Turkey is one of Europe’s
top emerging markets and a hotspot for property investors. With an excellent choice of locations, quality developments, a
fantastic climate and low prices, Turkey is offering much of what made Spain so popular two decades ago. A paradise of sun,
sand, sea, mountains and lakes straddling two continents, Europe and Asia and surrounded by the Aegean, Black, Mediterranean
and Marmara seas, Turkey’s tourism industry is big business.
Turkey is a developed country, with good communications, transport
and an expanding stable economy, low cost of living and a low crime rate. Add to this the investment in Turkish airports,
roads, golf courses, marinas, and the
possibility of joining the EEC, and you can understand why people from around the world are investing in property in Turkey.
Other Reasons Why Turkey is Considered A Good Place To Invest
It is one of the world´s
fastest growing economies.
The development of new airports such as the recent announcement to develop Gazipasa airport which will service the
Mediterranean regions including Alanya on the Turkish Riviera.
EU membership is under discussions
and it is hoped that Turkey will enter at the next round of entry, approximately 2015. Prior to entering the EU, new member
states have historically experienced substantial inward investment and with significant rises in property prices.
Turkey’s tourism industry
is massive and growing with increasing demand for holiday rentals.
Most experts believe that Turkey has a very positive forecast
with dramatic investment returns expected. It is often compared to the Spanish property market of the 1980s.
Regular scheduled
and charter flights from many UK airports all year round. Recent
introduction and expected expansion of low-cost airlines servicing the major airports.
Recent changes in Turkish mortgage law is enabling many foreign investors to
obtain Turkish mortgages for the first time. As the market becomes accessible to more people this is expected to lead to further
price rises as demand for properties increases.
Turkey has a magnificent past, and is a land full of historic treasures from
13 successive civilizations spanning 10,000 years
Friendly and hospitable people.
Turkey has a low cost of living.
The climate across Turkey is extremely
varied. The Mediterranean Coast is
particularly appealing to investors with long hot summers and mild winters. The “swim season” in the Mediterranean
is April to October.
The ambition of the Turkish authorities is to develop Golf courses along the Mediterranean Coast to rival those of Portugal
Although lots
of developments are underway, construction stops during the summer season to minimize impact on holiday makers.
