on the way to one of the most powerful European property markets. Marmaris PropertyOffices sell all kinds of property, including villas, apartments and houses, in addition to commercial properties and large land areas. The sea and sun, nature and history, together with several top-level ports to Marmaris property appeal to jet-to-let investors, tourists, lovers and sailing.

But still, what makes Marmaris real estate such a potential money-spinning investment? The short answer contains more keywords: price and liberal legal framework forabove and on the recruitment, beauty and climate.

The town of Marmaris is located at the meeting point of the Aegean and the Mediterranean port, surrounded by pine-covered hills. It is Turkey's most sophisticated and multi-faceted resort. This makes an inviting world for real estate Marmaris hotels and apartments for both leisure and business travelers. Marmaris has its own charm and extraordinary natural beauty, even though its traditional architecture has been less promotedalive, when compared to other coastal cities. In addition, Marmaris is a popular wintering location for hundreds of cruising boaters and tourists, including a regular Blue Cruise Travel, Yacht Charter with the Greek islands, diving tours and day trips to archaeological sites.In addition to all the travel services it combined are also ferries from Marmaris to the Greek island of Rhodes.

Given the natural beauty of the city location, it goes withoutto say that the yachting and tourism industry, the main source of income for Marmaris. In short we can say that Marmaris has become "the center Sailing Holiday in Turkey".

As is usually the case, tourism goes hand in hand with a thriving real estate industry, Marmaris and real estate market is no exception. There are all kinds of Marmaris properties available, either for sale or rent, from gorgeous mansions, stone cottages in the city central complexes sunny duplexApartments. Investors are keen to invest the opportunity to get prime land overlooking beautiful scenic areas such as Orhaniye Bay, where the famous Roman Abramovich recently decided to purchase.

After the start of negotiations with the EU, Turkey is experiencing economic growth, especially kick-started the boom in Marmaris property prices. Nevertheless, the Marmaris real estate market is comparatively much cheaper than real estate markets in Spain, France, the United States and Italy, all were once much better with the Jet-to-let investors.

The "live and let live" is certainly tempting to a lot of people offered thanks to the binary method: the use of the land for several years myself and let him out for the rest. The Marmaris property as a good investment.

The foreign acquisition of Marmaris real estate is far from the Turkish government supported. The principles for the acquisition of property by non --> Turkish individuals or companies, founded back in 1934 by the Property Law was last amended in January 2006, making significant changes, especially in relation to the size limit. In essence, the Property Law predicated on a reciprocity clause, so that foreigners buy properties only within community and not more than 25,000 sqm of land, built or not. For larger areas of land, is the special consent of the Turkish Council of Ministers is required, theauthorized, the limit up to 300,000 square meters per person provided that the increase of foreign nationals from owning property does not exceed 5 / 1000 of the land in the designated province.

Therefore, an investor-friendly policies of the governments, it is easy to see why more and more foreign investors have entered the Marmaris real estate market.

Gurhan Ebren is a retired naval officer, and currently runs El Paso Travel, a travel agency Marmarisspecializing in yacht and gulet charters and cruises in Turkey. You can read more about the "Blue Voyage", the visit to Knidos and other sites at http://www.elpasotravel.net/itinaries.htm

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