Turkey offers attractive investment opportunities to investors who wish to catch the start of a property market that is on the verge of explosive growth. Surviving the economic crash few years back, it has emerged stronger to resist the current phase of global economic slowdown. The property market of Turkey has evolved from providing cheap housing to urban population, to an ever increasing number of overseas investors wishing to invest in property for holiday lets. Turkey has recently started the process of gaining membership into European Union, and whilst this may be a lengthy process it will add significantly to the economy and to the property market in specific. The government has recently introduced new legislation to enable foreigners buy property in Turkey, and is endeavoring to make the real estate transactions more transparent and easy to transact. This has fuelled an unprecedented demand for Turkey properties, especially in the coastal areas.

Majestic mountains, rivers, crystal clear seas with long sandy beaches are the main attractions of this splendid country. Long summers, relaxed lifestyle and a low cost of living have made it a preferred retirement destination for many Europeans. It has a huge population of wealthy middle class looking for affordable property. Officially, there is a shortage of more than 2.5 million houses in Turkey, therefore creating a large demand for re-sales of property which is ideal for the investor. Depending on location and quality of the property, Turkish properties can produce capital appreciation in the order of 25% to 30% per annum. By investing in solid projects in the best locations at the off plan stage, investors can buy at discounted rates and sell on prior to project completion. A short term investment of this type can reap significant benefits.

Long-term investors looking to make some money along with owning a property can be assured of a rental yield of 5-10% in addition to a healthy appreciation of the investment. A massive growth of 13.1% of foreign visitors, mainly from Austria, France and Slovakia has aided the growing demand of real estate. There are certain areas where investments in properties have yielded better returns owing to domestic or foreign interest. Areas such as Bodrum, Western Mediterranean and in particular Istanbul have experienced significant returns.

Properties in Gocek offer exotic sea and mountain views with easy access to historical sites and best beaches. Fethiye is surrounded by clear blue waters of the Mediterranean, dotted with restaurants, sports, entertainment facilities and exotic holiday destinations. Another area popular with Turkish as well as foreign investors are Bodrum Peninsula. Described as last of the affordable paradise on earth, it is just 35 km from international airport. Properties range from traditional Turkish homes to luxury villas and apartments.

Recently with government initiative to develop tourism infrastructure, the area around Dalaman has emerged as a popular destination. Virgin mountains and beaches, spectacular countryside, golf courses and the international airport have added to the value of the property at Dalaman. In addition to these beach locations properties in major cities such as Istanbul are in very high demand. The Turkish government has taken initiatives to develop satellite districts around Istanbul. Satellite districts such as Beylikduzu, offer luxury lifestyles to the local middle classes in well-planned urban environments. These properties have emerged as lucrative investment options for investors in the Turkish property market.



Quick Property Sale

Loan of ages and loan for the ages; yes we are talking about the secured loans. Secured loans are in existence from quite long; today its prevailing continuity acts as a God Father for those who are looking for the loan to meet their needs.

Secured loan is a method of raising the finance by placing the collateral against the loan amount. Collateral like borrower’s home, car, documents, land, real estate etc is generally considered as security. Irrespective of the need, secured loan can be used by the homeowners, non-homeowners, businessman, student, self-employed, etc who have some valuable collateral to boost upon. Though, while pledging the collateral borrower must know that his collateral that is placed assigns the rights to security to the lender in the event of a loan default.

With the secured loan, borrower generally raises the finance for major purchase like buying a sweet home or car, renovating the home to add value, meeting the wedding or education expenses of kids, consolidating debts, going for holidays in the lapse of nature, starting a new business or up-grading the existing one etc.

Secured loans are considered as the prior choice of the borrower and lender too. Borrower is entailed to various fascinating features under secured loans like lower interest rate, easy repayment option and larger loaned amount. On other hand lender feels secure about his money as he has borrower’s collateral to fall back on.

Under secured loans, borrowers can avail the loan amount ranging as low as £5000 to as high as £75000. This amount is totally depended upon the value of the collateral placed; higher the collateral value higher will be loaned amount. Lenders have collateral to rely on so for that he offers easy repayment option that ranging from the 5-30 years. So, according to borrowers pocket he can set the repayment option.

Secured loans are easily accessed from traditional modes like financial institutions, high street banks or private lenders with that borrower can opt for latest online mode. Online mode helps the borrower to avail the secured loans at faster time frame compared to traditional mode.

Today, secured loans are popular because of its lower interest rate, larger amount and easy repayment option.



Quick Property Sale

Many people prefer to make investments to cut down on paying taxes and to establish an additional source of income. And one of the most popular choices for investing is with property investment, with many choosing to invest in repossessed properties as they offer plenty of advantageous options.

The term “repossessed property” can be described in plain lingua as the property that is owned by the bank or by a mortgage lender. Repossessed properties are believed by many in the industry to be very cost effective and can even be bargained for, yielding greater ROI (return on investments). Repossessed property can be found in any variety of real estate ventures such as vacant lands, residential units or commercial property.

Here are additional points to note about repossessed property:

1) Mostly when a homeowner is not capable of paying their mortgage loan, the lender has the power to repossess the home and sell it or give it on a rental basis to other people.

2) Selecting the perfect investment option for your portfolio and budget is the secret to acquiring a repossessed property. It has been said that the repossessed market is inversely proportional to the economic situation. A repossessed property always remains a better option for buying houses at affordable prices and can be a good investment for your future.

3) Proper planning is advised when buying any repossessed property. The best way to find about the repossessed property is to contact the “local mortgage lender”. Before opting for a repossessed property, you have to get familiar with your expectations. The location of the repossessed property is important. It is advisable to buy those properties which are favorably located, for instance, to cut down on the cost of transportation and utility costs. It is also advisable to check up with the proper authorities about the property to ensure it is free from other onerous loans or charges.

4) Do not exceed your budget while investing in such types of properties. Buying repossessed property at an auction can be very tempting; therefore, you have to focus on actual price to get good bargains. Before buying any repossessed property, you need to carefully look for faults in the structure along with other drawbacks then consult with a contractor for to find out the expenditure of repairing this property. Therefore, it is very necessary to have a sufficient financial back up before buying any repossessed property.

5) It can be very beneficial to consult with estate agents and other concerned authorities (accountant, banker, title clerk, etc.) connected with this field to ensure proper norms of buying a repossessed property and the transactions involved in the process. Getting familiar with the rules and regulations of that local area is recommended as well.

Note: Before buying a repossessed property, always consult a bank repossessed house expert to get complete guidelines and effective advice on this matter.

In conclusion, always remember, that when buying a repossessed property from a bank or other lending institution, the process can take a long time because banks usually end up owning a repossessed home only if the previous owners failed to make the required mortgage payments. In many cases, what may happen is that while you are consulting an estate agent, your agent may discourage you from buying repossessed property. But ultimately the choice solely depends on you.



Sell and Rent Back

As a Realtor in Florida, I realize that there are many factors contributing to the decrease in the number of South Florida home sales. They consist of high home prices, high property taxes and high taxes. One factor that is contributing to the collapse of the sale market that many people do not seem to consider is the influence of the South Florida rentals market. At this time, this factor is probably having the strongest effect.

Home ownership was the American dream. Since the South Florida real estate boom the lower and middle class have been driven out of the real estate market, because of the high costs associated with home ownership. Because of the uncertainty of the direction of home prices, consumers are not stepping back into the market. Prices are still unrealistic and continue to drop.

Adding to the current situation, are the people who invested at the height of the market. As I look through the MLS, the number of short sales, pre-foreclosures, new listings, and expired listings and back on the market listings are increasing at alarming rate. This is adding to the existing inventory. It has been a buyers market. The problem is that there are no buyers.

For example, today in Dade, Broward and Palm Beach County the following are the figures for the activity by category from the MLS:

New Listings

1253

Price Change Listings

496

Contingent Listings

50

Pending Listings

183

Sold Listings

195

Expired Listings

2242

Temp Off Market Listings

63

Cancelled Listings

363

Rented Listings

260

Withdrawn Listings

6

Back On Market Listings

121

To go into my explanation of the influence of the massive effect that the South Florida rentals market is having on the sales market, you have to take into account the fact that apartment complexes do not list on the MLS. Also, the number of rentals done by private owners is not included.

The most important factor is the economics of renting versus buying. Rental prices have been dropping, as inventory has been building. Consumers can rent a home at a price that they could never afford to buy. To attest to this, I would like to point out two examples. In my first one, a consumer rented a home that had been purchased for $950,000 for $2500 a month. If he had bought the home, his taxes alone would have been $20,000 a year. In the second case, a home purchased for $550,000 was rented for $2000 a month. The rental payments totaled $24000 a year. If you figure mortgage, taxes, insurance and homeowners fees, the landlord is paying approximately $50,000 a year. By renting, the renter could put $26,000 a year in the bank and would get a much better rate of return on his money, then the landlord who is losing money, since his property is depreciating and he is paying $26000 out of pocket to maintain his investment.

Appraisers are taking 1.5% a month off the value of South Florida homes every month. This is lowering comps and causing a further decline in home prices. Builders are lowering prices, causing pre-construction buyers to either walk away from the closing table or buy a home and incur an immediate loss. Landlords are renting property and incurring monthly loses. Until this downward spiral ends, the answer is to rent. As the available rental supply tightens up and prices rise and rental prices and mortgage rates come to a point where it makes sense to purchase to get the benefits of home ownership the crises will not end.



Quick House Sale

Fast secured loans are those which require collateral to be placed as a security. This can be used for a variety of purposes like payment of debts, home improvement, Medicare etc. You must compare the terms and conditions offered by various lenders so that you do not get trapped. You can apply for a fast secured loan on internet itself which saves a lot of your time and money. You can place your house, automobile etc as collateral. These are low rate interest loan due to involvement of collateral.

Fast secured loans: some important issues

You can obtain a fast secured loan up to 12.5% of the value of the collateral placed. Loan term can vary from 5 to 25 years depending upon the loan amount. Application process of fast secured loan is very simple. You just have to search for a better lender which fulfil your requirements and have a better term and condition. Lender should also be reliable. Try to borrow the amount which you can repay within the committed period. Otherwise you can loose the collateral placed as security. A fast secured loan is generally meant for those who are in an urgent need of money. A fast secured loan gets approval within 24 to 48 hours of the deal.

Advantages of fast secured loans

Major benefit of fast secured loan is its lower rate of interest. It also involves a long repayment period so you do not face any problem during repayment which is the biggest burden while taking a loan. Monthly instalments are also very less in case of these loans. This loan gets approval faster than other loans and requires less paper work. It does not matter whether you are having a good credit record or not. It is meant for every group of people. Also for those who are suffering from a bad credit history. It also improves your credit record if you pay the instalments regularly.

Fast secured loans: summary

Fast secured loans are meant for those who are in an urgent need of money. These loans are approved very fast. It involves a low rate of interest due to involvement of collateral



Real Estate Professionals

When it comes to property investment, repossessed properties are a great way to reaping substantial benefits especially when bought below market value. Here are some ways you can find repossessed properties to convert into property investments.

Have you been waiting for the right time to buy your next investment property? If so, there is no better time than to do it now. The reason? The number of repossessed properties put up for sale under the hammer is rising even higher than anticipated due to financial instability. As repossessions escalate, there will be more below market value properties available for your picking.

Why buy repossessed properties?

Lenders continue to shift repossessed properties and keep selling them at low prices so they can recover their funds as quickly as possible. Property investors will continuously be able to bag significant bargains which they can add to their portfolio.

Repossessions are normally preferred because they allow investors to earn a profit by purchasing them at low prices and reselling them at a higher price that matches current market values. As a sophisticated property investor, you know that this is the secret to a good investment. And when you purchase from distressed sellers who want a quick sale, you will even earn higher returns.

Where to find repossessed properties

There are a number of ways of finding repossessed properties. The most common are through:

* Advertisements. Check advertisements provided by estate agents. Some lenders transact through asset management firms who usually choose local estate agents to sell their properties for them. These adverts are typically placed in local property papers.

* Property auctions. One of the most popular alternatives for finding repossessed properties, property auctions offer hundreds to thousands of homes sold at prices lower than their true market value. Since lenders have a legal obligation towards their borrowers not to undersell their properties, they turn repossessed properties over to auction houses.

Buying below market value from distressed sellers

A distressed seller is a homeowner anxious to sell his house quickly – even at a price below the property’s true market value. You may ask yourself why anyone would even dream of selling his property below market value. The reason is that these sellers may be:

* Embroiled in a situation where they need to sell their property quickly. Such situations may include a divorce, relocation, family and/or inheritance issues, death, or job matters.

* Frustrated because their properties have been sitting on the market for some time – some as long as four months – with no imminent sign of a sale; or,

* Engaged in other important pursuits and do not want to be bothered with property maintenance.

Property investors who have become successful in their line of business understand that the key to their achievement is to find bargain properties especially from distressed sellers. If you want to buy a property, rent it out and earn additional income, be sure to buy cheap – which is possible through repossessed properties.



Rent Back Fast

There is lot said about equity and the action of repossession. However, usually due to the nature of the information, what has been said is imprecise to say the least. When someone takes a home equity loan or line of credit, he is indeed endangering his property; but up to what level? What does repossession imply? What is the difference with home loans?

These questions are to be asked and need thorough explanations with many legal concepts that are beyond the nature of this article. However, we can clarify some concepts and explain the basics about equity and repossession so you are well informed when searching for a suitable loan for your budget.



Sell and Rent Back

When times are good, times are very good. When times are bad, homes are repossessed. It is safe to say that the good times are over for home owners who have a mortgage to pay off and like clockwork the repossession industry is shifting up a gear.

The ability to sustain repayments on a mortgage can change rapidly. There are many home owners who have secured properties during the past few years who are now facing the prospect of losing their homes because they can’t keep up with their monthly mortgage repayments.

Property affordability has dropped considerably in the last few months as interest rates rise and lending criteria tightens. While it is easy to use hindsight to see that many home owners who are facing the prospect of losing their home should not have leapt onto the property ladder in the first place, it is more sensible to focus on the issues that they should have considered before applying for a large mortgage.

When assessing whether or not to buy a property, a prospective borrower should first look at whether or not the mortgage they wish to apply for is simply too big. It sounds so simple – and that’s because it is. Mortgage lenders offer products with income multipliers of more than five times an applicant’s salary these days which is more than twice as much as it used to be.

This raises the question – why the increase? Twenty years ago lenders assessed that borrowers could only afford a mortgage of about two to three times their annual wage. Why are they now suggesting that borrowers can sustain a mortgage of five times their salary?

Even if a borrower secures a mortgage that they can afford at present, potential future changes in the terms and conditions attached to the mortgage and potential changes to the household budget should be accounted for.

The most obvious factor that can, and probably will, change is the mortgage’s interest rate. When interest rates increase, monthly repayments on variable rate mortgages also increase. When fixed interest rate periods expire, the interest rate payable on a fixed rate mortgage may also increase. Both of these scenarios will result in an increase in the monthly repayment amount due on the mortgage and will therefore lower its affordability.

Finally, borrowers should factor in the possibility that their income may reduce. Any reduction in a household’s income will naturally lead to the mortgage, as well as other bills, becoming less affordable. There are various insurances available to mitigate reductions in income and borrowers should research this carefully when applying for a mortgage.

Borrowers who plan ahead and factor in potential changes in the variables detailed above will have a much better chance of funding their mortgage through the bad times and therefore holding on to their home.



Rent Back Fast

Adverse credit secured loans are loans advanced to people suffering form bad credit status. If you are facing arrears, defaults, CCJ, IVA, bankruptcy you can avail adverse credit secured loans.

Adverse credit secured loans aim at providing financial assistance to people suffering from bad credit status. According to FICO, the credit score ranges from 300 to 850 points. If you are having a credit score less than 600 points, you are eligible to avail bad debt secured personal loans. Adverse credit secured loans are secured in nature and can be availed by placing a property as collateral against the loan amount. This can be any personal property like home, car, jewelry etc. With adverse credit secured loans you can avail an amount ranging from £5000 to £75000. Placing worthwhile collateral as security can increase this amount. The repayment duration of adverse credit secured loans is very flexible and ranges from 5 to 30 years.

Adverse credit secured loans are very useful for people having bad credit score. As these are secured loans the interest rate is not very high. Also due to high competition prevailing in the market you can avail these loans at low interest rate. You can avail adverse credit secured loans for any of your personal or professional needs like buying a new car, going for a vacation, paying bills and so on.

There are many banks, financial institutions and lending firms that offer such loans, so search well before applying for the loan. You can use Internet to search for various lenders and get free loan quotes from their websites. You can then compare these loan quotes to choose the one that offers adverse credit secured loans at reasonable interest rate. Adverse credit secured loans can be availed online also. To apply online you’ll have to fill up an online application form providing your contact details. Lenders will get back to you within few hours with their offers.

There’s a famous saying that “prevention is better than cure” and experiences good or bad validate it’s truth. You must assess your repayment ability before applying for adverse credit secured loans. Apply for a loan amount that you can easily payback because lenders can seize your property in case of non payment of loan installment. Regular payments of loan installments will help you increase your credit score.



Sell House Quick

This is www.buypropertyportugal.com ’s next chapter of how to buy a property in Portugal, here we focus on the Algarve as it’s currently one of the most attractive places to invest and to enjoy investment growth while enjoying the sunshine on the beach

 

The Property Market

 

Why not choose to base yourself in an area with over 3000 hours of sunshine each year and give yourself the quality of life you deserve?

 

 

Portugal is an attractive location for house buyers, with the Algarve being the most popular area for British buyers, mainly due to the weather, golden beaches, and the abundance of golf courses. It is Portugal’s busiest, most developed region and it is reported that 90 percent of all property sales to foreign buyers are in the Algarve.

 

The age of Internet and ADSL means that mobility of labour is very much a reality and it is easily possible to maintain instant contact with colleagues anywhere in the world. Satellite TV means access to English language television and VOIP systems give you a U.K. telephone number and U.K. calls at low rates.

 

There are excellent air connections to anywhere in Europe and intercontinentally from Faro or Lisbon airports, making it perfectly possible to base yourself in Portugal and ‘commute’ back to the U.K. Many of the ‘budget’ airlines fly into Faro from Stanstead, Luton, Bristol, Gatwick, Heathrow, East Midlands, Dublin or Manchester and offer excellent value charter fares. Additional routes come on stream during the summer months.



 

Where to Buy

 

The Portuguese property market is showing consistent growth, strong rental demand, relative living costs and safe environment.

 

 

There is a wide choice of great properties in wonderful locations and often less expensive than the equivalent in France or Spain.

 

Remember that the summer months in the Algarve, especially August, are very busy in terms of traffic and there are visitors from the north of Portugal and from Spain as well as holidaymakers from all over Europe, all expecting good access to the beach. Unless you enjoy being part of the crowd you may appreciate being a little removed from the bustle. Being just a few kilometers inland can have considerable benefit.

 

Don’t forget to take into account your proposed usage of the property, if you are expecting to live in Portugal permanently then the factors that affect your decision on what to purchase will vary from those required if you are planning to rent the property out for part of the year.

 

Many properties inland or ‘up in the hills’ do not have mains water or drainage. Instead they rely on a system of cisternas (tanks) to collect rainwater and store water brought in by or pumped from a ‘furo’ (a bore-hole), whilst a ‘fossa’ or sceptic tank contains and treats sewage waste.

 

All of these facilities are reliable and capable of many years of unattended operation. Bear in mind if you plan to re-plant the garden, water can be at a premium in the summer months and a new garden may require a bore-hole to be drilled to obtain the necessary extra water needed for irrigation.

 

Drilling companies charge per metre for drilling and then the cost of the pump, control equipment and electrical installation must be added.

 

At Exclusive Algarve Villas, we  try our hardest to give you the latest and most up to date information on the Portugal property market and costs.

 

Please feel free to question our consultants about anything to do with buying and investing in Portugal, in person, via email at info@eavillas.com or on the telephone (+351) 282 353 019

 

Portugal remains an exclusive location, with fewer of the ‘over development’ problems of some of its neighbours. The opportunity to buy quality property in a great location remains excellent but, like all good things in life, availability can’t last. Portugal is slowly but surely being ‘discovered’ and if you’re going to do it, now could be the perfect time to step in to this beautiful country!

 

Portugal is an utterly charming country and relatively speaking still overlooked by second-homebuyers.

 

Many areas have an exclusive feel and second-homebuyers and investors are waking up to the advantages of buying in a country which has not suffered the mass development of other parts of Europe, which is quick and easy to get to, and where the cost of living is still relatively cheap.

 

The Portuguese market is very active, with purchasers from across Europe.  There are plenty of Dutch, French, Spanish and Scandinavians buying, as well as the British. This means that to buy your dream property, quick and decisive action is often required. New developments are selling particularly quickly at the moment and many properties are sold from plans.

 



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