Turkey Investment: Economy
In Turkey, buying an investment property involves examining the country’s economy. Turkey’s recent economic performance shows impressive results and GDP growth in 2007 was 4.5% with the same figure predicted for 2008. Inflation is high, but unemployment is falling, a positive sign for those planning Turkey property investment.
Turkey land investment is also enhanced by growing inward investment – foreign direct investment increased from €2 billion in 2002 to €16 billion in 2007 and the World Trade Organisation recently cited Turkey as one of the world’s most dynamic markets. If you choose property investment in Turkey, invest in the right property. The Turkey land and property market offers a wide choice from Aegean homes such as Belek villas or Bodrum houses as well as a variety of off-plan Turkey construction buildings.
Turkey Investment: Tourism Potential
Turkey buying also requires consideration of the tourist market. Turkey receives over 23 million visitors a year and an annual 7% growth rate is forecast. Turkey’s stunning natural surroundings and pleasant year-round climate are fast gaining it the reputation as one of Europe’s best holiday destinations. An increase in flights from low cost airlines to Turkey’s airports has greatly added to Turkey’s appeal and the government is committed to promoting Turkey overseas to both holidaymakers and those considering property investment in Turkey. Also see Turkey Country Guide for Property Investors.
Turkey Investment: Property Market
Perhaps the biggest attraction for the investor thinking of buying in Turkey is the Turkey property market. Turkey land and property prices are currently a fraction of those in other Mediterranean resorts. Prices including those in coastal areas – Belek and Bodrum are two such locations – have increased by 60% over the last 4 years. Turkey property investment is emerging rapidly and according to the Independent, Turkey is the top location for buyers.
