Why Invest In Turkey

Why Invest In Turkey

Turkey is now one of the strongest emerging property markets in the world and is at a very exciting stage of its growth cycle. Some of the major factors driving the demand and growth in property prices are:

• Turkey has a large and beautiful coastline with an abundance of sandy beaches.
• It has a wonderful climate with over 300 days of sunshine per year.
• There is a vast shortage of quality properties in the major cities, aligned with a large and growing demand for homes. This demand is far outstripping the supply resulting in a property price increases and a strong rental market.
• The length of the holiday season supports strong short term rental opportunities in the coastal regions.
• The introduction of mortgages in 2008 and will have a large impact on the affordability of purchasing property in Turkey, and widens the market to significantly greater audience.
• Prices are low compared to similar European destinations and popular markets making Turkey a very attractive place to purchase property for both investment and holiday homes.
• Turkey is experiencing fast economic growth with GDP growing at an average annual rate of 7%. This is expected to continue as the government is committed to further economic reforms.
• The introduction of the low cost airlines in 2007 has had a very positive impact on the Turkey Property Market.

The Turkish property market is in the early years of its cycle, and whilst there is a degree of risk, there is a strong potential for very high rewards and due to the local demand, house prices are not expected to fall in the foreseeable future.

Click here to show current Turkey properties
Download our free Turkey Property Guide
Click here for more information on the Turkey Property Market