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Property in Turkey offers the best value for money.
Turkey is significantly cheaper than any other popular European destinations
but enjoy a high standard of living. Buying villas or apartments in
Turkey, has a huge potential value growth for your investment.
With its unspoiled natural beauty and wonderful weather, friendliness
of the local people; Turkey will mesmerise you. Lots of opportunities
to make your social life as interesting as you want it to be.
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Click Here for Investment Ideas for A Touch of
Paradise Country Club. |
Property
hotspots
There has
been lots of growth in the areas around Altinkum and Akbuk but prices are still cheaper than other Turkish towns.
Relatively unexplored options include the so-called.investment
rationale;
For now
capital growth, mainly, since rentals are much harder to come by in
the winter, when there are more direct flights to Turkey. Will make
easier to rent your property, as British Airlines and Easy jet
already done deal to fly Turkey.
When people invest a property abroad, there are for two main
reasons: investment, holiday use – or a combination of those. .
When deciding where and what to buy, you need to focus on two
things:
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How do I
want to make my money – from renting out the property or by
buying-selling it?
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Are this
properties in that location that other people will want to stay
in future, are they easy to rentable?
1) Off plan
investment;
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When buying
'off-plan', you get your property at around 25% below market value.The
reason properties are offered initially at such a low price is to
attract individuals who are in no hurry to take occupation but
realise the significant savings of early purchasing.These early
purchasers provide confidence in the project and financial security
for the bank or the developer who provides the financing for the
project. |
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| Construction starts with or without these early sales but
of course quick sales at this stage enable the developer to make an
increase in prices when constructions begin. Prices generally go up
in 10% increments during construction. Firstly when foundations are
laid, secondly when brick work begins and finally during the later
finishing stages. |
• 2
bed unit priced from £35,000
• Amount
paid during 8 months construction - £42,000 (20%)
• Property
value increase during 8 months construction period - £50,400
(20%) |
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This
increase amounts to 100% of the original investment but costs such
as legal fees, etc must be taken into account and the property will
need to be sold at slightly below market value to encourage a
quicker and easier resale. Therefore a profit margin of 80% on
original investment is suggested.
The figures
above are examples of returns that can be finding from Sunset Homes
archive (2005) who builds selected developments. |
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2) Rental income versus capital
appreciation
The rental returns from a property need to be carefully assessed and
not over-estimated. Rentals are never guaranteed, however Sunset
Homes gives rental guarantee up to two years on some of
developments. Look at local supply and demand. Currently, A Touch
of Paradise Country Club, for example, has a shortage of high
quality rental accommodation. Some properties will have more rental
potential for example, new property, location, sea view, facilities
etc. will make easier to rent your property. |
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30 weeks rental per year might be a reasonable expectation; this
should produce a net return of about 6%, but also means that the
property may be empty for 22 weeks per year. A secure development
such as A Touch of Paradise Country Club; means you do not need to
be concerned about leaving it unattended. Another issue is keeping
the property in rentable condition, so you will need to organize
(and pay for) some sort of property management in your absence.
Sunset Homes will provide this, or will you need to source a cleaner
and gardener yourself? |
"Sunset Homes Property Management service will help you to rent your
property, from maintenance, Airport transfers, cleaning, pay utility
bills and many more services you don’t have to worry about once you
decided to choice of ‘Sunset Homes’ maintenance package.
We
will advice open bank account on your name and use this account for
pay your bills or pay your rental income.
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