Property for Sale in Turkey - Investment or Lifestyle
Why look at Property for Sale in Turkey? Turkey's favorable climate, archaeological sites and beautiful beaches make it a popular tourist destination, attracting around 20 million visitors per annum. As the Turkish economy continue to expand the possible membership of the European Union will further lift the economy.
Fethiye Resort, Turkey - COMPLETED
Completed Luxury Resort with Full Management in Place
A unique complex where the owners of luxury apartments and villas offer their fully furnished properties for short or long term rental, all the year round.
Prices from 59,000 UK Pounds
Stunning Private Swissotel Villa / Hotel Resort Project. 20 minutes drive to Dalaman International Airport. Prices in the region of Euro 500,000. This is one of the most luxurious projects available in Turkey to date.
Ongoing government reforms are being introduced and the period of co-operation with business and overseas investors continues to develop to facilitate an ever increasing property market in Turkey. It is estimated that Turkey needs approximately 400.000 new residences each year. New mortgage law passed in February 2007 and has encouraged competition in the market by bringing down the interest rates and increased the homeownersip.
INVESTORS NEWS
Update on the Turkish Economy
Industrial output in Turkey was 18.1% higher this February than last, and in the opening two months of the year, 15% higher than the same period of last year. This followed on from an 12.1% year on year increase in output recorded in January, and was a 0.5% month-on-month increase compared to January.
One of Turkey’s leading economists Veyis Fertekligil of Turkland Bank believes this growth, as well as further growth in output in March, will lead to a strong first quarterly GDP growth — let’s face it; it doesn’t take a rocket scientist, or an economist to predict this.
The Turkish economy grew 6% in the final quarter of last year, compared to the same period in 2008. This was one of the strongest exits from recession recorded anywhere in the world.
The Turkish government is predicting an even stronger growth in the opening quarter of this year, with economy Minister Ali Babacan saying that it could even be as high as 10%.
A strong growth, of even 3-5% for the first quarter will be enough to reinforce confidence that Turkey’s decision to stand without the IMF was the right choice to make — positive things have already emerged from the decision with an increase in the tempo of foreign private and institutional investment into Turkish companies."
Fact:
Out of 11,000 British families who bought in Turkey, 8000 are in the irresistibly beautiful town of Fethiye !
International Property Directory features international vacation rentals, property rentals, property investments, holiday homes, villas and vacation resorts plus commercial property, property developers, new homes, real estate agents, overseas mortgages, financial advisers, currency brokers, flights, car hire. International Property Directory, or any of its Agents, do not take receipt of any monies or sign contracts with investors. We operate independently, sourcing property investment opportunities for our interested parties. All contracts and monies are always handled directly with the property developer or owner offering the property. We always recommend our investors seek independent legal and financial advice before purchasing a property. International Property Directory can accept no liability for any damages or losses resulting from the purchase of one our listed Investment Opportunities. Site last updated
9/3/2010
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