Why Buy Property in Turkey
People going on Turkey holidays will surely notice the beautiful properties available in this amazing country. There are plenty of great real estate located in prime locations for sale in Turkey. It would be wise to invest in property here because the value of real estate in most parts of the country appreciates in time. There is also a huge potential in holiday rental properties because Turkey is a popular travel destination by tourists from all over the world.
High return of investment for property in Turkey.
With great rental potential, Turkey was named in the top ten countries where holiday homes are most in demand. The survey by holidaylettings.co.uk placed Turkey seventh in a list of 112 countries (Feb 08).
Relatively low cost of living compared to other European countries.
Fantastic weather – an average of 300 days of sunshine a year in the Med & Aegean region.
Great hospitality, stunning beaches, fascinating historic sites and championship golf courses to name but a few reasons to invest in property in Turkey!
Property prices are still lower than equivalent European hot spots
The process for incorporation of Turkey into the EU has started.
Excellent property investment growth is predicted with holiday operators and airlines increasing capacity.
Turkey property is a ‘Prime Destination’ for Investment
Turkey has been described as a "prime" destination for property investment. Turkey's infrastructure has evolved to provide foreign buyers with the support and access necessary for development opportunities to become attractive. The Turkish government is focusing on developing the country's tourist industry to reach 15% of its Gross Domestic Product by the year 2020.
Turkey’s infrastructure has made this destination more accessible, with new roads and enlarged airports being built and existing road and air routes being expanded and has made property in Turkey more popular. This popularity is now evident in Istanbul where Turkey property prices have been increasing steadily for a number of months.
These rises have been underpinned by high tourist numbers and a stable economy, as well as efforts to keep inflation in check.
Turkey’s foreign minister has recommended his top choices for Turkey property investment hotspots in accordance with Turkey’s Tourist Development Regions, these areas include Cesme, Dalaman, Didim, Antalya, Manavgat and Oymapinar.
With Turkey experiencing unparalleled publicity for its rapidly growing tourism industry, this has helped and continues to fuel the massive demand in Turkey property sales. This is set to continue with Turkey rapidly becoming a dominant competitor in the international tourism market.
The area around Dalaman is particularly popular amongst Turkey property investors as the Turkish government is improving the tourism infrastructure in an attempt to make this area one of Turkey’s top tourist attractions. This investment includes the expansion of Dalaman airport, the building of three marinas and the area’s first golf course. As this investment programme is only in its early stages, property prices have not yet reacted. This is certainly an area of great potential to Turkey property investors. |
