| Why Buy in Turkey? |
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The Turkish property market is witnessing the early stages of a massive boom triggered off by an important change in the law relating to the ownership of property by foreigners. This change only took place at the end of 2002, but property values have been rısıng steeply ever since. As other Mediterranean countries become more and more expensive, it seems the focus ıs now on Turkey. Even the huge Spanish property developers have started showıng a keen interest in land and property purchase in Turkey as they seek to gain an advantage right at the start and snap up as much land as possible. The Turkish economy generally is attracting a massive amount of investment and interest from overseas as the government seek to allign their laws and policies with the rest of Europe in anticipation of full EU membership in the near future. Inflation is down from 90% only 5-6 years ago to 8% today. Tesco have just bought a large supermarket chain and 5 Turkish banks have been bought this year by the likes of HSBC and Citibank. Most European car makers already have huge manufacturing facilities in Turkey as do many electical goods manufacturers. All of these indicators are great news for any investor who is currently buying property in Turkey.. Prices are going up by an approxımatley 40% per year and look set to continue increasing for many years. By acting now rather than a year or two down the line you can still buy at prices that are amongst the most competatıve anywhere in the Mediterranean or Aegean regions today. Altinkum Property Management & Real Estate Consultants offer prospective purchasers a full range of services to make the process of buying your property as simple and straightforward as possible. We pride ourselves on helping our clients purchase their ideal property whether for investment purposes, or to use as a holiday or permanent residence. We guide our clients through the entire purchase process, and are able to offer continuous after-sales service once the purchase process has been completed. |
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