November 1, 2007
New Altinkum Turkish property development
For the longest time, Turkey has been British holiday makers’ favorite. Today, Turkey is a favorite among many overseas property investors. With about a million tourists from the UK visiting Turkey every year, there is news going around about a buy to let market establishing itself in the next few years, and buyers are already being drawn to the Turkish property market.
A new development in the renowned Altinkum area of Turkey looks promising for excellent capital potential, and buyers are urged to invest now. “There has never been a better opportunity to invest here especially with so many factors now favouring the investor,” avows.
Michael Johns, Company Director of The Right Move Abroad who are marketing this investment. “Turkey with its large young population is desperate for quality accommodation that is strategically located. With mortgages now imminent for the first time, the Turkish property market is expected to spiral as local Turks step onto the property ladder for the first time. With this in mind capital growth is predicted to be between 30% to 40% per year compared to Spain, which is currently achieving 17%.”
Johns adds that with initial agreement for the country to be accepted into the European Union and a stable, but growing economy, Turkey is fast turning into the preferred choice of real estate buyers who are looking to benefit from all of these factors.
Paradise Apartments are marketing four luxury apartment blocks located around landscaped groups and a swimming pool complex. The one to four bedroom luxurious apartments are ideal as holiday homes, permanent residences, or investment properties.
Posted on: Turkey
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