‘Turkish Lira (YTL) still continues to deliver high return on investment. Up to 20% deposit account interest rates are no longer, however, rates are still exceptionally high and we believe the government will maintain interest rates above 13% till the end of 2009 in their attempt to attract liquid funds into the country.’
Case study for Turkish property priced at £100,000
- Purchase off plan and pay 30% deposit after contract (£30,000)
- Place £62,000 at 14.00% interest rate straight after contract exchange
- At the end of first year, you will have £70,000 (£62,000 + interest £8,000)
- Your property effectively costs you £92,000
(Call us on + 44 (0) 20 8371 0059 or email us below for a brief discussion and free investment advice)
Please review some of our highly recommended Investment Properties in Istanbul and Antalya
Turkey is no doubt an emerging and rewarding property market. There is a vast selection of attractive towns and also styles of properties on offer, from townhouses to beach apartments and renovation works to major city dwellings. For those, who are looking for 'a place in the sun', it usually is a matter of which area and style. However, for property investors, large and small, it is more a case of which bucket will deliver more at the end of the day!
At Place Overseas, our British-Turkish heritage, coupled with our investment & financial backgrounds, puts us in a privileged position to be able to assist the more 'serious' investor. We regularly screen new planning permissions, regeneration schemes and tourism development areas along the Turkish coastline and Istanbul.
In addition, our local land brokers and local agents, send valuable information to our head office in the UK to help us guide our investors in the best possible light. Whether it is quick capital growth or rental portfolio building that you are after, please let us know your requirements and we shall analyse the same against our data bank in order to suggest best options open to you.
