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Please see below for Links to other useful information.
Castle REAI Private Investor Services
provide professional services to both Life-Style Investors, seeking a property that
can also be used for personal pleasure and enjoyment, and Financial Investors that
are seeking to maximise investment returns and minimise risks, and have little interest
in personal usage of the property. Additional information about the investors that
Castle REAI caters to is provided at the
bottom of this email. Castle REAI provide
on-the-ground services for property investment in all of the most desirable regional
locations in Turkey, including Istanbul, Cesme, Kusadasi, Bodrum, Marmaris, Dalyan,
Dalaman, Gocek, Fethiye, Ovacik, Hisaronu, Kas, Kalkan, Kemer, Antalya, Belek, and
Alanya.
Quality of Life: The Life-Style attractions of Turkey are many;
spacious well designed homes; a warm and sunny climate all year around; exceptional
natural beauty of glimmering blue seas, green forested mountains, golden sandy beaches;
a wide variety of fresh foods and great restaurants with prices at a fraction of
what you'd pay at home; friendly and welcoming communities with low crime rates;
quaint traditional towns and fishing villages; a wide selection of activities catering
to all interests- from ancient history and the arts, to para gliding and water sports,
and magnetic night life - the Turkish life style option will very simply,
enrich your life! With such compelling reasons to be here, it
is no wonder that over 60,000 international investors have bought themselves lifestyle
retreats in Turkey over the last 5 years. And so can you! What are you waiting for…??
Turkish Property - Investment Merit: Property Investment in Turkey,
and especially Istanbul, offers better investment returns than any other country
within easy access of Northern Europe, and is conveniently located at the cross-roads
of major international flight paths to Europe, the Far East, and the Middle East.
Successive years of strong economic growth, population growth, tourism, and foreign
investment, have resulted in increasing demand for real estate. Steady capital appreciation
in specific density locations like Istanbul is supported by rental income yields
that have been increasing by 5-10% every year for the last 5-6 years. For specifically
structured property investments it is possible to achieve rental yields of 13 –
19%. The best new development sales values in prime central Istanbul locations have
increased from USD 1500/m2 in 2003 to USD 3500 m2 in 2007 to USD 10,000/m2 in 2011.
And yet there remain opportunities to buy property near these same locations in
central Istanbul for far better valuations- and significant discounts- with the
benefit of local knowledge. With the long term declining trend in interest rates,
and relatively low proportionate use of mortgage finance so far in Turkey, the market
has a long way to go on its upward ascent. And through Castle
REAI foreign investors have an opportunity to use mortgage finance
in Turkey at interest rates that are about ? to 1/3 lower than local property buyers,
effectively meaning that Castle REAI investors
are buying at an immediate discount to the other buyers in the Turkish market, thus
providing ample scope for resale profits.
Investment Services: Castle REAI provides the complete A-Z range
of ancillary services to assist real estate property investment in Turkey.
Research: Castle REAI provides services to assist investors locate
& identify potential property purchases, and maximise returns on their intended
property investment in Turkey. Additional information on these services is provided
at this link: Private Network Sourcing Research. In specific
cases Castle REAI may draw from extensive knowledge of local property development
projects in Istanbul and Turkey to identify and package investment terms meeting
a specific investment preference regarding price points, terms, guarantees, etc
Castle REAI is often in a position to identify, extract, and bring to market distressed
residential property development projects in Turkey and Istanbul on particularly
attractive investment, sales, and finance terms. Special care is required when purchasing
properties in Istanbul sold by promoters.
Due Diligence: Castle REAI provides scrutiny of your property purchase
transaction in Turkey at three levels: Asset: Investigation into
construction permits, habitation permits, zoning, planning permission, cadastral
demarcation, liens, disputes and other charges registered against title; Counterparty:
solvency, credibility, pending disputes and claims, financial indebtedness;
Contract: Payment Terms, Purchase Terms, Cost Sharing, non-performance
penalty clauses, recourse, enforceability, validity, mediation, security and liens,
rental guarantees, cash backs, buy backs, .contract execution, etc
Valuations: Ascertaining an independent value of a property in
Turkey or Istanbul is essential, and the ways in which valuations are performed
and how they are used differs considerably from other countries. The valuation in
Turkey is conducted by an independently licensed and regulated expert that conducts
an appraisal of all salient cadastral information and market comparisons. This is
not a structural engineering survey. In almost every case the expert’s appraised
value will not be as high as the sales price of the property. Each bank uses a different
methodology and appraisal technique and expert, and as a result the appraised value
can vary by as much as 30% between one bank and another. Castle REAI has specific
solutions to deal with these issues, as part of the services provided, which are
essential for mortgage purposes.
Mortgages & Finance: The world of finance and mortgages has
changed significantly since 2007. Obtaining a mortgage in Istanbul and Turkey is
the same as finding a finance partner for your real estate investment. No serious
real estate investor buys property without using finance- this is because the investment
returns are expected to be greater than the cost of the finance, so using the maximum
amount of finance increases the investment return. Understanding this is essential
to successful investing in real estate. Finance is a complicated subject despite
what a bank or mortgage broker will tell you. Obtaining mortgage finance for residential
property purchases in Turkey requires special attention because there are many requirements
that need to be fulfilled, and these are not automatically taken care of when a
property is offered for sale- which is usually the case in other countries. Castle
REAI is pleased to have been appointed an Authorised Solutions Partner of the largest
and longest established real estate finance provider in Turkey, the Turkish Mortgage
Centre.
Designer Self-Build Finance is a specific financing technique available
only from Castle REAI and is the only finance product available in Turkey that enables
high net worth individuals to budget in advance and build a bespoke villa designed
to their own specification.
Conveyance: Castle REAI provides investors with various options
on how to proceed with the transfer of title, registration of mortgage lien, and
settlement payments, depending in the client’s preferences to attend in person in
Turkey or have the matter dealt with remotely by our internal personnel.
Investment Precautions: You may have heard that buying property
in Turkey is easy- and it is- if you know what you are doing – remember that making
an investment and buying property in a foreign country with a different property
system, different legal system, and different financial system does require expert
advice and attention. And the best persons to obtain that advice from are definitely
not the person selling the property to you, the lawyer he recommends, or the agent
he has listed the property with. Avoiding unexpected difficulties, costs, and problems
requires careful and detailed planning and preparation. So if you want to make a
serious investment, with serious financial returns, you will need serious preparation
based on expert advice - independent professional advice is essential. The Principal
Partners of Castle REAI have been providing investment and finance expertise in
Turkey to the worlds leading fund managers for over 20 years. The expertise and
experience these investors rely on, is now available to you, too. Local knowledge
is key to successful property investment in Istanbul and Turkey. Property investors
from South East Asia, the Gulf, Northern Europe, and North America rely on the professional
services Castle REAI provides.
Castle Investors typically have different
requirements and preferences, but all share a common appreciation for maximising
both lifestyle and investment outcomes, with the best independent professional advice
available in the market...
Castle Residential Investors may be
seeking a specific second or third home that optimises their international tax position
while achieving viable financial returns and fulfilling discerning lifestyle preferences.
Castle Portfolio Investors are often
seeking to manage additions to a property portfolio, achieving diversification,
and rental yield objectives, utilising a mix of financing, payment, and development
strategies...from self-build to fully managed rental assets.
Castle Development Partners are often
seeking to identify project participation in the form of development assets, partnerships
with local contractors and constructors, marketing and promotional distribution
channels, and packaged commercial and residential mortgage finance solutions.
Castle Capital Partners are usually
prepared to undertake substantial commercial risk to sponsor a finance, development,
or re-positioning project that complies with a professional investment mandate or
business strategy.
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Castle provides
the only source of packaged investment
and finance solutions for designer
self-build projects in Turkey...
For more information please complete
the form
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