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Holiday homes to rent
• Villas and apartments in Turkey in stunning locations and coming soon, luxurious cottages in Bath.
Invest in Turkey for Major growth
• So says Global Property Guide's Property Recommendations. It says gross rental yields are currently at 5.48% with 'significajt potential for growth' Overseas Mortgage Finder also says Turkey is the 3rd largest source of enquiries for mortgages (June figures)
Tax rebate for holiday home owners
• Are you a UK resident for tax purposes?  Do you own a property available for holiday let in Europe?  Do you make that property available for let?  Did you purchase the property for more than £150,000? If you can answer yes to all of these questions, you may be eligible for a Capital Allowance Tax refund of around £10-15,000.    We have teamed up with International Property Success who have arranged a no upfront fees scheme with a tax expert.  The scheme is fully HMRC approved. The amount you can claim will vary according to the rate of tax you pay and the specifics of the property. Claims are administered swiftly.  You will receive a report on your rebate, showing how much you can reclaim, in most instances within 8 weeks.  International Property Success are advisers that specialise in the capital allowance field.  They do not charge upfront fees - you only pay once your case has been approved by your accountant.    Experience shows that unless an investor has access to the appropriate level of expertise it is rare for all available tax allowances to be identified which means that the majority of Investors are not claiming all the tax allowances they are entitled to.  If you would like to find out if you are eligible for this tax break, please contact us immediately.  Tax rules change frequently and can be withdrawn at any time.  This rule will be reviewed in April.
Hot deal from Pegasus
• Pegasus Airlines, Turkey's low cost carrier, are offering 5000 seats to Istanbul at £39.99 one way, for flights taken between November 2009 to November 2010.  The flights can be booked now and fares include all taxes and charges but are subject to availabitily.  Pegasus offer connecting flights to 11 cities in Turkey including Bodrum, Izmir, Ankara, Dalaman and Antalya.
Global property prices on the up?
• With interest rates around the world at an all time low, many countries are reporting signs of improvement in their property markets.
Fractional ownership increases its appeal
• More developers are looking at increasing the appeal of fractional ownership to mass markets.
Costa bargains reignite interest
• According to Rightmove.co.uk's overseas division, interest in the Spanish market is crawling up again.  Spain accounted for 21% of overseas searches on the website in June 2009, an increase of 0.3% on May.  France followed hot on Spain's heels with 17%, although the percentage of hits had decreased by 8.2%.  Half of the regions that featured in the top climbers list were Spanish, with Tenerife experiencing an 9.1% increase in searches followed by the Costa del Sol with an 8.7% increase.  Another high achiever was Turkey, whose market share rose by 13%, taking it into the top 10 countries searched.   The Bodrum Peninsula proved particularly popular. The biggest loser was Dubai with a year on year decrease in searches of 60%.
Investing for the long term - Villa Park
• People often say to us, “is now a good time to invest?” and the truth is nobody knows.
Eurozone recession deepens as house prices drop
• Data compiled by the Financial Times on house prices in the 16 countries of the Eurozone shows a 4.8% drop in prices in the final 3 months of 2008, compared to the same quarter of the previous year.
Wealthy French property owners warned of tax inconsistencies
• Despite President Sarkozy’s significant increases in the 'abattement', or level at which a beneficiary has to pay inheritance tax in France, wealthy property owners should still be wary of inconsistencies between the French and British laws that govern inheritance tax.
 
 
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Why Turkey?
View or download the full version of our 'Turkish Investment Property Guide'.

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Summary
Turkey is at the forefront of a new wave of European tourism and global investment. Turkey’s combination of low cost of living, high quality construction, accessibility from the UK and investment potential, has made it a favourite with us at Edison Ford as well as with British buyers in general. The Turkish real estate market is growing in leaps and bounds and, with future membership of the EU and continuing legal reforms to make investment in Turkey easier still, demand for investment property is predicted to rocket.

Edison Ford Investment Property offers you the opportunity to fulfil your dream of buying a new home, whether it is for permanent living, holidays or investment. At EFIP we make the process of buying as easy as possible, guiding you through every stage of your purchase: from finding you your ideal property, organising viewing trips with our Turkish partners, giving you all the advice and information you require to helping you with the legal formalities. We have also teamed up with solicitors specialising in Turkish property, offering you added legal security at a discounted fixed price. With our years of experience, expertise and professionalism, we can guarantee your peace of mind throughout your investment.


 
Why Turkey?
Edison Ford Investment property has chosen Turkey time and time again for its clients. This decision is based not only on investment potential, both in terms of capital growth and rental yield, but also location, economic stability and growth, trends in tourism, the security of purchase processes, construction quality and much more. In comparison to other emerging markets, Turkey has proven itself both extremely lucrative and secure.

Location

Turkey lies in South Eastern Europe (3%) and South Western Asia (97%), bordering the Black Sea, between Bulgaria and Georgia, and with coasts in the Aegean Sea and the Mediterranean Sea, between Greece and Syria. Although Turkey is 99% Muslim, it is a secular state that guarantees complete freedom of worship to non-Muslims. The Turkish nation is one of the largest in Europe occupying an area the size of Britain and France combined. The country can be divided into seven geographical regions: the Mediterranean Region, Aegean Region, Marmara Region, Black Sea Region, Central Anatolia Region, where the capital, Ankara, is located, Eastern Anatolia Region and the South Eastern Anatolia Region.

The most popular areas to buy in Turkey for investors and holidaymakers are the Aegean and Mediterranean coasts. Specific locations include the Bodrum peninsula, increasingly popular for property investment, Antalya, a region of distinctive natural beauty and coastal areas around the cosmopolitan city of Izmir.

Economy

Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agricultural sector. The largest industrial sector is textiles and clothing, but investment in energy, automotive and technology industries are boosting these areas significantly. Real GNP growth has risen to 7.6% worth $361bn. Inflation fell to 7.6% in 2005 - a 30-year low, but climbed back to 9.8% in 2006. Although the economy is still burdened by a high current account deficit and high debt, the prospect of EU membership, new oil pipeline projects and increasing global investment, suggest that a sustained period of capital appreciation and economic stability lies ahead.

Tourism

The number of tourists visiting Turkey during the last 15 years has increased by an average rate of 8.7% each year. In 2005, Turkey received nearly 18 million visitors, 1.5 million of which were from the UK - an increase of 56% since 2003. After a slump in 2006, Turkey expects the numbers to rise dramatically to 25 million this year in the wake of a new PR campaign.

Low property prices and living expenses and a sunny climate continue to make Turkey an ideal place to invest in property, or buy that dream holiday home. The buying process is simple, and as Turkey becomes increasingly westernised in its business practice and construction standards, investment confidence is high. With a population of over 70 million, there is a high demand for property and rental property. Property prices are rising, with house values increasing by 20%-40% last year alone. With the introduction of mortgage lending and new property laws in 2006/7 and more flights to Turkey, many experts predict this trend to continue for the foreseeable future.

Recent Investment

Over 62,000 foreigners own property in Turkey, according to a study by Erkek, which reported 6,053 transactions made between Jan. 7, 2006 and July 24, 2006. Of these the overwhelming majority of buyers were British. The number of UK investors owning property in Turkey rose from 2,964 in 2003 to 17,443 in 2006 – an increase of 488%. This is compared with an 85% increase in purchasing by other foreign nationals. The number of properties purchased by British citizens over this period rose by 426% with many people owning more than one property, whilst the number of properties owned by other foreign nationals only rose by 72%.

Build quality

Because we know the developers we work with and regularly visit their properties in Turkey, we can ensure that the properties we offer are of the highest quality and represent the best possible investment. Most of our team already own or are investing in property in Turkey themselves and have firsthand knowledge of the advantages and disadvantages of the different locations. As with any emerging market, property is readily available to anyone with money to spend, and unfortunately this has given many unscrupulous developers the opportunity to sell sub-standard properties at high prices. Here at Edison Ford we visit Turkey regularly to inspect developments and make sure that the property we offer will not only meet your expectations, but exceed them. We are confident that these properties will not only grow in value but will provide rental income, turning your dream holiday home into a viable business too.

 
Where to invest
Some of the most popular areas include the Bodrum peninsula, Antalya, and Izmir, all of which have their own coastal airport. Tourist development has been explosive along the Bodrum coast over the last 15 years. Tourism and property investment in quaint fishing towns like Bodrum, Marmaris and Altinkum have brought with them extensive new facilities, shops, restaurants and bars, as well as modern hospitals and supermarkets. A new airport and many new roads have increased the flow of visitors to the area, which is famous for being home to one of the Seven Wonders of the World. Because the area has strict planning laws, the developments have not spoiled the natural beauty of the region. Local residents have made the most of the opportunities of global investment, and welcome the new faces and developments around them.

Last year over six million tourists from 160 countries visited Antalya, one of the hottest regions in Turkey, which now boasts 8 championship golf courses where you can play in a T-shirt all year round. Although Antalya has the mildest winter climate, it also offers winter sports in the ski resort, Saklikent. A new cable railway car that is currently being finished will enable visitors and residents to experience both sand and snow on the same day. Other investment projects include constructing another cableway to Mount Tahtali as well as further tourist facilities. Property prices in 2006 started to drop and both the Turkish government and private investors are taking advantage of the low prices to invest heavily in this area.

Izmir is Turkey’s largest export port and with it’s growing population and combination of historical and contemporary culture, may well rival Istanbul in popularity. Surrounded by traditional fishing villages, the city is a busy industrial and commercial city with good transport links to all areas of Turkey, making it a popular location for commercial investment. The range of facilities and hotels, and proximity to famous archaeological sites like Ephesus also attract high numbers of tourists.

For details of our current Turkish offerings, please use our comprehensive property search, which can be found on any page of the EFIP website - selecting Turkey in the country field.

Having said this, it always pays to contact us as some of our recommendations will sell out almost instantly as they usually come with very lucrative discounts.

The above information is prepared to the best of our knowledge. Edison Ford accepts no liability for errors or omissions.