Translation
There was much uncertainty earlier this year with
property laws related to foreigners being changed and an
uncertain political climate. Well we are more than happy to
report that both have been positively resolved and Turkey is
on it's way to booming again. There are many bargains to be
had in the traditional holiday resorts currently, though we
don't expect them to stay that way. Turkeys' internal
property market is more dynamic with mortgages available to
it's young population leading the demand.
If you are looking to invest, or simply to invest in your
future Turkey has to be one of the best options around. If
you are uncertain, why not rent long term before making a
commitment to get a feel for the country, it's people and
culture? Rentals are significantly cheaper than the UK and
probably the best way to get your foot in the door either as
a landlord or tenant.
For those wishing to know, interest rates on the YTL are
at 15/16% per annum and greater for government bonds.
Plenty of package holiday sales coming up now for Turkey,
but be warned, many are completely sold out and summer 2009
is getting that way! Make sure you don't miss out by
checking availability for next year and saving considerable
sums by advanced booking.
The Times endorses Turkish property.
A couple of snippets from the main article
here
The Turkish economy is booming and with it demand for
homes from locals and foreigners; the fledgling mortgage
industry has boosted the housing market.
The foreign exchange company FC Exchange says that demand
is strong among British buyers who have ruled out Spain and
Cyprus.
Property Secrets says prices have risen as much as
30 per cent a year for the past three years.
The following is an extract from Homemove. The full
article can be found
here
Britons opt for Turkey's investment potential
As the UK property market looks set for a period of
stagnation, the number of Britons lseeking to invest in
bricks and mortar overseas is rising.
Turkey appears to be topping the list of popular
destinations, with overseas mortgage broker Conti Financial
Services reporting a 147% year-on-year rise in enquiries in
2007. By contrast, enquiries for Spain fell by over 28% last
year.
Turkey has recently reformed its mortgage laws, making
finance available to overseas buyers and figures from estate
agent Knight Frank, show prices in the country rising
between 15% and 20%, in 2007.
However, a one-bedroom flat can still be purchased for
around £25,000; two-beds for £50,000 and villas for £90,000.
Unless you look in Turkeyvilla's FSBO section where
you will find a detached villa with shared pool for under
£50,000, a semi for £27,000 and others all in highly sought
after areas.
Turkey villa.com is the place to rent or buy a villa or
apartment in Turkey. Owners can list their rentals and their
own properties for sale. Buyers can choose between Off plan,
new developments, resales and in some cases, try before you
buy! We have searchable holidays from the package deal to
the luxury holiday. Links for the best flights to Turkey, a
shop window to buy all you need for your travels, a section
devoted to service providers, financial information and
advise, a gallery and a FAQs section. Feel free to browse
the site and if you've any questions either contact us or
ask a question in the forum.
Turkeyvilla June 08 Newsletter can be found here.
Have a look at the cost of living in Turkey compared to the UK.
The newest section to Turkeyvilla is the offer of
long
term rentals, specifically geared up for those of you who
want to try before you buy or to experience a given area
before you take the plunge.
The property for sale section comprises of "For Sale
By Owner" (FSBO). FSBO villa sales are listed by the
owners and you can contact them direct.
"Land Sales". Land has proven repeatedly to be
a sound investment in Turkey. It's not only the foreign
market that keeps this ticking over but the Turkish market
itself. As an asset it's the easiest to keep with no maintenance.
Steady returns have consistently been had with land, often
with profits 3 fold and more in under 12 months.For the
investor wanting to develop land, high yields can be expected.
New developments". This section lists new developments
in Turkey and off plan buying. Now that mortgages are available
in the UK for off plans it's become a more attractive proposition.
We list a number of developments in various areas of Turkey,
Currently there are projects in Akbuk, Kusadasi, Antalya,
Bodrum, Side and Marmaris,. Fethiye/Uzumlu and Fethite/Calis
and Istanbul just click the new devs link.
Featured developers are Key Investments, showcasing
Golden Sunset in Kusadasi. To view these stylish homes click
on the New Devs section on the right or on the picture below.
"Sale By Agent" All Turkeyvilla agents have been
approved to list their properties with each having to submit
3 references for verification. Each of the agents offers an
exceptional service before, during and after sales and pride
themselves on their track records. Many of our users have
bought through the approved agents and are happy to share
their experiences with you.
We are getting infinitely more enquiries for rentals than
we have availability, particularly in the Kusadasi, Kas,
Marmaris and Izmir areas. If you have good quality villas/apartments
to rent please contact us re advertising.
There are always many questions asked about buying and renting
in Turkey so we've compiled a FAQ sheet you may find find
useful. If there are still questions then use the forums
where there is a considerable knowledge base built up.
The holidays section is where you will find information
on what is available in Turkey for the holiday maker. The
forum will give you area details and answer any questions
you may have about what is available in the traditional
resorts and the not so traditional areas. Currently there
are posts on Ephesus, Pammukale, Istanbul, Trabzon, Cappadocia,
Ankara and Van with more being added regularly.
Don't know where in Turkey for your dream holiday? Now we
can help, from the holidays section you can now find all you
need to know about the best loved resort areas from people
who really know. Fancy Marmaris, or Kusadasi,
Altinkum,
Calis Beach, The Bozburun, Datca, Sogut, Dalyan,
Yeni Foca,
Bodrum to name but a few. Find your dream place and book the
holiday of a lifetime.
For a Sun newspaper review of a Turkish holiday check
this
link
The following search facility will bring up the best
package deals from the following companies :
Virgin Holidays, Portland Holidays,
Thomas Cook, Cosmos, Direct Holidays, Airtours, Aspro,
Panorama, Manos and Escapades. No need to trawl
the net looking for the best holiday deals when you can
compare them all here.
Changes in regulations mean mortgages are now available
for Turkey. For further details please click the link to
the right or along the navigation at the top.
We've included a section to discuss money matters, such
as taxation, interest rates and currency, please click the
money tree pic on the right.
The services section is where you will find car rentals,
transfers and property management companies. We now offer property management services for
the Marmaris as well as Kusadasi area.
The forum is where you'll find answers to your questions
about buying and renting villas in Turkey as well as holiday
information. You can meet and speak to others that have
already bought and or rented their Turkey villas seasonally.
Everyone using the forum has one thing in common, the love
of Turkey! So if you too would like to meet like minded
people why not call in and say hello?
Check out the gallery to see
photographs of the various
areas taken by owners of property in Turkey. There are new
albums being added all the time.
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