Turkey tries to tempt buyers back with bargain properties

Turkey is the place to go if you are looking to purchase bargain property, it has been claimed.

The international economic crisis has meant that property sales in the popular tourist destination fell dramatically in 2009, which has led to developers offering "significant discounts" to tempt investors back to the market.

That is the opinion of Richard Edgar, spokesperson for Turkey and the Caribbean at the National Association of Estate Agents International, as he revealed his predictions for the global property market.

"In Turkey, bargains are to be had as developers try to encourage sales with significant discounts, particularly for cash buyers, and this trend will continue through 2010 in an attempt to mop up excess stock," he said.

"There is a glut of unsold properties providing some genuine and excellent bargains … with some offers of up to 40 per cent discount for cash buyers."

According to research company RNCOS, Turkey's tourism industry will experience significant growth in the coming years.

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