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Turkish house prices 'may grow significantly'

Article Date : Monday, December 31, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Investors in the Turkish housing market could be set to benefit from significant increases in property values.

According to Foreign Property Buyer, the ongoing negotiations regarding Turkey's entry into the European Union could be beneficial for overseas investors.

The website stated that since talks on its possible accession were already underway, the country offered "immense potential" for capital appreciation.

This, combined with the possibility of earning rental income from people such as holidaymakers, could make a Turkish investment highly lucrative.

Foreign Property Buyer added that Britons accounted for the largest group of overseas investors in Turkey, with many opting for new-build homes.

The country was described as a "land of promise" for second home owners, as it was a growing market that offered culture, leisure attractions and easy access from the UK.

Meanwhile, the Turkish Statistics Institute has revealed that the number of foreign leisure travellers arriving in Turkey has risen by more than 15 per cent in the last year.
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