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REASONS TO INVEST IN TURKEY NOW

 

     1. Over the past 10 years Turkey has undertaken many reforms designed to align the country with Europe and has formed strong enough links and business relationships with the west  whilst retaining an important bond with the middle east. These reforms have been successful and resulted in Turkey being accepted as a candidate for EU Membership with likely inclusions as a full member in the near future. When a country is accepted into the EU this generally creates large increase in property value and investors are now keen to buy in  prime locations while the prices are still low. Future prospects for Turkey are very positive, over medium to long term making the country an excellent investment opportunity for the buyer looking for significant returns over some period of time.                                                    

 

     2. "No capital gains tax" is payable providing the sale of the property is more than four years after the date of purchase.

 

      3. Turkey is at the beginning of a property boom!

 

     4. You can still find excellent frontline properties at Great Value for Money prices  with a huge capital grow potential soaring land prices are on the increase pushing property prices up while the property  market evolves.

 

      5. With Turkey`s foreseen entry into the EU, it has adopted an “open skies” policy which is leading to the arrival of cheap flights. ”Easyjet” now flys to Istanbul 3 times a week, Sun Express are now offering amazingly cheap flights in and out from UK.

 

     6. "Running costs are low" especially of a property compared to the long term rental season. For approximate £600-1000 (900-1500Euro) a year you can lock up and leave your home or rent it out for 6-8 weeks to cover your running costs.

 

      7. The low cost of living  make Turkey a favourite holiday and retirement location for Europeans.

  

      8. Turkey offers longer summers than many EU destinations therefore increasing the rental and holiday periods.

  

       9. The property purchase system makes it "Very Easy and Simple" for foreigners to buy in  Turkey. After viewing a prospect and consenting to the purchase all necessary documentation and legal requirements can be finished in less than 2 hours.  

 

      10. "Changes in the currency" can create unprecedented bargains for ex Sterling- In December 2005 100 GBP was 240 lira in January 2007 100 GBP was 285 lira (150€ 240 lira-285 lira).

 

      11. "The Turkish economy" has shown a strong and substantial growth over the last 5 years and is very strong with 5.5% GDP growth in 2005 and 7.4% in 2006. High inflation which has been a feature of the Turkish economy for the last 3 decades has been brought down to single digits approximate 8%.Now falling inflation, lower interest rates, a booming economy are increasing the amount of foreign investment and the housing market.

   

      12. The introduction of the "Mortgage System" in Turkey is not dependent upon EU  membership In the same way as many other European countries eg Bulgaria and Estonia.

   

     13. Turkey has a huge population of 70 million this creates "a strong internal market" Meaning investors are not only relying on the international investors for re-sales.

   

     14. Taking into account  the country`s many attributes Turkey can hardly be rivalled in any other investment location with similar assets.  

    

    

 

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