THE VALUE OF PROPERTY IN TURKEY RISES AGAIN

Turkish property prices have risen once again seeing a 1.1 percent increase nationally in May compared to April, according to the latest REIDIN figures.

The cost of buying a property in Turkey has increased by 10.19 percent in the last year and the country has become a popular destination with property investors now that the economy is performing well.

Residential rent value is also on the rise in Turkey increasing by 1.01 percent between April and May this year. Richard Way, editor at Overseas Guides Company, stated recently there are many advantages for UK buyers who are looking to buy a property in Turkey. He pointed out that many Turkish homes are valued in euros so buyers can still benefit from the strength of the sterling against the single European currency.

The recent changes to Turkey’s real estate laws have also made it easier for international investors to buy larger plots of land and the country is becoming the preferred destination choice by British investors.

International investors are also aware that the budget deficit in the country is manageable and its banking system is strong. The economy is growing at a steady pace and is not exposed to the debt crisis unlike other European countries such as Spain and Greece.

These factors are making Turkey one of the best countries to invest in and buyers are taking advantage of the good opportunity before property prices rise even further.

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Source: Property Showrooms, property –abroad.com