Dreams Of Turkey Apartments And Villas For Sale In Calis Fethiye Uzumlu Kalkan & Bodrum

Great Reasons to Buy in Turkey

 

Turkey offers a best of both worlds scenario combining the very low prices of a market in its early stages of development with already established rental prospects for those who want it.  With some buyers being priced out of the more established Mediterranean property markets, Turkey's relatively low prices and the potential for major increases in the future are seeing thousands from around the world take the plunge. With its outstanding natural beauty, fabulous climate, renowned hospitality, huge popularity with tourists and property prices offering exceptional value for money, Turkey is becoming increasingly popular for British home buyers in the Mediterranean.

Turkey is fast becoming one of the most popular countries for UK buyers of overseas property, giving the more traditional hotspots – France and Spain – a serious run for their money...

According to A Place In The Sun magazine’s annual top 20 buying destinations, Turkey has risen to the bronze position, knocking last year’s 3rd placed Bulgaria well into left field at only 8th in the popularity ranking. The country may be located further a field than 5th place Italy and 13th place Morocco, but this only goes to prove that the old adage - the lesser the distance, the more popular the overseas property investment – is well and truly a message of the past. The facts substantiate the premise that one can never underestimate value for money, a cosmopolitan, secure lifestyle and a general feeling of well-being.

Irrespective of the low cost / high standard of living offered by this Mediterranean country, there are other major factors that have enabled Turkey to ‘leap-frog’ other countries to its currently desirous position. Pound for pound, Euro for Euro, price per square foot/metre remains significantly lower than many European countries. How long this will last is anyone’s guess with indeterminable variables such as a growing ‘grey population’ with a greater disposable income yet a current international credit crunch affecting the rational balance of the overseas property buying equation.

March of the Brits

Turkey would appear to be a division of two halves – those areas already established with investors and holiday home buyers, such as Bodrum and Istanbul and those areas currently picking up momentum on the international property radar. Alanya and Belek both fall into the latter – with good reason. Both lie on the Southern Riviera, the former being a heady mix of ancient culture and beach paradise, with a reputation for a secure, ‘family’ oriented environment. The recent announcement that Alanya’s much-anticipated international airport is to open later this year, has already seen investors flocking to the 3,000 year old city.

The British already register as the third highest number of foreign owners of property in Turkey, behind the Germans and Greeks. (Source: Sabah January 2008). Accounting for more than 20% of approximately 70,000 properties owned by foreigners, the figures may well look different in a few years with Turkey’s economic and cultural attractions becoming more visible.

In Alanya alone, 130 million euros have been invested over the last 8 years in roads, public services and public facilities, whilst the nearby hydroelectric dam – to be completed in 2009 – will confirm the city’s ‘green’ promise.

Add to the mix the fact that Turkey has one of the fastest growing economies in the world; it is now possible for foreigners to obtain a local mortgage and the famed Turkish hospitality and it is not hard to see why Turkey’s popularity is gathering pace. The ‘now’ is rosy and the future is looking equally promising.’

For any doubters out there, consider the 2007 FORBES Misery Index, which measures personal income vs tax burden in a range of countries. France is listed as the most miserable place, Spain comes in 12th, whilst Turkey ranks a mere 26th – even lower than the UK !

 Some Recent Articles On Turkey

Turkey’s Holiday Lets Prove Profitable

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Increasing numbers of British investors are buying homes in Turkey to rent out to holidaymakers.

As Turkey’s tourism sector continues to flourish, you may be able to regain some of your property’s costs by renting it out during the holiday season, particularly in July and August.

The Turkish holiday rental market has huge potential with the country expecting 24 million foreign tourists in 2008, of whom well over 1 million will be British. “The start of low-cost flights into the Turkish resorts, with Easyjet now flying from Gatwick to Dalaman four times a week, will be a huge boost to the fledgling holiday lettings market,” says Dominic Whiting, editor of Buying in Turkey.

However, Dominic points out that the buy to let market is still in the early stages of its development in Turkey, and that rapid development has created a large pool of rental accommodation, with an over-supply in some Turkish resorts.

“This makes it very important to choose the right kind of property in a good location, if rental is a primary concern,” warns Dominic. “It is also unwise to rely on rental income to finance your purchase, no matter what the estate agent promises!”

In family-friendly resorts such as Alanya, Altinkum and Kusadasi, apartments and small villas on complexes are the easiest type of property to rent, while in the more upmarket resorts, such as Kalkan and Kas, large villas with pools offer the best rental returns.

The Aegean resort of Cesme, which is very popular with Turkish holidaymakers from the major cities, has a buoyant rental market in summer with gross yields of up to six per cent.

However, Dominic advises that serious buy-to-let investors should look to the main Turkish cities where good rental yields can be achieved all year round. Wherever you choose to buy in Turkey, the future looks good for buy-to-let investments.

 

Turkey's EU Bid 'Good For Investors'

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Turkey's bid to join the European Union could help to benefit investors in its property market, according to an expert.

Rhiannon Williamson, director of ShelterOffshore.com, said the government and most of the population were in favour of the country joining the international body. She stated that authorities were currently working to ensure that the country met all the criteria outlined in the EU's entry requirements. Which is good news for potential purchasers of investment property in Turkey.

This, she continued, was leading to significant projects such as infrastructure improvements and reforms to various rules and regulations.

Ms Williamson commented: 'All is being done to make property laws comparable with those in European Union member states.'

She added that this would give investors confidence and security in the Turkish property market.

The country's proposed bid to join the EU has already met with opposition by some member states, including Germany and France.

However, other nations such as Spain and the UK have both come out in favour of Turkish accession.

SOURCE:
www.propertyshowrooms.com
 

Turkey is a 'Hot Property Market'

turkeyhotpropThe property market in Turkey 'does not show any signs' of slowing down, according to the general manager of a Turkish bank.
Kaan Tokat, general manager of the London branch of Turkey's IsBank, has said that the market is a favourite for Britons looking to buy abroad, something that seems to show little sign of changing. 'Turkey is a hot property market for UK nationals and does not show any signs of cooling off,' Mr Tokat said, according to Easier.

He added that one reason for this is the 'tremendous value for money' that the region offers, as well as what he refers to as "many other benefits" for those interest in buying for investment purposes or as a second home.

Earlier this week a spokesperson for residential property development company Nirvana International said that Turkey is the perfect destination for those looking for a sunny investment location.

SOURCE: realestatetv.tv

Turkey's A Good Choice For Holiday Homes

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Turkey's A Good Choice For Holiday Homes If you are looking for the ideal place to buy a property for family holidays Turkey ticks all the boxes. This According to figures from the Turkish Ministry of Tourism and Culture and the Association of British Travel Agents Turkey welcomed over one million British visitors during 2008, many of the families, and it was the UK's package destination of choice, knocking Spain off top spot.

The biggest draw for sun-starved Brits is the country's sunshine and blue skies, with great weather guaranteed throughout the long summer. Easter, and the May and october half-term holidays are a popular choice for families as temperatures are not as hot as they are in July and August, which is an important consideration if you have young children.

The other vital holiday ingredient for kids, is a sandy beach, and these can be found all along the Turkish Mediterranean coast. For older kids there are plenty of activities to keep them busy. Water sports like windsurfing, sailing, water skiing and parasailing are available and tours can be arranged to the many historic sites and ruins that dot the Turkish coast. Another important plus is how child-friendly Turkey is. Quite simply, Turks adore kids. Wherever you go expect the children to be doted on and spoilt. It is also an extremely safe country and crime-rates are very low compared to the UK.

Turkey is also only three-and-a-half hours flying time from the UK and there are plenty of budget airlines in operation during the summer season. Many new developments in Turkey have been designed with families in mind and have great facilities such as large swimming pools and tennis courts to keep the kids entertained for hours. It is also likely they will find other English-speaking friends to play with, leaving the adults free to relax.

If you are looking for the perfect family holiday home it is worth considering the following points:

* Find a property close to the beach and shops
* Choose a development with good communal facilities
* Look for an area with activities and entertainment locally
* Select a resort where there are other English-speaking families
* Choose a property within an hour of the nearest airport

 

 

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