Turkey 'fast emerging for investors'

Turkey is a country that is rapidly emerging as a hotspot for overseas property investors, it has been stated.

Writing for Mortgage Solutions-online this week, mortgage expert with Conti Finance Michael Axelrod commented that the country is "rising fast, becoming one of the top investment destinations in 2009".

He said his firm has seen a 65 per cent rise in applications for homeowner loans in the country, with Turkey benefiting from not being in the eurozone and therefore being cheaper for UK buyers.

Mr Axelrod also remarked that the country is tipped to see tourist numbers reach 30 million this year, stating that this is good news for holiday rentals investors as demand for these "will continue to outstrip supply".

Last month Quest Turkey Property and Lifestyle Magazine identified the town of Dalyan on the Turquoise Coast as a place that has emerged as a major property investment destination.

It noted that the town benefits from sunny weather, wildlife attractions that include turtles nesting on the beach and good accessibility due to being near Dalaman's international airport.