Interest in the Turkish property market is intensifying
Saturday, March 28, 2009
Property in Turkey could be a good option for those looking for an affordable holiday home and the nation is rapidly becoming one of Europe's most sought-after property markets for foreign investors, according to reports.
The strength of the euro against the pound has dissuaded many UK buyers from investing in European destinations. However, Turkey provides better value than many of its European counterparts. Foreign investors get more for their money in Turkey, when compared to Spain or popular Greek resorts. Azure Overseas has pointed out that the destination is increasingly popular with tourists, as well as boasting low-entry prices for potential investors.
Turkey is not in the 'euro loop' it has not been affected as severely as other countries due to the economic crisis. This has made Julian Walker, a spokesman for Spot Blue, a specialist in Turkish property to believe that Turkey the logical choice for those seeking to balance lifestyle and financial advantage in their retirement.
Turkish lira in Turkish banks is currently offering a return of 20 per cent. Foreign investors can buy properties in sterling and that prices are still "very low compared to the rest of Europe. Certain areas of Turkey are actually standing up very well and areas such as Antalya and Fethiye are still on the rise. Turkish property market is also currently averaging 40 per cent returns, while the rest of Europe floats at around five per cent growth. According to the Nour Group, The property prices have dropped by as much as 50 per cent in the suburbs of Istanbul and some sea-view apartments have experienced a 20 per cent fall in prices.
Janet Schofield of the Turkish specialists Nicholas Homes commented: "Prices haven't gone up lately, and there are lot of good deals, such as two-bedroom apartments around £40,000 and villas with pools for around £140,000."
Social BookmarkingThe strength of the euro against the pound has dissuaded many UK buyers from investing in European destinations. However, Turkey provides better value than many of its European counterparts. Foreign investors get more for their money in Turkey, when compared to Spain or popular Greek resorts. Azure Overseas has pointed out that the destination is increasingly popular with tourists, as well as boasting low-entry prices for potential investors.
Turkey is not in the 'euro loop' it has not been affected as severely as other countries due to the economic crisis. This has made Julian Walker, a spokesman for Spot Blue, a specialist in Turkish property to believe that Turkey the logical choice for those seeking to balance lifestyle and financial advantage in their retirement.
Turkish lira in Turkish banks is currently offering a return of 20 per cent. Foreign investors can buy properties in sterling and that prices are still "very low compared to the rest of Europe. Certain areas of Turkey are actually standing up very well and areas such as Antalya and Fethiye are still on the rise. Turkish property market is also currently averaging 40 per cent returns, while the rest of Europe floats at around five per cent growth. According to the Nour Group, The property prices have dropped by as much as 50 per cent in the suburbs of Istanbul and some sea-view apartments have experienced a 20 per cent fall in prices.
Janet Schofield of the Turkish specialists Nicholas Homes commented: "Prices haven't gone up lately, and there are lot of good deals, such as two-bedroom apartments around £40,000 and villas with pools for around £140,000."
Labels: Turkish-property
