New finance deals boosting interest in Turkish property

Property developers and agents in the popular destination of Turkey have been witnessing an increase in the number of individuals buying property in the region, it has been reported.

Overseas Property Professional has claimed that the introduction of new finance deals to the area has sparked a surge in the number of investors purchasing property in Turkey.

Advantage Properties International told the news provider that a five-year interest-free deal at a golf resort in the region of Bodrum was proving to be popular among investors.

Rahul Hireguntanur, API's business development manager, explained: "We're working with BNP Paribas and Is Bank in Turkey to provide 70 per cent loan-to-value mortgages."

The port town of Bodrum is well placed for individuals looking to buy property in Turkey, as earlier this year three low-cost airlines announced that they would be increasing the number of flights they offered to the region.

Pegasus Airlines was joined by Easyjet and Monarch in offering additional services to the country to keep up with growing demand.

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

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