Investment Property Turkey. Latest property investments in Turkey
Investment property Turkey is not only appealing to those looking for a high return, but due to the low cost of living, diversity of the country and friendliness of the people, Turkey is also an excellent location for holiday homes or relocation.
Property experts recommend Turkey as an excellent place to buy with so many factors currently fuelling growth. The most popular spots for tourism and property purchase being along the Aegean and Mediterranean coasts, as opposed to the Black Sea coast which does not have such a favourable climate and a shorter summer season. As prices in European countries increase often dramatically, property investment in Turkey becomes advantageous to buyers as it still offers Mediterreanean property at bargain prices.
The Financial Times recently voted Turkey into the top 10 investments for 2009 and Assetz lists it as one of the best investment opportunities for 2010
Since the application for membership of the EU, many have recognised the potential of property in Turkey and the country has received millions in foreign investment, as well as new resorts, golf courses and other tourist facilities being built by conglomerates and corporate investors. Once Turkey has been accepted into the EU, property prices are expected to double, making now the perfect time to buy.
Recommended Investment Property in Turkey:
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With property prices on par with Spain almost 20 years ago, and predicitions that the market will follow a similar line, buyers are now ‘jumping on the bandwagon’ which will in turn push prices skyward. With the many new off plan developments available, many will make excellent returns on their property investment in Turkey.
With government plans and funding in place for improved infrastructure, golf courses, hotels, health and leisure resorts, and sports stadiums, tourism is set to rise dramatically over the next few years and with many new developments offering buy to let and guaranteed rental schemes, property purchases seem even more attractive.
Due to the great diversity of the country, different locations will appeal to different markets. If you are looking for an investment property which must bring in a return to cover a mortgage or loan, research your areas carefully before buying. Due to recent building booms there is a vast choice of property on offer and choosing the right location is essential in terms of rental income and resale when the time comes. With 25% price increases per year, and a booming tourist industry with increased demand for rental property, Turkish property investment should be a serious consideration for any investor.
Why Investment property in Turkey is a ‘must’
- Long summers
- Low costs for taxes and fees
- Affordable property prices
- Mortgages now available in Turkey with up to 80% loan to value
- Strong buy to let market
- Stunning beaches on two superb coastlines – The Aegean & the Mediterranean
- Low cost of living
- 30% capital appreciation over the past 2 years
- Government funding into local infrastructure
- Choice of golf, sea or ski property
- Cultural diversity
- ‘Bargain’ property in a booming market
- Cheap flights
- With approximately 25 million tourists visiting Turkey yearly, there is excellent rental potential.
If you are looking for investment property, Turkey can offer property for sale from 26,000 euros in areas such as Altinkum. We cover over 14 regions along the Mediterranean and Aegean coastlines with properties for sale at 'Turkish prices'. Contact us now for details of latest developments, early release prices, advice on property investments in Turkey, and the best payment plans.