Why find a property in Turkey
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In terms of property prices, it is expected that Turkey will see the same growth and development in the coming years as Spain has during the last two decades. In 2004, property prices in Turkey increased by 30% and even doubling in coastal areas. This is just one reason why to invest in a property in Turkey.
With the low-cost airlines flying to Turkey, this has given added incentives to potential buyers, and will increase tourism. Not only that, what you can see is that the more popular Turkey becomes, the more value is assigned to the properties. It is not jut the coastal areas, the cities are seeing more and more tourism and foreign buyers.
David Cox of Property Frontiers says in a press release, “Turkey is experiencing economic development outside coastal areas and investment in Istanbul and Ankara is becoming viable. However I expect the major hot spot to be on the coasts where the market has performed very well and it is expected to continue to do so”.
As Turkey becomes more tourist-friendly and its economy reflects the 2005, you will begin to see a trend heading east. Bear in mind that Turkey is a secular Islamic state, and thus is relatively safe.
Of Course before buying a property abroad, you must always beware dealing with foreign regulations, contracts and the like. English speaking lawyers and financial advisors are always recommended when buying a property abroad. Pink Property investments have offices in both England and Turkey with English speaking and Turkish speaking staff in the Turkey Office.
House prices in the UK are falling and with the credit crunch it is increasingly difficult to obtain mortgages, this is why investors are looking to find a property in Turkey where the housing market is still relatively cheap. Turkey now offers mortgages to foreign buyers and it is quite a simple process. Now that Turkey is seriously considering becoming a part of the EU and the upward rising levels of foreign investments received in Turkey from GCC nations and Arab investors is quite apparent, interest and curiosity is piqued, and not just in Europe.
Not to forget that all this investment leads only to further investment, meaning that Turkey is quickly becoming “one of the most strategically interesting nations from an investment (and not just property) perspective,” According to an Analyst from Shelter offshore. Although Turkey has obviously been a vacation hot spot for decades, bringing close to 25 million tourists in to the pristine beaches on the coast every single year, we are just beginning to see a demand for investment property. Turkey’s image has thankful y blossomed due to more media exposure, and the property boom is something that cannot go unnoticed by the keen investor.
Turkish property still offers enormous potential for returns on investment. In 2007 property prices rose by around 50% with more people looking to find a property in Turkey. This extra demand is set to push prices up dramatically. Turkey can hardly be rivaled in any other location with similar assets.
Pink Property Investments have assisted a number of clients to find a property in Turkey in various areas of Turkey; Hisaranu, a lively holiday location surrounded by a number of shops and restaurants, Ovacik, five minutes stroll away from Hisaranu with Quaint Turkish restaurants, Uzumulu which is on the outskirts of Fethiye, beautifully green area which boasts charm and serenity for nature lovers, Akbuk, the working fishing town of Akbuk is nestled between a crystal clear and tranquil bay and majestic mountains and pine forests. Altinkum a busy tourist area. For more information on how to find a property in Turkey tel: 0044 (0) 1928 775549.
Pink Property Investments. www.pinkpropertyinvestments.com
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