The demand for property is constantly increasing with more investors wanting quality homes. Professor Unsal Ban added that people now want more from the property sector with the addition of more social and recreational areas as well as smart homes.
Turkey aims to attract further investment to continue growth in its property sector according to news agency Bloomberg. The Turkish government expects to attract at least $10 billion in investment in the sector each year, which is already looking healthy due to continued increases in property prices that are currently over 10 percent compared to […]
With the increase in tourists to the Red Sea region, the real estate market in areas like Hurghada and Sahl Hasheesh are continuing to offer great returns for investors. Property in Egypt is providing a wealth of opportunity for those willing to invest and many are already seeing the rewards.
Turkey is currently proving to be a great investment in the current economic climate. As other countries struggle with debt Turkey is showing great promise, especially in property.
The positive news has followed another great report from The Telegraph newspaper, which has recently revealed Egypt is leading the global markets in 2012.
Tourist numbers in Egypt have increased by 32 percent compared to the first quarter in 2011, rising from 1,894,044 to 2,500,301 tourists in 2012.
Neil Hollingsworth from Rivermead Global says “we have seen a big increase in people searching for property in Turkey, especially in Altinkum and Akbuk where you can still get large 86m2 apartments from as low as £35,000”
Turkey’s recent good news has got investors excited. Buyers have seen an opportunity to purchase property at an affordable price that they can rent out all year round.
Turkey’s investor confidence is set to rise rapidly following the news this week and property purchases are expected to rise fast. The country’s tourism is starting to increase with more flights to the Middle East, showing that Turkey is a popular place to be.
British retailer Marks & Spencer (M&S) revealed last week that the company plans to open three stores in Egypt as part of a five-year expansion plan across the Middle East.
Bodrum is attracting many UK tourists for its ST Tropez feel but the difference between the posh French location and Bodrum is its outstanding value for money.
The increase of interest is set to encourage other investors, particularly property buyers who are recognising Egypt as a good place to invest in properties.