Property in Turkey

Property in Turkey
Overseas buyers heading for the cultural shores of Turkey
are on the increase. Buyers from the UK are increasing and
so are German buyers all attracted to low priced real
estate, a lower cost of living and a great climate.

It's official - Turkish Tourism is on the up as
international visitors are attracted to the Turkish
climate, lifestyle and quality holiday resorts. Overseas
property professionals have also seen a rise in Turkish
Property buyers seeking to secure a home of their own in
Turkey. The Turkish Statistical Board recently announced
that 9.6 million tourists visited Turkey in the first half
of 2007, bringing in $5.9 billion. That compares to 8.27
million visitors and $5.7 billion in the first half of
2006. In July of 2007 there were an additional 3.6 million
foreign visitors. That is over a 16% increase from July,
2006 when there were 3.1 million visitors. It is also the
8th straight month of tourism increases in Turkey, showing
the increased strength and viability of the market.
Overseas property professional are also reporting an
increase in activity from buyers searching for a Turkish
property. So what can you get for your money? Two bed
freehold apartments start from GBP27, 000.

The combination of low property prices, low cost of living
and increasing demand is forcing property prices up and
increases of 20 - 25% pa are not unusual.

Property hotspots for growth are the area of Antalya, this
is a favourite spot for foreigners looking to buy or rent
property in Turkey. Last year over six million tourists
from 160 countries visited this city on Turkey's southern
coast. It has an ideal location overlooking the
Mediterranean Sea, a modern, international airport that
makes it easy to get to, and a climate with over 300 days
of sun each year.

Turkey has recently introduced mortgages for non resident,
and this, together with the increasing number of low cost
direct flights, continuing EU entry negotiations are all
adding to the upward property price pressure. As in
previous EU applications, this increase in demand is set to
continue. Germans are now the largest numbers of foreign
visitors to Turkey, followed by Russia and then the UK. The
Netherlands, France, Belgium, Austria, Iran, Bulgaria and
Ukraine round out the top ten countries with tourists to
Turkey, totalling 65% of all the visitors to the country.
Ahmet Barut, Chairman of the Turkish Hotels Federation,
noted that the "number of tourists who came to Istanbul
since the beginning of 2007, increased 30 percent over the
same period of last year. Many Japanese, South Korean,
Asian, Far Eastern and American tourists prefer Istanbul
this year."

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Buying property in Turkey needs advice and research author
Nicholas Marr has done this for you and works with numerous
real estate agents around the world including agents in
Turkey. These relationships make his articles informative
and up to date
http://turkey.homesgofast.com/