Real Investor Property Opportunity Bodrum Turkey - Real Estate Investment
Investor Information
Turkey ~ the next Mediterranean Property Hotspot!
FACTS
- Population - 70 million
- Land area - 769,630 km2
- Capital City - Ankara
- Currency - Turkish Lire
- Language - Turkish
INVESTOR INFORMATION
- Democratic state and a member of NATO.
- Accession to EU membership underway.
- Amongst the worlds fastest growing economies - GDP 7.2% in 2004.
- Interest rates are forecast to fall.
- Bank lending in Turkey set to be radically improved with residential property mortgages now available to Turkish people and mortgage facilities to foreigners expected in the last quarter of 2006.
- Increased government investment in tourism infrastructure.
- In 2005 tourism in Turkey grew by 20 percent with 20 million foreign tourists visiting.
- More than 100 new golf courses to be built in the next 4 years.
- Direct flight times of 3.5 hrs from most UK airports.
- Low cost budget airlines scheduled to start flying to Turkey very soon.
- Bodrum Milas international airport just 30 minutes from Bodrum town.
- Good private healthcare is available and it's much cheaper than the UK.
- Security - Turkey is regarded as very safe with crime rates far lower than most European countries, including the UK.
- Property prices in Turkey are equivalent to Spain in the mid-80s.
- Large capital appreciation forecast.
- No construction allowed in tourist areas from May to October.
- Longer summers create good letting potential.
With its wonderful climate, charming towns and villages, golden beaches, wealth of history and friendly, hospitable people, Turkey is becoming increasingly popular for British people buying homes in the Mediterranean.
It's also a vibrant, thriving country which is proving to be an important new market for both British and international companies. In fact both B&Q and Tesco's have now acquired Turkish operations in Turkey. What's more, with Turkey expected to join the European Union in 2015, more and more Britons are buying property in the Aegean and Mediterranean regions.
The potential for returns on investment in this area are enormous. Last year alone, properties prices rose by around 30% and with more people looking to buy homes in Turkey, that extra demand is sure to push prices even higher in 2006. So the best policy is to buy now and enjoy the benefit of an investment that should soon increase in value!
Turkey is not just a property hot spot it truly is a paradise waiting to be discovered. An incredibly varied and beautiful land offering you a breathtaking array of experiences and wonderful contrasts.
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Wonderful Climate
With its wonderful climate, charming towns and villages, golden beaches, wealth of history and friendly, hospitable people, Turkey is becoming increasingly popular for British people buying homes in the Mediterranean.
