Posted on 16 December 2010
Turkey’s property market continues to grow and become an ever-more popular choice for foreign investors. Property prices are still comparatively low and the powerhouse economy shows no sign of slowing down.
One popular destination in Turkey is Fethiye, a resort town on the Mediterranean coast, which is very popular with tourists year-round but especially during high season. A new development has just been launched set for completion in August 2011. It is anticipated that the homes will be sold very quickly, contact Spot Blue for more information.
The Mediterranean climate is favourable and English is the primary language, making Fethiye very appealing to Brits, whether they are looking for a holiday home, retirement home, or investment property.
It is reported that a new ski resort is being opened at Seki village, which is about a one hour drive inland. The opening of this resort will allow property owners to rent their Fethiye properties out in the winter months if they want to take advantage of the number of tourists that will be visiting the resort.
Turkey’s tourism in 2010 was off the charts and is expected to be even better next year. The strong, stable economy attracts tourists and foreign investors. This year alone Turkey’s GDP growth was 8 percent and it is predicted by the OECD that the GDP in 2011 will stay above 5 percent.