Turkey is ripe for investment

25 August 2008

With the rising numbers of tourists visiting Turkey every year, investors are flocking to buy property here.

In addition, the recent announcement by the London branch of IsBank, a prominent Turkish financial Institution, that mortgage services are now available specifically for UK residents looking to invest in the country, brings welcome news for the property market in Turkey. There are currently no restrictions on foreign nationals buying property in Turkey and investors are free to transfer any sale proceeds or rental income out of the country. With English being widely spoken, property transactions are relatively quick and easy to effect.

Principal International is currently offering luxury 2 bedroom apartments from as little as 64,000 Euros, making Turkey one of the best value for money European overseas investment destinations available on the market.

“Over 17000 UK Investors owns Property in Turkey”

There has been a significant increase in the numbers of tourists visiting Turkey in 2007, with nearly 14 million in August alone. Information published by the Turkish Statistics Institute reveal that the numbers are rising at least 16.5% year on year and these numbers are expected to reach an all time high by the end of 2007.

With talks still underway regarding its entry to the EU, if successful this will almost guarantee that any property purchase made before then will be set to rocket in price. Investors are urged to act quickly to ensure a rewarding growth in capital, and with its popularity as a number one holiday destination for many Europeans, the rental opportunities are abundant all year round.