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Old 28-Sep-2006, 20:34
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chicken chicken is offline
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I bought a turkey last December. It was very tasty and I have no regrets.

What was that? You said "in Turkey"? Oops! Let me see if I can be a bit more helpful then.

Property is unique in being the only asset class (apart from maybe art but that's debatable) that lives in both the investment and personal utility world.

If you're looking at it purely from an investment perspective then you have to compare the prospective returns (both rental income and capital appreciation) against your alternative returns. So within this, you need to bear in mind that the Lira has been all over the shop recently.

If you're buying for personal reasons then it boils down to how much you like the area, whether you are happy to keep going back there, how important is it to you that you have your own place there rather than renting or hotels - and it sounds like you've taken a shine to the place (I've never been so I wouldn't know).

Let's call a spade a spade - saying "I'm popping over to my place in Turkey" sounds a hell of a lot cooler than "I'm going up to Manchester to check on my student hovel".

NOW, I'll get my coat....
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