Sustained infrastructure investment by the Turkish government has resulted in the eastern European country becoming a hotspot for overseas property investors, according to one firm.
Nirvana International said the fact that the Turkish authorities are investing heavily in the tourism market, coupled with good temperatures all year-round, means that the country is becoming the "perfect place to purchase a property in the sun".
The Antalya region of Turkey in particular is becoming increasingly popular due to its plethora of international golf courses, "stunning" coastlines and direct flights, the firm stated.
"Other inland areas are becoming popular but the Turkish government is concentrating mostly on making the coastal regions desirable destinations," remarked spokesperson Natalie Nixon.
Nirvana International said it expects properties in the Antalya region will appreciate by 75 to 100 per cent over the next five years.
"Properties in Turkey still offer superb value for money, particularly if you compare like for like with properties in Spain and the Algarve," she added.
Official figures from Homes Worldwide put the number of British people owning property in Turkey at 17,000 - a 500 per cent increase on 2003.
See Also: Property News (0)
Date Published: 02 August 2007
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