10/23 Global Real Estate & Investment News from Propertyshowrooms.com

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Global Real Estate & Investment News from Propertyshowrooms.com Spanish property 'worth investing in' October 20, 2009 at 8:00 pm Property in Spain is now safe to invest in if buyers are sensible, an expert has argued. In his column for the property portal, Martin Dell of Kyero.com noted that the Spanish government has said the bottom of the market is close. He stated that some data from the government cannot be relied on, such as the official price figures, which he said are badly collected and subject to conflict of interests, with these underestimating the extent to which values of Spanish rental property have fallen. However, Mr Dell stated, the claim that the market is at its lowest point is more likely to be true and people can expect to invest "safely" in the belief that the upturn is not far away. Figures from surveying company Tinsa suggested that there was some stabilisation last month, Reuters reported recently. These statistics revealed a 7.8 per cent annual decline in values, compared with 8.2 per cent in August. Turkey 'boosted by exchange rate' October 20, 2009 at 8:00 pm Turkey's exchange rate with sterling has made it more popular with British holidaymakers, Marks & Spencers (M&S) has said. The M&S Travel Money Report for the third quarter of the year put the Turkish lira third in the list of most sought-after currencies for sterling conversions, with the cheap cost of visiting the country making it more attractive to holiday in. M&S travel money manager James Yerkess remarked: "The Turkish lira is one of the few currencies against which the pound has held its value since last year, meaning tourists heading to Turkey will still see their cash go further." Such a situation may boost those looking to invest in buy-to-let property in Turkey, as this year's trend might help establish it as a favourite destination with many people who might otherwise have opted for somewhere in the eurozone. Earlier this week, founder of brokerage firm Istanbul Mortgage Bahadir Teker listed a number of reasons to suggest why now is a good time to buy in Turkey. He told the Financial Times mortgages are plentiful, interest rates are dropping and affordability has improved.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.