Turkish Property

At Turkish Property & Mortgages, we are not only able to help with finance, but given our close ties with Turkey and vast experience in the property market, we can also advise on finding the best property for you. We have spent many years in Turkey and travelled the country extensively, which qualifies us to give you independent advice on the best areas & and where and what to buy. If you require our assistance in any way, please contact us.

Although Turkish property purchases by foreigners has risen almost 200% within the last year, the recent introduction of mortgages in Turkey has led experts to believe that a real property boom is imminent. With prices rising quickly along the main coastal towns, anyone buying property now will have a sound investment on their hands.

Turkey is a country of great diversity and whether your fancy is skiing, sunbathing, water sports, golf or visiting architectural sites of bygone ages, there is something to suit all tastes.

Turkey is yet to become a member of the European Union; as a result, many investors are seeing a golden opportunity to buy Turkish property right now as they think the property boom will soon move from the popular European markets to Turkey.

Turkey represents one the best investment chances there are in the Mediterranean basin right now with growth rates predicted to climb up to 3.6 percent in 2011, and together with the low cost of living, easy access and the excellent weather, Turkey is currently one of the top places to buy a holiday home.

One of the top holiday rentals companies recieved a 70% increase in the number of enquiries about Turkey last year and 2010 has already seen an increase in numbers compared with figures for the same period last year.With the private letting market growing so successfully, anyone buying Turkish property to rent can now expect solid returns.

Land prices in Turkey have doubled in many cases and property prices have risen by up to 40%. Taking an average of 25% capital growth, a property purchased for £60,000 with sustained growth over five years, will have a market value of £183,100 - resulting in a whopping 305% return on investment.

In recent years, as golf courses with international standards have opened up, Turkey has become an elite golfing centre where players from around the world can meet in an environment of quality and prestige. New marinas in Turkey will also attract more property investors as the country aims to position itself as a major yachting destination. These new marinas are part of the Turkish government's ambitious strategy to increase marina capacity along the country's Aegean and Mediterranean coastline from 25,000 berths to over 50,000 berths by 2023.

Turkish property bought in locations close to any of the exsting or planned golf courses or new marinas should provide excellent investment potential and yield good rental returns.

The future therefore looks decidedly rosy for Turkish property investment, whether it be to take advantage of the high capital growth, the increasing rental market, or purely for a holiday home that can be used all year round due to the fantastic climate.