Turkey 'offers alternative to Spain'

Overseas property owners who cannot afford a residence in Spain could find Turkey a good alternative, according to a newspaper.

The Daily Mail said the European country offers a number of attractions, including good weather and a pleasant rural environment.

However, the publication added that it could be prove to a better value destination than many comparable Mediterranean nations.

This is because the pound recently fell to a record low against the strong euro, thereby making places such as Spain and Italy relatively expensive.

By contrast, Turkey is not in the eurozone and offers much more favourable exchange rates with the UK.

The Daily Mail commented: "Turkey is a genuine alternative to Spain - you get more for your pound than you do with the euro."

This comes after Business Week stated that property in Turkey is also much cheaper than those in other Mediterranean locations such as Spain or Italy.