First-time buyers turn towards towering Turkey
Sunday, August 3, 2008
First time visitors and First-time buyers are starting to turn towards Turkey, their confidence boosted by wide variety of attractions and affordable property prices, research shows.
National Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Social BookmarkingNational Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Labels: Travel, Turkish-property
