Investors eye ‘turquoise’ ‘turkey

The South-Western 'Turquoise' Coast of Turkey is growing in popularity with investors…

The two factors which have so far been holding the area back - poor accessibility and lack of mortgages for British buyers - are set to be addressed in 2008.

EasyJet has acquired GB Airways, which serves Turkey's Southern Coast, and British Airways will start flying into Antalya on April 10. In addition, there is also a new airport at Gazipasa. Routes have yet to be confirmed. A law allowing foreigners to obtain mortgages is currently being passed through parliament and will bolster the market further in early 2008.

Julian Walker of Turkey specialist, Spot Blue, commented: 'You can pay anything between £25,000 for an apartment in Altinkum to £1m for a villa in the upmarket resorts of Kalkan, Kas or Bodrum.Average price rises of 10-15% are realistic for 2008".