Brits on a budget target turkey

Demand for cheap property in Turkey is going through the roof, according to new figures from property company International Property Agents…

Gordon Lyons, Director of International Property Agents revealed how demand for Turkish property has soared over the last couple of months: “We hadn’t anticipated this level of growth. Whilst all the indicators are looking positive for Turkey, we felt that the number of UK purchasers looking there may have dropped. Quite clearly, this isn’t the case.”

Nearly two thirds of the enquiries received by International Property Agents were for property under £40,000, and 54% of those were for property under £25,000; suggesting that potential investors are seeking affordable property, to try to gain maximum return on their investment.

Budget conscious

Mr Lyons added: “whilst the number of people from the UK looking to buy is increasing, people are certainly more budget conscious now than in the past, with buyers keen to seek opportunities in the lower price brackets.

Mr Lyons concluded: ‘Turkey’s tourist market was developing long before its holiday home market, with in excess of 20 million tourists a year visiting the country. This is a key indicator we look for when choosing where to sell property. If the tourist market isn’t there, investment with a view to holiday rentals simply isn’t backed up by anything. For some time now we have seen all the right indicators with the Turkish rental market and now the facts are starting to speak for themselves.’