first time buyer - where to buy?

[Aegean]

Watch out for any guaranteed rental incomes as in the main the money being guaranteed has been factored into the sale price and any rents taken are a bonus for the developer. Fact not fiction.

Go for a place which will give a good rental income and Istanbul has a shortage of high quality apartments. In addition 75% LTV value mortgages are available.

[realestatemart]

if you need my advice i recomnd you red sea area best rental income ever

[Aegean]

Originally Posted by realestatemart

if you need my advice i recomnd you red sea area best rental income ever

OK please explain fully why best rental income?

[om khalifa]

well dubai is great place to invest your money

[rowlandsbb]

Maybe but a long way to go for a weekend and to look after yourself
If you are just starting be safe and buy where you can get to eg Spain
I know many will say that the market is overblown but there are still some good buys and the prices reflect that it is static and very similar to UK market
Less risk now because of new regulations, that is if you buy via the right agents
When you can still get a 2 bed maisonnette in a good location for 104.000 € and with 30% deposit a mtge up to 40 years and up to 15 years interest only[ from a good bank not a builders offer!!!]... the repayments are quite low
Or if you like your golf then why not a Polaris World Golf studio from 89.000 € and be able to play all their golf courses
Any non EU so called emerging markets are risky, if you do well then OK but you have to know what you are doing.....so not for first timers!

[Aegean]

Originally Posted by rowlandsbb

Maybe but a long way to go for a weekend and to look after yourself
If you are just starting be safe and buy where you can get to eg Spain
I know many will say that the market is overblown but there are still some good buys and the prices reflect that it is static and very similar to UK market
Less risk now because of new regulations, that is if you buy via the right agents
When you can still get a 2 bed maisonnette in a good location for 104.000 € and with 30% deposit a mtge up to 40 years and up to 15 years interest only[ from a good bank not a builders offer!!!]... the repayments are quite low
Or if you like your golf then why not a Polaris World Golf studio from 89.000 € and be able to play all their golf courses
Any non EU so called emerging markets are risky, if you do well then OK but you have to know what you are doing.....so not for first timers!

Lets be honest buying property outside of your home country can be risky - Provided as you say you know what your doing and do you homework buying anywhere can and in many cases does give rewards.

[realestatemart]

Originally Posted by rowlandsbb

Maybe but a long way to go for a weekend and to look after yourself
If you are just starting be safe and buy where you can get to eg Spain
I know many will say that the market is overblown but there are still some good buys and the prices reflect that it is static and very similar to UK market
Less risk now because of new regulations, that is if you buy via the right agents
When you can still get a 2 bed maisonnette in a good location for 104.000 € and with 30% deposit a mtge up to 40 years and up to 15 years interest only[ from a good bank not a builders offer!!!]... the repayments are quite low
Or if you like your golf then why not a Polaris World Golf studio from 89.000 € and be able to play all their golf courses
Any non EU so called emerging markets are risky, if you do well then OK but you have to know what you are doing.....so not for first timers!

best Advice is go to the country youwantto buy your property in and check it yourself, Realty is totaly different than imagination

[rowlandsbb]

Can you actually but a 'Freehold' direct in the Red Sea and are there any restrictions for non locals buying?

[Aegean]

Originally Posted by realestatemart

best Advice is go to the country youwantto buy your property in and check it yourself, Realty is totaly different than imagination

Totally agree with you but get as much background info you can before going - Internet and this forum will help. That way you will see who is full of BS on the ground.

[realestatemart]

Originally Posted by rowlandsbb

Can you actually but a 'Freehold' direct in the Red Sea and are there any restrictions for non locals buying?

Yes In Hurghada its totaly free hold and allowed to foreigners to register properties under their name and have the property ownership in Sharm its not a free hold its 99 years benefit contract