Ten Reasons to Buy a Property in Turkey..Second Home in Turkey..

Lots of tourists who have already been to Turkey, have dreams of obtaining an overseas property in Turkey..For the ones who haven't visited yet, I will write down some reasons why Turkey shall be considered as an ideal location for a second home.

1. You can find great choice of affordable property in Turkey (in great Turkish Riviera) available at a fraction of the cost of similar properties anywhere in the European countries like Spain,UK..
   
2. In Turkey life is still cheap, (still no euros =) ) Cheap cost of living which means you get more for the amount of your money. Better quality of life is waiting for you and no more shocking winter fuel bills.
3. Good and cheap Transportation.Direct flights from Europe to Istanbul.Cheap bargain flights bring more than 20 million visitors to Turkey(Antalya,Istanbul,Bodrum,Fethiye...) each year, many of whom will return again and again. (www.thy.com.tr)
4. Discover the great climate. It is perfect for someone who hates the cold and loves the long hot summers and balmy winters.
5.  hospitality and warmth of the Turkish people, whose second language is English,German and Russian in some areas.
   
6. The main property hotspots like,Antalya Bodrum Fethiye, have a good quality infrastructure in place all year so that everyone can benefit.
7. There are good construction companies who only offers best quality properties in Turkey, with a 10 year structural guarantee approved by the Turkish government and EU certified building materials.
   
8. Demand for properties in Turkey has been growing which means high capital and rental returns. One of the best property hotspots in Europe is Turkey.
9. You can find beautiful blue flag beaches, undeveloped bays and coves and stunning inland scenery with mountains, lakes, rivers and waterfalls all waiting to be explored.
10. And, fascinating historical sites alongside simply beautiful, modern cosmopolitan cities and sophisticated resorts for the finer things in life.

Turkey Property (whole Industry) Benefits from Return of British Buyers

There have been numerous signs in the past few weeks that the overseas property industry can breathe a sigh of relief; the worst seems to be over. Overseas Property Professional magazine has featured several articles quoting industry professionals reporting increased leads, and increased sales, including a surprising run on off plan property sales.
Turkey is set to be one of the biggest benefactors of the market revival, which is largely fuelled by the return of British buyers.
This is because, with the deficit between the Euro and Sterling potentially cancelled out forever, Turkey is one of the few places within easy range of Britain where we Brits can enjoy the cheap holidays in the sun that have made us famous around the world. Cheap holidays means cheap property, and many buyers are finding Sterling’s current strength against the Lira a massive benefit in their holiday home purchase.
There is also increased faith in the Turkish property market as a safe place to buy property. Earlier this week, overseas mortgage provider Conti revealed data on the most popular locations in terms of british buyers applying for overseas mortgages. The report showed that today’s buyers are favouring established markets over the far flung destinations that made it to popularity in 2007.
Turkey featured in third position, behind France and Spain, and perhaps more notably, above Italy and Portugal. Turkey was the only emerging market in the top 5, which shows that people trust the market. It also confirms that Turkey property is set to be one of the most popular with the new wave of buyers for the reasons mentioned above. The data also showed that of all British buyers applying for a mortgage through Conti, 13% of them are buying in Turkey.
Taken from http://turkeyblog.spotblue.co.uk/

Potential Bodrum boost as euro-free Turkey hailed

Turkey has been hailed as a good place for Britons to invest in property due to it not having the euro as its currency.

European sales manager at international property firm Atlas International James Dearsley commented that this situation is encouraging investors to look at the country.

He stated: "Because Turkey is not in the euro, it means that it is a very good investment for them because they don’t have the euro exchange rate."

Such a situation may encourage many people to consider buying Bodrum Property

Mr Dearsley also said that the increasing popularity of the country as a tourist destination has prompted a rise in the number of people looking to make a permanent move to the country.

The level of interest in Turkish real estate - which includes Bodrum Property- such that it made the top ten for the most popular overseas investment destinations of 2009 in the annual Jet-to-Let Magazine readers’ poll.
Taken from http://www.rightmove.co.uk

Buying Property in Turkey

Traditionally British people have bought property mainly in European-Mediterranean countries such as Spain , France , Italy and Cyprus as well as famous US destinations like Florida . However, these places have recently become extremely expensive and saturated. Nowadays, the UK citizens have been seeking other alternative overseas destinations.

If you, as a UK citizen, prefer buying a property at a very reasonable price which you can use yourself for regular holidays and that you can also rent out to get some income in a country where the summer is nice and long, stretching from March to November, and there are many tourism attractions, then Turkey is the most appropriate destination for you.

In 2007, more than 23 million tourists visited Turkey and more than 25 million tourists are expected to visit Turkey in 2008. This figure is expected to double within a few years. Moreover, future projects such as creation of much more congress, golf, health tourism centres, having held international sports events such as Formula 1 races, international university Olympics-Universade 05/Izmir and UEFA Champions League Cup Final in 2005; the fact that Turkey started full EU-membership negotiations in October 2005 are all potential factors which will contribute well to property market in Turkey.

Moreover, the facts that;

• The new mortgage law and other relevant laws was enacted in 2007,
• Housing supply in Turkey currently lags behind the demand,
• Average age of houses in Turkey suggests that there is a strong need for new developments,
• The buildings erected after the devastating earthquake in Izmit, a city in the northwest of Turkey, in 1999 are much more preferred by investors since those (newer) buildings have to be pursuant to the earthquake-proof standards which were launched after 1999,
• Significant number of buildings lack the required licenses,

suggest that house prices are highly likely to be rocketed within few years. Thus, there are big prospects for property and construction related businesses.

taken from http://www.turkisheconomy.org.uk