| INVESTMENT IN TURKEY | | | | Byzantine. The Turkish coast has a delightful climate, |
| The Turkish property market has gathered pace in | | | | mild in winter and hot in summer, dramatic scenery and |
| recent years and constitutes a good property | | | | turquoise waters. The Turkish people are very warm |
| investment. Buying a property in Turkey is currently | | | | and helpful to foreign visitors and the cost of living in |
| one of the soundest investments that someone who is | | | | Turkey is low. |
| looking to buy abroad can make. | | | | PROPERTY PRICES IN TURKEY |
| If you're considering buying investment property in | | | | It is likely that real estate prices in coastal areas will |
| Turkey or would like to know more about why buying | | | | continue their present upward trend. |
| in Turkey right now could offer you strong long term | | | | With its long rental season and property prices 10 |
| investment potential, here are our top reasons for | | | | years behind those in Spain, Turkey makes a sound |
| buying Turkish real estate: | | | | economic choice for property investment. Villas with |
| TURKISH RIVIERA | | | | pools and luxury apartments with shared facilities are |
| It is a great holiday destination as it is continuing to | | | | popular. As stated, Turkish property prices are rising |
| attract large quantities of European people. Turkey has | | | | consistently - however, as a direct result of the |
| a wonderful coastline with a great Mediterranean | | | | recession in the housing market earlier this century |
| culture. The Turkish Riviera enjoys up to 300 days of | | | | house prices in Turkey remain intrinsically low and have |
| unadulterated sunshine every year which makes the | | | | a lot of ground to make up. By buying now you will be |
| area an international tourist destination hit. Tour | | | | buying into that projected period of inflation, you will |
| operators have increased their exposure to Turkey | | | | also be benefiting from the future predicted buoyancy |
| and in return Turkey has responded by developing | | | | and interest in the market sparked by Turkey's |
| some world class resorts offering stunning holiday | | | | growing appeal and attraction for global investors and |
| opportunities that are proving particularly popular with | | | | visitors. These facts point to a long term sustained |
| European travellers. As a direct result the demand for | | | | period of capital appreciation and also to the fact that |
| short term rental accommodation in summer holiday | | | | you can likely benefit from strong rental demand and |
| hotspots is on the increase and rental yields are also | | | | increasing rental prices making a buy to let investment |
| on the increase meaning a well positioned investment | | | | in Turkey also highly attractive. |
| property will offer great buy to let potential. | | | | The changes made have translated into significant |
| ECONOMY IN TURKEY | | | | price increases which are starting to proliferate |
| There is continuing talk of the country potentially joining | | | | countrywide but which started in the most popular |
| the European Union at some point. Turkey's | | | | areas for investment properties in Turkey, namely |
| long-standing campaign to join the EU will almost | | | | along Turkey's southern coastline. Here prices |
| certainly soon be successful. EU membership would | | | | increased between 28 and 50 during 2004 alone. |
| also mean a rapid price hike. Turkey is positioning itself | | | | BUYING PROCESS |
| for acceptance for EU accession. It is a long and slow | | | | Buying investment properties in Turkey couldn't be |
| process but it does mean that the Turkish government | | | | simpler. If you're resident in a country in which Turkish |
| is working hard to bring their laws, standards and | | | | residents are free to purchase freehold property then |
| 'ways' in line with those of other European countries. | | | | you're free to buy in Turkey. The buying process |
| This standardization makes for a comfortable transition | | | | follows very traditional rules with a preliminary contract |
| into Turkey for businesses, expatriates and investors | | | | signed upon price agreement, a non-refundable deposit |
| and increases the potential for inward foreign direct | | | | made upon condition that all surveys and searches are |
| investment which is positive for Turkey's long term | | | | satisfactory, and a final contract signed before title |
| economic success. | | | | deeds are transferred. The simplicity of the buying |
| QUALITY OF THE PROPERTIES IN TURKEY | | | | process is a pleasant surprise for many buyers and |
| The modernisation of the country continues and the | | | | increases the attraction of the country for investment |
| property market is set to grow for the foreseeable | | | | purposes. |
| future. The majority of the new developments being | | | | EASY TRAVEL |
| built specifically for property investors and second | | | | There are direct flights to a number of coastal Turkish |
| home buyers in Turkey are being built to meet | | | | airports: Antalya, Bodrum, Dalaman, Izmir. The number |
| European building standards and regulations. This gives | | | | of airports and a good road network in southern |
| the investor confidence in his purchase. The Turkish | | | | Turkey means that the entire areas is very easily |
| national and local governments are well aware of the | | | | accessible internationally which means that tourists can |
| wealth of history and cultural that their country has and | | | | come and go easily increasing the demand for short |
| are keen to preserve the country's natural assets | | | | term accommodation. It also means it's easy for |
| from over development and ruin therefore they have | | | | investors to have access to their investment |
| very strict planning and density rules when it comes to | | | | properties. |
| property development which help to maintain the | | | | SAFE COUNTRY |
| country's beauty and its unique qualities and attributes. | | | | Serious crime and crime against property and the |
| This means that investment properties will be built | | | | individual are very low in Turkey meaning that an |
| sympathetically and that they will never be surrounded | | | | investor and his assets are safe and secure. |
| by mass density housing blocks at some point in the | | | | THE COST OF LIVING |
| future. | | | | The cost of living in Turkey is far lower than in any |
| WHO IS BUYING PROPERTY IN TURKEY ? | | | | other European country and yet the quality and |
| Turkey is popular with foreign property buyers and | | | | availability of produce is incredibly high. As Turkey has |
| second home owners. It has some of the world's | | | | a massive manufacturing base all everyday household |
| oldest settlements together with important classical | | | | products, furnishings, fixtures and fittings can also be |
| remains - Ancient Greek, Roman, Persian, Arabic and | | | | sourced cheaply and relatively easily. |