Property Investment in Turkey

Indeed, the future looks bright for Turkey property. This is why there has been a lot more interest in buying property here from wise investors even more so in recent years than in neighboring countries like Bulgaria. Ever since Turkey began talks of achieving accession in to the European Union and making the transition to a market economy, property investors from all over the world have had their eyes on Turkish property market.

One of the reasons why this is so is because property prices in most places in Turkey are still about ten years behind similar ones in Spain. Prices have begun to rise in recent years particularly along idyllic Riviera region in the south which has become a preferred destination for tourists seeking sun and sea from all over the world. Since it was announced that Turkey is a prime candidate for European Union membership, the country has become a source of much confidence from investment property in Turkey.

Turkeys tourism board has been pouring a lot of money in to promoting the countrys Mediterranean resorts. This is why there has become so much interest in Turkish holiday homes and second homes from property investors around the world. Each year, those who wish to buy to let have more and more tourists renting out their properties during the prolonged summer season along the coast. And those who are buying off plan at pre construction prices have come to find out that there is strong interest in the resale market in Turkey. For many years, Turkey has dreamed of becoming an official part of Europe. Now that it looks like that dream is going to become a reality, Turkey has done much in changing its laws and legislations to align it more with its European neighbors. This has given the country a political and economic advantage. More and more European visitors flock to Turkey each year to enjoy its myriad attractions.






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[Source: Kusadasi Property Business]