Turkey is a top property hot spot

Posted on 14 February 2011

Date: 15/08/2008
Turkey is a top property hot spot

Average annual growth rate of 7.3% since 2004, Turkey has established itself as a leading emerging market for property investors. Burgeoning tourist industry and planned reforms ahead of its EU accession, poised to become one of the world’s top 10 economies by 2050.

Where to buy: Belek, Turkey’s golfing mecca with plans to add up to 15 golf courses to its range of 5-star golf retreats over the coming years, Belek is bathed in sunshine for 320 days a year. Property investment has increased by 40% since 2005.

Bodrum, the yachting and tourism hub of the country where property prices have risen by 30% over the past two years.

Altinkum is cheaper than Bodrum yet 90 minutes drive by car from the prime investment resort town offering varied opportunities for on-sell and lettings.

Watch out for: check the planning so you don’t have ugly builds near your investment; ensure that property for sale is accompanied by title deeds and make sure you get a competent solicitor to explain the terms before making the decision to purchase.

Homes Overseas – 14 August 2008 (Abridged)

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