How and where to buy property in Turkey: Investment potential

With Turkey’s coasts being a popular destination for British tourists plus the fact that the country enjoys sunny weather for most of the year, there is a definite potential for Turkey to establish a vibrant buy-to-let market in the next few years. It helps that more and more investors are already starting to be drawn to the market.

Unfortunately, there aren’t a lot of low-cost or budget flights that travel directly to Turkey’s coastal areas. Easyjet was planning a thrice-weekly service between Luton and Istanbul. However, since June 2006, they are still waiting for final approval from the Turkish Civil Aviation authority. Visitors can opt for chartered flights that run regularly to Bodrum, Antalya and Dalaman airports between the months of May and October.

The Turkish property market is also looking good in terms of capital appreciation. The increase in the number of overseas buyers investing in Turkey has helped house prices to go up between 15–22 per cent last year. With interest set to continue and the possibility of an EU membership, it is unlikely that prices have reached their peak yet.

For those who are willing to take some risks, a property investment in the cosmopolitan city of Istanbul might be something to consider. New apartment developments are currently underway in Turkey’s largest city.

Posted on: Turkey

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How and where to buy property in Turkey: Investment potential

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