Overseas property news - Turkey’s seasonal appeal

Turkey’s seasonal appeal

Turkey is an ‘investment destination for all seasons’, claims one expert…

According to Robert Nixon, Operations Director at Nirvana International, Turkey attracts visitors both in the summer months and the winter skiing times and therefore provides investors with an 'opportunity to own a home that is rising in capital by around 15% per year in addition to offering superb rental opportunities’.

Mr Nixon enthused: “Without a doubt Turkey is the emerging country that has got it right. In recent years a number of ‘new’ countries have come into the market place but Turkey has taken a positive approach and secured for themselves and their investors a very healthy looking future”.

So what has Turkey got to offer?

  • Recent survey shows Turkey is 7th out of 112 countries for demand for holiday homes.
  • Ministry of Forest and Agriculture in Turkey have restrictions on planners to 2025 to ensure there is no overbuild.
  • Set to become a Golf hot spot with the Ministry of Tourism announcing the allocation of new land for five international golf clubs.
  • Two Turkish hotels have been listed among the worlds 10 best hotels chosen by TUI, plus the Hilton empire is to expand.
  • New airports are schedule to be open.
  • New flights by BA, Thomson, bmi and easy jet.
  • Ranked 8th in the world tourism table with 27 million visitors expected in 2008.
  • Several Turkish banks offering 60-100% mortgages for new and off plan properties

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