Turkey has been highly sought after as a holiday destination for a long time with around 25 million tourists flocking to the stunning beaches along the Turkish coast each year. The beautiful climate and exotic quality of life help to make Turkey a location that is much in demand.
The profile of Turkey has been greatly improved due to a large increase in media exposure, Turkey property is in great demand and Turkey itself is at the start of a predicted property boom. Turkey's current status as a candidate for membership of the EU with likely inclusion as a full member in the near future has added to the overwhelming interest in properties in Turkey.
Turkish property still offers enormous potential for returns on investment. Last year alone, property prices rose by around 50% with more people looking to purchase homes in Turkey. This extra demand is set to push prices up drastically.
Taking into consideration the country's many attributes, Turkey can hardly be rivaled in any other investment location with similar assets.
Turkish Property Market Overview
Since its application for EU membership last year, Turkey has received a flurry of foreign investment, particularly from Dubai, which will go towards fast improvements to its infrastructure, in readiness for EU inclusion over the next ten years.
Corporate investors are creating new resorts, golf courses and other tourist facilities, while public funds are targeted at improving roads and airports and these are clear indications of a growing tourist economy that will greatly boost capital growth for today's property investments. In fact between 2004 and 2005, tourist figures increased by a massive 22% and continue to rise - all good news for holiday homes and buy-to-let investments.
The most popular spots for tourism and property purchase are along the Aegean and Mediterranean coasts and over the past eighteen months, the number of Britons owning property in Turkey has jumped by more than 200%. It is now possible for foreigners to obtain a local mortgage, further encouraging this emerging market.
All indications show that investment property in Turkey is a wise option today; properties are still unbeatably good value and the tourist industry grows while Turkey gears itself up for eventual EU inclusion.