While buying property for sale in Bulgaria, and especially when it comes to brand new developments, often marketed off-plan, most British investors are “seduced” by the rent out options of 8-10% annually. The truth, however, is yet to be discovered as few Bulgaria property developments can actually boast realistically such percentages, the majority still being quite doubtfull in their proof of viablity.

The nature of the Bulgaria property market is very dynamic as the market itself is quite young and as the sellers still dictate its bias. Looking from the stand point of the developers and their agents, or simply from the stand point of the home owners, the recent leap of the prices is the major driving force when it comes to whether to sell, build or both. Combining the popular in Britain menatality of investing for renting out with the local desire for quick profits, many sellers and developpers are tempted to promise unrealistic figures. Aside from few regions along the Black Sea coast and in the mountain resorts, the rest of the country cannot offer even fraction of the easily promissed bombastic returns on investment. Looking deeper into the Bulgaria property market, even the Black sea coast developments are dubious and contingent on too many unknowns.

According to International Herald Tribune 18% of all Bulgaria Property sales had been made by Foreign Customers in 2004. Again another 23% of the total sales on the Bulgarian Property Market have been made by foreigners in the year of 2005. Baring in mind those growing figures it is no suprise investors are offered temptation after temptation playing around the probability game for not merely capital gains but in the short run – income from letting.

In a bestseller called “Hardball: How the politics is played told by one who knows the game” a famous phrase comes to mind when we talk business in general. “All politics is local” – so is the business, whether you like it or not. So is the property market in Bulgaria- it is driven primarily by local demand and supply and not by investments from overseas. According to RICS the drastic increase of the value of the Bulgaria Property market could not only be attributed to Foreign Investors. The reason is also the increased demand from Bulgaria property owners to replace their old Bulgarian property. However, in the mentality of the Bulgarians buy-to-let is a concept unknown, and what’s more, relatively unacceptable.

The land investment industry in Turkey is able to provide expertise in single and multi land ownership properties, rent, leasing, reviews, budget forecast, accounting as well as strict quality control in landscaping, security, cleaning, maintenance services, and administrative support. Huge residential lands, single tower and multi-tower residential properties, industrial buildings, commercial premises, regional shopping centers and parking areas, are among the land properties being invested in Turkey.

In addition to the land property management industry, land investment in Turkey also involves land investment services and benefits. The land industry services in Turkey include the negotiation of lease renewal and rent review, collection of rental and various charges, processing and management of tenancy documentation, asset management and capital budgeting as well as cash flow projection and evaluation. Valuation and estate surveying, property agency, projection, asset consultancy and capital budgeting are also among the many services provided by the land property management industry of Turkey.

The political, social or economic benefits Turkey will gain out of these government policies and privatisation programs are still not yet proven and seen. In 2004, there has been a significant increase in the amount of initial land investments being listed in Turkey. This in turn has a potential tremendous effect on the share values of listed property companies in the country. Currently, Turkey has already a high degree of private sector participation within its land investment industry. Privatisation will then result in more concentration on the improvement on the efficiency of assets in terms of cost reduction and increased revenues. The increased capital or margins may be utilised to further enhance and develop the core operation of the land investments in Turkey as well as to reduce and minimize the costs incurred through the provision of land services to the end user and other stakeholders involved.