Check out how they do real estate across the globe!
I’d like to start off by saying, who wouldn’t want to own a piece of property that borders on two continents?? You could have one foot in Europe and the other in Asia…well sort of, if you’re in Istanbul. Mind you, if you’re planning to buy in this city, you should have a substantial down payment…like 90%??!! Most residents of Istanbul don’t use mortgage services at all, and if any financial help is acquired, it is in most cases a small loan. How do they buy real estate and have that much cash on hand?? Wait for this…They SAVE it! If they can only afford a small apartment with the money they have…that’s what they buy. Then they save more and when they can afford to upgrade they do. A world away from the real estate business here in Oakville, where a large portion of the transactions taking place require financing. At the end of the day, we could use a few saving tips from our friends out in Istanbul. To me That is Not Average.
Check out more international blogs at http://www.yourglobalblogger.com/
"Not Your Average JO"
No comments:
Post a Comment