Overseas investment - Investing In Turkey

Hi,

I have been hearing alot about capital growth opportunities in Turkey. I am interested about investment opportunities in Bodrum, Marmaris and Dalyan. Are mortgages available. Any advice or views on turkey would be greatly appreciated

Thanks

Sanjay

Hi, Sanjay, We've not heard of anyone offering mortgages yet... but it is only a matter of time.

Thanks Angus, but what is your opinion on investing in Turkey?

Hi there Sanjay and Angus

Sorry to butt in on your message but I have had two years of experience with investing in Turkey and have done very well.

My understanding of the mortgage situation is that as from December 2005 there will be a relaxing of the rules and companies will be able to provide mortgages on properties in Turkey.

If you would like to chat more let me know.

Hi Mike,

Thank you for a very informative reply. The areas I am interested in investing are Bodrum, Marmaris and Dalyan. Do you think these are good areas for investment or are they at the high end of the market? I would like to know where you think are the good areas for investment. What are the laws like in Turkey? Is the place safe to invest?

Any advice would be very welcome.

Sanjay

Hello Sanjay

You can get a good overview of different areas, buying procedures etc from vaious web sites, I have listed some below, they come with no recommendation from me apart from they will give you lots of information for you to check out. I haven't invested in Turkey due to the fact that there are no lenders yet. Hope this helps and doesn't break any of the site rules. Regards John

http://www.altinkum.co.uk/ http://www.upfrontvillas.co.uk/ www.nicholas-homes.com http://www.koycegizrealestate.net http://www.property-turkey.co.uk/ http://www.homeinturkey.com/

Is there a site like this for overseas does anyone know?

Bob

I have already purchased 3 off plan holiday villas in Turkey on the Bodrum peninsula in the last 12 months and done very well as far as capital appreciation is concerned. I have previous property development experience from ground up and now I currently seeking one, two or maybe three investors to invest with me in a land development project on the Bodrum peninsula. I have already secured and befriended excellent quality Turkish builders! Its just a questioned of finance at the moment as land has to be purchased outright. Returns of 100% on capital invested over a twelve period are envisaged. Only investors with free available capital of over £50,000 will be consider - For further information or a chat contact me Mr K Kingsley (chapelshire2002@hotmail.com)

As a successful developer in UKnow in Turkey I would be pleased to offer the benefit of my knowledge to members. Or visit our website it has lots of useful general information look in the Prop for Sale menu there is a lot of helpful stuff there. www.barfa-sim.com

Hi Everyone,

I am dealing in property in the Bodrum area as well as development land, and commercial property in Istanbul. We have seen extremely healthy Capital Growth over the last 3 years in Bodrum and because it is an area that affluent Turks visit and buy in, as well as holiday makers, it makes sense to look there for investment opportunities. Not only are we selling properties there but are also developing. We offer and A tp Z service including aftersales and are more than happy to help people find their perfect holiday dream home or investment property! Mortgages are not directly available, although I do agree that it is just a matter of time as local mortgages came in this January 1st gone. There are a number of companies that we are dealing with at the moment who say that they can provide mortgages, secured on the Turkish properties, for foreign buyers so if anyone wants to be kept updated on our progress in this regard please feel free to contact me. 100% returns within 12 months are not unheard of (and I have seen similar returns myself) but the average Capital Appreciation for '03-'04 was 30-50%, which is exceptionally good! If anyone needs anything else at all please don't hesitate in contacting me directly: Niall@MedDreams.com / www.MedDreams.com

Hi Kevin,

Just a quick question relating to the 100% profits that you stated; is this is this gross or net considering company tax and VAT in Turkey?

I look forward to your reply and advice on this.

All the best,

Niall

Has anybody actually obtained a mortgage secured on a Turkish property as yet?, if so any pointers much appreciated. Rob Brister (rbrister@annodata.co.uk)

Mortages in Turkey

Leglislation has just been passed through the Turkish parliament to set up a mortgage system. Mortgages are already available to Turkish nationals via large banks such as HSBC. The framework should be established soon but the base rate is over 12% in Turkey so you should wait. I personally have remortgaged in the Uk to buy 2 properties in Turkey. As and when competative mortgages are available in Turkey i may switch them. Meanwhile property rose over 30% on the coastal resorts last year and I didnt want too wait long and miss out.

Avoid over built areas such as Altinkum and ensure that you use a solicitor and get bank guarantees with any stage payments.

Hi Take a look at this compnay website ww.noktacompany.com I can vouch for these guys I've seen the work they do.

Hi Does anyone have any advice on where to buy an investment property in Turkey, and who to buy it from.

Any advice gratefully received.

Regards

Mark

Check out the low prices in Altinkum. http://www.suenosoverseas.com Excellent advise from Uk office

I am an agent in Turkey, I`ve had many customers asking about mortgages. I have searched high and low, but no luck.

Banks offer konut Kredi (property loans). This is not a mortgage. I was told by a financial advisor that mortgages for foriegn investors will only come into action, when Turkey actually becomes part of the EU.

My financial advisor told me that the only way is to remortgage a property in the UK. Then use it to buy property in Turkey.

I am sorry but I can`t help you more than this.

for more information on properties in Turkey look at: http://www.overseaspropertyinvestors.org

Hi Everybody,

The Reality Group has 14 years of experience in Turkey and offers a unique investment service to UK clients. We cover the whole of Turkey including major cities and offer clients the benefit of a nationwide overview as opposed to a local agent's view. We enable individuals to become the developer, thereby enjoying the developer's share of the profits. For a full information pack, contact me on andy@reality.eu.com

Andy Pyke

We have access to property and land in all the regions of turkey.(direct from the seller. We can offer you excellent priced property's and land investment's. All our partner's and agent's are previously from the UK. All have excellent knowledge of there local area's. info@turkishhomes4sale.com http://www.turkishhomes4sale.com

please check out www.soysalmakelaar.com they have an excellent new projects which they have just started in avsallar,outside of alanya,called lavender,so many extras included in this complex,they are even going to cover the pool and heat the water in winter time,the complex will also have its own private mini bus www.soysalmakelaar.com

Is there anymore out there who can share info on Mortgages in Turkey secured on Turkish property for non Turkish nationals.

Many thanks

Stuart

Hello everybody.

I have found this thread accidentaly and decided to post.

We are developers of http://www.almeidaheights.com and http://www.cornelliavillage.com. What we are looking for is a partnership with an agent in UK. We are not merely looking for a comission basis partnership but rather partnership in business. If you are a local or overseas estate agent we would like to talk to you. Our real estate website located at http://www.sunescaperealestate.com.

Regards, Bulent Bektas

Hi guys,

mortgages for Turkey are now available here:

http://www.pasharealty.com/mortgages-turkey.htm

They promise a same day quote and offer mortgages in GBP, EUR, USD, YTL and even Swiss Francs.

hi, Most importantly interest rates are a bit high than UK banks or any other European banks but you can go and find out true information yourself which Turkish banks giving mortgage and what the interest rate are, if you go ----www.gototurkey.com -----This is Turkish government official web site. Turkeyturkey ltd

Hi Sanjay,

Mortgages are still in their infancy. I went to a business briefing by Isbank (Turkey's largest indigenous bank) where they presented their latest mortgage product. It is a bit clunky - a repayment product, subject to status, term 15 years maximum, APR around 8%. I have a contact with the team set up to provide Turkish mortgages to UK residents. If you would like more info, I can point you in the right direction.

In terms of capital growth, we are focussing on Istanbul. Coastal markets are a bit slow moving at the moment, and the best returns come through buying land and developing it.

We have some great off-plan apartments coming up in istanbul and resale property in the city centre. We can source property all over Turkey, but I have put my own money into Istanbul right now, because it is fast moving.

You can expect 20% - 30% growth per annum over the next 2-3 years, but now is the time to get involved. Mortgages were introduced to the masses for the first time in Turkish history in March 2007, but the interest rates are still high, making renting alot cheaper. When the rates fall, there will be a clamber for first homes.

Take a look at our site http://www.tppinvest.co.uk or call me on 07921 463 887.

Hope this helps.

Ben Cole

Hi Ben & Co,

I'll expand on my earlier comment.

We offer mortgages secured against the Turkish property, not your assets back home. Rates start at 6.9% fixed rate over and up to 20 years. Mortgages are available in Euro, Sterling and US Dollars.

Our lenders are UK based, but they accept our valuation of the property in Turkey as sufficient to provide overseas finance. Again, the Turkish property is collateral, not your property back home. Good eh?

We are a group of companies, residential property, commercial property consultancy, construction, renewable energy and mortgages, all in Turkey.

Mortgage info: http://www.pasharealty.com/mortgages-turkey.htm

If anyone is interested contact Phillip Keates at mortgages@pasharealty.com and I'll put you in touch with our mortgage specialist.

Hi

Currently we are tracking the www.maxestate.com www.property-turkey.com and property-turkey.co.uk on the web and unleashing their real black listed and corrupt face to the world.

We will post a list of the sites which links to them on our blog soon. So hereby we request you sincerely to FIRST READ this http://fastcreators.com/property-turkey-maxestate/ and then decided whether you should be linked to such people.

Regards, David

Don't bother it's a hot version of Bulgaria investor led inflation followed by over kill don't be a sheep find something better.

Sont forget a Will to protect your estate

H? all friends we are developer we built villas apartments bongalows and sell lands for investments so no commission quality builders and have offplans projects good payment plans after sale and if have any clients please dont hesitate contact to me for further details .Regards suphi Toprak suphi_toprak@hotmail.com 00905333341564

H? Mr Mark ?f you wants to buy for ?nvestment ? can help you and show you and can g?ve you any deta?ls for the pr?eces to go?ng up for one year beacuse ? have more uk cl?ents so they are all so hapy for example just ? have sold last year a v?lla 65000 pound but these year that villa is 109000 pound so ?f you wants to know please contact me.