Real Estate & Investment News in Turkey from Propertyshowrooms.com

Turkish property market 'attracting Middle Eastern buyers'

Thu, 3 May 2012 00:00:00 GMT

There is increasing interest in the Turkish real estate sector among buyers from the Middle East.

Reporting on comments made by the country's environment and urban development minister Erdogan Bayraktar, Today's Zaman revealed investors from nations such as Saudi Arabia, Iran and the United Arab Emirates (UAE) are all lining up to own property in Turkey.

However, under current laws, it is not possible for foreign nationals from these -and other - locations to purchase a home in the country; something that is due to change if new rules are approved by parliament.

Mr Bayraktar commented: "The regulations contained in the bill are now even more important, because some buyers have already made down payments in provinces such as Istanbul and Bursa."

It is not only residential property that is attracting investment from overseas, with The National reporting recently on a flood of capital from the UAE into the Turkish hotel sector.

Rotana Hotels and the Viceroy Hotel Group have unveiled plans to construct resorts in Turkey, with the regional president of the latter Anton Bawab explaining the Turkish market has opened up and has therefore become more appealing to investors and developers alike.

Turkish property prices rise in January

Fri, 17 Feb 2012 00:00:00 GMT

The cost of buying a home in Turkey jumped by 0.88 per cent in January compared to December last year.

According to the REIDIN Turkey Residential Property Price Indices, Antalya experienced the biggest rise, with real estate values in the city up by 1.25 per cent.

Istanbul and Izmir also recorded increases of more than one per cent, while Ankara and Adana saw house prices marginally climb in value.

Kocaeli was the only destination where a fall was noted, while in Burca the cost of buying a property in Turkey remained unchanged.

Rental growth was also posted in almost every location surveyed, with Adana the only place where rents were constant. Izmir saw monthly charges increase the most, where it now costs 1.35 per cent more to lease a home than in December 2011.

Last month, Gem Invest highlighted Istanbul as a property investment hotspot in the nation, revealing rental yields of more than eight per cent are achievable on smaller apartments in the city.

Turkey 'a good target' for property investors

Wed, 18 Jan 2012 00:00:00 GMT

Property investors may want to turn their attention to Turkey this year after one organisation claimed its real estate market will continue to exhibit strong growth in 2012.

According to Gem Invest, there are several locations that are ideal for investors hoping to purchase property in Turkey.

Istanbul was highlighted as a particularly good choice due to "rental yields in excess of eight per cent for smaller apartments", the firm noted.

Other destinations to look out for include the coastal resorts of Fethiye and Antalya, with the company adding that Kalkan is an "outside bet" that may pay off.

Residential real estate assets in Turkey have experienced price growth during 2011, with the most recent figures from REIDIN.com revealing that, in December, values climbed by 0.89 per cent compared to November.

Istanbul performed above this national average, with house prices rising by 1.08 per cent in the same period, while Antalya was the best-performing location with values increasing by 1.27 per cent.

Over the course of the year, the cost of purchasing a home in Turkey has jumped by 7.77 per cent, according to the REIDIN.com figures, with Istanbul seeing prices up by 9.07 per cent during 2011.

Turkey '"a hotspot" for property investment

Thu, 22 Dec 2011 00:00:00 GMT

Investors looking for an overseas property investment may want to consider the options available in Turkey.

Partner at Emerging Real Estate Tim Morgan noted Turkey's economy is experiencing strong growth, with both house prices and rental values rising during 2011.

"Tourism has been driving the boom in Turkey and savvy investors are recognising that buy-to-let properties here will be very profitable," he stated.

Mr Morgan added that Istanbul's housing market in particular is performing well at present, which may make it a target among those looking for real estate in Turkey.

Earlier this month, the REIDIN.com Turkey Residential Property Price Index revealed that the value of homes in the nation climbed by 0.71 per cent in November, compared to the previous month. This represents an annual jump of 7.33 per cent across the country.

Istanbul experienced a monthly rise of 0.8 per cent, while year-on-year, the price of houses in the city have increased by 8.5 per cent.

Istanbul property 'rivals markets in London and Paris'

Wed, 14 Dec 2011 00:00:00 GMT

The property market in Istanbul is in a position to "compete in every sense" with the likes of London and Paris, it has been claimed.

Arman Ozver, Turkey Sotheby's International Realty general manager, made the comments in an interview with Sunday's Zaman.

He explained there are certain areas in the city, such as Nisantasi, which are considered to be safe haven areas for investment.

Mr Ozver is also confident that real estate in Istanbul will remain robust, even if the economic problems in Europe worsen.

Property prices in the most sought-after districts of the metropolis will fall by "a maximum of ten to 12 per cent", he told the publication.

Investors may want to consider the merits of the city's market after Mr Ozver added: "There is still a lot of value and returns to be made on Istanbul's best property."

Figures published last month by REIDIN.com noted real estate values across Turkey climbed during October compared to the previous month, with Istanbul registering a monthly increase of 0.88 per cent and an annual rise of 8.23 per cent in its property prices.

Istanbul 'among the top European property investment markets'

Fri, 11 Nov 2011 00:00:00 GMT

Istanbul has emerged as one of the most attractive markets for real estate investment in Europe, new research has found.

According to the study by LaSalle Investment Management, the Turkish city climbed from 25th place last year to stand in fifth position in 2011.

The firm noted that the government's decision to establish a financial centre in Istanbul has helped buoy its property market, while the nation's strong gross domestic product growth has also boosted its appeal.

In addition, investors may be seeking assets in alternative locations due to the high price of prime properties in more established markets, the report suggested, which may be a further reason for the popularity of Turkish real estate among those with money to spend on such investments.

The residential housing market in Istanbul experienced price rises in September, the REIDIN.com real estate index for the country revealed.

Property values in the city increased by 0.96 per cent compared to the previous month, the figures showed.

Turkish house prices rise

Tue, 18 Oct 2011 00:00:00 GMT

There has been an increase in the value of residential property in Turkey, the latest REIDIN.com index has revealed.

According to the data, average house prices rose by 0.73 per cent in September, compared to the previous month, while rental values jumped by 0.90 per cent in the same period.

In terms of capital value growth, Izmir experienced the biggest hikes, with prices in the city increasing by 2.11 per cent.

Meanwhile, Istanbul, Ankara, Adana and Kocaeli also saw values rise, although none of these regions broke the one per cent mark.

It was a different story in Antalya and Bursa, where real estate values dropped last month.

However, both these areas recorded rental growth of one per cent and 0.65 per cent respectively. Istanbul came out on top in this category, seeing rents increase by 1.13 per cent.

Earlier this month, Assetz highlighted Turkey as a top spot for international investment, with chief executive of the company Stuart Law explaining that the country's property market is "underpinned by a strong economy with a growing tourism sector".

Istanbul Property Investment: Construction Boom Fails to Quench Demand

Thu, 23 Jun 2011 00:00:00 GMT

Last month investors from around the world, as surveyed by PricewaterhouseCoopers in its Emerging Trends in European Real Estate report, said that Istanbul is currently the best city in Europe for investment opportunities in the fields of new developments and acquisitions, and second best for opportunities to increase returns on existing investments. However, in coming second Istanbul had the same score as first placed Munich at 6.08, so should really have been tied for first place.

One particularly significant trend that came from the responses was the consensus that although Istanbul is currently experiencing a construction boom, construction is not fast enough to bite into the widening shortage of housing. Commercial spaces are also in short supply in many areas and some segments. We have heard this from many developers and agents on the ground in Istanbul.

This is surely a double whammy of investment potential, because you have room for growth in the construction industry, which will generate more and more revenues into the economy, and this in turn will generate more demand for housing. Such self-perpetuating cycles come along very rarely in property investment, and when they do every investor should carefully look at the opportunity and possibly look at it with a view of "why wouldn't I invest here?".

That is if people haven't already decided that from the fact that Istanbul is constantly being named one of the hottest investment opportunities on the global market. Back to the PWC report; in first place for new property acquisitions Istanbul beat off London, Munich, Stockholm, Berlin and Warsaw, and for development opportunities it beat off London, Munich, Warsaw, Zurich and Stockholm.

This is not the first time Istanbul has been ranked number one, in fact it is the second consecutive year it has done so. Equally significant, Istanbul was the only city that investors actually said they felt confident in the raw investment potential, as oppose to confidence in their ability to profit using their superior skills and experience in the industry, according to the report.

According to the respondents Istanbul's office and retail segments represent the best opportunities for acquisitions with a tied percentage-based score of 24.5%, however, the hotel segment wasn't far behind with 18.95%. That is not to say that investors should focus on those segments, in fact wise investors will give equal if not greater credence to the apartment and industrial segments for opportunities that may have been overlook, to be the early bird as it were.

When it comes to investment in Istanbul property there really is very few things to put in the cons box, and a lot in the pros box, but don't take our word for it, get out there and look for yourself.

Article written by Aydin Cakir - Director of New Home in Turkey. Antalya property agency offering properties across Turkey.

5 Reasons Why Turkish Property Investment is Hotter than Ever

Mon, 13 Jun 2011 00:00:00 GMT

Turkey has been popular with holiday home buyers since 2002, and increasingly popular especially since 2005 when regional restrictions were lifted. As is the norm with any property purchase, those buying property in Turkey would more-often-than-not expect either rental income, capital growth or a combination of the two to make their holiday home an investment over the long term.

But Turkey failed to reach its full potential in terms of property investment, because pure investors continued to favour countries on their road to EU accession. This is no longer the case, and now Turkey is really starting to become a property investment hotspot, both for pure investors and holiday home investors. Here are five reasons why Turkish property is more popular with overseas property investors today than it was during the boom.

1. Turkey No Longer Needs EU Accession to make it Investment Worthy

During the boom, investors continually chose the likes of Albania, Montenegro and Croatia over Turkey. This is because those countries looked far more likely to achieve entry into the EU, and all the potential growth that accession brings.

But now, Turkey is the fastest growing economy, not only in Europe, but in the world with GDP growth of 11% year on year in Q1. It is also looking far more stable than most of its competitors in the EU, most notably Portugal, Ireland, Italy, Greece and Spain, with roaring deficits and sovereign debt crises. Turkey said no more to IMF assistance in 2009 and has gone from strength to strength ever-since. Since then Greece and Ireland have been forced to accept an emergency bailout from the IMF and EU.

2. Liquidity

One of the main reasons why Turkey is growing so strongly is the level of liquidity in the banking sector. In the aftermath of a the 2001 Turkish financial crisis the AK Party made sweeping reforms to the banking system, and these reforms, combined with the immature mortgage market left Turkish banks practically unscathed by the international crisis.

To property investors liquidity means mortgage availability and affordability, something that is sorely lacking in most European countries, as well as many around the world. Because the problem has been mainly caused by the crash, and exists primarily in established markets (that had big mortgage sectors), this is another way that the crash has given Turkey an opportunity to shine.

3. Fiscal condition

Turkey is also in great fiscal shape, and is constantly reporting positive macro-economic data. While EU countries struggle to pay down budget deficits and debts, Turkey is running a budget surplus, which stood at 630 million USD in January and February this year.

Because of the liquidity and economic growth, Turkey can only build on its recent policies of fiscal responsibility, which should see it achieve investment grade rating from ratings agencies in the near future -- as analysts are predicting.

With many countries in Europe having been downgraded, many facing a downgrade, and some even having been downgraded and facing being downgraded again, Turkey is standing out as the place to invest.

4. Confidence

Rapid economic growth, fiscal restraint and responsibility, economic stability, and continuity of competent governance, are all adding to confidence in Turkey as a safe place in which to invest. This is at a time when confidence in the EU and many other countries around the world is at an all time low.

5. The complete package

If you are not already sold on Turkey property, we have yet to mention its core package; namely the 300 days of sunshine per year, great beaches, a developing infrastructure, and growing accessibility, all of which are fuelling a tourism boom.

All of the above has long made Turkey a growing popular destination for low-budget holiday home buyers. Now the crash has allowed Turkey's investment strengths to shine as well, and this is why Turkish property investment is hotter now than it was during the boom.

Article supplied by Liam Bailey on behalf of New Home in Turkey, Antalya property agency offering properties across Turkey.

Property prices in Turkey up 9%

Tue, 17 May 2011 00:00:00 GMT

Property prices in Turkey are being pushed up by interest from overseas buyers, it has been suggested.

Suleyman Albay, Oceanwide Properties managing director, told Overseas Property Professional (OPP) that prices have risen by at least nine per cent so far this year. This compares to an increase of around six per cent last year.

Meanwhile, the volume of inspection trips from buyers has more than doubled.

As a result of the rising level of interest, Mr Albay is set to increase the number of offices his estate agency has on Turkey's Mediterranean coast.

He added: "It is important to note is that there is very little overbuild here which helps buyers maintain value in their property, unlike other countries which went for massive urbanisation.

"Avarice brought a death-knell to whole swathes of what has become a concrete jungle and urban blight."

The comments follow the publication of a report by the Association of Real Estate Investment Companies, which revealed that overseas buyers accounted for £1.5 billion worth of home purchases in Turkey last year.

Istanbul one of the 'top destinations' in Europe for property

Thu, 12 May 2011 00:00:00 GMT

Istanbul is fast emerging as one of the best destinations in Europe for real estate investment.

The Emerging Trends in Real Estate Report Europe from PwC and the Urban Land Institute has named the city as the number one location for new property acquisitions and developments.

For the second year running, Turkey's largest city and home to one fifth of the country's population, has topped the charts.

Alexander Tomlinson, Istanbul property investment expert and director of agency Gem Invest, said: "Istanbul remains one of the few locations in Europe, if not the world, with real property investment potential.

"The population of the city continues to grow year on year yet despite increased levels of construction there still remains a serious shortage of quality accommodation, some 250,000 units per annum."

With a population of nearly 18 million people and a burgeoning middle class, demand for new build highly quality Western style housing continues to grow, the firms explained.

Turkish property tipped to do well in 2011

Fri, 15 Apr 2011 00:00:00 GMT

Interest in property in Turkey is set to continue this year, with market confidence improving and a number of new developments planned.

Sales to overseas investors were up 40 per cent in 2010 compared to the previous year, with transaction levels hitting $2.5 billion (£1.5 billion).

Analysts claim that the increase in sales to foreigners was a result of growing confidence in the market, backed by a strong economy and financial system.

Indeed, Julian Walker, managing director of Turkish property agents Spot Blue, agrees with the sentiment.

"Turkey on the whole, has learned from other Mediterranean markets and has steadily increased its real estate offering to foreigners without over stretching resources or demand," he explained.

"Buyers are spoiled for choice in terms of location, property type and homes to suit all budgets."

Meanwhile, Nick Mar, chief executive officer at Homesgofast.com, recently claimed that Turkey is one of the best foreign property markets at present, along with Spain, Brazil and Malaysia.

Turkish property market remains strong

Tue, 5 Apr 2011 00:00:00 GMT

Demand for property in Turkey remains strong, with home builders struggling to keep up with the demand from locals and overseas buyers.

Istanbul, in particular, is attracting a great deal of interest from potential buyers, with an estimated shortfall of 500,000 homes in the Turkish capital city, A Place in the Sun reported.

This is according to Loxley McKenzie, managing director of Colordarcy, who noted that the market drivers remain strong and further growth is expected. The city has huge potential for investors thanks to an expanding middle class, she said.

“Turkey has established itself as a major European holiday destination in recent years with hundreds of thousands of tourists flocking to its shores annually to experience luxury hotels,” Ms McKenzie noted.

She added that while the increase in tourism has helped to steady the Turkish economy, it is the real estate market that has captivated the attention of investors.

According to Nick Mar, chief executive officer at Homesgofast.com, Turkey is one of the best foreign property markets at present, along with Spain, Brazil and Malaysia.

Increased Trade with US to Boost Turkish Property Market

Mon, 28 Mar 2011 00:00:00 GMT

The US Secretary of Commerce Gary Locke has praised Turkey’s economic performance during the last few years and especially it's growing economic ties with the US, but still feels that the two countries can do a lot more trading.

The trade between the two countries reached $15 billion last year which was up 40% from 2009. Part of the reason for this impressive figure is Turkey’s quick recovery from the global financial crisis. Turkish GDP contracted by 4.7% in 2009, but swiftly recovered to grow by 8.9% during the first three quarters of 2010, and 6.4% for the year.

America may be on its financial knees but it, like almost every developed country is seeing the gap between rich and poor widen. As we pass the worst of the crisis, America's wealthy are back out there buying more and more overseas property.

Many buyers are hoping to rent out their property, either as a pure investment or when they are not using it themselves. This makes property in Turkey, with its economic stability and growth a favorite, and the potential for increasing trade concessions between the two is only serving to further whet investors' appetites.

The Framework for Strategic Economic and Commercial Cooperation was launched by the Turkish Prime Minister Recep Erdogan and US President Barack Obama in December 2009. Gary Locke said that this framework is increasing the dialogue between the two countries at the highest level of both governments.

He was speaking at the recent meeting which took place with the Turkish Confederation of Businessmen and Industrialists (TUSKON) and the Centre for American Progress (CAP) in Washington. TUSKON was established six years ago but has already been extremely useful for promoting economic development in Turkey, and has had an office in Washington since autumn 2007.

Locke also said that the Trade Promotion Coordinating Committee which is a government wide working group in the US, has identified Turkey as a priority market and will send trade missions to the country later this year. These meetings will involve US oil and gas company representatives and those from renewable energy companies as America is particularly interested in the Turkish energy market.

The Obama administration is helping Turkey to achieve its goals of renewable energy, and it is hoped that these meetings will help the economic development goals that are already in place.

Turkey is heavily reliant on foreign supplies of energy but is hoping to become self-sufficient by 2023 which is the centennial of the modern state. The country intends to invest $150 billion in energy over the next 10 years.

The president of TUSKON has said that the alliance between the two countries is not a natural one as there are no borders or free trade agreements in place, and the president of CAP John Podesta agreed that there is still a lot of room for improvement in the American-Turkish economic relations.

Undoubtedly there is massive potential for growth in investments in Turkey, and this prospect promises to bring another arm of growth into Turkish property, as more and more people will look to move to the country permanently to start up hopefully very lucrative companies.

Podesta also said that Turkey's ascension onto the world stage could not have come at a better time as the country has an increasingly important role to play as a regional power and also as a guide to those countries undergoing democratic transition. This growing prominence of Turkey on the world stage is increasing confidence further still, that Turkey is here to stay as a world player of the present day. Investors are seeking to get in now before the near-inevitable growth to developed market pricing.

Article written by Aydin Cakir - Director of New Home in Turkey. Antalya property agency offering properties accross Turkey.

Turkish Property Transparency Paying Off With Foreign Investors

Thu, 24 Mar 2011 00:00:00 GMT

Foreign investors are increasingly turning towards emerging markets, and while in the past their focus would have been on the BRIC countries of Brazil, Russia, India and China, they are now looking increasingly at property in Turkey.

Russia is quite a tricky country to invest in due to corruption problems while India has restrictions on foreign investments. Prices in Brazil and especially China have already risen quite rapidly and some analysts consider the markets there to be over heated.

Real Capital Analytics has said that Turkey is the most frequently queried emerging country on their website, with most people being interested in the retail sector. It has tracked commercial property transactions since the start of 2007 and made the startling discovery that these total $12 billion.

Some 40% of these transactions were made by real estate investment trusts, or REITS while in Europe this figure is just 10 to 12%. The reason for these high figures is partly due to the improved transparency of property transactions in Turkey, which has prompted Jones Lang Lasalle to upgrade Turkey in its Commercial Real Estate Transparency Index in 2010.

Jones Lang Lasalle expects this growth in real estate investment trusts to continue and for transparency levels to increase. There are now 20 different REITS in the Turkey which account for $7 billion of the market.

The transparency level in Turkey had previously been registered as low transparency, and has now increased to a semitransparent level. This is partly due to the Turkish government’s determination to create a level playing field for local and foreign investors and to improve the business environment as part of its EU accession process.

There have also been private initiatives to improve data on property transactions, particularly in the retail sector. The Association of Shopping Centre Investors and the Turkish Counsel of Shopping Centres and Retailers now both publish data on turnover and the number of customers visiting these centres.

Another factor is that properties in cities such as London and Paris have held their value forcing investors to look elsewhere to increase their yield, and Turkey offers great opportunity. These REITS are also collaborating with the Housing Development Administration, or TOKI, which is Turkey's public housing development agency, and it is expected that more of these public-private partnerships will develop.

TOKI is expected to build 500,000 new homes within the next decade as part of the government's policy to provide affordable homes for its citizens.

Article written by Aydin Cakir - Director of New Home in Turkey. Antalya property agency offering properties accross Turkey.

Turkey offers visitors 'great value for money'

Wed, 2 Mar 2011 00:00:00 GMT

Individuals hoping to buy property in Turkey will be pleased to learn that the country still offers holidaymakers "excellent value for money".

This is according to the Turkish Culture and Tourism Office, which believes that current exchange rates mean that there is plenty of scope for travelling Brits to make the most of their money while in the country.

"Although people are tightening their belts this year, I believe that most people will still want their week or two in the sun and Turkey is a great all-round choice," Tolga Tuyluoglu, director of the firm, explained.

He added that, thanks to its friendly and welcoming atmosphere, Turkey tends to enjoy a great number of repeat visitors who want to soak up the rich culture, history and "fantastic beach resorts".

Meanwhile, writing on his Select Property blog, Giles Beswick has claimed that strong economic fundamentals and a growing tourism sector are helping to ensure that the property market in Turkey remains buoyant.

Turkey set for another bumper year

Tue, 1 Mar 2011 00:00:00 GMT

Strong economic fundamentals and a growing tourism sector are helping to ensure that the property market in Turkey remains buoyant.

Writing on his Select Property blog, Giles Beswick has highlighted that fact that property in Turkey is proving to be particularly attractive for investors so far this year.

Over the second and third quarters of 2010, GDP recorded an impressive growth of 11.7 per cent and 10.3 per cent respectively, whilst the nation's exports also recorded significant increases.

However, Mr Beswick noted that it is the country's tourism sector which has been enjoying the most impressive growth.

"The continual increase in holidaymakers has subsequently raised the demand for rental properties on the coast in the popular Turkish regions," he added.

"Turkey's property market continues to strengthen into 2011. It would be foolish to dismiss the effects of the last couple of years as the world has been significantly hit by a global recession."

Mr Beswick recommended that those looking to buy property in Turkey look at homes available on the Aegean coast, with the region offering really strong potential.

Istanbul enjoys rise in visitor numbers

Thu, 10 Feb 2011 00:00:00 GMT

An increase in the level of visitors heading to Istanbul has put the city to the forefront of investors' minds once again, it has been claimed.

Figures from the State Airport Authority have revealed that passenger numbers at Istanbul's Sabiha Gokcen Airport were up by 27.3 per cent in January, while the other airport in the city Ataturk Airport enjoyed a more modest increase of 4.9 per cent.

The news may encourage a number of individuals to consider buying property in Turkey in an attempt to take advantage of the growing buy-to-let market.

Indeed, the news surrounding an increase in tourism numbers comes after a recent PricewaterhouseCoopers (PwC) survey named Istanbul as the most popular city in Europe for real estate investors.

London and Munich completed the top three favoured destinations, PwC said.

Official statistics show that the Turkish economy expanded at an annual rate of 5.5 per cent during the third-quarter of last year, with record-low interest rates helping to boost consumer spending and investment.

Benefits emerge of Istanbul property investment

Wed, 9 Feb 2011 00:00:00 GMT

At a time when many countries are preparing for the upturn, having had a torrid time of it at the recession’s peak, there are a few that are enjoying their time in the sun.

Whilst the potential that the BRIC countries pose in terms of emerging economies, a booming tourism industry and an influx of blue chip companies has made Turkey, or more to the point, Istanbul, the first choice for many investors.

Recently mentioned in the same breath as BRICs by Lord Mayor, Michael Bear, head of the City of London Corporation, Turkey is one emerging economy that is clearly interesting investors. Taking into consideration that a recent OECD report showed that Turkey is the second-lowest taxed country behind Mexico, with a tax to GDP ratio of 23.5% (making it the world's 16th largest economy) it is not hard to see why.

Istanbul has received much media attention of late, not least because it was awarded with the City of Culture title for 2010, a prize with strong links to growth and long-term prosperity. However, making an investment in property in a business hub such as Turkey has grown in popularity recently for many reasons, the most common factor being the sharp rise in the number of corporate travelers to the region.

STR Global published a report proving this point, highlighting that 2010 hotel room occupancy levels were back to their pre-recession best of around 71.8% in what is still clearly an under-supplied market in Istanbul.

The influx of business travelers looks set to rise in the near future, as Istanbul evolves into a corporate hub, with large global businesses now having a base in the city.

In addition, Teknopark Istanbul will be built, a science and technology park that will be a clear sign of booming business and growth, potentially putting Istanbul among the elites of The Middle East and Eastern Europe.

While the businesses continue to venture to Istanbul and the flow of tourists persists, the city remains a potential hot bed for growth and long-term prosperity as far as Istanbul property investment is concerned.

Article written by Graham Flaherty of Istanbulpropertyinvestment.com

Turkey - Investment Hotspots in Focus Part I: Istanbul

Tue, 11 Jan 2011 00:00:00 GMT

Turkey property has been named as one of the hottest investments in 2011, and for the foreseeable future as well. With 6.8% GDP growth in 2010, inflation down to the 41 year low of 6.4% also, public debt low and falling, demand for housing growing at a far faster rate than supply, and a rapidly growing mortgage market this is hardly surprising.

Normally in emerging market property investment hotspots the capital city attracts the most attention, but in Turkey it is not the capital, but Turkey's cultural and financial centre Istanbul. Istanbul is frequently talked of as the hottest property investment spots not only in Turkey, but one of the hottest in Europe and the world as well. Here's why:

Strong Economic Growth

The Brookings Institute ranked Istanbul the fastest growing city in the world for 2010 in a report issued 5 January 2011. According to the report the Istanbul economy grew 5.5% on a per-capita basis in 2010, while employment grew 7.3%.

Undervalued Property

According to the Global Property Guide top end properties in Istanbul's high-end districts are currently priced at an average of 2,386 EUR per sqm. This is compared to 3,523 EUR in Montenegro, and 6,622 EUR per sqm in Athens. The fact that Istanbul property is near the bottom of the price table for European cities signals that it is undervalued and represents strong growth potential.

Strong Rental Yields

Global Property Guide research also shows us that low prices are fuelling strong rental yields in Istanbul as well, with small apartments yielding higher than their large counterparts. According to the report yields for 75-80 sqm apartments range from 5.65% in Sisli district to 7% in Beyoglu, with yields for Turkey as a whole average 6.10%.

Massive Mortgage Growth

According to official figures the number of mortgages taken out in Turkey has grown 32% this year, and similar growth is predicted for next year. Data from the Turkish Central Bank shows that 48.9 billion liras worth of mortgages were taken out in the second quarter of this year, up from 38.6 billion in the second quarter of last year.

Rapid Population Growth Causing Housing Shortage

Of the 500,000 housing units needed in Turkey by 2015, 250,000 will be needed in Istanbul. Due to the massive numbers of people moving to the city from towns and rural areas across Turkey, in Greece and throughout Europe for better job opportunities, on top of natural growth, the Istanbul population is expected to grow from the current 12.7 million to 15 million by 2015 -- a growth of almost 20%.

Conclusion

In Istanbul we have a city with a population growing massively in numbers and affluence, at a time when interest rates are low and look like staying low for the foreseeable, and mortgages readily available. As a result demand for housing is at an all time high. Because the property market is still very young and largely unregulated there are still opportunities to buy properties at very low prices. Now is the time to buy in Istanbul.

Article written by Aydin Cakir – Director of New Home in Turkey. Antalya property agency offering properties accross Turkey.

Turkey increasing in popularity among Brits

Thu, 21 Oct 2010 00:00:00 GMT

Turkey is increasingly becoming a popular choice among Brits who are looking to invest in property abroad.

Low prices in the country combined with a strong economy and favourable conditions for buyers are helping to boost the destination’s attractiveness to investors.

Indeed, recent figures from the Turkish General Directorate of Land Registry show that a total of 32,000 British buyers have already taken the plunge into the Turkish property market.

And Suleyman Akbay, of Oceanwide Properties, described the number of investors as “remarkable” adding that it was an exciting time for individuals looking at real estate in the country.

"There are many advantages to purchasing a property in Turkey, including the fact that there aren't any capital gains taxes to be paid, if the property is owned for over five years,” the expert said.

“Buyers looking for a holiday home or for investment should seriously consider Turkey as a safe investment country and with a promise of an even greater future."

UK residents showing increased interest in property overseas

Thu, 16 Sep 2010 00:00:00 GMT

UK residents are showing increased interest in overseas property, according to research by Rivermead Global.

In particular, property in nations outside the eurozone, such as Turkey and Egypt, are attracting attention as they are often cheaper than countries which have adopted the euro.

This could lead to an increased number of people looking to buy real estate in Mugla or search real estate in Aydin.

Writing for the Global Property Guide blog, realtor Aydin Cakir said that the fact Turkey is not in the eurozone is one of its main benefits from a property investors' point of view.

He added that people wanting to buy property abroad tended to look straight to the European Union during the boom years, however, this is set to change post-crash.

"With many countries in Europe having been downgraded, many facing a downgrade, and some even having been downgraded and facing being downgraded again, Turkey is standing out," he said.

Turkish property market has enjoyed 'massive growth'

Mon, 19 Jul 2010 00:00:00 GMT

The Turkish property market has seen massive growth over the past two years, with sales increasing by 20 per cent since 2008, it has been claimed.

According to holiday experts Travelsoon, this rise has been further bolstered by the country's tourism trade, which has seen 44 million people visit during the first half of 2010.

Luke Nathan, who works for the company, says that Turkey has been thriving at the expense of Greece, with individuals able to enjoy a similar standard of living at a reduced cost.

"Since EU negotiations began with Turkey in 2005, it's been a lot easier for foreigners to buy property, and there's been something of a land rush ever since," he continues.

"That said, there's still a hefty bit of red tape to wade through, though there are a number of paid services that help you get your documents in order and speed up the process."

Individuals wanting to buy real estate in Mugla may be interested to know that currently there are now around 14,000 British-owned properties in the location.

The Turkish Culture and Tourism Office recently claimed that interest from holidaymakers to the destination was likely to continue all year round.

Interest in Turkey 'not just for the summer months'

Tue, 13 Jul 2010 00:00:00 GMT

Investors who have bought property in Turkey will be pleased to hear that interest in the country from holidaymakers is likely to last all year round.

This is the belief of the Turkish Culture and Tourism Office, which has said that the potential for winter and summer holidays in the destination will ensure that interest remains high.

Irfan Onal, director of the UK office, claims that the naming of Istanbul as the European Capital of Culture has helped to bolster individuals' awareness of Turkey as a travel hotspot.

"With many Mediterranean cruises stopping off there and with low-cost airlines servicing it, it is expected to attract many foreign visitors this year," he adds.

The news is likely to please those who have Antalya real estate listings, with the Turkey's buy-to-let market likely to be boosted by an increase in tourist numbers.

According to the latest data from the Turkish Directorate General of State Airports Authority, the country's airports welcomed 44.6 million passengers during the first six months of 2010, which is a 24 per cent increase compared to the same period of 2009.

Brits flocking to Turkish property market

Mon, 5 Jul 2010 00:00:00 GMT

Turkey is proving to be a popular destination for British investors, with a record number now owning property in the emerging European destination.

The country's latest land registry figures reveal that 32,000 Brits now own real estate there and the market remains stable with no signs that interest in buying homes from overseas investors will fall in the future.

In addition, a rush of European buyers have been drawn to Turkey thanks to its relatively cheap prices, low cost of living and accessibility from the UK.

The news is likely to be good news for investors looking to buy real estate in Mugla, with almost 5.5 million square metres of land currently owned by foreign nationals in the region.

"We have certainly seen the Turkish property market go from strength to strength," said Steven Worboys, managing director of Turkish property experts Experience International.

"Overall, the number of foreign property buyers has increased by nearly 30 per cent, with the British market accounting for the largest group of buyers."

According to mortgage specialist Conti, demand for its services in Turkey has risen steadily over the past year.

Turkey to become 'property investment hotspot' this year

Tue, 22 Jun 2010 00:00:00 GMT

A fall in popularity for Spanish property among British investors is likely to lead to Turkey challenging to be the investment hotspot for real estate buyers this year, it has been claimed.

Atlas International has predicted that low prices, ease of access for foreigners and exotic culture will draw individuals to the Turkish market.

James Dearsley, European sales manager at the firm, explained that the destination was now in direct competition with Spain for buyers.

"What we have seen this year is Turkey has continued to be a global force since it really emerged on the market last year," he added.

"Whereas last year it was an absolute 100 per cent winner, this year it is now competing with Spain to be the top country."

Investors looking to buy real estate in Mugla will be interested in news that Bodrum is among the destination's "growth areas".

The comments come after Global Property Guide's mid-2010 report named Turkey as one of the best places for investors to buy real estate in Europe during the second half of 2010.

According to the site, the country's young population, geographical location and competent government were likely to make it a popular destination for real estate buyers.

Turkey has 'serious potential' for property investors

Thu, 17 Jun 2010 00:00:00 GMT

Property investors looking for the best place to buy in Europe should consider looking at the Turkish real estate market, it has been suggested.

Global Property Guide's mid-2010 report has highlighted the "significant potential for growth" that is offered by the country, with its young population, competent government and positioning close to the east making it an attractive investment prospect.

Speaking in response to the publication, Stephen Worboys, managing director of Experience International, said that a shortage of housing is likely to lead to increases in rental yields and capital growth.

"I believe that Turkey, and Istanbul in particular, presents one of the most attractive property investment opportunities available in Europe today and it's pleasing to see that the latest Global Property Guide Recommendations report supports this," he added.

Investors may also want to consider looking to buy real estate in Mugla as the region has some excellent transport links and is emerging as a popular tourist hotspot.

Specialist mortgage provider Conti revealed that during May it issued more than double the number of quotes than usual in Turkey.

New marina could boost interest in Turkish property

Wed, 16 Jun 2010 00:00:00 GMT

Property investors who have been looking to take advantage of the burgeoning Turkish real estate market may be interested to hear that a new marina is to be built in Istanbul's western suburbs.

The proposed harbour will be constructed in the Atakoy district, which is located on the European side of the Bosphorus, and is expected to cost USD16 million.

Steven Worboys, managing director of Experience International, said that the news was a step in the right direction for Turkey.

"Such significant investment in the suburbs of Istanbul is extremely positive for the future," he explained.

"Developers are looking to burgeoning districts in the west such as Atakoy and Beylikduzu which are seeing significant population increases and investment in infrastructure."

An increasing number of overseas investors are beginning to look to the western suburbs of the 2010 joint European City of Culture, with capital gains of up to 30 per cent reported for the Beylikduzu district, Experience International claims.

New flights will boost Turkish property market

Mon, 14 Jun 2010 00:00:00 GMT

New flights heading direct to Bodrum could have a positive effect on the Turkish property market, one expert has suggested.

UK-based low-cost carrier Jet2 has announced that it will be introducing new routes to the popular tourist destination from Manchester Airport later this month (June 23rd), with travellers expected to be drawn to the region's beautiful beaches.

Commenting on the new flights, Julian Walker, director of Turkish property agent Spot Blue, said he was hoping to see more airlines follow the lead.

"We love to hear about new flights to Turkey, from the UK or anywhere else in the world, because they will continue to benefit the property market, in the areas covered and in the country's tourist areas as a whole," he explained.

"This increasing tourism will continue to make Turkey a popular choice with overseas investors and holiday home investors."

Over 27 million tourists visited Turkey last year, with the figure representing a 2.8 per cent growth compared to 2008.

Increasing population will lead to property boom in Turkey

Fri, 4 Jun 2010 00:00:00 GMT

Property investors in Turkey may be interested to learn that an increasing population in the country is likely to lead to price rises, Overseas Property Professional (OPP) has reported.

New research, conducted by the Turkish Statistics Institute (TurkStat), has predicted that as the population continues to grow, the housing stock in the country is likely to "explode".

In particular, TurkStat claimed that the property market in Istanbul would be the main beneficiary of the increase in residents, but as population distribution spreads there could also be a rise in the number of people looking at Antalya real estate listings.

Steven Worboys, managing director of UK-based agent Experience International, told OPP that the country was going through a "dynamic shift".

He said: "The continued population expansion is putting pressure on existing housing stock, with the Central Bank of the Republic of Turkey stating a requirement for 5.5 million additional homes in Turkey by 2015."

Meanwhile, Turkey has received an economic growth forecast of 5.2 per cent from the International Monetary Fund for this year.

Turkish property to benefit from strong economy and tourism

Wed, 19 May 2010 00:00:00 GMT

During this time of economic uncertainty for eurozone countries, Turkey is reaping the benefits of a robust economy and strong tourism industry.

Signature International has highlighted the positive outlook that the destination is faced with in comparison to its beleaguered neighbour Greece.

Daniel Dias, spokesperson for the developer, explained that Turkey has come a long way since the beginning of 2009.

"Considering Turkey registered a 14.5 per cent drop in GDP in the first quarter of 2009, it's made a remarkable comeback, thanks to increased consumer confidence, business activity and property development," he confirmed.

"Analysts have now upped GDP forecasts for 2010 to in excess of 5.4 per cent. It's clear just how robust Turkey's recovery has been."

In addition, the property portal drew attention to the growing tourism industry in Turkey.

During the last quarter of 2009, foreign visitors to the destination rose by 11 per cent in comparison with the same quarter in 2008.

Earlier this year, several low-cost airlines announced that they plan to increase the number of flights on offer to Turkey, with Pegasus Airlines, Easyjet and Monarch all adding services.

Strong economy helping Turkish property

Sat, 1 May 2010 00:00:00 GMT

Real estate values in Turkey have slowly begun to increase again during March, demonstrating the strength of its economy, it has been claimed.

According to the latest price index, compiled by REIDIN, property values in the country are showing signs of improvement, Property Wire has reported.

Slight rises were seen in Adana, Ankara, Bursa, Istanbul and in Kocaeli, but some areas didn't perform so well, with real estate values falling in Antalya and Izmir during the same period.

However, a recent report for CompaniesAndMarkets.com found that consumer confidence is returning to the region.

"The sharp improvement in the third quarter of 2009 has confirmed our long-held view that Turkey would be among the best positioned economies in emerging Europe to recover quickly and that a protracted recession would be unlikely," the report added.

Earlier this year, the International Monetary Fund revised its prediction for economic growth in Turkey for 2010.

It increased its original 3.7 per cent forecast to 5.2 per cent.

The news could lead to an increase in the number of investors looking at Antalya real estate listings, with the improving economy a good sign for future price growth.

Tourism visits to Turkey rising

Fri, 30 Apr 2010 00:00:00 GMT

Property investors with real estate in Turkey will be pleased by news that tourist visits to the country jumped last year, with more holidaymakers looking for cheap destinations.

According to CompaniesAndMakekets.com, during 2009 there was an 11 per cent year-on-year growth in the fourth quarter in visitor arrivals to the country, something that should interest buy-to-let investors.

Over the course of the year, visitor numbers were up 3.7 per cent - with Istanbul performing strongly and recording a 6.5 per cent annual increase.

Steven Worboys, managing director of agent Experience International, said that investors were able to capitalise on the "attractive" buy-to-let investment model.

"Economic prosperity and improvements in internal infrastructure have enabled more Turkish nationals to holiday within their country, not only visiting coastal resorts but also Istanbul," he added.

A number of low-cost airlines have announced that they plan to increase the number of flights currently on offer to the increasingly popular destination, with Pegasus Airlines, Easyjet and Monarch all offering additional services.

Turkish property is 'very affordable'

Thu, 29 Apr 2010 00:00:00 GMT

Property investors looking to buy real estate in Turkey will be boosted by news that the destination offers buyers "more for their money".

According to KBS Property Investments, the country is proving to be a popular destination for holidaymakers and investors alike.

In addition, the company highlighted the different lifestyle and culture that Turkey offers as being a major draw for UK-based property investors.

The news could lead to an increase in the number of individuals looking to buy real estate in Mugla, with the emerging destination close to a number of larger resorts.

"Turkey is a very affordable property destination and it is ideal for people who want a more Eastern backdrop. You always get more property for your money than you would get in parts of Europe," Harjinder Singh, marketing manager at the firm, said.

Some of the more popular destinations for real estate in the country include coastal areas such as Bodrum, Gumbet, Bitez, Akyarlar, Gumuslik and Yali.

Figures released recently by Rightmove show that searches for homes in Turkey rose by 6.72 per cent in March.

Turkey leading the way for south-east European property

Fri, 26 Mar 2010 00:00:00 GMT

Property investors who are depressed with the current state of the European property market may wish to turn their attention to the south-eastern destination of Turkey, it has been suggested.

The region was among the standout countries at the recent MIPIM trade show in Cannes and is leading the way in terms of property market recovery in the area.

According to Overseas Property Professional (OPP), despite nearby countries posting reduced demand and a glut of unsold properties which have caused house values to fall by 40 per cent in places, Turkey appears to be flourishing.

OPP reported that the country is benefiting from a stable financial structure - which Standard and Poor's latest credit analysis praised recently - and an every increasing population.

In addition, business ventures in the Middle East are placing it on a sound economic footing.

And as if that wasn't a positive enough picture, Turkey has also been cited as a destination which will see considerable growth in its tourism market in the next few years, research company RNCOS announced.

Three low-cost airlines have already released plans to increase flights to the destination later this year.

The Turkish property market is the ideal replacement for troubled Spain

Tue, 16 Mar 2010 00:00:00 GMT

Turkey is the ideal destination for wwwww.propertyshowrooms.com/property/ for individuals who are looking to avoid the turbulent housing market in Spain, it has been suggested.

The latest figures from Standard and Poor's credit analysis of both countries painted a negative outlook for Spain while reacting positively to Turkey's future thanks to the relative stability it experienced during the economic crisis.

Daniel Dias, of developer Signature International, commented saying that Turkey was well placed to learn from the mistakes in the Spanish market.

"Spain's story is a terribly sad case of a property industry that was allowed to boom out of control," he explained.

"At the moment Turkey is certainly in good shape and all of this bodes well for Turkey's constant endeavour to become part of the European Union."

Furthermore, to enhance the appeal of the country even more, research company RNCOS recently claimed that tourism in Turkey is set to see significant growth in the next few years.

Istanbul leads the way in new developments

Wed, 10 Mar 2010 00:00:00 GMT

Istanbul continues to lead when it comes to property developments, a new report has claimed.

According to Turkish news source Hurriyet Daily News, for the second year in a row a joint study by PricewaterHouseCoopers and the Urban Land Institute (ULI) has found Turkey's largest city to lead the way in terms of development expectations for the coming year.

Furthermore, the city ranked in the top five for real estate purchase expectations.

The news provider quoted Firuz Soyuer, board member at ULI Turkey, as saying that Istanbul stood as one of the top areas for development.

"We will probably see bigger portfolios. Investors might also look toward different areas to spread risk. Maybe shopping streets will come to the fore again," he predicted.

"International investors are still wary toward investing in logistics. Meanwhile, hotels in Istanbul still do not number many. Thus, we will see an increase in the supply of four-star hotels on the Anatolian side especially."

Property investors looking to the country may wish to consider property in Bodrum, as three low-cost airlines have all announced plans to increase the number of flights to the region.

Turkish developer offers investors the deposit choice

Thu, 4 Mar 2010 00:00:00 GMT

One Turkish developer has introduced an original deposit scheme for its customers in an attempt to combat the financial crisis.

Signature International has launched a 'pay what you like' payment plan at one of its best resorts in the popular region of Bodrum.

It means that customers will be given the choice as to the size of deposit they put down and the period of time over which they have to pay it.

Daniel Dias, spokesman for Signature International, explained: "We're conscious of the challenges posed by the current financial climate and try to eliminate any worries clients may have.

"Some are cash-rich and want to pay a large upfront deposit, others prefer to spread the load as thinly as possible. In every individual case, we should have it covered."

Furthermore, investors need not worry about getting a steady flow of tourists to their properties after three low-cost airlines announced that they would be implementing new flights to Bodrum this year.

Pegasus Airlines, Easyjet and Monarch will all be flying new services to the country during 2010, highlighting the growing popularity of the non-eurozone destination.

Low prices make Turkey a desirable option for investors

Wed, 24 Feb 2010 00:00:00 GMT

Property buyers need to remain cautious when looking for overseas investment opportunities, it has been claimed.

Adam Samuel, director of property resource Nubricks.com, has given the warning following figures, released earlier this month by Primelocation, showing that overall foreign property searches increased by134 per cent during the course of 2009.

The portal reported that popular destinations included Spain, France and the United States, alongside emerging destinations such as Turkey, fared well.

Mr Samuel explained that although property searches had increased, it would pay to remain careful.

"We need to be cautious about what that means in terms of actual recovery. A lot more people are looking at what is available and considering where to invest."

He went on to discuss the increasing demand for property in Turkey, claiming that "relatively low" prices and the availability of bargain real estate in the country helped attract investors.

Earlier this year, A Place in the Sun predicted that Turkey would be one of the top five locations for property investment in 2010.

Turkish suburbs ideal for investment

Thu, 11 Feb 2010 00:00:00 GMT

Turkey has established itself as one of the major destinations for international property development in the past few years, it has been claimed.

According to Turkish property experts Experience International, property investors are turning their attention to rapidly developing cities such as Istanbul.

Steven Worboys, managing director at the firm, explained that due to the increase in people coming to live and work in the city, demand is high for housing in its suburbs.

He recommends Beylikduzu as one place with growth potential.

"The population of this suburb is expected to grow three-fold within the next five years to over a million inhabitants, further strengthening the perfect investment environment for growth and excellent rental returns," Mr Worboys added.

Meanwhile, the country benefits from being outside of the eurozone, allowing potential British investors to capitalise on a favourable exchange rate and low cost of living.

Last year, Quest Turkey reported that the country was ideal for Brits looking to purchase holiday homes.

Additional flights and more tourism represent good news for Turkish property

Fri, 5 Feb 2010 00:00:00 GMT

The increase in the number of budget flights and tourists travelling to Turkey will have a large impact on its property market, it has been claimed.

Dominic Whiting, editor of the Buying in Turkey guide, told online community portal Didim Today that the country's rising appeal represents great news for the property sector.

Many airlines have increased the number of flights they offer to the country in order to keep up with demand.

He argues that this will boost activity in the market and contribute towards a speedy economic recovery.

"More budget flight options, particularly from regional airports, and the growing number of British tourists holidaying in Turkey is excellent news for the property sector and promises to add to the country's appeal with home buyers," he told the portal.

British property investors can capitalise on the fact that Turkey lies outside the eurozone, with the GBP performing well against the Turkish lira.

Turkish investors can capitalise on new flights

Fri, 29 Jan 2010 00:00:00 GMT

New flights to Turkey are testament to the growth potential of tourism in the nation, it has been claimed.

Turkish property agent Spot Blue made the announcement after Easyjet revealed that it would be introducing a new route from Gatwick to the popular destination of Antalya.

Director of the company Julian Walker said: "Given that Antalya villa owners have earned yields of six per cent per year in the last two to three years, the addition of new flights can only boost the potential rental income of Antalya properties.

"As long as new flights continue to be announced quicker and more frequent than new commercial hotel spaces, owners of privately rented holiday property … can continue to rub their hands together."

He noted that the news will also go a long way towards helping Turkey achieve its target of 30 million visitors in 2010.

British property investors can capitalise on the strength of the GBP against the Turkish Lira.

Investors will capitalise on exchange rate and cheap property in Turkey

Wed, 27 Jan 2010 00:00:00 GMT

The favourable exchange rate and low priced property will make Turkey a favourite with the British investor this year, it has been claimed.

Property Abroad has predicted a boom in the Turkish property market this year as investors look to capitalise on the country's growing tourism industry.

Data released by Anna Aero shows that Turkey is the fastest growing tourist destination in the world, with a 9.4 per cent increase in flights from Britain in 2009.

Over the past year the exchange rate has kept many investors away from expensive eurozone countries, while the Turkish Lira has remained weak against the GBP meaning there are opportunities for a bargain.

"In 2010 there are likely to be far more buyers active in the market, as tourism has seen growth," the article states.

"This is because of the massive increase in British tourism to Turkey, which has been put at around 20 to 25 per cent by the Association of British Travel Agents."

Last year Quest Turkey reported that the country was ideal for Brits looking to purchase holiday homes.

Turkey could provide a 'good' investment opportunity

Fri, 15 Jan 2010 00:00:00 GMT

Turkey looks set to be a good investment prospect, it has been claimed.

The chairman of the country's Real Estate Investing Partners Association (GYODER) spoke at a press conference expressing his belief that the growing population, combined with rapid urbanisation, would lead to a significant increase in demand for housing.

According to GYODER, housing sales already rose 24 per cent during the first nine months of 2009, with 416,000 units being sold.

The figure is expected to continue its ascent in 2010, but according to Turgay Tanes, GYODER's chairman, the effect of the recession is likely to slow the overall growth.

"The real revival in the sector will take place in 2012,"said Mr Tanes.

"With an increasing population and advancing urbanization, the need for housing will rise."

Mr Tanes believes that foreign investment will rise in the coming year, taking the total amount of money coming from abroad to $10 to $12 billion.

Istanbul is the 2010 European City of Culture.

Overseas investment could soar as Brits look to emigrate

Wed, 13 Jan 2010 00:00:00 GMT

Overseas investment could reach a new high as research shows that a third of Britons are hoping to head off into the sun by the end of 2020.

The results of the survey, conducted by the experience day website intotheblue.co.uk, found that as many as 34 per cent of Brits were keen to emigrate within the next decade, with 86 per cent of them looking to move to a warmer climate and 18 per cent looking to reduce their cost of living.

Both factors make Turkey an ideal destination for those wanting to escape the rigour of life in Britain, with the strength of the GBP against the Turkish Lira combined with its Mediterranean climate appearing to tick the right boxes for potential investors.

Commenting on the results, Rob Holmes, ecommerce and marketing manger of Intotheblue.co.uk, said: "This is interesting because it shows that the public are fed up and want to experience something different."

The likelihood of Turkey's acceptance into the EU has made it an attractive option for many tourists and property investors.

Turkish buy-to-let 'gaining from exchange rates'

Fri, 13 Nov 2009 00:00:00 GMT

Buy-to-let tourist rentals in Turkey are thriving thanks to a surge of British visitors caused by the favourable exchange rate, an investor has noted.

Libby Garside told the Daily Mail that she and her husband Ted rent out their villa in the Mediterranean coastal resort of Kalkan when they are not holidaying there with their daughters.

Observing a rise in demand from Britons for its use, she said: "More consumers seem to be looking to Turkey as a holiday destination due to rising costs in more traditional European resorts and also because of the terrible sterling to euro exchange rate."

The paper stated that foreign exchange firms have also seen a rise in the trading of sterling for Turkish lira and Egyptian pounds as tourists look for cheaper alternatives to the eurozone.

In contrast, it observed, the poor return on UK pounds converted into euros is making travel to many traditional destinations more expensive.

Turkish lira could be even less expensive soon as the value is expected to drop with an anticipated cut in the country's interest rates, overseas investor magazine BuyAssociation has noted.

It said this could effectively make Turkish homes seven per cent cheaper.

Turkey 'a good place to invest in now'

Tue, 20 Oct 2009 00:00:00 GMT

The present time offers a good opportunity to invest in Turkish property, it has been stated.

Founder of broker Istanbul Mortgage M Bahadir Teker told the Financial Times that the country is currently enjoying a favourable combination of affordability, lower interest rates and a plentiful supply of mortgages.

He continued: "We're going to see growth next year and new development opportunities arising mid-year, so I think now is a good time to buy."

According to the paper, those keen to buy a waterfront flat in fashionable areas of Istanbul can do so for around 30 per cent less than a year ago.

At the same time, it noted, prices as a whole have shown signs of being firm across the country.

It was recently suggested that Altinkum is a good place to invest in during 2010.

Didim Today said the resort is good for tourist rental because it appeals not just to the overseas sector made up mainly of Britons and Germans, but also Turks looking for domestic breaks.

Turkey tip for New Year buyers

Thu, 1 Oct 2009 00:00:00 GMT

Those looking for the best place to invest in overseas property early in 2010 have been advised to consider Turkey.

Property Abroad said the country is growing in popularity with holidaymakers, particularly from Britain, as its lira has a more favourable exchange rate with the pound than the euro from the point of view of UK consumers.

The three locations noted as particularly favoured are Dalaman, Belek (because it is near the Olu Denz coastal area) and Altinkum with its new marina.

All of these have cheaper property and plenty of rental demand, the portal stated.

Hurghada in Egypt and Tenerife in the Canary Islands were also tipped as good prospects.

Earlier this month, international mortgage firm Conti identified Turkey as a fast-growing market, noting that 13 per cent of its mortgage enquiries so far this year concerned the country, making it the third most popular buyer destination.

This figure was an increase in the 11 per cent total for 2008, Conti revealed.

Turkey 'fast emerging for investors'

Wed, 19 Aug 2009 00:00:00 GMT

Turkey is a country that is rapidly emerging as a hotspot for overseas property investors, it has been stated.

Writing for Mortgage Solutions-online this week, mortgage expert with Conti Finance Michael Axelrod commented that the country is "rising fast, becoming one of the top investment destinations in 2009".

He said his firm has seen a 65 per cent rise in applications for homeowner loans in the country, with Turkey benefiting from not being in the eurozone and therefore being cheaper for UK buyers.

Mr Axelrod also remarked that the country is tipped to see tourist numbers reach 30 million this year, stating that this is good news for holiday rentals investors as demand for these "will continue to outstrip supply".

Last month Quest Turkey Property and Lifestyle Magazine identified the town of Dalyan on the Turquoise Coast as a place that has emerged as a major property investment destination.

It noted that the town benefits from sunny weather, wildlife attractions that include turtles nesting on the beach and good accessibility due to being near Dalaman's international airport.

Quality property 'sought by visitors to Turkey'

Thu, 30 Apr 2009 00:00:00 GMT

Holidaymakers going to Turkey are increasingly focusing on higher quality accommodation, it has been stated.

Chief executive at Artemis Travel Nigel Harris said that the country used to be looked at as a cheap destination with last-minute travellers, but commented that this has now changed.

He stated: "Customers this year are looking for a combination of quality accommodation, flexibility on flights and duration and value for money."

Those investing in rental holiday property in the country may wish to consider such comments when choosing what to buy.

Mr Harris also commented that visitors are looking to get value-for-money, with the Turkish lira offering better exchange rates with sterling than the euro.

Turkey may be popular at present because of its favourable exchange rates, as a recent survey by M&S Money found that 36 per cent of Britons take into account a country's exchange rate when planning an overseas holiday.