Investment Property in Turkey

Featured Overseas Investment Property

Overseas Investment Property in Turkey

Mortgage Law Passed
The Turkish government has passed legislation to make mortgages available to Turkish residents. This will have far-reaching effects for the property market in Turkey. The law, which comes into effect on 1st january 2008, will enable a large portion of the ever-increasing middle class Turks to become home-owners, and will create a huge market of first-time buyers. This 'boom' in Turkish buyers will help foreign invesment property investors substantially with regards to investing with a lesser risk, as more and more ATurkish residents will be able to buy your investment property from you, giving you a better chance of a successful exit strategy

Growing Economy
Turkey's economic growth unexpectedly accelerated to 5.2% in the fourth quarter as exports helped sustain a fifth year of uninterrupted expansion¹. A recent report published by Urban Land Institute (Emerging Trends In Real Estate - Europe) suggests that international real estate investors rank Istanbul as the top market for development in Europe! One interviewee stated that Istanbul is "the biggest opportunity around the continent² Giving property investors the perfect opportunity to invest in something with great investment potential and maximise their return on any investment property bought in Istanbul

Steady Capital Growth
Due to the relaxation of foreign property ownership laws earlier this year, Turkey as a whole is predicted to become one of Europe's strongest property markets in 2007. According to the London Stock Exchange, next year will provide some 12% capital appreciation³ accross the country as a whole. In some emerging hotspots, this figure could even be considerably higher, 20% p.a. is feasible, making investment property potential in Turkey a fantastic opportunity to really expand your property investment portfolio, whilst making sure the invesment property purchased is maximising your returns on investment.

1-www.bloomberg.com/apps/news?pid=20601085&sid=aByddBolqshY&refer=europe
2-www.todayszaman.com/tz-web/detaylar.do?load=detay&link=105261
3-www.londonstockexchange.com

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