Investing in Turkey Property
Released on = May 11, 2007, 8:35 am
Press Release Author = MedSea Group
Industry = Real Estate
Press Release Summary = Turkey is The capitol of new Holiday Property Investments
Press Release Body = For an increasing number of international investors in the overseas property market, the opportunity to experience a new culture, not just in a hotter climate, is an important factor. Which is perhaps why Turkey - straddling Europe and Asia - has become an increasingly viable choice for USA & UK purchasers in recent years.
Generally, overseas property interest in Turkey is centered on its southern coastline. On the Mediterranean coast it is the areas surrounding Antalya, where much of the initial overseas interest in Turkish property has concentrated.
While these areas are all still popular with buyers, a growing number are also now looking to the stretch of Mediterranean coast that runs from Fethiye to Alanya. Both coasts offer a mixture of different lifestyles depending on the resort, from relaxed to lively and sporty. Just 15 mins from Antalya international airport, Belek is fast becoming Turkey\'s new golf capital.
What\'s more, no matter which resort you choose to settle in, there are two things you can be sure of - the weather will be hot and the property affordable. Temperatures in the southern Mediterranean resorts average around 23C annually and almost 30C in summer.
Another worry for investors could be the unresolved dispute regarding Turkey\'s accession to the EU. The country has been slated to join some time in the next ten years - a development that will undoubtedly support Turkey\'s property market and economy in general - but ongoing wrangling\'s over the Turkish government\'s refusal to allow Greek Cypriot ships and planes into its ports and airports remains a sticking point, as does the fact that freedom of speech cannot be taken for granted.
However reaching $1.8 Billion in property sales for year 2005 (near Spain and Portugal), clearly shows that even without EU membership, purchasing a Turkish property is safe. Everyone in Turkey remains optimistic about Turkey\'s eventual EU membership, but even before EU talks Turkey has already become a hotspot because of the ease in purchasing the property, constant price rises and low taxes.
Turkey is certainly an intriguing country, as ideal for sun worshippers as it is for culture vultures. And while the property market still seems over priced in Spain, Italy and Portugal, buying a home in Turkey is a profitable experience worth looking into.
Web Site = http://www.turkish-property-world.com
Contact Details = MedSea Group Atif Zengin Cad. No.20/B 07525 Belek Turkey
Tel: 90 (242) 715-3104 Fax: 90 (242) 715-3105
info@turkish-property-world.com
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