Turkey Property Investors benefit from Turkeys possible EU ascension says expert

Property investors who buy up land in a country prior to it gaining full European Union (EU) membership are set to reap the rewards in the future, according to one expert.

Simon Walker, sales director of property portal Off Plan International, has highlighted the potential gains to be made by savvy overseas home buyers in countries which look set for EU ascension.

He said: "What people do is to go into a country prior to joining the EU, buy property land, and then obviously that land is going to increase due to the way in which the country is going to grow economically."

Mr Walker continued: "It's the influx of money into the country from other countries and you always have a good safety window once you have joined the EU of about four to five years."

The membership of the EU has expanded from six to 27 nations over the years, bringing the EU's population to 27 million.

Property agents in Latvia reported that house prices in Old Riga saw a 10 per cent hike in the month after a positive vote to join the EU.

This article was brought to you by Nirvana International - Specialists in Property in Turkey