Turkey’s Not Just For Christmas

23 January 2008

A recent article in the Observer stated that there are many good reasons to buy property in Turkey and an estimated 17,000 Brits already have, but the country`s more traditional approach to building suggests that an appreciation of contemporary architecture isn`t likely to be one of them.

There`s an abundance of sunshine from April to mid-November, there`s the breathtaking coastline, the smell of the Eastern spices and superb dining experiences to be had, as well as the more obvious appeal of lively resorts and marinas.

Turkey`s overseas property market is still in its infancy and mortgages have only been properly available for the last five months. None the less, the country is being tipped as having great investment potential and some believe that it will follow a similar trajectory to the Spanish market in the seventies and eighties. Property prices are reckoned to have risen by 15% to 20% over the last 12 months, and there are more and more flights to Dalaman to meet the demand from property investors.

Property prices in Dalaman start at just £59,000 for a two bedroom apartment going up to a 6 bedroom 6 bathroom villa in Gocek for £289,000, mortgages are available for up to 65% LTV, or as a special offer, we can arrange 90% LTV on one of our projects, and inspection trips to the country from just £49 per person.

For more information on what is available in Turkey and where is best to invest, please don`t hesitate to call Gary or Sarah on 0800 038 00 00, or visit us at: http://www.principalinternational.co.uk