Interest 'increasing' in Turkey property

Property investors are showing an increasing interest in moving into Turkey's real estate market, it has been claimed.

Hurriyet Daily News reports that the country's sector has been averaging rental returns of approximately 40 per cent which, when compared with the five per cent returns being seen across investment, is making the Turkish market attractive.

Prices of property in the country have also fallen of late, meaning the country may experience a boom in activity from investors during 2009.

Investors who have been considering purchasing Turkish property may wish to move into the market in the near future as a result of the prediction, as they may see prices rise as a result of increasing demand.

Earlier this month Abta - The Travel Association noted that Turkey is likely to see a rise in the number of British visitors over the coming months.

The body predicted that the country will be one of two "big growth areas" in 2009, with Egypt being cited as the other.

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