1. Strong, fast-growing national economy with very low cost of living
2. Rated among the top 5 destinations for property investment by the television programme "Where on Earth?"
3. Mortgages now available to Turkish and foreign investors
4. Foreigners and foreign companies now permitted to own property in Turkey
5. Tourist season now extended to 12 months a year with the advent of golf course developments and low cost airlines
6. Tourism increasing yearly, with currently (2007) 20 million visitors each year and a 2008 target of 25 million. A large part of this is the result of the government's £73 million marketing programme titled 'Four Seasons, 12 months'.
7. Negotiating for accession to the European Union
8. Although Turkish is the official language, English and German are widely spoken
9. Massive housing shortage which restricts supply against a constantly increasing demand
10. Property price growth is very high and, even more importantly, explainable therefore sustainable. Prices are still 30-40% below Bulgaria and Romania and have still therefore a long way to go.
Find Out More http://www.onyxworld.co.uk/country/Turkish_Investment_Properties_-_Akbuk_and_Istanbul
Thursday, 18 September 2008
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