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First time investor, invest now? - Page 3

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  #21  
Old 17-08-2008, 09:21 AM
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Default First time investor, invest now?

İ offer now to all my friends to invest in Turkish property...but not to all cities,specially now is the boom of investment in Alanya,i work here in Construction Company and we have soo much really good property with high investment return...İ dont try to sell you smth and i will not write you here some sweet stories about how is nice here sun is 300 days a year and bla bla bla...no the reason i write here is that is that i know the situation from inside..
As you know or probably somebody dont know here but next year just 30 km away from Alanya (now the old one is 150 km away)gonna open a new international airport,so the price is gonna jump up...+ very good mortgage 1-20 years 5.9% and very good return from rent.
İ will give just an exaple we have a good projact the exlusive apartment 170 m2 (you have to see its like a luxury dream hotel resort) we like construction company sell its now 115000 euro and dont change the prices...But the other companies who buy from us some of these apartments already seling 135000 -140000......and next year it will cost 170000-200000 euros!
İn my opinion to get minimum 60 000 euro for less than a year its very good investment.
Sorry if not interesting for someone information and sorry for my english
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  #22  
Old 18-08-2008, 12:45 PM
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Re. "I am to do with a development on the coast in Bulgaria!! from articles I have read the bulgarian property market should be able to shrug off the US economic slowdown (I can forward you these articles If you wish). "
************************************************** ******************
Buyers of Bulgarian property of the type you are marketing will originate mainly from areas which have been hit by this ongoing crisis. Therefore it would be folly to assume that Bulgaria will not be directly affected also by this most global of crises.
Warning: Bulgaria also has some of the highest closing costs of any market anywhere. Potential buyers, before they sign, would be well-advised to have have these detailed extra costs set out in writing and with the mention that the document represents the total outlay for the purchase of the property in question. Reason: stealth charges can add another 25% to the cost of property in this country - over and aove the agreed asking price. Buyer beware!
Source: Telegraph Property dated 16 August 2008, page P5
**********************************
I might add that neighbouring Romania IS feeling the effects of the crisis. See David Howe' article on the Forum under Romania for more on this. In the article which he quotes, he says that sales are so slow that many dealers could soon be abandonning the market altogether

Last edited by neustria; 18-08-2008 at 01:48 PM.
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  #23  
Old 18-08-2008, 03:06 PM
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Quote:
Originally Posted by sqftmag View Post
A novice investor? Stick to the UK! Choose a University town or city. Ideally, close to where you live. You don't say where you are based. If you can tell me this, I can better advise you. There IS still money to be made in the UK if you buy at the right price, in the right area. I'd be pleased to tell you more.
Kind regards
Michele
I m sorry to intrude mate but currently there is only one place in da world where u can make mind boggling money and thats dubai i am a developer in dubai my self and i also have my own real estae... thers nuffin like dubai.. trust me on dat
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  #24  
Old 20-08-2008, 04:18 PM
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Quote:
Originally Posted by Sharjil Lakdawala View Post
I m sorry to intrude mate but currently there is only one place in da world where u can make mind boggling money and thats dubai i am a developer in dubai my self and i also have my own real estae... thers nuffin like dubai.. trust me on dat

Is this a joke?

3 years ago people like me over on housepricecrash warned of the comming crash in the US and UK, yet many unthinking sheep lined up and 'invested'

Dubai is another one for the muppets of this world, unless you invested long ago that is.

You know my freind, the secret to investing is timing - how can you seriously think now is a good time to invest in an over hyped tail end charlie place like Dubai.

The ne wopportunuties lay in the UK, US (due to crash) and of course the new but safe areas with great prospects such as North Morocco.

I'll look at Dubai in 2 or 3 years when all the muppets realise there aren't enough tenants to give them a worthwhile yield.
__________________
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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  #25  
Old 28-08-2008, 10:48 AM
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Quote:
Originally Posted by medion View Post
Just a quick background on me. Im 22 year old recent uni graduate and currently working full time. I have a lump sum saved up (20k) and always been keen to invest in property for a few years.
Hi Medion,

Welldone for at least thinking about taking such a leap. The property market in the UK have been up and down, however those with sufficient capital can still make quiet a lot of money.

The first thing is to carry out a thorough market research on the location around you. If you still live very close to your university, I might be the best place to invest your money on. Be it buy to let or anything.

I invested in buying a property when I finished Uni, I bought a place and rented it out to a serviced office company and was a great deal then. So invest wisely and ask alot of questions. Be very careful of "sales mortgage advisers"
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  #26  
Old 31-08-2008, 11:47 AM
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I agree with the person who suggested UK university towns, especially for your first couple of investments. If you know where you'll be working when you graduate, try to pick somewhere close to there, so that you don't have to stress too much about traveling for tenant emergencies, etc.

If you decide to go full time with your property portfolio, then you can look at investing abroad - you'll have more experience, and a better sense of where the good prospects are.
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  #27  
Old 26-09-2008, 12:22 PM
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you can see the proprety market is cracking down . As of now more then 10% of the prices were fallen down , it is expected to go down more in the new year. If, you are looking for buying an property it is the time for you to buy , as you can get with an cheap price.
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  #28  
Old 26-09-2008, 01:13 PM
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Quote:
Originally Posted by sha-sl View Post
you can see the proprety market is cracking down . As of now more then 10% of the prices were fallen down , it is expected to go down more in the new year. If, you are looking for buying an property it is the time for you to buy , as you can get with an cheap price.
I think this works out in both ways, and YES most of the prices according to you have decreased by 10% meaning high interest rates for mortgage. And the more it goes down the higher we'll see an increase in the IR.

They best option now will be to buy and let or the part ownership which mopst mortgage companies are offering now. This can only be for housing as the serviced office industry has seen an increase in letting too.
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