The recent approval of the luxury Manzara development with SIPP compatibility provides extensive benefits to investors. Located in Turkey’s most sought after coastal resort town of Kusadasi, the Manzara development has been gaining a wealth of attraction since its recent release into the general market.

Self Invested Personal Pensions (SIPPs) are regulated by the Financial Services Authority (FSA), enabling individuals to control how and where their pension funds are invested. Only real estate developments that have undergone approval from the FSA can be used for SIPP investments.

Providing an ideal location for strong mid to long term growth potential, along with an absence of capital gains taxes after 5 years ownership, Turkey presents and ideal real estate investment market. Turkey’s steadily growing economy, emerging market real estate demands and strong tourism growth, all assist in enabling an ideal market for SIPP investments.

For investors, the most important feature of the Manzara development is the financial breakdown. Designed to assist the buyer in the current real estate market, the developer has created a winning combination of investment features.

Owners can take advantage of a 5 year rental through a prominent European tour company, offering a guaranteed 6% annual return. Buyers wishing to arrange their own rental management are free to do so, as the guaranteed offers are purely optional. The 5 year rental guarantee can also be extended at the end of the term for an additional 5 years, enabling 10 years of guaranteed returns. The rental scheme provides 4 weeks personal usage each year, ideal for summer and winter breaks in a desirable holiday destination.

Investors wishing to take advantage of a fully managed apartment with guaranteed returns are also offered the option to sell their units back to the developer after 5 years for 150% of the purchase price. This guaranteed buy-back deal is written into the contracts of buyers who wish to take advantage of the offer, yet once again it is entirely optional.

Buyers requiring financing are further assisted with a developer mortgage entirely covered by the guaranteed rental returns. These 6% APR non-status mortgages have been specifically designed for clients of the Manzara development.

Buyers wishing to rent, manage, finance and sell their unit at their own accord are entirely free to do so, including live permanently in their property if they so wish. The investment features have been designed purely to benefit the buyers in the current market, yet are not compulsory. Mixing and matching requirements to suit the individual investor can also be arranged at the discretion of the developer.

Developer security is also important to many buyers of off-plan and under construction projects in the current market. The developer of the Manzara project has been active for 20 years with projects completed in Turkey, the UK and Bulgaria. Combined with a Dutch construction company, buyers receive the added security of purchasing from an established developer with a strong track record, along with securities in place to benefit clients in the event of unforeseen circumstances.

All units in the Manzara development are delivered fully furnished to 5-star qualities, with 24 hour room service. The 190 units are distributed between 7 apartment blocks, each with 5 floors, all benefitting from 24 hour security. Unit types available include studios, 1, 2 and 4 bedroom apartments, all surrounded by delightful Zen-style landscaped gardens.

Extensive services and amenities are featured throughout the development including two swimming pools, a spa centre, fitness centre, Turkish bath, Hammam, steam room and sauna. Other features include a poolside bar, restaurant, hairdresser and beauty salon. The full selection of services available to residents and guests is truly extensive, providing an ideal environment for luxury living.

Positioned in an idyllic setting with incredible panoramic views from every apartment, the location of the Manazara development is exceptional. Along with views of the marina, famous beaches, local castle and the near-by Greek island of Samos, the development is only minutes away from all local amenities. Easily accessible from both the Izmir and Bodrum international airports, the town is conveniently connected by an excellent road network.

Demand has been strong for properties in Kusadasi, as the popular resort town has become a sought after holiday destination. Cruise ships visit the town throughout the summer, increasing the population ten-fold, adding to the attraction for buy-to-let investments.

The benefits of controlling personal pension investments is gaining appeal amongst growing numbers of experienced real estate investors. Understanding market growth potential and investment options places an increased feeling of security for future welfare and ease of mind. The approval of SIPP compatibility for the Manzara development benefits all buyers into the project and continued confidence in the market.

The overall growth and decline of individual world markets in the real estate sector during 2009 provided excellent insight for predicting the expansion of letting markets during the coming year. The strongest activity for increases was found in the lettings markets, where continued favourable outlooks are expected in the majority of world markets.

Countries that fared the worst during 2009 saw only slight declines, where the significance was low in comparison to the previous year’s decline. This factor alone offers a positive light with the knowledge that the worst of the crisis in the world real estate market appears to be entering the light of recovery.

Whether 2010 offers extensive overall improvements in comparison to 2009 still remains to be seen, yet investor confidence is growing as market rebounds offer positive expectations. Sustainable markets that were experiencing positive growth prior to 2007 have remained the favourite contenders for investors planning to enter buy-to-let markets in 2010. (more…)

Changes in the real estate market over recent months have resulted in a growth trend in the lettings market. Property investors are increasingly attracted to yield returns obtainable from the buy-to-let potential of properties currently undergoing slow capital growth rates.

The attraction for placing properties onto the rental market while waiting for the re-sale market to improve is clear, yet as the number of properties available for rental increases, the need to optimise a property to obtain the best returns possible has also increased.

The attraction of the lettings market has grown due to the high demand for rental properties. As many potential buyers are unable to obtain mortgages or have insecure career prospects, property owners are in an ideal position for earning an additional income from their homes on the letting market.

Due to the high demand in sought after areas, strong yields are available in both local and overseas markets. In order to obtain the optimum yield potential it is necessary to ensure properties are presented in their best possible conditions.

While a full refurbishment of a property can be a costly process, the long term benefits and additional value can place the initial outlay costs into perspective. Simplistic changes can often create an entirely new atmosphere to a home, adding a clean and fresh appearance. (more…)

The popularity of purchasing a buy-to-let property along the coastal resort towns in Spain has lead to a variety of misunderstandings and general confusion regarding the rights of owners and tenants. Understanding Spanish rental contracts can assist with both owners and tenants to know the extent of their rights and obligations.

The extensive number of English speaking expats along the coastal resort areas has lead many tenants and landlord creating contracts in English. It should be noted that difficulties may be faced when using an English language contract, especially if any issues need to be bought to the attention of lawyers or the courts. Requesting a Spanish language contract is highly advisable and if the tenant or owner does not understand what is in the contract, going through the details with a lawyer, hired translator or trusted friend fluent in Spanish, will assist with full comprehension of the details.

Details that all contracts need to cover include the full names of the property owners and the tenant, along with their identification numbers and the address of the property. The contract will also need to include the length of the agreement and the amount of the rental payments. There are many other areas that both landlords and tenants should ensure are covered in the contracts to avoid future issues, rather than agree upon verbally. In fact, verbal agreements tend to cause the majority of problems which can be avoided by considering everything that may affect each party in the short and long term. (more…)

In developed nations the idea of rent control may appear outdated, yet various types of rent control exist to provide stability in the real estate market, not only to enable struggling pensioners to maintain their homes as the surrounding market skyrockets.

Rent control is a restriction on the increase of rental charges, assisting markets to remain reasonable in extreme growth circumstances. In most world markets tenants are protected by a form of rent control, whether it is a limit on the percentage increase per year, or a system where rental is set at a pre-determined level by the local housing authorities based on the market value of the home.

Rent control has become extremely effective over the past decade with the excessive, fast growth of real estate in emerging markets. While the attraction of foreign investments to boost a country’s economy may appear attractive at the initial stages of the market’s growth, it can often result in excessive rents and unaffordable housing for the domestic market. To counteract this issue, restrictions may be placed on rental increases, enabling the domestic market to access the housing, often a necessity in poorer countries only beginning to experience economic growth. (more…)

Property Letting Overseas focus primarily on the Spanish long and short term rental property market. A partner site of Property Investing Overseas, the sites have been designed to work in collaboration, assisting investment and lifestyle clients in the ever appealing emerging and established real estate markets.

The recent release of the new Property Letting Overseas web portal fills a long awaited niche in the market for comprehensive long and short term rental listings in the Spanish real estate market.

Set to expand in the near future to cover the extensive range of real estate investment locations currently covered by the parent site Property Investing Overseas, the success and growth will ensure all clients and agents are provided with optimum services from this professional company. (more…)

For many investors, purchasing a buy-to-let property in a foreign market remains primarily for short term letting. The option of renting the property long term holds a variety of advantages, equally in the owner’s domestic surrounds, as in foreign markets. Areas with strong influxes of ex-pat residents, city centres and year-round resort town areas tend to be the most beneficial for strong long term letting returns.

In the current state of most real estate markets, the mortgage sector has become increasingly difficult for potential buyers to access, leading to increasing demands for long term lettings. Although property prices are dropping considerably in many areas, the ability to access the market is more difficult in comparison to previous years, leading to increasing numbers of potential buyers looking into the long term letting market.

Many buy-to-let investors are considering the option of letting their properties for the long term outside the peak season, enabling a steady financial return without leaving the property vacant. Providing an income during the low seasons, owners are becoming increasingly adept to consider long term contracts especially when the high seasons have not been as gainful as expected, or as in previous years. (more…)

The concept of rent-to-buy schemes is not new, yet in the current real estate climate their attraction and availability is starting to generate a renewed interest. The process of the scheme is very self explanatory, yet several issues need to be considered prior to entering into a contract.

Essentially potential buyers enter a rental contract, with the intention to purchase the property at the end of a specified time period. The monthly rental payments are then taken into consideration to use in part or entirely towards the purchasing price of the property.

As the majority of real estate has been positioned in a seller’s market for most of the past decade, rent-to-buy schemes have not been successful, as they were not beneficial to both parties involved. The current market situation is seeing many properties spending excessive amounts of time on the market, leading to sellers becoming desperate to consider alternative options to achieve a sale. (more…)

Purchasing an overseas property for investment can reap excellent returns in comparison to various other forms of investments, provided suitable research is carried out. Selecting the correct growth market for short, medium or long term investments is essential to enable the intended returns.

Along with the capital appreciation gained from the growth in the particular chosen market, further returns can be obtained from rental income. Buying a property with the intention to place it onto the rental market can produce strong yield returns in the most sought after markets.

Areas with strong rental demand for short term letting options are normally within regions with tourist attractions. Tourism stability is essential for ensuring the maximum potential yield returns from an investment property. The length of the rental seasons determines the financial potential from short term letting property, with the highest gains obtainable during the peak seasons. (more…)

Investing in property in overseas markets has become increasingly popular over the past decade, with many buyers receiving excellent returns over relatively short periods of time. The buy-to-let market has developed into an exceptional international sector, increasingly fuelled by the ever growing mass tourism market.

Developing from holiday home ownership into a market of its own, buy-to-let properties have also gained attraction from those previously keen on timeshare, yet without the excessive costs, restrictions, bad reputation and best of all, the ability to own the property outright. Far from being viewed as a second home to upkeep, many buy-to-let properties in various overseas markets have extensive services in place, enabling an income generating investment with little or no maintenance.

Property management companies in place to look after the property, advertise for tenants and even pay necessary bills have made the distance of the buy-to-let property from the owner’s home location irrelevant. Many developers offer full furnishing packages included in the purchase price, along with guaranteed rental schemes, further assisting investors to never need to lift a finger in order to prepare the property for rental. (more…)