Overseas Property World

The Self Invested Personal Pension is a government-backed pension fund for the people by the people; not the people in general but actually by the people it is for — a SIPP lets us build our own pension investment portfolio to support us in our old age.

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Turkey is one of the largest countries in the world, and what’s more bridges the gap between two very different civilizations, Europe, and the Middle East; the west and the Arab world. Within that vastness there is something for everyone, rolling countryside, vibrant cities, history, art, culture, and of course plenty of sun, sea and sand, but also some great ski resorts as well.

There are dozens of mainstream tourism and property hotspots including Bodrum, and dozens more off the beaten track. Belek and Alanya are sort of in between that, mainstream popularity but still, better known by select groups and more discerning travellers. Here are three Turkey property greats…

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Turkey looks set to remain top of the list for overseas investment property for quite some time to come. This is due not only to the low property prices and booming economy, but also because the country enjoys 300 days of sunshine every year, has beautiful beaches and rapidly developing resorts while the low costs of living are irresistible to holidaymakers.

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How to Buy a Property in Turkey

Turkish property is very popular with foreign property buyers from around the world. It was popular before the international downturn, but has arguably become even more popular in its aftermath. Reasons cited for this belief are the massive economic growth of Turkey (11% year on year in first 6 months of 2010), its stable banking sector and relatively high liquidity and its stable fiscal performance.

This makes Turkey stand out in Europe as an investment destination. The well respected publication Global Property Guide recently published a report titled Turkey: Europe’s Best Residential Property Investment? This was accompanied by an article titled Turkey: a Housing Boom Ready to Roll?

Both detailed how Turkey property, currently among the lowest priced in the world is undervalued and presenting good investment opportunities.

While foreigners purchasing property in Turkey maybe becoming more popular, knowledge of how to go about doing so is not getting any more widespread. Every foreign purchase must be approved by the military, and there are other procedures unique to Turkey, which create the impression of excessive red tape and a difficult purchase process.

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After reading the regional and business press, one can’t help but feel that the Dubai property market is currently at a cross roads. But it really is still heading downwards. Read on for a detailed look at the current Dubai property market, and my forecasts for the future.

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