Investment property in Turkey today is believed to have a bright future. Turkish property today is valued around 50% more than its price half a decade ago. It is speculated by economic forecasters that in the following two to three years, such assessment would appreciate to 100%.
There are a number of political and economic reasons why the value of Turkish is on the rise. The first is the country’s recent membership in the EU. Second, is its economic advancement, making its economy reach the highest peak it has been for over a decade. Third are its advantageous mortgage in Turkey policies for foreigners. Topping that is the country’s natural aesthetics and historical worth.
The best property for investment in Turkey is on the tourism sector, particularly the resorts. For several years now, Turkey has been experiencing a rapid increase of tourism that since 2004, the rate has increased twice to todays P25 million tourists, more or less. Much of these are tourists who flock the beaches of the country and majority of them are retirees. The real property along the beaches of Turkey has now become the most profitable areas for tourism.
There is no wonder to the fact that Turkey has become a tourist magnet. Other than being a melting pot of European and Asian culture, it has also natural grandeurs to offer. The country is proud of its stunning beaches, hot temperature and other scenic spots. There are still lots of undiscovered areas and beaches that may be good prospects as investment property in Turkey for exploitation and development into formidable holiday vacation getaways.
Other than such reasons, what makes Turkey more attractive to vacationers especially to retirees is that the cost of living in the country is comparatively lower than any European country.
It is predicted that in the next 10 years, the shores of Turkey will be a major international holiday getaway hit in the map. So, investment property in Turkey poses as a luring asset for prospect investors all over the world.
There are a number of political and economic reasons why the value of Turkish is on the rise. The first is the country’s recent membership in the EU. Second, is its economic advancement, making its economy reach the highest peak it has been for over a decade. Third are its advantageous mortgage in Turkey policies for foreigners. Topping that is the country’s natural aesthetics and historical worth.
The best property for investment in Turkey is on the tourism sector, particularly the resorts. For several years now, Turkey has been experiencing a rapid increase of tourism that since 2004, the rate has increased twice to todays P25 million tourists, more or less. Much of these are tourists who flock the beaches of the country and majority of them are retirees. The real property along the beaches of Turkey has now become the most profitable areas for tourism.
There is no wonder to the fact that Turkey has become a tourist magnet. Other than being a melting pot of European and Asian culture, it has also natural grandeurs to offer. The country is proud of its stunning beaches, hot temperature and other scenic spots. There are still lots of undiscovered areas and beaches that may be good prospects as investment property in Turkey for exploitation and development into formidable holiday vacation getaways.
Other than such reasons, what makes Turkey more attractive to vacationers especially to retirees is that the cost of living in the country is comparatively lower than any European country.
It is predicted that in the next 10 years, the shores of Turkey will be a major international holiday getaway hit in the map. So, investment property in Turkey poses as a luring asset for prospect investors all over the world.
