Why Invest in Property in Turkey
Features & Benefits
Turkey offers a wealth of features and benefits presenting an ideal overseas property investment market, with additional year-round attractions. The new financing options recently established for non-residents have assisted both the Turkish property market and investors interested in the location. The continued growth rate of Turkey, coupled with the current demand for property exceeding the supply, has shown strong potential for continued future strength of the current market possibilities.
Turkey is currently being considered for admission to the European Union, expected to have fulfilled the necessary requirements by 2011. Various investors with an interest in the Turkish property market have started to purchase prior to the nation’s admission to the EU. Gaining admission to the European Union will inevitably cause property prices to rise dramatically.
The risks associated with investing in an emerging market are considered to be greatly reduced with the addition of financing options such as mortgage availability. Continued growth is considered to be assured within a market producing stability to enable financing options for non-residents. Turkey provides investors with a strong and growing economy, assisted with the nation’s high population growth rate, well above the world average. The population growth rate also presents continued strength for the future of the re-sale and letting potential of the local market.
Turkey offers an extensive range of geographical and cultural attractions that have assisted by the increased growth in the touristic market, along with the market for second home buyers. Over 20 million visitors to Turkey on an annual basis have assisted in creating new levels of international exposure.
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