Why purchase a property in Turkey to invest in? Well there are numerous reasons why the country can prove one of the most lucrative for those in the market for an investment property.
UK Holidaymakers Love Turkey
The first is the fact that, according to a recent survey by the Post Office, there will be no shortage of potential holidaymakers wanting to rent out your villa or apartment. The research, which was carried out earlier this year, showed that UK citizens regarded Turkey as the holiday destination where they would get best value for money.
The second plus for buying a Turkey property is the fact that the country has such a long summer season in terms of the weather is warm for around five months of the year and even during the winter months it’s not as cold as other Mediterranean climes.
Then there is the fact that the Turkish lira is currently excellent value for Brits due to the high value of sterling in comparison.
Meanwhile, you’ll get quite a fair bit of real estate for your money in Turkey with major coastal resorts such as Fethiye, Bodrum and Kalkan providing good sized two and three bedroom apartments for around £80,000.
Mortgages in Turkey Are Now On the Increase
The value of mortgages in Turkey have risen massively over the past eight years. Latest statistics show they actually rose from 3.5bn in 2004 to 81bn in 2012 – that’s a huge jump and one which can only go in favour of property in the country retaining its value and more.
Infrastructure improvements bringing in more tourists
Planned expansion at Gazipasa Airport is practically guaranteed to bring in more holidaymakers to Turkey’s Mediterranean coastal resorts, especially Alanya and Side where here at Oceanwide Properties Turkey we have offices.
This is turn is set to raise the value of properties in the region, especially in the more popular resorts such as Fethiye and Kalkan while the golfing hub of Belek is also set to benefit.
Selling a Property in Turkey
But what if you’re actually selling a property in Turkey?
Of course, you can let us do that for you here at Oceanwide Properties where we have a wide network of contacts, including access to solicitors. We can also make sure you stay within official channels with regards to paperwork and notifying the correct departments of the sale.
For more information on either investing in a Turkey property or selling your existing bricks and mortar, then do contact us here at Oceanwide Properties where we have a team fluent in both English and Turkish and where we can iron out any potential difficulties between both cultures.