South Turkey - The New Hotspot for Property Investment in Europe

Ever thought about investing in South Turkey property? If you have NOW is the time to act…if you haven't then here are a few reasons why you should start thinking about it!

Foreign Property Investment in Turkey allowed…again!

Buying property in Turkey as a foreigner has not been an easy path to follow over the last few years. In 2003 the country opened its doors to foreign investment, and for a time it was possible to snap us some good property investments here. Then in 2004, the door closed. A constitutional ruling prevented foreigners from buying Turkish property, and it is a situation that has persisted right through until the last few months.

Today, the doors are once again open - and likely to remain open for the foreseeable future!

Mortgages allowed in Turkey by the end of 2006

Another obstacle that is being removed this year by the Turkish government is a law that will allow foreign investors to obtain a mortgage to buy property in Turkey. Up until now foreigners have not been able to do this, and have had to find alternative means of financing their purchase.

With access to mortgages it is expected that buying property in Turkey will all of a sudden become a very simple process this year.

Investment Forecast

Turkish real estate agents are in a very buoyant mood about the state of the property market in Turkey. Forecasts of capital appreciation in the range of 10% to 20% this year are widespread. Investment analysts outside Turkey are also tipping the country as being one to watch this year. If you want to make some serious property investment gains Turkey would seem to be the place to invest.

Property Prices are low

Despite the predicted high gains in property value this year, property prices are set to remain low. Quality Turkish holiday apartments are available in Southwest Turkey for as little as 40,000 euros. You can even acquire 3-bed apartments at the exquisite Fethiye Harbour in South Turkey for just 90,000 euros! A selection of South Turkey property can be found at http://www.propertymagnate.com/property/Turkey-property.html

Climate

The weather in South Turkey is nothing short of idyllic. The coast especially enjoys fine weather all year round. Long hot summers and mild dry and sunny winters are the norm in South Turkey. Some areas of the coast like Fethiye and Bodrum are in fact positioning themselves as all-year-round vacation resorts because of the climate.

Budget Flights

EasyJet - one of Europe's leading low-cost airlines - are scheduled to begin new routes into Turkey in 2006. This is likely to fuel the Turkish property market still further.

EU Entry possible

Turkey are making moves to enter the European Union. Talks are progressing that could see Turkey join the Union in the next few years.

Has Turkey piqued your interest? If it has why not get on a plane, fly down to Turkey and check the potential out for yourself? Istanbul is the principal international airport. It serves many domestic airports in the south, such as Antalya. Car hire can be booked in advance for pick up at all of the airports in Turkey by visiting www.your-carhire.com

Article Source: http://www.propertymagnate.com/articles

Seb Jay
PropertyMagnate.com - overseas property specialists
Overseas Property

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