Demand high for Turkish property

Demand from property investors and buyers in Turkey means that developers are struggling to cope.

Julian Walker, director of agent Spot Blue, highlighted the European City of Culture, Istanbul, as one region which was doing particularly well.

Its popularity with tourists and various attractions means that many buy-to-let investors have looked to capitalise on property opportunities in the destination.

The property expert explained that a number of factors, combined with strong economic growth in the country, meant that developers are struggling to meet demand from buyers.

"Istanbul offers an excellent investment opportunity, attracting an increasing domestic market looking for property rentals as well as international visitors," he added.

"Sales of properties are strong considering the global economic climate and more developments will be coming to the market to suit the cosmopolitan communities."

Individuals looking to purchase property in Turkey may be interested to hear that a recent Global Property Guide report recommended it as a favourable country for investment.

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