Turkish property performing strongly in 2010

A steady increase in the number of mortgage quotes being given for Turkish properties has been seen over the past year, it has been claimed.

According to specialist mortgage provider Conti, May was a particularly strong month, with the number of quotes issued more than two times the previous average for 2010.

The news serves to further highlight the strength of the Turkish property market, with ever-increasing tourism numbers helping to enhance the prospects of any buy-to-let investors.

Clare Nessling, Conti's operations director, said that low purchase costs and taxes were attracting buyers.

"These factors, combined with low interest rates and some bargain property prices, have made Turkey increasingly attractive, as well as more affordable, for UK buyers," she added.

"Property purchase costs and taxes there tend to be lower than other popular hotspots. Accessibility is important too and the country has a wide choice of airports which are well served by flights from the UK."

In particular, the mortgage expert drew attention to opportunities available in Bodrum, with its excellent transport links likely to entice investors.

This could lead to an increase in the number of people looking to buy real estate in Mugla, which is the province in which the destination is located.

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