Turkey is the latest property investor’s hot spot. Low prices, possible inclusion in the EU and a strong economy make it one of the best property investment areas at this time.
Falling values, volatile stocks – this is what it means to invest in the stock market. Unless you are a professional with your eye constantly on what is going on and being able to “feel” what the next best thing is, the stock market is well left alone. Today, property is slower but steadier and far more lucrative in the long run. “Buy land they’re not making any more” is an often-quoted maxim when brokers are asked where to invest. In addition, if you take in to account the poor performance of markets over the past few years, investment in property is a far more attractive, and certainly a less dangerous option. Many pension fund managers are looking to the property market to make their profits.
Although there is no iron clad guarantee that your property will increase in value year on year, those who have the courage to keep their property for some time have always profited. Where else can you borrow money (from the bank) and pay it back with someone else’s (the tenant’s)?
There is no emotion involved in buying property as an investment vehicle, whether you decide to buy off-plan and realise a substantial profit by selling the property at construction completion or a longer term buy-to-let situation and create a steady income while realising a sizeable profit when the property is eventually sold.
It is widely regarded that now is the ideal time to invest into the Turkish property market. Turkey has started the process of joining the EU, which traditionally makes a huge difference to any property market.
Turkey has a large and fast expanding tourist industry that looks set to continue to grow. creating even more demand for quality accommodation - ideal for off-plan property investors.
Turkey has stunning beaches and a climate that far surpasses many of Europe’s most popular holiday destinations.
Property prices in Turkey are very competitive and all indications show that Turkish property will appreciate rapidly with the introduction of more flights, mortgages as well as a more mature EU application.
Property in Turkey also has an extra appeal to investors: with a huge Turkish population of around 70 million, there is massive demand for property from within Turkey so the market is not totally reliant on foreign investment. If the Turkish EU application is successful then internal demand for quality accommodation in the best locations will be even greater.
You can research further into Turkey as a property investment from our Turkey investment research section.
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