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Love at first sight for many holidaymakers

A growing number of tourists could find themselves lured into the overseas property market as they fall in love with Turkey on a holiday visit, according to one expert.Rhiannon Williamson, of international lifestyle magazine Shelter Offshore, explained that trips abroad often provide the first spark of attraction for many Brits, leading to a step onto the Turkish housing ladder.She said: "Some people say that this year's holidaymaker is next year's holiday home buyer, because many tourists who visit a new destination and really fall in love with it also have a strong desire to spend more...

28-01-2008 - read more...

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2008 looks rosy for Turkish property market says expert

The booming Turkish property market is set to grow again in 2008, according to one expert encouraged by its prospects for the new year.Paul Collins, the property editor of independent advisors the Buy Association, has predicted that a characteristic of the market in 2008 will be the emergence of alternative developments, different from the type of beach villas normally associated with Mediterranean countries.He said: "I think it will compete and become more popular over the next year, particularly with some different kinds of developments coming out now."Some of the developers and...

09-01-2008 - read more...

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Turkey leading property investment drive

Turkey is helping to lead "major" investment in eastern Europe, a new report has claimed.Real estate and money management experts at Jones Lang LaSalle claim that Turkey is among the leaders in €26 billion (£17 billion) worth of investment in property.Jeremy Eddy of Jones Lang LaSalle told the London Stock Exchange (LSE) that "investor interest is moving further east" leading to "the first major transactions taking place in Turkey" and other parts of eastern Europe.Investment in this region last year rose 77 per cent on 2005's figures and during the last...

19-01-2007 - read more...

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Turkey delightful for property

Turkey has been described as delightful for property as over 13,000 Britons now own a home in the country.Low property prices were the country's main attraction, with two-bedroom homes in some areas for around £23,500. This is around the cost of a Spanish property in 1998, something that is now worth an average of £162,000.In addition, the demand means that more houses are being constructed all the time, meaning that there is an opportunity for everyone to invest, with land values doubling in the past two years, the report adds.In addition, Turkey's efforts to join the European...

16-01-2007 - read more...

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Turkey tipped as next property hotspot

Turkey has been tipped to become the next property hotspot thanks to the introduction of mortgages in October 2006. Mortgages were only introduced in Turkey a quarter of a year ago, but insiders are already stating that the effect this is having on property there is extraordinary.According to property expert Assetz, capital growth on homes and dwellings in the Middle Eastern nation is strong, as is demand.Assetz states that mortgage rates can be as high as 5.9 per cent, although Nirvana offers property loans as low as 4.2 per cent. In addition, "with capital growth strong at 20 per cent...

02-01-2007 - read more...

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