Savills: let’s talk turkey

The worldwide economy may be slowing, but investors can still find bargains in Turkey…

This is the view of Ian Jones, fund manager at Cordea Savills, who explained: “With the worldwide property market suffering a hangover from the credit crunch, investors are looking overseas for opportunities to profit. One place worth investigating is Turkey, where a number of factors are combining to drive prices up, despite the economy starting to slow.

"This is a country of some 70 million people with half of the population under 30 and with an average annual population growth of about one per cent.  House prices are still at a low enough level to attract interest from holiday home buyers and investors from overseas”.

Dominic Whiting, editor of the ‘Buying in Turkey’ guide, added: “People considering buying property in Turkey may find that Bodrum is a location that offers both good facilities and investment potential.

”Bodrum is situated in an area dubbed the Turkish Riviera and has been one of the country's main tourist resorts for some years and it is now becoming a popular destination for overseas property purchasers”.