TURKEY BECOMES TOP INTERNATIONAL DESTINATION FOR REAL ESTATE

TURKEY BECOMES TOP INTERNATIONAL DESTINATION FOR REAL ESTATE

The Turkish property market is making its way up the overseas property ladder and has become one of the most attractive investment destinations for real estate.

The Association of Real Estate Investment Partners (GYODER) has reported that Turkish property prices are currently increasing by 10-12 percent each year and have been increasing month-in-month-out for the past two years.

Turkey’s performance in the international property indices by Knight Frank shows that the Turkish property market experienced growth of 11.5 percent in 2012 and a property price growth of 7.7 percent, making it the eighth fastest growing property market in the world. Turkey has also performed well in the rankings of the Global Property Guide, which saw the country make its way into the top 10 with a solid five percent year-on-year growth recorded in 2012.

One of the reasons that Turkey has experienced such success with its property market in 2012 is the Turkish government’s commitment to opening up all avenues to investment. In the month of May last year, the country saw foreign nationals invest a record $1.1billion worth of Turkish property.

The new legislation that allows nationals from 190 countries to buy property in Turkey is also expected to boost investment levels. Turkey received an official approval of its economic stability and investment potential by ratings agency Fitch, who gave Turkey its first investment grade rating.

It is clear to see why results like this make Turkey one of the most reliable property markets. This combined with the fact that the Turkish economy is also one of the fastest growing economies in the world makes it a fantastic investment destination.

Rivermead Global have a fantastic selection of Turkish properties, with very attractive prices, giving great potential for capital growth and investment opportunities, please click here to see our Turkish properties

 

Source: NUWire Investor

About the author: Neil Hollingsworth

Neil left school in 1987 and joined the Royal Air Force (RAF) as a Survival Equipment Fitter, travelling round the world with tours in Northern Ireland, Falkland Islands, Cyprus and Iraq to name a few. In 2005 the government cut the armed forces and Neil had the opportunity to take voluntary redundancy, on leaving he went to work for a UK estate agent before moving on and setting up Rivermead Global. If you are looking at buying a property in Egypt or Turkey you have come to the right people.