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Turkey is a country with a lot of potential, and it would be wise for any investor in off plan properties to look at capitalising on the cheaper prices while the country is on the rise. An erratic economy has stabilised over the recent times, with the lowest interest rates in over 30 years and increases in foreign investment. Even though this is the case, foreign investment is still fairly low in the country, and as such the market is not as expensive as one might expect – and with possible EU membership in coming years, right now is the perfect time for anyone to invest in property in Turkey, as it will most certainly be the subject of price inflations in the near future. The popularity of the country is unquestionable, and the growing reputation of Turkey is cemented by things like a recent Channel 4 poll which placed the country as the third best in the world in which to invest in property and house prices that have risen by 20-40 percent in the last few years. The most popular region of Turkey is Istanbul and the European region, with tourism a booming trade, and as such fairly high property prices – though not as expensive as major European cities. Off plan developers may wish to look elsewhere for the real bargains though, with the Aegean and Mediterranean coasts offering more than enough choice for the budding property king (or queen). Other regions for the budding off plan investor might include mountain resorts, where the ever more popular Turkish ski sites are taking more and more visitors each year. With pleasant summers and winter activities, a rich and varied history and a forward-thinking attitude, Turkey will almost certainly become one of the most popular countries in the world for property moguls, and off plan sites will be being snapped up faster and faster as time goes by. Whilst there is no such thing as a ‘dead cert’ when talking about property investment, Turkey is one of the closest things you are likely to find!
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