Turkey '"a hotspot" for property investment

Investors looking for an overseas property investment may want to consider the options available in Turkey.

Partner at Emerging Real Estate Tim Morgan noted Turkey's economy is experiencing strong growth, with both house prices and rental values rising during 2011.

"Tourism has been driving the boom in Turkey and savvy investors are recognising that buy-to-let properties here will be very profitable," he stated.

Mr Morgan added that Istanbul's housing market in particular is performing well at present, which may make it a target among those looking for real estate in Turkey.

Earlier this month, the REIDIN.com Turkey Residential Property Price Index revealed that the value of homes in the nation climbed by 0.71 per cent in November, compared to the previous month. This represents an annual jump of 7.33 per cent across the country.

Istanbul experienced a monthly rise of 0.8 per cent, while year-on-year, the price of houses in the city have increased by 8.5 per cent.
 

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