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Old 10-03-2008, 12:55 PM
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Investy Investy is offline
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New Home In Turkey,

The prices for Turkey are attracive as you say but for me as an investor I was unable to find properties with decent YEAR ROUND rental potential in Turkey. Some people I know say they dont get any rent outside the main summer season, and a little over Xmas.

This can mean the rental yield after all management and repair costs can be quite poor.

Capital growth is a possibility but one is mindful of the fact there is so much building in Turkey, so chosing the real winners is not easy.

If you make 100,000 euros capital growth, you must then deduct the interest costs (interest on UK mortgage), buying and selling costs and Tax, so you might not end up with very much profit.
THEREFORE HAVING YEAR ROUND RENTAL (OR VERY VERY HIGH RENTALS IN SUMMER) IS KEY.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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