Turkey's Tasty Property Market
The Turkish Daily News has reported that Turkey's property market is particularly tasty, thanks to various factors which have been pointed out by website www.businessweek.com.
The article mentions that property exerts have been saying that for investors to see a substantial return on investment, they must 'get in early'.
The article continues: 'The combination of rapidly rising house prices and Turkish property market reforms has made the country an increasingly popular destination for international investors. Five years ago the government passed legislation making it possible for non-Turkish citizens to buy property. Since then, foreigners have spent more than $7.2 billion on an estimated 30,000 homes, according to the Turkish government. Over the last year alone, property sales to foreigners soared by 59% to $2.9 billion.'
With Turkey expected to join the European Union within the next decade, a very agreeable climate, a relatively low cost of living, and now the availability of mortgages for property in Turkey, Turkey is becoming a popular choice amongst foreigners for their overseas property.
Turkish Daily News state that property prices are around 30% to 50% less than prices for property in Spain, France and Italy.
Start the search for your perfect property in Turkey... just click here.
The article mentions that property exerts have been saying that for investors to see a substantial return on investment, they must 'get in early'.
The article continues: 'The combination of rapidly rising house prices and Turkish property market reforms has made the country an increasingly popular destination for international investors. Five years ago the government passed legislation making it possible for non-Turkish citizens to buy property. Since then, foreigners have spent more than $7.2 billion on an estimated 30,000 homes, according to the Turkish government. Over the last year alone, property sales to foreigners soared by 59% to $2.9 billion.'
With Turkey expected to join the European Union within the next decade, a very agreeable climate, a relatively low cost of living, and now the availability of mortgages for property in Turkey, Turkey is becoming a popular choice amongst foreigners for their overseas property.
Turkish Daily News state that property prices are around 30% to 50% less than prices for property in Spain, France and Italy.
Start the search for your perfect property in Turkey... just click here.
