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…)

Self Invested Personal Pensions (SIPPs) have gained an increasing amount of interest in real estate investments from pension holders over recent years. The concept of SIPP plans was originally introduced in 1989, creating a ‘hands-on’ approach for pension holders to make full decisions of how and where their pension is invested. For real estate to be eligible for SIPP approval, the properties are required to undergo strict criteria approval, ensuring greater security as an investment option.

Pension Benefits

The development of SIPP plans have enabled integration and flexibility for pension holders to determine how their funds are invested, enabling control over the resulting returns. Traditional pension plans have often been limited in diversification, where investment options were entirely controlled by the fund managers.

The introduction of SIPP plans has created the opportunity for under-performing investments to be changed at the request of the pension holder, maximising the return potential. The flexibility of a SIPP offers many distinctive investment advantages, avoiding the problems associated with traditional plans that may be trapped into financial losses during periods of economic downturn. (more…)