UK and turkey tipped for investment by agents

Highlighting the opportunities available in both for just £170,000, property specialist Spot Blue labels both as leading markets in Europe. Indeed, while many countries are struggling with recession, held back by deficits or mired in economic uncertainty, UK and Turkish property are both enjoying strong growth.

Turkey ranked sixth in the latest Knight Frank Global House Price Index, with values climbing 12.2 per cent year-on-year in the second quarter of 2013. The UK, meanwhile, saw an annual rise of 1.4 per cent, but has seen average property prices hit record highs in London as values rise at unprecedented rates.

The typical UK home is now worth £170,514, according to August statistics from the country's second biggest lender. In the UK, this will typically buy a studio or one-bedroom flat in an affordable London borough, explains Spot Blue, a three-bedroom semi-detached home in the Midlands or a three-bedroom terraced house in Torquay or Weymouth.

In Turkey, that could fetch a two-bed apartment in one of Istanbul’s central, booming suburbs, a three-bedroom villa five minutes from the beach in the resort of Kalkan, or a four-bedroom villa located near Turkish golfing Centre Belek.

Julian Walker, Director of Spot Blue, commented: “There are different forces at work driving growth in each country's market, but the bottom line is that demand remains high in both and they remain attractive to international buyers, both for investment and lifestyle purposes. This contrasts with much of Southern Europe, where there is still uncertainty over when property values will start to appreciate again.”