A range of particularly affordable properties with several advantages for fly to let investors are being marketed in the Italian area of Puglia.

For £50,000 you get a 35sqm one bedroom bungalow with a 6sqm veranda, £66,000 buys you a 55sqm one bedroom bungalow with a 15sqm veranda and £70,000 buys you a 65sqm two bedroom bungalow with a terrace.

They are on the Manduria development which is half a kilometre away from the beach and 2km from Brindisi airport.

As well as rental income, buyers will make a good return if they hold their property for five years before selling, as capital gains tax is not charged on properties sold after five years of ownership, before that the gain is charged as income.

Rental income is taxed at rates between 23-45 percent though reductions are available. Total transaction costs are between 10 percent and 22 percent.

Inheritance tax is between 4 and 8 percent depending on relationship between the deceased and inheritor and the amount or value of the inheritance.

Owners of a Manduria property, which are being sold through David Stanley Redfern, can expect yields of around 8-10 percent from holiday makers, and capital appreciation of around 15 percent per year.

Puglia in particular is a strong favourite with tourists because it has retained its heritage and Italian culture.

• Turkey is becoming one of the most popular countries for UK buyers of overseas property.

New resorts, golf courses and other tourist facilities have prompted the Turkish government to spend money on improving roads and airports and these are clear indications of a growing tourist economy that will boost capital growth for today's property investments.

Year-on-year increases in tourist statistics are maintaining Turkey’s position as one of the ‘four emerging dynamic markets’.

One recent report revealed that during 2007 Turkish Airlines’ passenger numbers rose by 16.3 percent to 18 million, with a sizeable percentage of these travellers coming from the UK and the rest of Europe.

These figures naturally bode well both for existing owners of property, and has attracted an increase in fly to let investors.

Turkey would appear to be a division of two halves – those areas already established with investors and holiday home buyers, such as Bodrum and Istanbul and those areas currently picking up momentum on the international property radar.

Alanya and Belek, on the Southern Riviera, both fall into the latter. Alanya’s international airport is to open later this year, which has also led to increased investors interest in the 3,000 year old city.

Belek is is less than half an hour from Antalya International Airport. There are 11 international golf courses in the area and two more will be completed this year. BA and bmi, are both increasing their number of flights to meet the expected demand from golfers and tourists.

Sean Gillic, managing director of developer TPI Turkish Property Invest, said: “Turkey has one of the fastest growing economies in the world. It is now possible for foreigners to obtain a local mortgage.

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