Showing posts with label properties. Show all posts
Showing posts with label properties. Show all posts

Sunday, June 21, 2009

Turkish Luxury Properties and Property investments


Turkey's favorable climate, archaeological sites and beautiful beaches make it a popular tourist destination, attracting around 20 million visitors per annum. As the Turkish economy continue to expand the possible membership of the European Union will further lift the economy. Ongoing government reforms are being introduced and the period of co-operation with business and overseas investors continues to develop to facilitate an ever increasing property market in Turkey. It is estimated that Turkey needs approximately 400.000 new residences each year. New mortgage law passed in February 2007 and has encouraged competition in the market by bringing down the interest rates and increased the homeownersip.

Friday, June 19, 2009

Mexico property for sale continues to attract investors

Mexico has benefited from steady growth in real estate prices over the past few years and there is still definite potential for profit and income from the Mexican real estate sector based on it being a superb destination for retirees, second homers and tourists.

Since the economic turmoil experienced by Mexico in the mid 1990's following the devaluation of the Mexican currency, Mexico’s government has worked hard to establish a strong and sustainable economy and to promote and actively encourage foreign investment into many sectors including tourism and real estate - all of which further adds to the grear appeal of Mexico for international real estate investors and purchasers.

Mexico does well economically speaking from international property interest already – it welcomes a lot of North American retirees who choose to live full time in Mexico and it is welcoming increasing tourism from North of the border as well and with the release at the end of 2006 of Donald Trump’s Mexican showcase development in Baja came a resurgence of serious interest from investors and buyers from across the world for property in Mexico which has set the stage for a strong period of growth.