Turkey 'a good place to invest in now'

The present time offers a good opportunity to invest in Turkish property, it has been stated.

Founder of broker Istanbul Mortgage M Bahadir Teker told the Financial Times that the country is currently enjoying a favourable combination of affordability, lower interest rates and a plentiful supply of mortgages.

He continued: "We're going to see growth next year and new development opportunities arising mid-year, so I think now is a good time to buy."

According to the paper, those keen to buy a waterfront flat in fashionable areas of Istanbul can do so for around 30 per cent less than a year ago.

At the same time, it noted, prices as a whole have shown signs of being firm across the country.

It was recently suggested that Altinkum is a good place to invest in during 2010.

Didim Today said the resort is good for tourist rental because it appeals not just to the overseas sector made up mainly of Britons and Germans, but also Turks looking for domestic breaks.

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