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turkey off plan development

Because the property investment market in Turkey has cheap investment and high returns

turkey investment propertyFor the last ten years or so Turkey has been a holiday destination for thousands of Britons. Our research shows that the vast majority return year after year once they have been seduced by the turquoise Aegean Sea, the beautiful beaches and the unbelievably friendly reception from the locals. Over the years it has become more accessible from UK airports and now all main airports offer flights to various Turkish destinations.

A couple of years ago the Turkish Government relaxed the laws which prohibited foreign residents from purchasing property in Turkey. Since this law was abolished thousands of foreigners now enjoy visiting their Turkish holiday homes, a great many of these are British.

turkey off plan developmentWhilst back in their own countries these property owners are also benefiting from rental returns of up to 20%.

Property prices in Turkey have been increasing steadily bur two events are on the horizon which will see them escalate as they have in other EU countries.

First of all the EU have laid down guide lines for Turkey’s entrance into the Community, the Turkish Government is pursuing theses goals with all of it’s power as they realise that the wealth creation of the country will be enormous once they gain entry to the EU.

turkey off plan developmentAs the actual entry date approaches (some say 2010), property prices will increase dramatically. The other event which is likely to happen within the next 18 months or so is the availability of high loan to value mortgages for non-residents (70% to 80%). This will allow a far greater number of those who wish to buy in Turkey the opportunity to do so.

When that happens, guess what it will do to property values? UP, up, up just like in Spain and every other EU country.

turkey off plan developmentBuying a property now will allow you to benefit from the high rental returns currently available (18% to 20%), use it a few weeks a year yourself and then be in a great position to sell it on when the price increases occur.

Through our English speaking Turkish partner we can arrange accommodation for inspection trips.

 

property investment in turkey
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