Don't put your dreams of buying an overseas
property on hold. Described as the 'Credit Crunch Bolt-hole' by
The Times newspaper, Turkey has great value property in the coastal
resorts from as little as GBP 35,000 and proven capital appreciation
rates of 15-20% per year in the best areas. Whether for investment
or fantastic holidays in the sun, Turkish property offers a ray of light
in these gloomy economic times.
"Thanks to a rapidly growing economy,
increasing tourism and huge investment in the infrastructure of the
coastal tourist areas, property in the Turkish resorts represents an
excellent investment," explains Dominic Whiting, editor of the
Buying in Turkey guide. "However, like all market's you need
to do your research and choose the best areas."
Below is an independent round up of the
best value apartments and villas in the best areas on the Turkish coast
this summer according to the Buying in Turkey guide.
Gokdere Apartments, Ozdere, from GBP
36,500
Amazing value two-bedroom apartments
just 5 minutes walk from a lovely beach in the resort of Ozdere, which
is largely undiscovered by foreign buyers. A very high-quality
build for the price.
Sun Complex, Altinkum from GBP 40,000
Spacious and well-built apartments in
a fantastic location near the beach in the popular resort of Altinkum.
Ready for use in August 2008.
Akkaya Gardens, Dalaman, from GBP 46,200
Two-bedroom apartments with stunning
views and excellent facilities in the beautiful Akkaya valley.
A winner in the Best Turkish Development category of the CNBC Property
Awards, these are a great buy for holiday use and investment.
The Melito Villas, Kusadasi, GBP 67,500
These hugely popular four-bedroom villas
are fantastic value for money. Walking distance to the beach and
with a large pool, they are ideal for family holidays. Proven
rental potential too.
So why is Turkey such a good buy?
Here are just a few of the main reasons.
It has fantastic scenery, great beaches
and very friendly and welcoming people. It has a rapidly
developing economy with rising income levels and a growing domestic
property market. This is excellent news particularly for anyone
wanting to buy investment property in Turkey as it gives them a growing
domestic market that they can use as part of their exit strategy.
Turkey is a major tourist destination,
with over 25 million visitors expected this year alone and with the
World Travel and Tourism Council predicting consistent growth over the
coming decade.
There is huge on-going
investment in infrastructure and tourism projects, such as marinas,
golf courses and airports in Turkey, there is a very low cost of living
- about 60% lower than in the UK for example. Property values
are well below the EU average, though rising fast and up to 15-20% price
increases have been enjoyed per year...
For more information about buying property in Turkey contact www.buyingin.co.
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