Quote:
Originally Posted by TH4S
My experience the market has slowed a lot in most of the coastal area's,
İs it just me, but there seem's to be a lot of members asking the same question,They want to buy to rent out to cover there mortgage's,;?
If this was such a good idea.then why are they so many empty buidings/ surplus properties along the coast.?
Answers on a post card please,  |
I agree with you that it has slowed on the coast possibly due to to much being offered and number of clients remaining steady.
With mortgages now in Turkey the majority of buyers who want to rent will use rent to pay mortgage if they can - In fact if they can rent to cover mortgage some will buy not one but a few properties.
In my view only real places you can do this in are the Cities Instanbul/Ankara/Izmir by buying a top quality property as there is big market for for quaility rentals in these locations. Bonus is any rent after tax should cover mortgage and capital returns should be good.