- Home
- Real Estate
- Reasons to Consider Property Investments in Turkey
Reasons to Consider Property Investments in Turkey
|
By Mark Burns
|
Reasons to Consider Property Investments in Turkey
Turkey is a modern country popular with tourists and property investors. A land of culture, history and traditions, it has an appealing blend of Eastern and European, with temperatures and stretches of white sand beaches that surpass many of the typical hot spots of Europe. Low priced properties, impending EU membership and a strong economy make Turkey an attractive country to invest in. Turkey is now accepted as one of the top investment areas in Europe, that is due to that the rights of property investors recently been improved. Here is described some of the main factors you should consider if interested in property investment in Turkey. Already known as a destination for holidaymakers, investors and retirees, Turkey's attractions include a spectacular coastline, long summers, wonderful food and a diverse range of activities.
Living in the country is inexpensive and there is a modern infrastructure already in place. If the country succeeds in its attempt to become a member of the EU, the growth potential on property investment is predicted to be considerable. Impressed by Turkey's hard work to achieve EU membership has by investors resulted in a new confidence in the country. The government continues to update policies and plans in order to comply with EU guidelines, and they recently formed an alliance with Asia and Africa. People turn their attention Turkey for a number of reasons, some are searching for a place to spend their retirement, others are looking for a second or holiday home that can make them an extra income, and there are people looking for investment purposes. The main regions for property are Istanbul as the buy-to-let prospects are good, and the Aegean and Mediterranean coastal regions.
GBP 1.5 billion was invested in the property market during 2005 and Turkey has over seventy thousand properties with foreign ownership. Turkey encourages overseas investment and the government has trimmed down its control over foreign trade and investment and privatised state-owned compani
es. As a result of this, thousands of foreign companies are investing in the country, in some regions a predominantly high capital growth in excess of 30% on property investment has been realised. Construction regulations have also been improved by the Turkish government. With Turkey advancing rapidly towards becoming a leading destination for overseas investors, plans for tourist areas especially are to be closely monitored to allow coastal resorts to develop whilst retaining their natural beauty.
The tourist industry is of prime importance with over twenty five million tourists visiting the country each year. Property sales aren't only dependant on foreign investment; with Turkey's population around seventy million there is a high demand for property from the local populace. Nearly 2/3's of the inhabitants are aged 30 or less and demand is likely to increase if the EU application is successful. Turkey has launched a global advertising campaign presenting itself as a holiday destination to be visited all year round. It is expected this will support growth in the real estate market and prices will increase significant over the next few years until they are in line with the rest of Europe. The tourism industry as well is expected to increase as major infrastructure plans for the coastal regions upgrade and improve transport systems and facilities have been done. As the number of flights and flight routes are scheduled to increase, the country will be more accessible for tourists and there will be a higher claim for quality accommodation.
Turkey promotes itself as an exciting, open-minded, varied and hospitable nation. Forecasts are that Turkey's tourism market will double in terms of economic activity in the future, resulting in better employment opportunities, strong GDP growth, and considerably higher levels of foreign direct investment. Turkey is in an ideal place to expand into one of the most important nations in the world. Emerging as a powerful nation it is on the threshold of economic development and global acceptance. Investing in property in Turkey can provide buyers with low prices, prospective long-term capital appreciation and high rental yields.
Living in the country is inexpensive and there is a modern infrastructure already in place. If the country succeeds in its attempt to become a member of the EU, the growth potential on property investment is predicted to be considerable. Impressed by Turkey's hard work to achieve EU membership has by investors resulted in a new confidence in the country. The government continues to update policies and plans in order to comply with EU guidelines, and they recently formed an alliance with Asia and Africa. People turn their attention Turkey for a number of reasons, some are searching for a place to spend their retirement, others are looking for a second or holiday home that can make them an extra income, and there are people looking for investment purposes. The main regions for property are Istanbul as the buy-to-let prospects are good, and the Aegean and Mediterranean coastal regions.
GBP 1.5 billion was invested in the property market during 2005 and Turkey has over seventy thousand properties with foreign ownership. Turkey encourages overseas investment and the government has trimmed down its control over foreign trade and investment and privatised state-owned compani
The tourist industry is of prime importance with over twenty five million tourists visiting the country each year. Property sales aren't only dependant on foreign investment; with Turkey's population around seventy million there is a high demand for property from the local populace. Nearly 2/3's of the inhabitants are aged 30 or less and demand is likely to increase if the EU application is successful. Turkey has launched a global advertising campaign presenting itself as a holiday destination to be visited all year round. It is expected this will support growth in the real estate market and prices will increase significant over the next few years until they are in line with the rest of Europe. The tourism industry as well is expected to increase as major infrastructure plans for the coastal regions upgrade and improve transport systems and facilities have been done. As the number of flights and flight routes are scheduled to increase, the country will be more accessible for tourists and there will be a higher claim for quality accommodation.
Turkey promotes itself as an exciting, open-minded, varied and hospitable nation. Forecasts are that Turkey's tourism market will double in terms of economic activity in the future, resulting in better employment opportunities, strong GDP growth, and considerably higher levels of foreign direct investment. Turkey is in an ideal place to expand into one of the most important nations in the world. Emerging as a powerful nation it is on the threshold of economic development and global acceptance. Investing in property in Turkey can provide buyers with low prices, prospective long-term capital appreciation and high rental yields.
Tags & Keywords :
Share this article:
Comments
|
||
