Property prices on Turkish Riviera predicted to rise
Wednesday, June 4, 2008
Turkish Daily News has reported that Turkey is becoming popular with tourists from across Europe and with overseas property buyers.
The Daily Mail has stated that during the last five years, house prices in the most popular areas have gone up by about 25 per cent a year. This indicates Turkey offers strong investment potential to those who wish to sell a house on at a profit. The cost of property is still well below the levels of similar resorts in other popular holiday destinations such as Greece, Spain and Italy. Turkish daily news further said that Prices will raise enough to give Spain's Mallorca and France's Saint Tropez regions run for their money.
Recent statistics reveal that FTB's from the UK are increasingly snapping up properties in Turkey. This is because FTB's can enter the market at a price which compares very favourably with those in Britain. In addition, the potential for capital growth and earning strong rental yields means such a purchase is highly lucrative.
This comes after Times said Holidaymakers could find good value for money if they visit Turkey. The huge influx of tourist’s results in significant investment in popular tourist destinations and property prices are being pushed upwards.
Social BookmarkingThe Daily Mail has stated that during the last five years, house prices in the most popular areas have gone up by about 25 per cent a year. This indicates Turkey offers strong investment potential to those who wish to sell a house on at a profit. The cost of property is still well below the levels of similar resorts in other popular holiday destinations such as Greece, Spain and Italy. Turkish daily news further said that Prices will raise enough to give Spain's Mallorca and France's Saint Tropez regions run for their money.
Recent statistics reveal that FTB's from the UK are increasingly snapping up properties in Turkey. This is because FTB's can enter the market at a price which compares very favourably with those in Britain. In addition, the potential for capital growth and earning strong rental yields means such a purchase is highly lucrative.
This comes after Times said Holidaymakers could find good value for money if they visit Turkey. The huge influx of tourist’s results in significant investment in popular tourist destinations and property prices are being pushed upwards.
Labels: Property-prices
