Post-crash Turkey 'offers a good investment opportunity'

Property in post-crash Turkey can offer a good investment opportunity, one expert has claimed.

Writing for the Global Property Guide blog, realtor Aydin Cakir said that Turkey never really became as popular as it could have been with property buyers, who looked to EU nations in the boom years, however, this is all set to change.

According to Mr Cakir, one real draw for people hoping to buy real estate in Mugla or invest in Antalya real estate listings, is the liquidity in the Turkish banking system which helps boost mortgage availability and affordability.

The fact that Turkey is in great fiscal condition, with gross domestic product rising 11.7 per cent year-on-year over the first quarter and the nation having a budget surplus of $5.1 billion in May this year, is also good news for property investors.

"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 added.

Last week, Select Resorts stated that the Turkish property market has seen significant growth in the past two years and provides a real opportunity for investors.
 

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