Turkish property prices 'could carry on rising'

People thinking of buying property in Turkey could be making a good investment choice, it has been suggested.

With the UK property market suffering a hangover from the credit crunch, some investors are looking overseas for opportunities to profit.

Ian Jones of fund manager Cordea Savills believes one place worth investigating is Turkey, where a number of factors are combining to drive prices up, despite the economy starting to slow.

"This is a country of some 70 million people with half of the population under 30 and with an average annual population growth of about one per cent," he told Reuters.

Property prices have grown rapidly in some parts of Turkey in recent times and one newspaper recently reported that homes in the area surrounding the resort of Bodrum are prohibitively expensive for locals.

However, the Turkish Daily News also pointed out that prices were still at a low enough level to attract interest from holiday home buyers and investors from overseas.