Overseas property investors worried about the weakening pound are being urged to consider Turkey.
With sterling having fallen by almost a fifth against the euro in the past year, Nirvana international is urging investors to look for properties outside the eurozone, reports Easier Property News.
The property specialist says a buyer can buy a relatively large home with private pool in Turkey for almost the same price as a two-bedroom is in some parts of the Spanish Costas.
"We have noted a definite up-swing in the number of enquiries we are getting from buyers keen to own an overseas property but not so keen to find that a large portion of the cost of their purchase is being lost in the exchange rate," said Robert Nixon, a director at Nirvana International.
Nirvana International Turkish developments include Carlton Heights in Fethiye and Pine Tree Bungalows, in Dalaman.
According to the property specialist, several Turkish banks offer 60 to 100 per cent mortgages for new and off-plan properties.
The country is also benefitting from new aviation services from BA, Thomson, bmi and easyJet.
See Also: Property News (6705)
Date Published: 05 June 2008
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