Turkey recommended as an alternative to Spain
Sunday, May 25, 2008
The newspaper Daily Mail reported that properties in Turkey are not only cheaper than those in neighboring Mediterranean nations but also it has a number of lifestyle attractions which appeal to overseas investors. The publication highlighted Turkey's physical attributes including its warm weather, attractive scenery and exotic culture. Besides, it revealed that its comparatively low cost of living is also proving attractive to property investors.
The cheap prices, good-quality infrastructure, amenities and climate are sure to drive the interest in property investment and make Turkey as property hotspot in the future. Turkish Press revealed government official figures that till March 2008, the tourism sector generated about £1.4 billion.
Property experts recommend Turkey as good option for investors as it is much less expensive than property in Spain . Recent report in the Guardian said Turkey is a good destination for Britons who want to travel somewhere as France and Spain has become expensive. The publication recommended Turkey as an ideal alternative as it has more favourable exchange rates.
The Telegraph stated that potential UK purchasers who have been priced out of the domestic housing market are looking for potential opportunities in Turkey as it is a cheaper alternative to UK, Spain and other European countries. This is because overseas property investors can enter the property market at a price which compares very favourably with those in Spain or UK.
In addition, the potential for capital growth and strong rental yields means property purchase in Turkey could prove to be highly lucrative.
Social BookmarkingThe cheap prices, good-quality infrastructure, amenities and climate are sure to drive the interest in property investment and make Turkey as property hotspot in the future. Turkish Press revealed government official figures that till March 2008, the tourism sector generated about £1.4 billion.
Property experts recommend Turkey as good option for investors as it is much less expensive than property in Spain . Recent report in the Guardian said Turkey is a good destination for Britons who want to travel somewhere as France and Spain has become expensive. The publication recommended Turkey as an ideal alternative as it has more favourable exchange rates.
The Telegraph stated that potential UK purchasers who have been priced out of the domestic housing market are looking for potential opportunities in Turkey as it is a cheaper alternative to UK, Spain and other European countries. This is because overseas property investors can enter the property market at a price which compares very favourably with those in Spain or UK.
In addition, the potential for capital growth and strong rental yields means property purchase in Turkey could prove to be highly lucrative.
Labels: Market-Trends, Overseas-property
