The sparkling coast of Turkey and beautiful surrounding countryside have long made Turkey a favourite holiday destination for many European tourists. Today, increasing numbers of property investors are choosing Turkey as their preferred location in which to purchase a holiday home.
It is estimated that in excess of an amazing 21,000 properties have been sold within the past two years in the Aegean coastal areas of Fethiye, Bodrum, Didim and Altinkum. Purchasers are predominantly from The United Kingdom, Ireland, Germany and Holland.
While Turkey steams on ahead with improvements to its infrastructure in readiness for joining the European Union, it fully intends to entice a good deal more foreign investment in the near future. The introduction of the overseas mortgage now available in Turkey is a timely addition to Turkey’s attraction as a great property investment location. This is the first time overseas mortgages have been on offer in Turkey and the move will doubtless enhance Turkey’s position on the property investment map, not to speak of further boosting its ever-growing tourist economy.