Turkey is more than just an excellent holiday destination, it is fast becoming a Property Hot Spot TURKEY - A PROPERTY HOT SPOT ?
In addition to cheap property prices, a number of factors make Turkey a real property hotspot, making Turkey property an Ideal property investment opportunity. These are a few reasons why:
- PROPERTY AT REASONABLE PRICES: Turkey is one of the last chances of buying affordable property on the Mediterranean coasts, and prices remain extremely low in comparison to the rest of Europe or other historically popular places that the UK market have purchased abroad. Many analysts compare it with Spain 20-30 years ago and it is easy to see the gains that investors have made there! Already, over 50,000 Britons have already taken the decision to buy property in Turkey. We have a wide range of cheap new and off plan Turkish property.
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QUALITY PROPERTIES IN TURKEY FOR SALE ALL IN STUNNING LOCATIONS: For reasonable prices you do not have to compromise on quality, choice of property or location! all our properties come with a 10 year structural guarantee. Whether you are looking for your Turkish property in a peaceful rural setting or coastal town or village, you we will be able to find the right property for you. What’s more, if you can’t find your dream investment property in Turkey on one of the many developments, you can have your dream house built for you! Choose from:
1 bed apartment from £37,500
2 bed apartment from £47,500
3 bed properties from £57,500
5 bedroom detached villa from £152,500
Land – and – build project: POA Our property for sale in Turkey is located on the Turquoise coast in Hisaronu, Fethiye, Calis, Gocek, Ovacik and Ciftlik - or choose a land & build option - Direct2Turkey offer to build Turkey homes to your specification! -
FAST GROWING ECONOMY: Turkey joining the EU may be a few years away but the Turkish government continues to build reforms, resulting in inflation falling and foreign exchange and interest rates becoming more competitive. Turkey boasts one of the world’s fastest growing economies and inflation is at its lowest since the 1970’s.
- NEW “MORTGAGE LAW” - PRICES EXPECTED TO SOAR AS PROPERTY DEMAND SET TO ROCKET: Dubbed the 'Mortgage Law' and due to come into effect in 2008, the legislation paves the way for Turkish people to take out mortgages for the 1st time – no longer having to rely on family borrowings or expensive short-term non-mortgage loans from banks. With a very strong ownership culture, the ratio of home loans to national revenue is forecast to rise from 4.5% to 12% by 2015, as a result of the Mortgage Law. The legislation is regarded as one of the biggest reforms in the Turkish financial system ever and is highly likely to kick start the Turkish property market as demand is set to go through the roof. Property Prices are certainly likely to follow! This is further believed when you consider that housing supply in Turkey currently lags behind the demand and the average age of houses in Turkey suggests that there is a strong need for new developments!
- TAX ADVANTAGES: There is also no capital gains tax if you keep hold of the property for over 5 years
- A COMBINATION OF MODERN LIVING & OLD WORLD CHARM: Turkey is steeped in history and boasts something for evreyone - stunning beaches, fantastic cuisine, cosmopolitan bars and clubs alongside traditional Turkish cafes, bustling cities and quaint fishing villages, a wonderful climate, low cost of living and warm friendly locals!
- GROWTH IN TOURISM: In 2006, more than 19M tourists visited Turkey and it is anticipated that more than 25M will visit in 2007. This figure is expected to double within a few years, which will contribute to the property market in Turkey. Also good news, for property owners looking to rent out their Turkey property!
- INVESTMENT IN TOURISM: Turkey has a 20 year tourism plan with new golf courses and marinas already under construction. Road networks are being improved and hospitals and schools are receiving more funding.
- LOW COST FLIGHTS: As with all hot sports, the arrival of low cost airlines will create an increase in popularity and prices. Thomsonfly, Avro and Mytravellite already fly to the southwest and Easyjet fly to Istanbul.
It's no surprise that many of the coastal resort areas are reporting house price rises and that “A Place in the Sun” presenter Amanda Lamb, voted Turkey as the third best place to buy a property in the Sun! |
