- The Aegean Coast of Turkey is seeing property prices booming with the advent of the new $50 million marina and direct ferries to Greece. This will be one of the biggest in Europe and will hold approximately 555 yachts. Expected to be built in just 30 months, this will boost property prices in the general area and particularly around the marina and on the new marina road.
- Didim / Altinkum is a Top 3 designated area in Turkey for Government funding (Euro 25 plan).
- Voted 3rd best place to buy abroad - Channel 4 Homes 'A Place in the Sun' (click here)
- High capital growth potential/low entry price. Many experts believe that Turkey has all the same similarities as Spain in the mid 80's. Tourism levels are rising each year and like Spain the climate is exceptional. Easy access is available from the UK in just over 3.5 hours.
- 300 days of sunshine a year! The Aegean coast of Turkey has a much warmer climate than most other European destinations.
- The local Government are proposing a number of championship golf courses in the area, which will add the final touches to this amazing investment hot spot, which is set to be a 'jet set' destination within the next two years.
- Tourist numbers have risen from 12.8 million in 2002 to 22.0 million in 2007, catapulting Turkey to eighth in the World Tourisms Organisation's (WTO) rankings.
- Mortgages are now available in Turkey. Depending on what you read, property prices in Turkey have risen by between 15 - 30% over the last few years. This has been achieved with there being no mortgages available in the country! Imagine the impact on the UK market with no mortgage facility. This had a huge impact on the Spanish market and fuelled amazing price rises over several years.
- Favourable buying conditions with low property taxes and no capital gains tax after 4 years. Properties are purchased freehold via a simple legal process.
- In 2005 Turkey began membership talks with the EU, and has recently implemented a series of economic and social reforms aimed at stabilising the economy and bringing the country in line with EU regulations
- In the past few years a number of global brands such as Hilton, Toyota, Ikea, Harvey Nichols and Renault have opened offices in Turkey.
If you are looking to buy a property in Turkey, we recommend you buy sooner rather than later while properties offer excellent value for money. Once you have secured your property investment, you will benefit from capital appreciation almost immediately.
Turkey is a fantastic opportunity. Please Contact Rami Properties for further information.
