Beach front property could be a top investment in 2009
Saturday, July 4, 2009
The Turkish beach front properties could be in for a boost as British buyers head to the country looking for cheaper homes and refuge from exchange rate hits.
According to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of 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 properties in Bodrum. 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.
Social BookmarkingAccording to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of 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 properties in Bodrum. 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.
