Those with investments in ski resorts will be gearing up for the winter season but it is possible to make money from rentals out of season according to the property forums this week.
Turkey emerges as one country where rental income is possible outside the traditional summer months. A thread on the totallyproperty.com site indicates that the autumn and winter attracts the golf fraternity. Then there are possible business rentals in major cities like Istanbul and Ankara and in locations like Fethiye it is possible to ski in the morning and swim in the afternoon.
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There is also excellent advice from expats on this thread relating to everything potential property investors in Turkey might need to know. As always, a vital part of buying in Turkey is making sure proper title deeds, or Tapus, are in place.
There is a similar warning on the Channel4 property forum. There are a lot of people selling property without deeds. There is an actual Tapus office which handles the exchange of deeds.
It is also interesting to know that it is common practice in Turkey for a seller to put a property with several different agents at different prices. This does not mean that the agents are trying to pull a fast one; it's just what sellers do.
There has been a lot of criticism in the press about the UK government's decision to temporarily lift the stamp duty threshold by £50,000. The reaction from the property industry has been scathing with even the respected Royal Institute of Chartered Surveyors declaring the move inadequate.
The forums indicate that property buyers and investors aren't very impressed either. On the propertysecrets.net forum opinions are fairly negative. The move is judged to be too little to late, to have a miniscule effect on the property market and doesn't help with one of the basic problems, namely the difficulty finding a lender in the current climate.
As well as looking for the next emerging markets property investors are wise to keep an eye on the next crashing markets. With this in mind there are indications on the indianrealestateforum.com that prices are falling.
It is an incredibly familiar picture. Incomes are stagnant, greedy developers, lack of rental market, rising inflation and a tight money supply. It could be the US, the UK or even any part of Europe. No, it is India.
One of the main concerns is the increasingly creaky stock market in India. Several members point out that a falling stock market is likely to be reflected in the property market. Some are even predicting property prices drops of 20 to 30% and real estate transactions are down by 50%.
Although there is hope with Delhi hosting the Commonwealth Games in 2010. Several posters point out that there is likely to be an effect similar to the Olympic effect with property prices rising in the run up to such a prestigious international sporting event.
The woes of the Spanish property market are regularly debated on the eyeonspain.com forums. Rarely is there good news. An examination of this week's latest news shows that more developers, builders and estate agents are set to go out of business.
But is this good news or bad news? It is often the case that those who go under first are those that are not the best. So one point of view is that it is the rogues who will disappear and that is no bad thing.
One poster, Georgia, reveals bad news following a conversation with a high standing member of the banking and financial community. 'He named three builders that will inevitably fold and declare bankruptcy within the coming months. All three builders have large developments in all stages of completion and although I do take everything with a pinch of salt I respect his opinion,' she reports. This could leave more investors with headaches in Spain.
But there are always those worse off – look at the US for example. Despite the US government decision to bail out Freddie and Fannie, there are a lot of worried property owners and investors out there. Its scary stuff according to the biggerpockets.com forum.
Property investors are wondering what the government bail out will mean for them. Do they sell now, try to get a bigger mortgage, try to pay off their mortgage, or just do a disappearing act. Who would have thought it could get this desperate!
