UK residents showing increased interest in property overseas

UK residents are showing increased interest in overseas property, according to research by Rivermead Global.

In particular, property in nations outside the eurozone, such as Turkey and Egypt, are attracting attention as they are often cheaper than countries which have adopted the euro.

This could lead to an increased number of people looking to buy real estate in Mugla or search real estate in Aydin.

Writing for the Global Property Guide blog, realtor Aydin Cakir said that the fact Turkey is not in the eurozone is one of its main benefits from a property investors' point of view.

He added that people wanting to buy property abroad tended to look straight to the European Union during the boom years, however, this is set to change post-crash.

"With many countries in Europe having been downgraded, many facing a downgrade, and some even having been downgraded and facing being downgraded again, Turkey is standing out," he said.
 

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