Overseas property investors targeting Turkey

Overseas property investors are continuing to drive growth in the Turkish housing market, according to a local expert.

Turkey has been growing in popularity with holiday home buyers attracted by its low prices, warm climate and beaches in recent times.

According to Property Wire, it has also become a hot spot for foreign investors, who have snapped up $10 billion (£5.4 billion) worth of housing in the past five years.

Local real estate lawyer Orhun Ozdener Vahaboglu explained that the investment drive had been prompted by the fact tourist numbers are growing every year.

The value of properties in areas close to coastal resorts has already shot up and Mr Vahaboglu predicted that further substantial price rises will follow.

"Turkey is a growing country with a lot of potential, as the European membership is a pending issue. As soon as this is realised, we may expect that the prices will double," he said.

His words come after overseas property expert Susan Salkeld recommended Turkey as a country where holiday home buyers can find excellent value for money.

Visit our off-plan property Turkey page.