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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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