6 R's for Successful Overseas Property Investing

Reason

Clarify the reason why you are choosing your overseas property.Decide if your investment is for Lifestyle Choice, Buy to Let,Retirement or Relocation.
Research
Factor in all the figures for a property purchase, the legals,mortgage & running costs. Find out how the rental seasonworks for additional income if required & the costs associatedwith the managing agent. What are the laws on foreign ownership,inheritance & tax?
Reputation
Work with companies that have a good track record & if buying off plan use an established developer that will deliver on timeand provide Building Guarantees & licenses. Good PropertyAgents often negotiate good discounts & incentives which arenot always available from buying direct.
Request
Gain as much information about Country/Area /Development as possible to get your questions answered. Subscribe tonewsletters & property alerts to be kept informed .Remember not all Property Deals get advertised on the Websites.
Reassurance
Inspect the property or plot to confirm if it really meets your needs.On a viewing trip you will discover if the local facilities and amenitiesare sufficient for your buying purposes.
Reserve
Only when you are satisfied with the above steps you can proceed with your overseas property purchase. Always use a local solicitor to assistyou with your purchase. Remember legal documents will be provided to you in the language of your chosen country which will need to be translated...

10 reasons to invest in Turkey

1. Strong, fast-growing national economy with very low cost of living
2. Rated among the top 5 destinations for property investment by the television programme "Where on Earth?"
3. Mortgages now available to Turkish and foreign investors
4. Foreigners and foreign companies now permitted to own property in Turkey
5. Tourist season now extended to 12 months a year with the advent of golf course developments and low cost airlines
6. Tourism increasing yearly, with currently (2007) 20 million visitors each year and a 2008 target of 25 million. A large part of this is the result of the government's £73 million marketing programme titled 'Four Seasons, 12 months'.
7. Negotiating for accession to the European Union
8. Although Turkish is the official language, English and German are widely spoken
9. Massive housing shortage which restricts supply against a constantly increasing demand
10. Property price growth is very high and, even more importantly, explainable therefore sustainable. Prices are still 30-40% below Bulgaria and Romania and have still therefore a long way to go.
Find Out More http://www.onyxworld.co.uk/country/Turkish_Investment_Properties_-_Akbuk_and_Istanbul