Investing in Property in Turkey
Property News > Now is the time to invest in Turkey
Property Expert Explains Why Now is the Time to Invest in Turkey
Turkey is a fascinating blend of traditional culture and cosmopolitan modernity. Ancient architectural treasures, colourful markets, chic restaurants and friendly people all add to the appeal of this European hotspot. Quaint fishing villages, stunning coastal beaches, dramatic mountains, citrus orchards and pine forests provide a variety of backdrops to frame a range of different holiday experiences.
Maxine James, managing director of Property-Turkey , specialists in the sale of Turkish real estate, explains why property buyers and investors are increasingly turning their attention towards this popular destination.
"As prices in many of Europe's prime property investment destinations move out of reach, prospective buyers are looking to Turkey for the perfect combination of capital growth, rental return and luxury living where prices are still very cheap," says Ms. James.
She goes on to explain that in 2003-2004, over 42,000 properties in Turkey were sold to overseas investors, with prices going up by 50% in the last year; forecasted to go up by the same again in the next year.
"There has never been a better time to buy in Turkey," adds Ms. James. "The process of buying is very straightforward with little red tape and the costs involved with purchasing are very reasonable. Living expenses in Turkey are approximately 40% less than in the UK. With prices rising and with Turkey expected to join the EU in 2008, the potential for investment in this area is enormous."
Property-Turkey offer property, real estate, off-plan developments, luxury villas and apartments for sale throughout the country to suit all budgets. Working very closely with hand-picked Turkish estate agents, the company does as much as possible to ensure every client's property buying experience is as straightforward as possible.
"Buying property in Turkey can be a risky business," explains Ms. James. "Buyers need to be aware that everyone and their dog has property for sale and will try to sell it to you! That's why we advise people to always use a professional licensed estate agent, which of course all of ours are, and to be careful and trust their instincts."
Property-Turkey provides a comprehensive service to assist clients throughout the buying process, offering professional support and advice to make the experience as clear-cut as possible.
In April 2005, Ian Homewood bought an apartment in Side, in Antalya, with the company's help.
"Being new to Turkey, it was important that we found a reputable agent who we could trust to help with, not just the legislation, but also the little details which are so difficult when you don't (yet) speak the language," explains Mr. Homewood.
"Luckily, we found Property-Turkey who put us in touch with the best agency in the area. From the day that the agent took us on, the service levels were absolutely amazing. Nothing was too much trouble and what could have been a nightmare was turned into a pretty pleasant and painless experience."
Property-Turkey prides itself on offering valuable information to clients, including extensive knowledge of the buying process in Turkey, local news and developments, advice on buying to let, as well as offering inspection trips to view any of the business' properties in all areas of the Turkish Riviera.
"Turkey really is a paradise waiting to be discovered, there is something here for everyone," says Ms. James. "Prices are refreshingly reasonable and if you can't find your dream house you can have it built for you! So whether buyers are looking for a holiday home, a permanent residency or an investment opportunity, Turkey is the place they should be considering, and while prices are still reasonable, now is the ideal time to invest."
Property-Turkey offer real estate, off-plan developments, luxury villas and apartments for sale throughout Turkey.
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