Antalya presents a rare investment opportunity
Saturday, June 6, 2009
Antalya in Turkey has been identified as a good destination for investors looking for a stable place to buy property during the global economic downturn.
According to Hurriyet .com reports, Faruk Sayin, a member of the acting board of Antalya Chamber of Commerce and Industry stated that thousands of properties are ready to be bought in the region. He noted that the sustained interest in buying Antalya property has been attributed to the low cost of housing in the region as economic downturn resulted in drop in house prices to a 25 to 30 per cent drop in home prices in Anatolia.
Mr Sayin commented: "The decrease in prices and the rising exchange rate make our country attractive for foreigners to buy real estate." The official asserted that with the correct promotion, foreigners are likely to buy large amounts of real estate in Turkey.
Adam Samuel, a director at overseas property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in Antalya property.
Another attraction is the future; he suggested that is the potential accession to the EU, so many people are thinking that when that does happen prices will start [rising] and that's where they will see their gains. Turkish property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
This presents a rare opportunity to buy property in Antalya at the prices found in an immature market, but in a country set to see the levels of foreign direct investment and visitors you generally find in an immature market. Such factors may have helped contribute to the popularity of Turkey with overseas investors.
Social BookmarkingAccording to Hurriyet .com reports, Faruk Sayin, a member of the acting board of Antalya Chamber of Commerce and Industry stated that thousands of properties are ready to be bought in the region. He noted that the sustained interest in buying Antalya property has been attributed to the low cost of housing in the region as economic downturn resulted in drop in house prices to a 25 to 30 per cent drop in home prices in Anatolia.
Mr Sayin commented: "The decrease in prices and the rising exchange rate make our country attractive for foreigners to buy real estate." The official asserted that with the correct promotion, foreigners are likely to buy large amounts of real estate in Turkey.
Adam Samuel, a director at overseas property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in Antalya property.
Another attraction is the future; he suggested that is the potential accession to the EU, so many people are thinking that when that does happen prices will start [rising] and that's where they will see their gains. Turkish property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
This presents a rare opportunity to buy property in Antalya at the prices found in an immature market, but in a country set to see the levels of foreign direct investment and visitors you generally find in an immature market. Such factors may have helped contribute to the popularity of Turkey with overseas investors.
Labels: Antalya, Market-Trends, Property-buyers
