There is much said and heard about Turkey property, what it offers and its future scope. One of the most popular tourist destinations Turkey has a large number of foreign property investors. Do you know the reason why? It is quite obvious because developers of property in Turkey are becoming innovative and put in their heart and soul to attract buyers.
When you search on Google for Turkey property for sale you will come across thousands if not millions of genuine sites offering Turkey property. Before you even click on any link just have a look at the title of the pages and the sort description thrown by Google for each search result. This will give you an idea of what Turkey property developers and promoters are doing or offering to attract new buyers.
There are two main factors affecting the prices of Turkey property for sale. One is the urbanization of many rural areas resulting in more number of available properties and second is the recession. This has resulted in the reduction of prices of many Turkish properties. Such properties are listed with the real estate agents with both the old high and the new low prices. In many cases the price of property has fallen by as much as 40%. Hence this time is considered the best time for investment in Turkey property.
On the flipside recession has hit almost all countries in the world and so though the prices have lowered for property in Turkey there are not many takers for it. People might we very interested in investing in property in Turkey but due to financial difficulties they are not able to do so. The good news here is that property developers have come with some schemes wherein the buyer can pay for the property in small installments for the amount they wish. Such schemes have been successful in bringing more customers to invest in property in Turkey.
Turkey, the country famously known as the bridge between Europe and Asia, is proving to be a popular place for British property buyers to invest. The country has one of the largest economies in the world with a growing population that currently numbers over 70 million, 66% of whom are under thirty. There is also around 20 million foreign tourists visiting the country each year, and the number is steadily rising.
The popularity of Turkey as a holiday destination has created strong buy-to-let opportunities for property investors, and the Turkish government, keen to see this trend continue has pledged approximately £73 million to be invested in tourism in 2008, with the goal of increasing tourist numbers to 25 million visitors by the end of the year.
British tourists are amongst the biggest groups of foreign visitors to Turkey, lured by thousands of miles of turquoise coastline, water sports such as sailing, water skiing and scuba diving, and of course the vibrant nightlife that is on offer in many of Turkey’s coastal towns.
Turkey property development is currently booming, with one of the most popular areas being Bodrum in the Bay of Gulluk. This is one of the most upmarket areas, which has earned it the nickname “The St Tropez of Turkey”. It’s these miles of beautiful beaches and warm seas, where Turkey’s rich, famous and affluent members of society come to relax.
