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It is commonly thought that now is the perfect time to purchase property in Turkey. By starting the process to join the EU, which usually makes a big difference to any property market, Turkey appears to be in the brink of a property boom. In addition to joining the EU the World Trade Organisation has recently considered that Turkey is one of the most dynamic countries in Europe.

With its superb climate, picturesque towns and villages, golden sandy beaches, rich history and friendly, welcoming people, Turkey is becoming an emerging market when it comes to foreign investors looking for homes in the Mediterranean.

Turkey is also an energetic, prosperous country which is proving to be an important new market for British and other international companies. Only recently has Sony Ericsson opened a new centre here in Istanbul and there are many other multi-national companies recognising the potential of this promising country and opening offices here too.

Property in Turkey has been a sound investment for a few years now and last year alone prices rose by around 50%. With demand for property here now even higher prices are only set to be pushed even higher over the next few years. There is also the massive demand for property within the Turkish population itself; with over 70million inhabitants the property market is not solely reliant on foreign investors. If Turkey’s application to join the EU is successful then demand within Turkey for quality housing in the best locations will be even greater.

That is why we suggest that those investors who can buy now will enjoy the benefits of an investment that will soon be reaping the benefits.

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Some of the main benefits to investing in Turkey are:

  • A strong economy with 5.5% GDP growth in 2005.
  • Spectacular beaches and a fantastic climate that make Turkey a very popular holiday destination.
  • The summers are longer in Turkey than many other European destinations offering more hours of sunshine per day.
  • A large population of over 70 million which creates a strong internal property market which means that investors are not solely reliant on overseas buyers for resale.
  • A thriving tourism industry of 25million plus which boosts the property market and creates strong buy-to-let possibilities.
  • Property prices are on the increase offering a strong ROI.
  • The low cost of living, coupled with the long summer, make Turkey an ideal retirement location for many Europeans.
  • Turkey is considered by the World Trade Organisation to be a highly dynamic country.
  • East access from many European countries via the international airport.
  • There is no construction on developments between May and October so as not to impact on the busy tourist period.
 
 
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