Turkey Real Estate
Turkey has seen explosive growth in foreign real estate investment over the last 3 years which has led to real estate and land prices, especially in the coastal regions rising by up to 200% (and some areas more than this).
Many investors compare Turkey with how Spain and the Balearic islands were 20 years ago, and we all know about Spanish real estate prices now.
There are several reasons for this influx of foreign real estate buyers.
Prices - even with the large increases in price over the last few years, Turkey still has some of the lowest real estate prices in Europe.
You can still purchase a villa below £50,000 or an apartment for much less.
Climate - coastal Turkey offers an excellent year round climate. Mild winters, gorgeous spring and autumn and hot summers.
E.E.C. - Turkey has applied to become a member of the E.E.C.(if membership is granted, real estate prices will soar).
Infrastructure - Turkey is investing heavily in transport links and communications. Coastal airports have had massive investment to expand and cope with the increasing number of visitors.
Economy - Over the last few years the economy has stabilised and Turkey is now (according to the World Trade Organisation) one of the 20 most dynamic countries in world trade.
Holiday Destination - Turkey is now a major European holiday destination, which gives an excellent opportunity to realise very good rental returns on real estate. Turkey really is the place where east meets west, with an amazing history and hundreds of historical sites to visit.
Local prices - for food and local services, prices are very low compared to the rest of Europe. Eating out is very inexpensive and the food, whether you eat in a small cafe or the smartest restaurant is normally superb.
Remember that there are 3 great cuisines in the World. French, Chinese and Turkish.
Crime - One of the lowest crime rates in the World.
Lastly, the Turkish people. The friendliest and most hospitable people in the world.
All of the above make Turkey one of the best places to invest in real estate at this time.
All material on this site is based on information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and should not be relied on as such.
All offerings are subject to errors, omissions, change of price or withdrawal without notice.
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