Mortgage quote rise for potential property buyers in Turkey
By Danny Bance

Mortgage quote rise for potential property buyers in Turkey

A rising number of individuals may deem 2010 to be the year to take advantage of any properties for sale in Turkey, it has been suggested.

Conti has revealed that it has witnessed demand for mortgage quotes in the country steadily increase in the past year, with the warmer climate and stunning coastlines causing property in Turkey to become highly sought after.

In May, the leading UK overseas mortgage specialist provided double the number of quotes than the previous monthly average in 2010, with the location being sheltered from the euro being another reason for its particular appeal.

Clare Nessling, Conti's operations director, said: "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.

"Property purchase costs and taxes there tend to be lower than other popular hotspots."

She added that flights from the UK are also strong to the country with a wide array of airports making Turkey highly accessible to those looking to purchase property abroad.

Recent research by the Turkish Statistics Institute suggested that the property market in Turkey could "explode" if the population of the country continues to grow.

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