Discover the Delights of Turkish Property
Turkey has been highly sought after as a holiday destination for a long time with around 25 million tourists flocking to the stunning beaches along the Turkish coast each year. The beautiful climate and exotic quality of life help to make Turkey a location that is much in demand.The profile of Turkey has been greatly improved due to a large increase in media exposure, Turkey property is in great demand and Turkey itself is at the start of a predicted property boom. Turkey's current status as a candidate for membership of the EU with likely inclusion as a full member in the near future has added to the overwhelming interest in properties in Turkey.
Turkish property still offers enormous potential for returns on investment. Last year alone, property prices rose by around 50% with more people looking to purchase homes in Turkey. This extra demand is set to push prices up drastically.
Taking into consideration the country's many attributes, Turkey property can hardly be rivaled in any other investment location with similar assets.
Reasons why property in Turkey is a good investment
- Turkey is just entering the EU process which means there remains another 5-10 years of European investor interest in property Turkey.
- Turkey property is just at the beginning of a property boom.
- Turkish economy is very strong with 6.1% GDP growth in 2006.
- Stunning beaches and climate make it a very popular holiday destination.
- You can still find excellent front-line properties for excellent value for money with high capital growth potential.
- Turkish summers are a lot longer than in many other EU destinations, offering more hours of sunshine per annum.
- Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for re-sales.
- Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.
- Over 25 million tourists visit Turkey each year boosting the property market and creating strong "buy to let" possibilities.
- Low cost of living and long summers make it a favorite retirement spot for the Europeans.
- Huge golf tourism evolving in Antalya which will increase the value of any investment Turkey offers a modern infrastructure.
- Turkey is considered to be a highly dynamic country by the World Trade Organisation.
- Land prices are on the increase while the property market evolves.
- No capital gains tax after 4 years.
nice article, thanks
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