Why invest in Turkey?
Turkey is a very popular place to buy abroad for British people, and recent down turn in property prices means that there are bargains to be mad. The turkish lira mas maintained a parity with the british pound over the last number of years. Although there is of course a sesonal fluctuation.
Encouraging for foreign buyers is the fact that after only? Years property resales are not liable for capital gains tax.
As entry to the EEC, approaches the Turkish economy remains healthy and Turkey is in fact the 17th largest economy in the world. Undoubtedly turkey's completion of the european entry process will only help to encourage a rise house prices and so secure a good return on your investment.
Great Rental Potential of Turkish properties
Holiday resorts attract tourists as well as people seeking sun in winter. The holiday season is very long in Turkey from April until November. Although the rental market in Turkey is in its infancy stages, due to the low property prices you can get very high returns. Location of the property (villa or apartment) is extremely important. The cheapest properties for sale in Turkey do not always represent a good investment, as like, everywhere else; you would have to pay slightly more for prime locations and better built properties.
Turkish property Capital Growth
The property market in Turkey is very buoyant and in the past few years has seen a steady growth of 15-20% or even more in some parts of Turkey.
Direct Flights
Direct flights to Turkey are a big bonus, when buying a property in this country. The costs of the airline tickets are going down due to more airlines flying to the Mediterranean Turkey each year. Fethiye, Bodrum and Alanya have been discovered by British tourists many years ago. There are plans to have more direct flights being scheduled as more Brits choose Turkey as their permanent home or buy holiday villas or apartments here.
Warm Climate
The warm climate is undoubtedly one of the main attractions for sun starved Northern Europeans and British people in particular looking to buy a property in Turkey . Like Greece and Cyprus , Mediterranean Turkey has over 300 day's of sunshine with over 1,500 kilometres of coastline on Mediterranean. In Mediterranean and Aegean Sea areas, the average temperature in summer is around 86 -105 F (30- 40C ), in winter it is normally above 50 F ( 10 C ). Winters are normally short and mild. It can rain between November and February. Imagine swimming or sailing 9 months a year in the clear waters of Mediterranean Sea?
Cost of Living is another reason for buying a property in Turkey
You will not find a better place in the sun and the value for your money destination to retire and buy a home in Turkey or come on holiday for 9 months a year. More and more retired British people choose Turkey to live permanently and buy their property in Turkey as they can live a luxury life as the cost of living is a fraction to UK . For example, gas would cost you around £ 13 per month (depending on usage), electricity is about £0.05p per kilowatt, and water varies from £ 0.40p to £ 3.00 per ton depending on if you use the mains supply or not.
British Community
You will not feel being cut off from the life back in UK - 52 channels are available through the local service provider, including BBC World service and Eurosport. There is a National Turkish newspaper also available in English. Social events are organised regularly by British local residents, as well as other Europeans.
Healthcare
All foreigners have to pay for medical treatment in Turkey , which is a fraction of cost than in the UK . There are a number of private hospitals in Turkey , where English is widely spoken. The standards of healthcare are high.
