Why choose Turkey for a property investment?

With its sparkling turquoise coast, a string of vibrant resorts and balmy year round temperatures, few would argue that you need any more excuses for buying a holiday home in Turkey. This land of extraordinary scenic beauty brings together the very best of the cosmopolitan, the exotic and the ancient. One modern addition to the landscape that has excited overseas real-estate buyers are the fantastic new-build properties that have sprung up over recent years in areas such as Bodrum, Altinkum and Kusadasi on the Mediterranean coast, Marmaris, Antalya and Fethiye on the Aegean and in the capital, Istanbul.

Turkey was already of course a well-established tourist destination well before the start of its current property boom, income from tourism here has been increasing steadily by 10% – 15% each year for several years. Figures have now picked up again after a slight dip during the recession and the number of British visitors passing through Turkey`s busy airport terminals is expected to exceed the 2 million figure this year once again. A buoyant tourist industry is always good news for property investors seeking steady rental yields.

If there is any doubt as to the potential for growth in Turkey, investors need only look at the wider economic indicators. Turkey is officially one of the fastest growing economies in the world and several factors bode well for higher capital growth than investors can expect from other comparable markets

At the same time investors would be wise to keep an eye on Turkey`s progress towards EU membership. Provided that these plans materialize in 2015, on the strength of its economy, Turkey is set to become of great strategic importance to its European neighbours, accounting for up to 10% of the entire European Union GDP.

Add to this the investments that are being made to develop new championship golf courses and the Government`s plans to make Turkey the number one destination in the world for thermal spa tourism by 2023 and it`s easy to see what has made investors so excited

Whether you`re looking to profit on capital growth, earn a steady income from a holiday rental or simply own a second home in the sun, Turkey promises to deliver. Until recently the holiday home rental season was cut short by the lack of availability of direct economy flights particularly to the south coast during the winter months, when passengers were forced to fly via Istanbul. But thankfully for investors, routes to Dalaman and Bodrum have now been opened up by the budget airlines, with flights to turkey available at bargain prices throughout the year. This has to be the icing on the cake for anyone who has seen what this country has to offer in terms of investment potential and rental yields.