Investment property in Turkey | Turkey property guide

NIRVANA INTERNATIONAL

Guide to Investing, Buying and Living in Turkey

Investment property in Turkey: Turkey is becoming the best destination in the world for property value growth. The Property Boom along the Mediterranean and Aegean Coasts is in its early days and we urge you to consider it seriously.

Demand for investment property in Turkey is on the increase as well.  Turkey attracts approximately 15 million visitors a year and the tourism infrastructure is very well established.  Turkey is the 3rd most popular holiday destination in Europe.  A recent report from the Turkish tourism office predicted that over 27 million tourist will visit the country in 2006, making Turkey a great place for rental income.

The head of the Turkish Hotels Federation (TUROFED) has predicted that 2008 will be a bumper year for the country's tourism sector.

Ahmet Barut said (Wednesday, March 12th) that the coming year could be even better than 2007 when Turkey received $18 billion from 23.5 million tourists who came into the country.

He told the Anatolian News Agency: "In 2008, we expect 27 million tourists to visit Turkey leaving behind revenues of over $20 billion USD. Turkey will experience a record in the number of tourists arriving in the country."

This is good news for Turkey and for those owning investment property in Turkey, high quality holiday homes in tourist hotspots such as Antalya and Bodrum will be in demand.

With many excellent facilities and English being widely spoken and the relaxation of the rules allowing foreigners to own Turkish real estate, this boom is likely to run for many more years.

Nirvana International knows how important property investment is becoming and how serious investing in Turkey will become.

This is the new hotspot that all the large property investment companies are taking seriously. Just look at these statistics.

Investment Property in Turkey: Statistics

Here are a few statistics highlighting

• 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 at 1998 equivalent Spanish prices for a similar build quality.
  
  
• Currently property along the Turkish Riviera is increasing at 2% per month.
  
  
• Turkey achieved third place in the ‘A Place in the Sun’ survey of The UK’s Top 20 overseas property destinations’ (survey published 17 Jan 2008).  Turkey was also voted 3rd in 2005 and 4th in 2006.  A consistent result!  Thus demonstrating that investment property in Turkey is a top choice for UK residents.
  
  
• Turkey has also been named in the top ten of countries where holiday homes are most in demand.  The study, by Holiday Lettings, placed Turkey seventh in a list of 112 other nations. Turkey beat South Africa, the Canary Islands and Spain's Balearic Islands.
  
  
• Turkey was recently ranked in eighth position in the World Tourism Organisation's table of the world's highest earning tourism sectors (Mar 08).
  
  
• Turkey was voted the number one place to invest by International Property. (Inside Track the magazine for the professional property investor)
  
  
• The Independent's Laura Howard named Turkey as the number one location to purchase a home abroad (Mar 08).

Special Rates for Serious Investors

If you are interested in making a reasonable investment and want a great start to your property growth then investing anything more than £350,000 will immediately get you discounts ranging from 5% up to 10% of the property value. 

The Gross sale value of the property purchased will have to be between £350,000 and £650,000 to qualify for a 5% discount.

Where purchases are made in excess of £650,000 a 10% discount applies.

In addition to this, paying for your investment property in Turkey in one lump sum, a discount of 5% is offered of the gross sales value. This is only applicable to property that has not commenced.

The smart investor can therefore earn a clear 15% on their property before anticipated capital growth.

These offers can not be used in conjunction with the ‘Monthly Special Offers’ which can be found by clicking here.

To request a Guide to Investing, Buying and Living in Turkey- Click Here

Investment Property in Turkey: Attractions & Indicators

Here is an introduction to a few of the reasons why property in Turkey is an attractive investment.

Use the enquiry form to guide to Investing in Turkey for further information.

The European Union:
Turkey has now received the go ahead for entry to the European Union encouraging the serious property investor to buy and simply wait for property prices to rapidly increase when full European entry is gained. Starting the search now gives investors serious time to locate the right properties in the right places early, which will ultimately provide maximum results.

Antalya Airport:
Turkey has now received the go ahead for entry to the European Union encouraging the serious property investor to buy and simply wait for Turkey property prices to rapidly increase when full European entry is gained. Starting the search now gives investors serious time to locate the right investment property in Turkey, in the right places early, which will ultimately provide maximum results.

Both Ryanair and Easyjet are actively looking into opening routes to Antalya airport, In practice, when a no frill’ airline opens a route to a city or region, Turkey property prices increase rapidly in the first 12 months after the service has begun.

Championship Golf:
Turkey was awarded Best Golf Destination in Europe 2008 by the International Association of Golf Tour Operators (IAGTO) putting Turkey ahead of other European golfing hotspots including Spain and Scotland.  This is largely due to the Belek district of Antalya, home to championship golf in Turkey, which can boast of golf courses designed by world-famous golfers Colin Montgomerie and Nick Faldo, and also of the first pure links course in Turkey – LykiaLinksGolf.

A recent report showed over 100 courses planned over the next 15 years on the Turkish Riviera.  The Antalya region is well on its way to becoming the hottest place in Turkey for golf property investments and buy-to-let rental opportunities.

Skiing:
Skiing may not be the first thing that springs to mind when you think of Turkey, but considering it is such a mountainous country, it is not surprising that Turkey boasts a number of good quality ski resorts.

Historical Wonders:
Turkey is a vast country with unique natural landscapes and a rich history and culture, the remains of the many civilisations which have inhabited this ancient land. To date, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) has registered nine locations in Turkey on the world heritage list.

Rental Potential:
The Turkish Riviera is one of the unique locations of the world. It has the benefits of what would be expected of a resort with over 300 days a sunshine a year and is also known as the golfing region of Turkey,

As for things to do for holidaymakers, check out our Turkey Real Estate page for an overview of the many fantastic pursuits and activities on offer.

This is just a small sample of the information in the Guide to Investing, Buying and Living in Turkey where you will find information on:

• Mortgages
• Buying procedure
• Power of Attorney
• Conveyance procedure
• Property growth and Taxes and fees

There is also a section on the Practicalities of Living in Turkey and a comprehensive Frequently Asked Questions section and a Glossary.

Simply click here to request your free guide to Investing, Buying and Living in Turkey.

Nirvana International should be your first choice when considering Investment property in Turkey as we have some of the most attractive investment property Turkey has to offer, check out our current Turkey Real Estate Developments.