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Turkey Investment Property

With a steady increase in annual tourism , Turkey is experiencing an unprecedented level of international exposure and this is, in turn is creating more tourist interest and increasing demand for Turkish property. The value of Turkish property is expected to appreciate in beach front areas by as much as 50% initially, with forecasts for the next two to three years reaching 100%. When the Turkish law changes to allow mortgage facilities to become more widely available, property prices are expected to continue to rise accordingly.

The area around Dalaman, Alanya and Mahmutlar is particularly popular amongst Turkey property investors as the Turkish government is improving the tourism infrastructure in an attempt tomake this area one of Turkey's top tourist attractions. This investment includes the expansion of Dalaman airport, the building of three marinas and the area's first golf course. As this investment programme is only in its early stages, property prices have not yet reacted. This is certainly an area of great potential to property investors

Why Invest in Turkey?

Turkey is an attractive investment to purchasers looking to catch an emerging market from the start while Turkey is on the verge of becoming a mainstream international holiday destination. With EU inclusion possible well within the next ten years, Turkey represents strong investment potential, particularly for Buy-to-Let strategies.

Natural and Cultural Factors:

  • Stunning beaches and climate make it a very popular and well tested holiday destination.
  • Turkish summers are a lot longer than in many other EU destinations, offering more hours of sunshine per year.

Economic Factors:

  • Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for resales.
  • Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.
  • Low cost of living and long summers make it a favorite retirement spot for the Europeans.
  • Life in Turkey is easy and inexpensive

Land for Development / Project Sourcing

The key to many a successful investment is to keep a watchful eye on possible development areas and strike before the development project begins. The International Property Investment Network (IPIN) is on the constant look out for interesting land options of all sizes and, once these options have satisfied strict criteria, IPIN advisors will recommend and inform investors on all aspects of the investment. The Network consists of a global collaboration between trusted members worldwide, allowing us to offer investment advice and valuable contacts with reliable Turkish developers and land owners, large scale individual investors and investment consortiums alike.

Summary

Turkey is one of the brightest property investment hot-spots in the emerging overseas property market today and promises a bright future. Property prices are expected to rise if Turkey joins the EU as forecasted. The property market is in its initial stages of development, similar to Spain 5-10 years ago, and value for money is currently excellent. Certain areas, such as Istanbul, Dalaman, Antalya and beach-front properties are expected to see the greatest yields in the near future.

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