Turkey has 'serious potential' for property investors

Property investors looking for the best place to buy in Europe should consider looking at the Turkish real estate market, it has been suggested.

Global Property Guide's mid-2010 report has highlighted the "significant potential for growth" that is offered by the country, with its young population, competent government and positioning close to the east making it an attractive investment prospect.

Speaking in response to the publication, Stephen Worboys, managing director of Experience International, said that a shortage of housing is likely to lead to increases in rental yields and capital growth.

"I believe that Turkey, and Istanbul in particular, presents one of the most attractive property investment opportunities available in Europe today and it's pleasing to see that the latest Global Property Guide Recommendations report supports this," he added.

Investors may also want to consider looking to buy real estate in Mugla as the region has some excellent transport links and is emerging as a popular tourist hotspot.

Specialist mortgage provider Conti revealed that during May it issued more than double the number of quotes than usual in Turkey.

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