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.

As Turkey continues to progress as one of the most sought after emerging markets for property investing, several questions repeatedly arise from potential buyers considering the location. Below is a compilation of ten of the most frequently asked questions about Turkey as a property investment location.

1. What makes Turkey an interesting investment market?

Currently Turkish real estate is one of the strongest emerging international market growth sectors, showing excellent potential for continued demand and expansion. Capital growth for mid to long term investments, along with good rental yield potential are attracting investors to the country’s property sector.

Coupled with the country’s domestic market, demand for property currently exceeds supply, resulting in fast increasing real estate prices. Growth within the tourism sector and interest to re-locate are also areas creating further demand and a strong growth market. (more…)

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…)

Investor interest in the Turkish real estate market has been steadily on the increase, despite the downturn affecting various other world property markets. Not only is the investment market progressively growing, lifestyle purchases are gaining appeal from many European buyers.

Buying a property for either investment or lifestyle follows a very straight forward process, where additional incentives have been imposed by the Turkish government to further attract buyers. These incentives include the temporary lowering of title deed fees, along with the absence of capital gains taxes on properties re-sold after a specific time period.

Interest in Turkey’s sought after emerging real estate market has developed significantly with various benefits including pre-EU property prices, strong capital growth, economic stability and ideal buy-to-let market opportunities.

The payment of a holding deposit will be required once the property to be purchased has been selected. The holding deposit may vary between developers or agents, yet usually amounts to approximately €3,000 or £2,000. The holding deposit will remove the property from sales listings while the legal paperwork and due diligence is carried out. (more…)

Established markets for real estate investments are currently undergoing scrutiny for their continuation as ideal long term options. Traditionally considered to be the safest selection for long term growth potential, market downturns of recent times have caused a turn-around in many buyer’s opinions.

The situation has created opportunities for several emerging markets to prove their staying power as genuine contenders for long term strength. The strong gains and market stability traditionally reserved for established markets has, over recent times, shown a true test of each market’s genuine worth.

Profits eventuating from previously strong markets have dropped, often to the point of severe losses, causing investors to look at newer markets. Turkey has shown itself to be a strong contender against more traditional investment markets, such as Spain. (more…)

Interest in the Turkish real estate market continues to soar, with the first half of the year seeing continued demand from buyers keen on the extensive range of benefits the market offers.

The main demand from clients has been for new and off-plan properties in the coastal regions such as Bodrum and Kusadasi. Interestingly, holiday home purchases have been the most sought after investment option amongst buyers in the Turkish real estate market.

While investors are aware the Turkish property market can produce some lucrative returns as a short term opportunity, many buyers are taking the less risky approach to investment. Combining the various appealing attractions of the Turkish property market, mid to long term investments have become the most popular buying option. (more…)

As interest continues to generate for the purchase of Turkish real estate investments, one area of confusion for many first time buyers is often surrounding the necessary military clearance procedures. Military clearance is required by all foreign nationals purchasing real estate in Turkey, prior to the title deeds being transferred into the new owner’s name.

The process of military clearance is simply to ensure that the property being purchased is not located within a restricted zone. Once the clearance has been obtained confirming the property is located within a permitted area, the application to purchase is automatically accepted.

Areas affected by military restrictions include military land and areas of national security, historical areas and land of cultural value, mining and agricultural land, land in ecological and biological sensitive areas, registered forest areas and important areas for energy purposes. (more…)

Investors previously interested in the Dubai real estate market are now looking into Turkey for the economic stability, strong mid to long term growth potential, stability of the overall market, lifestyle similarities, attractive short to mid haul flight options and overall confidence in the market.

Interest continues in the Dubai real estate market, yet not at the same pace as in recent years. The downturn of the market has lead to potential Dubai property investors considering other markets showing stronger growth potential and stability.

The drop in sales over the past two years has lead to a surplus of units available and a subsequent drop in property prices. While the lower cost of units provide incentive to some potential buyers, others with an interest in the market are holding back to avoid further potential losses. (more…)

While not the capital of Turkey, Istanbul is the largest city and the financial, industrial and cultural centre of the country. With a continuously growing population of over 12.5 million, Istanbul is the 5^th largest city in the world. Surrounded by the Sea of Marmara, the Golden Horn, the Bosporus Strait and the Black Sea, Istanbul is connected extensively with sea ports.

Famous for being the only city in the world situated on two continents, Istanbul truly does bring together the East and the West. Around 70% of the population live of the European side, yet the city is well connected by highways and ferry routes to the Asian side. In fact, the commuter ferrying between both sides of Istanbul fortify the city in both business and tourism. The extensive land and sea routes connected through Istanbul create an economic centre for the country, along with international connections for foreign trade routes.

Istanbul has a long history dating back to the Copper Age where human settlements have dated back to around 6500BC. During its extensive history, Istanbul has been a capital city and centre of several empires including the Roman Empire, the East Roman Empire, the Latin Empire and most recently the Ottoman Empire. Only in 1923 with the forming of the Republic of Turkey was the capital city moved from Istanbul to Ankara. (more…)

Kusadasi is a unique tourist township along Turkey’s Aegean coastline, where the local population expands ten-fold during the summer months. The modern, European style resort town of 50,000 is heavily reliant upon the tourism trade generated from cruise ships. Arriving to the local port, cruise ships assist with the growth of the local population to around 500,000 every summer.

Included in the population growth are Turkish employees who head to the town each year for the extensive variety of employment in the service sector. Located between another popular resort town of Bodrum to the south and the large city of Izmir to the north, Kusadasi is a favoured destination for many holiday makers visiting Turkey.

The picturesque town features a stunning turquoise bay in front, backed by the Kaz Dagi Mountain behind. Exceptionally well connected to the surrounding main towns and the rest of Turkey, Kusadasi can be accessed by either the Izmir or Bodrum international airports. There are also daily ferry services from the Kusadasi port to the nearby Greek Island of Samos. (more…)