Brits tempted by turkey

The Turkish investment property market could be in for a boost as British buyers head to the country seeking lower priced property and exchange rates...

The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010. Development hubs like Bodrum in Turkey look likely to attract Turkish Investment and retirement home buyers.

Cumberland's director Eric Kaya was quoted by the Daily Mail newspaper as saying, "There's no building work in summer because this is where rich and influential Turks have their holiday homes, so it's protected."

Turkish developers have recently shown a new approach to investors, providing flexible payment options and various property investment offers. Gaining particular attention for its off-plan investment property is Beycik and Bodrum, as well as other coastal areas.

Source: www.selectproperty.co.uk