A. Why Invest in Property?
B. Turkish Property Investment
A. WHY INVEST IN PROPERTY?
Turkey is currently such a growth area that it is not just property investment that is booming, business is keen to get in on the act too and this is great for the property market. Turkey is an excellent investment opportunity with particularly high capital growth of more than 30% in many areas in 2006. With Turkey working towards joining the EU, the potential return on investment in this area is enormous. Restaurants, bars, traditional tavernas, discos, golf courses, and a myriad of different leisure and entertainment services are being created all over Turkey. These businesses are attracting further investment into Turkeys infrastructure and, most importantly for your purposes, they add value to the surrounding property. Our teams can tell you where the new golf courses, theme parks and growth areas are likely to be, helping you to decide where to invest.
So what sort of returns might a property in Turkey yield? Vision has calculated that the average home price in Turkey has risen more than 120% over the last 5 years, and independent expert research shows that you can expect further strong increases in property values over the next 20 years.
Investing in Turkey is an excellent option for a great number of people. Some people have recently talked up the property market in Eastern Europe. Vision would discourage our customers from investment in these "new" areas for various reasons, which include relative political and economic instability. Despite the lower prices for property, Eastern Europe is a far greater risk than investing in property in Turkey. In Turkey property is likely to procure "added value" from local business and development but many businesses are currently staying away from investing in the Eastern European resorts.
Buying property in Turkey is a rewarding and safe investment for you and your future.
top of the page
For Your Consideration
We find that most people buy a property overseas for three reasons: investment, holiday use, retirement or a combination of these. Buying an overseas property for investment purposes is completely different from buying for your own use. When deciding where and what to buy, you need to focus on two things:
- Is this country, region and property somewhere that other people will want to be in the future?
- How do I want to make my money - from renting out the property or by selling it?
In other words, you need to consider location and financial return. An analysis of all the relevant factors should enable you, with the help of a little expert advice, to make the right decision.
We can advise you objectively on a range of investment choices, and provide you with opportunities to buy off-plan for even more gain.
top of the page
Investment properties have many benefits when it comes to building long-term wealth. Over many years property has provided strong and positive growth with house prices rising year on year. Whilst this can not guarantee future returns many factors which influence the Market suggest that capital growth and investment returns will be excellent.
Average house prices have nearly doubled every 8 years
Average house price 1998 = £82,000
Average house price 2004 = £154,229
House prices have increased in 53 of the last 58 years.
Source national statistics Office
As a means of diversifying your exposure to different asset classes, property can be less volatile than shares and tends to be the haven to which investors rush when other assets suffer. Sensible investments in property have many attractions.
Generally, investing in real estate gives you access to two benefits: capital growth and the tax advantages associated with negative gearing.
top of the page
Where to buy, What to buy
Because investment properties are bought as investments and not as owner-occupied residences, purchasers are able to take the emotion out of the decision of where and what to buy.
As you want to benefit from as much capital growth as possible, the first rule is to buy in a growth area. Experts define suburbs located up to 10 kilometres from a city's central business district as likely to be growth areas. The best strategy is to visit a number of areas to get a feel for what they offer. As you will be renting out the property be aware of what tenants look for when they rent, such as access to transport, shops and leisure facilities. An attractive property in a sought-after area will ensure strong rental returns and ongoing tenancy.
Properties with a view are always more desirable than those without, but the bottom line should be what you can afford to buy and what rent you expect to be able to charge. Over-committing in order to get a waterfront property is not a sensible move if there aren't any tenants around that can afford to rent it from you!
We've asked the experts, the family buyers and the dedicated and experienced investors why they might consider putting their money into Turkish real estate. Armed with their considered answers we have compiled the first Top Seven Reasons to Invest - for your approval and consideration...
top of the page
1. Growth and Stability
Turkey's real estate stability and growth have been well recorded by Governmental and European agencies and current forecasts indicate continuity to 2010. Inclusion in any investment portfolio provides favourable fiscal options coupled with a desirable lifestyle.
2. Beat the Rush
To start investing for retirement or semi-retirement in a warm, friendly country sooner rather than later is a serious option because your chosen place in the sun will be more expensive in 10 to 15 years when all the "baby boomers" of Europe (approx 52 million) retire with the same idea of settling in a country with guaranteed sunshine and seaside lifestyle.
3. Value for Money
To purchase vacation property in leading developments across the Aegean and Mediterranean coasts is like buying housing in the 1970s. Current prices in Turkey are still very low and represent excellent value for money, taking into consideration resort facilities, 10 year warrantied build quality and specifications that include air-conditioning, double-glazing, appliance and furniture provision.
4. Family and future
Buying a home in Turkey is a sure way for families to improve on their collective lifestyles and to enjoy more holidays together, sharing the delights with relatives, friends and neighbours. Offering the residence for vacation rental can produce income to cover running costs and, on a Buy-to-Rent basis, make it self-financing with the bonus of strong equity growth over the years. For the serious investor it can mean an additional pension top-up.
5. Lifestyle opportunities
Investing in a well chosen location or complex results in an enviable way of life with complete relaxation and opportunities to try new leisure activities like golf, tennis, swimming, diving, sailing, hill-walking or less strenuous sessions in the spa.
6. Less stressful
A well designed apartment or villa in a full service resort or a refurbished finca in a rural idyll is the perfect way to alleviate the stress and aches and pains of working life and provide a near perfect retirement or semi-retirement environment.
7. Relax and smile
Finally, the laid-back and healthy Turkish lifestyle is better than a share certificate of a stock exchange company that may or may not help your bank account, well-being and lifestyle. Unlike a share certificate this investment is guaranteed to bring a smile to your face with 300 days of sunshine and after five year's of growth, investment in Turkish property (coupled with strong official forecasts) cannot be matched by the uncertainties of stocks and shares.
top of the page
B. TURKISH PROPERTY INVESTMENT
Put style in your life by investing in Turkey ,the rising star of the Mediterrenean coast, with its Turquoise coast, 203 blue flag beaches, plenty of sunshine over 320 days and high oxygen level, a country of history and culture.
There are plenty of reasons why buying a property in Turkey is a sound investment. Vision is committed to helping you think through all of your options and we have a team of experts to help at every stage of the process so that you can be confident in your Turkish investment. The statistics below might help you to think about why Turkish property investment is right for you.
The Economist, The Times and many independent real-estate experts all testify to the fact that property investment in Turkey is a sound value for money process. They testify that when done properly through a professional company, such as Vision, Tukish property can reward the investor richly. They also testify to the fact that recent demand for property across Turkey has been extraordinary when compared to other foreign investment locations. They add that Turkey is highly likely to continue as a "top spot" for investors in foreign property due to anticipated increasing demand.
top of the page |
