Why Invest in Turkey?
Turkey remains one of Europe’s best kept secrets, providing a fascinating mix of modern resorts and unspoilt beaches, surrounded by ancient sites-and all with an exotic hint of the East.
The local people are friendly and welcoming, as many European visitors to the ancient land will confirm, and recently, Turkey’s desire to join the EU has seen the rules for foreign ownership of property relaxed, which has stimulated rapid and significant growth demand for property – especially near to the magnificent coast.
Even now, prices still look very attractive, compared to equivalent property elsewhere in the Mediterranean, and the prospect for short and long term growth look really strong.
Seven good reasons to buy property in Turkey?
1) Sustained increases in Spanish property prices has seen the attention focus on alternative locations.
2) Turkey is well positioned as a long-established British tourist destination with over one million visitors each year and attractively priced property.
3) Turkey is investing heavily in tourism as its economy improves and encouraging overseas investors for economic and strategic reasons as EU accession negotiations progress
4) 2002/03 saw new EU building standards introduced and a relaxation of restrictions relating to foreign property owners.
5) Te result has been strong increases in demand, with land and property prices in the Turkish Mediterranean and Aegean coastal areas of between 25% and 40% in the last 12 months.
6) Demand is expected to be fuelled further by the availability of mortgages in Turkey and the expected entry of low budget airlines.
7) Tourists numbers are 29% up in 2005 at 22 million – the fastest growing in Europe.