June 15, 2007
Turkey ‘presenting good opportunities’
According to a recent report by Amberland, a foreign investment guide, Turkey has potential for both growth of property prices and growth in demand for rental property.
Rhiannon Williamson, Amberlamb director, says Turkey is “a better market” for investors from Britain than some others that have recently proved popular. The region “certainly has more going for it in terms of potential for growth in terms of prices and demand for rental accommodation”. However, the director also reminds potential investors to practice caution in buying Turkish property.
Build quality is a serious issue that needs to be considered says Williamson. In addition, the location of the property, as with any property investment, is of prime importance in terms of long-term attraction. But buyers need not fear, says Willaimson. There should be no problems in generating rental income or obtaining a good resale price as long as the right property is obtained.
Turkey offers a variety of options for both tourists and buy-to-let investors hoping to take advantage of the market. The country has long been a popular destination for the British holidaymaker. At the very least, Turkey offers friendly warm weather and beautiful beaches that attract sun worshippers.
But more than the summer getaways, Turkey has a rich history that everyone should explore. Neighboring Europe and Asia, Turkey is a marriage of influences from many different cultures present in the architecture and artwork. Istanbul, known formerly as Constantinople, was once the crossroads of the civilised world, and there is much to explore and experience in this city.
It is home to the Blue Mosque, so-called because of the blue tiled interior. It was built in the 1600s. The architect of the Blue Mosque or the Sultan Ahmed Mosque was said to spare no expense in creating the most magnificent place for Islamic worship in the world. Today the mosque attracts thousands of tourists a year.
Another place of interest is the Hagia Sophia. It was an early Christian church that was built in 537. Known to the modern world as Ayasofya Museum, it is widely regarded as one of the greatest, and most stunning structures in history
Posted on: Turkey
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