Turkey has seen explosive growth in foreign property investment over the last 4 years which has led to property and land prices, especially in the coastal regions rising by up to 200 % .
Many investors compare Turkey with how Spain was 20 years ago, and the level of Spanish property prices are known now.
There are several reasons for this influx of foreign property buyers .
1- Prices ; Even with the large increase in prices over the last few years , Turkey still has some of the lowest prices all round Europe. A villa still can be purchased below £ 45.000 or an apartment flat can be purchased for much less. Property prices are still about 50 % less in Turkey than in Europe.
2- Climate; Coastal Turkey offers an excellent year round climate. Mild winters, gorgeous spring & autumn and hot summers.
3- EU; Turkey has applied to become a European Union member, when it becomes a member, property prices will soar in Turkey. So buying a home will be a very good value for the money as it’s a logical investment for close future.
4- Infrastructure; Turkey is investing heavily in transport links and communications.
5- Economy; Over the last few years the economy has stabilised and Turkey is now (according to the World Trade Organisation) one of the 20 most dynamic countries in world trade. ( See ‘why invest in Turkey ?’ section for a deeply aconomical analys )
6- Holiday Destination; Turkey is now a major European holiday destination, which gives an excellent opportunity to realise very good rental returns on property.
7- Cost of Life; Local prices for food and local services are very low compared to the rest of Europe. For example eating out is very inexpensive compared to rest of Europe and the food is normally superb.
Remember that there are 3 great cuisines in the World.French, Chinese and Turkish.
8- Crime rates; Turkey has one of the lowest crime rates in the World. This means that Turkey is providing a secure life too.
9- Lastly,the people; The friendliest and the most hospitable people in the world.
All of the above made Turkey one of the best places to invest in property for the last few years. Turkey will be one of the number one property investment destinations in the future too, to see the reasons for this logical evaluation go on with ‘Why Invest In Turkey’ section.
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