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The golden touch – How to make the most of your second home

Let’s get this straight – most people who buy a second home in another country would really like to know that some time in the future, it will be more than a just a great place to spend their holidays. After all, you can find a nice hotel in your chosen location and visit it for years and years before even coming close to laying out enough Money to buy a Property.

So why buy? Because putting money in bricks and mortar has always been one of the most certain ways to ensure a return on your investment. A well-built, spacious property in a good location has intrinsic value in its own right and its value will grow organically. As the cost of goods generally goes up year by year, so does the value of bricks and mortar. As long as you don’t buy in a bubble – when prices are so inflated that they are way beyond the actual value of what’s being sold – you can be sure when you buy property that you’ve chosen a good bank.

Of course, there are ways to maximise the amount of interest your money will earn in your property “bank” and it’s all about location, and on several different scales. Look for high growth potential. Sure, Marbella is a great place and property there has gone up in value a huge amount in the last 20 years. It has everything going for it – a marina where the millionaires hang out on their yachts, designer stores, immaculate beach front, posh restaurants, expensive hotels - you name it. Yes, I wish I’d bought property in Marbella 20 years ago too! Can’t afford it now... And that’s exactly the point. Look for the potential.

A lot of our customers did buy property in Spain 20 years ago, and now they’re coming to Turkey with the money they’ve made, wanting to make some more! They’ve seen the signs – a young market (foreigners have only been able to own property in their own names in Turkey since 2002), lots of new properties being built, increasing publicity in the press and on TV, and marked improvements in the public infrastructure – and want to repeat their success.

We also have a lot of customers who didn’t buy property in Spain 20 years ago. They’ve seen the signs too and this time they don’t want to miss out.

And these are the people that are choosing to buy property in Altinkum. What do they see in Altinkum? Potential. It’s an established resort, but a relatively new one. It’s got a tourist industry that’s getting stronger and stronger, particularly among families, who like the friendliness of the people, the beautiful sandy beaches and clean, shallow sea, the family-friendly restaurants and the nearby water park. Couples are flocking to Altinkum too – the relaxed atmosphere, the romantic seafront restaurants and the many historical attractions within a short distance all add to the appeal.

There’s been lots of investment in Altinkum recently too. New roads have been laid, traffic lights installed, the beachfront promenade has been paved, planted with palm trees, lights and these clever gadgets that flash up the time and the temperature so you can boast to your friends at home how how it is. And there’s more to come. There’s already a harbour but the Turkish government has given planning permission and a grant for – yes – a marina. Here come the yachts now, I can see them on the horizon... And there’s that golf course too. It hasn’t been built yet. We don’t even know where it will be exactly – but it’s coming.

And geographically there’s more potential here than some of the other popular resorts in Turkey. Most of them are hemmed in by mountains and so they have already reached capacity. The big money’s been made, you’re too late. Why? Well imagine a skyscraper for a moment, a big tall one, 100 floors, made of money.This could be your money. Each floor between you and the top of the skyscraper is money you can make when you buy your property. Do you want to start on floor 99 and make one floor’s worth of money, putting 99 floors in yourself? Or would you rather start on the first floor and make 99 floors’ worth of money?

So do your research and look for the clues – recent government investment in an area, popularity with tourists, and of course, a dead giveaway, number of estate agencies marketing property in the area! And once you’ve done your research, move quickly to get the maximum benefit from your investment.
www.tropicalbeachhomes.com Copyright 2005 Turquoise Homes


This post first appeared on Altinkum Property, please read the originial post: here

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The golden touch – How to make the most of your second home

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