Straight talking guide to property investment
Why invest in Turkey? Why indeed, when as an investor, the world is your oyster right now! Lots to bear in mind however with niggling questions like invest in what? where? When? We all know NOW is the time to invest to get best value for your hard earned cash but, how much risk do you take? What will give the best return on your investment? Who knows what the world economic climate will do? Who indeed...
Well, considering no one predicted the velocity of the current global economic disaster, no one is putting their hand up and giving a forecast of when it will all be over.
Reading information on our About Turkey page will give you an insight into the background of the Turkish economy. We believe that in the current economic climate, in order to invest wisely, one needs to invest in a product, in this case, Turkey, that is developed enough to be 'safe', yet, is dynamic and has potential to grow.
That's our view.
- Which country can offer you the following and thereby reduce your risk?
- Which country is completely self sufficient?
- Which country has such a large, young population and such a strong internal market?
- Which country is a tourism hotspot internationally and not waiting to be discovered or to emerge?
- What other country of such strategic location, strong force in both Europe and the Middle East is looking to enter the EU but that if Turkey's attempt is unsuccessful, its economy will continue to grow and pick up pace as one of the most exciting and developing investment countries in Europe.
At a time when bank savings' rates are diminishing daily, stocks and shares are in downfall, property prices have fallen what can you invest in wisely? Property prices may have fallen globally but only from their recent rises. Also how do prices compare to, say 5-10 years ago? Property IS a long term investment and as such, brings in the best rewards. Investing in property has always been the sensible solution. Our ancestors invested in bricks and mortar too! We don't believe in gimmicks whilst investing in property; if it sounds too good to be true, it probably is! We believe in simple, time tested negotiation for good, solid properties. They can provide pleasure for yourselves and your loved ones, can be rented (see our separate rental information sheet), or can be held (as has been the case of some of our investors) and simply sold on years later at a considerable gain. It will take time for any investment market to start rising again, but we believe that having a realistic, long term timeline for your investment, will bring in considerable gains compared to any other form of investment. One does need to invest in a 'going concern', which is what Turkey is: 'a booming economy'.
- Turkey has 6th largest economy in Europe *
- Turkey has the 15th largest economy in the world **
- Turkey attracted an estimated Foreign Domestic Investment (FDI) inflow of $20 billion in 2008.*
- A 'booming' country with a cumulative GDP increase of 187% between 2002 and 2007 totalling USD663 billion.**
- Dynamic and mature private sector with USD107billion worth of exports and an increase of 197% between 2002 and 2007**
- Over 41 British companies investing in Turkey, such as BP, Shell, Vodafone, Unilever (UK), HSBC, Aviva, Tesco, and Cadbury Schweppes*
- No capital gains tax is payable after 5 years on your proceeds
- No restrictions on taking the proceeds of your investment out of Turkey
- Inheritance tax on sliding scale but maximum 10% of estate value.
- Prices are very attractive for high quality properties, built to European standards and compare favourably with other European destinations.
- Foreign currency mortgages available
- Over 20 million tourists visited Turkey last year - USD22billion revenue from tourism**
- Listed by financial times January 2009 as in the top 10 locations for property currently worth investing
- Listed by The Times February 2009 as in top 10 destination for cheap cost of living on holiday
- Law passed enabling Turks and foreigners to be granted mortgages, therefore enabling Turks to purchase with mortgages for the first time ever in 2007. This has opened up a totally new client stream.
- Turkey has a young labour force: 65% of the population are under the age of 35; a young dynamic workforce to keep Turkey producing. Turkish labour force works the longest hours in Europe.**
- Turkey has the 4th largest workforce of the 27 countries of Europe, with 24.7million people in 2007 **
- Turkey keeps lines of communication open: Turkey has 61.976 million (2007) users of mobile phones***
- Turkey is dynamic
* Foreign and Commonwealth office, UK
** Invest in Turkey
*** CIA World Factbook
The above makes exciting reading. Now, what kind of investment do you wish to make?
We offer the wise investor a number of opportunities. If you are seeking a specialist service, regardless of what type of investment you wish to make, then read on!
Our relationships with developers, sellers and land owners, has evolved over time, which means that we are offered the very best deals for our clients. We are a small specialist company and our product portfolio reflects these special relationships.
- Residential: new off plan projects - cherry pick the best plots!
- Commercial: shops and offices - in populated areas
- Land: with planning permission - suitable for landbanking
- Distressed stock: surplus stock, highly discounted to market value
- Bundle Buying: buy in bundles, greatly discounted in high value areas
- Next step: Contact us and discuss your requirements:
- Do you wish to visit Turkey and view these investments?
- Do you wish to reserve prior to viewing?
- Do you wish to buy without a visit?
- Do you need a mortgage?
- Solicitors? Accountants?
- Let us answer your queries and supply any additional information you may require; so that with our bespoke service, you too can acquire investments to be proud of..