WHY BUY IN TURKEY
Turkey was voted as the 3rd best destination in the world to buy a property. (A Place in the Sun – Channel 4 television)
Turkey was voted the best destination in the world for affordable, high earning growth. (A Place in the Sun – Channel 4 television)
Turkey was voted the number one place to invest by International Property. (Inside Track the magazine for the professional property investor) Altinkum is a newly developing area, this is why Altinkum and its surrounding environment is declared as a Tourism Development and Protection Region by Turkish Tourism and Culture Ministry, due to the 2634 Tourism Encouragement Act of Turkey. Land prices have doubled in the last 2 years in the most popular areas and property prices have risen by 25% to 40% in the last year alone.
Currently prices are running equivalent to 1998 Spanish prices for a similar build quality. The price of properties and land in Altinkum is very reasonable compared to France, Spain and Cyprus as well as other seaside properties in Turkey such as Bodrum, Kusadasi Fethiye etc. Last year, properties prices rose by around 40% and lots of investor are looking for Turkish Development Companies.
In 2005 tourism is expected to increase by 25%, making it a great place for rental income.
The cost of living runs at around 30% - 40% below the rest of Europe.
With a well-established tourism industry, foreign languages are widely spoken.
Turkey is expecting to join the European Union soon, more and more British People buying property in the Aegean and Mediterranean regions, the potential for returns on investment in this area is enormous |