Hello Guys,

I've just done a search on this forum for posts about investing in Turkey but can't find a lot, and in fact nothing much at all since 2004. Does anyone have any experience here.

My partner is Turkish and after spending some time in Turkey and looking at his IPs I became really interested in investing there myself. Unfortunately, according to my partner, Turkey does not really have a mortgage type system in place like we use in Australia (however apparently the banks are attempting to introduce such things) so I'm limited in my options....

However I still see possibilities. Property is inexpensive and building costs, materials, labour etc is cheap. Also, the government has recently introduced a type of first home owner incentive. I don't know exact details but it's something like a 30 year loan for the deposit on a home. I know there are companies who "recruit" first home owners and then start developing using this money. They then continue the development stage by stage with the home owner's small ongoing periodic payments. This way development can take many years. My partner's father works for such a company.

Since people really seem to be encouraged to take advantage of this government incentive, developers could stand to make a lot of money. I could imagine that a developer with available cash to develop these properties upfront could build much more quickly and then start earning income much more quickly... I wonder if there is some way I could get in on this type of venture... Maybe my partner, his father, another money partner and I could start a company like this....

I know I have been a bit vague and I definitely need to find out more specifics. But for now I'm just brainstorming out loud and was hoping for some thoughts and comments from you.