No different really from home - a smart buy [location & value for money] attracts the punters. I and some friends have had no problem with reselling propertes we bought.
Having said that - property is increasing in prices but they are not all increasing at the same rate but everyone wants the max. I bought a small 3 bedroom villa for 54,000 euros and was happy to take the 65,000 offered after 12 months but my neighbour wants 75,000 for the same villa he bought 6 months earlier.
The introduction of 80% mortages shortly will have a good lifting effect on property prices as customers will be able to access more funds.

Pats right. It seems to be a buyers market at the moment with lots of overpriced properties hanging around for a long time. I think the 3 L's (location etc) is really important in Turkey. Do loads of research on the internet and then get over there not with a view to buying on the first trip but travel around and get a feel for several areas.

advise I've picked up that sounds very valid. Pick somewhere that has appeal for all nationalities. That way when you come to sell it won't be limited to a small area of interest. e,g, some of the beach areas which are closed in winter may have little appeal to a Turk who wants to live there all the time. Effectively reducing the amount of potential buyers

What Mrs T says is exactly right if you buy in a small resort your resale market is limited to those who want holiday homes. However if you look at the bigger cities Alanya and Antalya for instance their is a constant market of both Turks and foriegners. A lot of people have problems reselling because they over price their property, best to not believe the hype about 40% per year growth and sell at a sensible price which allows a fair retrurn and makes the purchase viable for the buyer. The market is likley to improve somewhat once the mortgage situation is properly sorted out , hopefully in the spring.

there are also shedloads of new builds that are unsold and seemingly no sign of new building slowing down....... keep your price competitive and buy in the right areas

I'd like to offer a view from the other side of the fence (I was an agent for £10m+ value of properties and now a developer). Here are some observations gained, they are offered as an honest appraisal of my experiences with the buying British public, who were looking for investment rather than holiday home.

You also need to consider the type of property, completion date (if applic.) and size of development. These are often missed when evaluating what may be a shrewd investment here.

Rather than show an example of a good investment, here is an idea of a poor bet:

A two bedroom apartment, 15 minutes walk from the beach, in a complex of 72 units, completion date late 2007. Attractively priced.

OK, sounds lovely - keep your money in your pocket for a minute or two. The main things the above need to say to you - when you come to sell -are the following:

1. Two bedroom apartments are by far the most common unit type. Your potential buyer will be able to see dozens like yours.

2. 15 minutes walk from the beach - imagine how many similar properties are 2 minutes walk from the beach, not many - 5 minutes - a couple of dozen? 15 minutes walk from the beach - most of them? Again, you will be in the market with so many alike properties.

3. A complex of 72 - at first glance this may mean lovely big pools and maybe other useful on site facilities - bar or full time security staff - but you are likely to spend a long time having your resale property for sale at the same time that the developer has lovely gleaming new ones available, and possibly at the price you originally paid - your chances of shifting yours over those (and making a profit) are minimal.

4. Exactly the same problem as 3. Furthermore, the liklihood of others doing exactly what you are planning to do is high.

You can make a good short or long profit here in Turkey - and using the above you will be looking for as many of the following as possible...

1. A 3 bedroom+ apartment (also helps if you are buying to rent - can you imagine how many 2 beds there are, and how many families who can't fit in a 2 bed?)

2. Keep close to the beach, or close to the centre (if no beach) as your funds allow. Buy smaller but closer if you need to compromise.

3. Buy on an attractive, small complex. No more than 12 units.

4. Buy on a project nearer to completion if possible. Off plans make good investments, but only when you consider the earlier points.

Using the above information, you can make a good return - I've helped dozens of people make money here.

Take time to ensure everything has been done correctly - it's almost funny how many people insist on double glazing - but don't even take time to try the windows to see if they open and shut properly - even though they stood and looked out of them. That is your choice, it's your money you will be sending.

As a final observation based on past experience - assume nothing. Make sure everything that is important to you is in the contract - the spoken word is easy to trust here, the written word is easy to prove.

Scunner

Sound advice scunner for buying in any location

This is very good advice Scunner.

You've got me thinking now before i go buy something.