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The World Trade Organization considers Turkey to be one of the most dynamic countries in Europe. It is widely regarded that now is the ideal time to invest in the Turkish property market. Turkey has started the process of joining the EU, which traditionally makes a massive difference to any property market.
Property in Turkey also has an extra appeal to investors: with a substantial Turkish population of around 80 million, there is massive demand for property from within Turkey, so the market is not very reliant on foreign investment. If the Turkish EU application is successful, then an internal need for quality accommodation in the best locations will be even higher. Turkey has a large and fast expanding tourist industry that looks set to continue to grow.
Creating, even more, demand for quality accommodation - ideal for off-plan property investors. With its beautiful climate, charming towns and villages, golden beaches, the wealth of history and friendly, hospitable people, Turkey are becoming increasingly popular for foreigners buying homes in the Mediterranean.
Property prices in Turkey are very competitive, and all indications show that Turkish property will appreciate rapidly with the introduction of more flights, mortgages as well as a more mature EU application.
The Turkish economy is robust with 5.5% GDP growth in 2005. Stunning beaches and climate make it a favorite holiday destination Turkish summers are a lot longer than many other EU destinations offering more hours of sunshine per annum Turkey has a massive population of 70+ million. This area creates a robust internal property market meaning investors are not reliant on international investors for resale.
Over 25 million tourists visit Turkey each year boosting the property market and creating strong buy-to-let possibilities Low cost of living and long summers make it a favorite retirement spot for the Europeans Turkey considered a highly dynamic country by the World Trade Organization.
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