TURKEY
Turkey spans two continents, Europe and Asia, and boasts some 8,000km of coastline. Whether you are fond of art, history, archeology, nature or your idea of bliss is a relaxing beach or sailing holiday, there really is something for everybody in Turkey.
With lower overseas property and real estate prices than comparable Mediterranean resorts and tourism expected to top 20 Million visitors this year it is much believed that Turkey’s property market is on the verge of a boom.
With a predicated need of 7 Million properties to be built for Turkish buyers by 2010, Turkey not only offers much for overseas property and real estate investors and off plan buyers but also a potentially very strong second hand market in the future.
Turkey is determined to attract further property investment into both residential and commercial property sectors and further develop and build on its excellent tourism industry, to provide housing for its citizens and to ultimately develop a stand alone economic sector on the back of real estate that is funded by overseas investment upon which the government can actually rely on.
With coastal properties nearly doubling in the last 2 years, many experts have predicted properties prices to grow anywhere between 30-50% in the next 2 years and tip turkey to be one of the most dynamic and emerging overseas property and real estate markets currently available.
Why Invest In Overseas Property & Real Estate In Turkey
- Demand well outdoing Supply.
- 70Million population and on the increasing.
- Demand for affordable property is at its highest level ever.
- With an estimated need for 7 million homes over the next 10 years.
- Estimated home ownership numbers will increase from the current 4.5% to 12% by 2015.
- Predicted property prices increase by 12.5% in 2007.
- Low property prices only one way for prices to go.
- Some of the best coastline in Europe.
- New legislation will dramatically impact on the property market and marks a major step towards improving access to the property market.
Key Facts
Capital:Ankara
Language:Turkish
Money:Turkish Lira
Flight time from UK:4-5hrs
2006 property Growth:25%
Potential Rental Yields:8%
