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April 5, 2008

Harmony Dream Village, Turkey – Does It Live Up To Its Name?

Filed under: Real estate news and opinion — Louise Crowley @ 11:26 am

Property developers are always looking for a memorable name for any new development so that it sticks in the mind of individuals that may be interested in purchasing property.

A development company in Turkey have certainly done just that. Harmony Homes in Bodrum have designed and built a whole range of developments with kooky and unique names featuring homes to match. One brand new development is especially intriguing - Harmony Dream Village.

Harmony Dream Village is currently undergoing the build stage of development and is due to be completed in July 2009. By all accounts, it is currently ahead of schedule so if you do invest in property here you can expect to be in your new home or investment on time.

This is all well and good but what does the development actually have to offer to people looking fro property in Turkey, aside from a fancy name?

A lot as it happens! There is actually a whole list of reasons why you should consider buying a property in Harmony Dream Village, starting with the location. Located in Dorttepe Village in Tuzla, Harmony Dream Village is blessed with terrific views. The luscious greenery and lack of other developments nearby ensures that the setting is entirely natural, although the links for transportation are excellent so you could easily get out and about to explore the rest of the local area.

This development occupies 26,000 square metres and contains just 91 properties, which are spread throughout the 34 buildings. As you can see, it is by no means over-developed so you have no worries when it comes to the value of your property deteriorating, as has happened in some other European regions as of late. It will undoubtedly remain exclusive for some time to come.

The exclusivity of Harmony Dream Village can in part be attributed to the facilities on site, which are nothing short of luxurious. You have a sauna, fitness centre, outdoor heated pool, indoor heated pool, children’s play area and landscaped gardens in which to while away your time. As a resident, you have unlimited access so you can up your lifestyle and enjoy a little ‘me’ time whenever you like!

If you are beginning to see why Harmony Dream Village may be appealing, you ain’t seen nothing yet! You have three choices when it comes to choosing a property there, all of which are very different but equally appealing at the same time:

  1. 15 three bedroom, two bathroom villas. They are all detached and come with a private pool if you so wish (you actually have a choice)! The main features include a gallery, a spacious living room complete with high ceiling and fireplace, private garden and terrace.
  2. 16 apartments with one bedroom. You can choose from ground and first floor, and all of them have private terraces. They are spacious and have excellent décor as well.
  3. 60 apartments with two bedrooms. Every one has two bathrooms, a private balcony and beautiful décor. You can choose from a ground floor or a duplex.

With all of the choices it is difficult not to jump at the chance to move to or invest in Harmony Dream Village, and for £60,000 you can! This Turkish property development is certainly worth investing a little time to check out - if not your cash.

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First-Time Buyers get Careful in Canada

Filed under: Real estate news and opinion — Kathryn Collins @ 10:09 am

With the current American real estate market stall, it seems that Canadians are doing their best to learn their lesson. True, the situation in Canada is far from a mirror of that in the United States, but Canadians - and especially first-time buyers - are taking action now to ensure they don’t end up in trouble later.

Foreclosure and bankruptcy scare buyers smart

It’s a fearsome scenario: thousands of Americans who were tempted into buying properties they couldn’t afford by zero down payments and short-term dazzling interest rates are now facing the prospect of losing their homes to the bank. Canadians have been watching the drama unfold very closely - the problem is so epidemic that American presidential candidates are basing large parts of their campaign platforms on bailing these unfortunate citizens out of trouble.

To say the least, witnessing this situation from the north has been educational for first-time Canadian buyers. More than ever, they are wary of deals that seem too good to be true in favor of being prepared for the long term. They are consulting with hosts of mortgage brokers, combing the Internet for information, and checking the math themselves to make sure they’ll still be able to afford later what they’re planning to purchase now. They are doing lengthy research to find suitable homes that balance their lifestyle needs with their financial abilities.

Canadians remain confident in the housing market

The decline in activity in the Canadian real estate market has been of concern despite that it pales in contrast to what’s happening in the United States. However, a recent study indicates that first-time Canadian buyers are still confident that the Canadian real estate market is a safe bet. The statistics show that buyers trust in the long-term financial growth of their property investments and are relatively unconcerned with the recent short-term declines in Canadian housing prices.

Buyers in Canada are concerned, however, with high monthly mortgage payments and the potential for property taxes and interest rates to increase. For this reason, Canadians are being careful to avoid zero down payment mortgages or other dicey plans that promise to get them into houses they can’t really afford. They are combing new development listings and websites like www.mls.ca to find properties for which they can afford a healthy down payment now as well as manage the mortgage payments down the road.

It’s all done with good reason; after what’s happened in the United States, most first-time Canadian buyers are doing all they can to avoid over-committing themselves in the real estate market. They have realized that it’s better to be cautious for the sake of preserving and increasing their long-term overall financial health.

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