The following was received from a client who purchased a property in Turkey through The Global Property Group Ltd.:
THE GLOBAL PROPERTY GROUP
Over the last 20 or 30 years, those of us living in the colder regions of Europe have increasingly sought escape to its warmer parts, and not just for a couple of weeks a year but as a retirement destination.
As air fares have dropped and our standard of living improved, such dreams have become more attainable.
The effect in the destination countries has been for explosive growth of properties built for foreigners and rapidly increasing prices.
This appreciation of property prices has, if anything, fueled demand and others whose primary interest is investment, have entered the market.
And now all over Europe, even in some of the colder parts, there is a search for property which is significantly cheaper than at home and that demand is now being lead by speculators.
Those with equity in their property who can afford to extend their mortgage could build up a very nice retirement nest egg by joining the hoards shopping for property.
But alongside the many successful investors will be a one or two that lose money.
The difference is the quality of advice received.
Whilst we would all like to do our own looking, most purchasers have just a few days to find something that suits in an area they know very little about and there are plenty of pitfalls for the unwary.
In Chris Dunkerley, we not only have an ethical source of information about where to buy but also local contacts in the resorts who will sort out the logistics of a buying trip and show you as much property as you have the stamina to view.
I went over to Turkey last week to look at property in the Altinkum area. The Global Property Group man out there, Dave Bedford effectively devoted two whole days to assist that search.
In no way was it a pressure situation, he was just anxious to help me find something which I felt happy with and I did not come home empty handed.
I would like to thank the Global Property Group team for their help, without their knowledge and guidance it would have been very much more difficult and risky.
PQL Web Solutions Ltd.
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