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Why invest in Turkey? 05.12.2011

Why invest in Turkey? 05.12.2011

Turkey is continuing to gain strength as a renowned ideal overseas investment market. The varied reasons why ever increasing numbers of buyers are looking into the Turkish market can be summarised into the main points mentioned below. While every investor has their own personal preferences for investing in particular markets, the selection revised below comprises of five of the location’s main selling points.

why invest in Turkey

Sought After Emerging Market
Emerging markets often present several optimum investment opportunities for both capital growth and rental yield potential. Prior to an established mass market attraction, prices are often at their lowest. Several other factors normally cause rapid price growth, bringing costs of land and construction up as the infrastructure and ease of access increase. The higher demand for properties usually results in lesser availability, also causing prices to rise dramatically.

Economic Stability
Having undergone large amounts of reforms in recent years, the country is now in an economic position compatible with EU requirements. Positioned strategically between Europe and Asia, the country enables important business and trade links between the east and the west. Successful in attracting foreign direct investment, annual economic growth of around 8% has been achieved since the country’s major political reforms. The tourism industry is currently boosting the economy at an incredible rate, assisting with the growth of the real estate investment market.

Ideal buy-to-let market
Whether searching in a city centre, or looking along the resort towns of the coast, rental properties are in strong demand. The fast growth in recent years of the touristic market has placed demands for hotels at an all time high. Unable to construct at a fast enough rates to meet the peak season demands, the self catering market is taking off. Relocation of Europeans to meet resort town employment opportunities from the growth of the real estate sector, places demands on mid to long term rental properties. Both long and short term rental properties feature high yield returns to the early investor. Guaranteed rental returns written into the contracts of new developments feature a beneficial opportunity to buyers, who also benefit from the fast growing capital growth rates.

Strong Capital Growth
As an emerging market chasing entry to the EU in the near future, the benefits of investing in the real estate market are impressive due to the country’s reforms. Also beneficial to this feature is the property market still enabling pre-EU entry prices. Set to rise considerably in the coming year with or without entry to the EU, capital growth on property purchased early is assured. Having displayed impressive growth levels in recent years of up to 30% per annum in key locations, the impending boom of the sector is set to create further steadily increasing growth levels. Coastal resort towns along the Aegean and Mediterranean are experiencing the highest demand and growth rates, with some areas currently in their earliest stages of development.

why invest in Turkey

Pre-EU Entry Prices
After becoming an official candidate for entry to the EU in 2005, the spotlight has fast begun to turn towards the nation. Foreign direct investment has started to enter the market on a large scale, with developers and investors seeing the attractions of the location. Similarities between the Turkish coastal resorts and previously popular Mediterranean investment locations have drawn an influx of attention. The realisation that Turkey offers dramatically lower priced property built to high standards and with excellent capital growth potential, has assisted with the expansion of the region’s attractions. Tax incentives have been created for long term investors, creating further appeal as the expected entry to the EU in 2015 will create instant capital growth potential. Reforms in the financial sector allowing mortgages to non resident buyers have also benefitted investors to enter the market at the lowest entry levels prior to EU entry.
An extensive range of factors stand out individually and combine to create an investment location that has understandably become one of the most sought after emerging markets in recent years. The government has been striving to improve the economic and political situation, with the steps taken so far making a clear difference in the improvement of the nation. Ideal for both pure investment and lifestyle purchases, Turkey is set to be a sought after market for many years to come.

BODRUM 07.06.2011

Bodrum which has situated in the southwest corner of the Aegan region of Turkey has an excellent climate and a beautiful coastline. The city rests on the ancient city of Halicarnassus. In recent times due to its historical importance and natural beauty, Bodrum has become a popular tourist destination. This region has a typical Mediterranean climate with hot summers and mild winters. The temperature often rises above 30 degrees in July and August. Rainfall is quite high in the winters but the summers are pretty dry with no rain.

Bodrum Turgutreis

Known as the 'St Tropez' of Turkey, it is an area of natural beauty with famous monuments such as Bodrum Castle which houses the treasures from ancient shipwrecks in its museum, and landmarks full of historic treasures spanning 10,000 years including the Mausoleum of Halicarnassus which was one of the seven wonders of the Ancient World.

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Investment Opportunities 

When it comes to buying a holiday home or investment property in the Mediterranean, most people tend to think of Spain or Italy. But Turkey, with its stunning scenery and wealth of antiquities, is fast emerging as a new property hot spot. Straddling Europe and Asia, Turkey is blessed with some of the best coastline in Europe, especially in the country's southwestern corner where the Mediterranean and Aegean seas meet.

Bodrum is a place that once visited, people always return and many visitors dream of owning a property here. A typical Bodrum property is made of stone with flat roofs, usually two storeys high and with inner courtyards. New properties are often built based around this old style, but once inside, all the requirements are there for a modern lifestyle including air-condition and solar power.

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Unlike the speculative price increases witnessed in city locations, the growth in the coastal region of Bodrum has been based solely on a booming tourism industry. Turkey’s tourism levels have increased notably in recent years due to a combination of factors such as a low cost of living, year round sunshine, beautiful resorts and a short flight time as well as a rich heritage.

Bodrum Castle Bodrum Stone House

Estateinwest - BODRUM