Posted on 30 July 2010
Maybe it’s just us (unlikely) but the level of material, information, national press news and opinion articles, and blog posts recommending investment in Turkish property has grown hugely in the past 12 months.
Actually, no, that doesn’t do the situation justice. The level of coverage has been increasing slowly for some time, and continued even during the global recession. This accelerated when the number of British buyers and tourists increased because of the Eurozone exodus propelled by the strength of the single European currency. And it has accelerated further still since Turkey emerged from recession and powered into 2010 as one of the fastest growing economies in the world.
In the last 12 months alone we have had the Daily Mail recommending Antalya because of its low living costs, relaxed way of life, warm weather, great beaches and of course the many shops, restaurants and the international airport. Then we have another UK national newspaper calling Belek the next Algarve.
When you look across Turkey, it has so many great coastal towns, which have everything for the tourist and holiday home buyer, and all capable of becoming the next Murcia, or Alicante. And the great thing is that the Turkish authorities have watched the competing markets crumble, and jotted down the reasons, so this should mean no over-development in Turkey. Of course Turkey’s planning laws have always been on the strict side.
Of all the increasing coverage we can gauge one thing, that Turkey is very popular with today’s savvy and risk averse overseas property buyers. This is something that we already know, but it is better that they are confirming it.
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