TURKEY ENTERS TOP TEN PLACES TO INVEST
Turkey has been placed in the top ten global hotspots for buyers and has been voted as one of the best places to invest in 2011, according to The Telegraph newspaper.
The recent article states it is a good year for Turkey, which has been tipped to see a property boom after confidence in the economy and property market has increased.
Turkey has seen many developments completed this year including a string of high quality projects within Bodrum and Akbuk. These developments have been well received by owners and command strong rental yields for overseas landlords.
Turkey’s central location is becoming increasingly popular with tourists around the world, resulting in further flights being scheduled to Turkey’s popular destination Bodrum.
Bodrum International Airport has 15 airlines flying in from all over Europe due to client demand. UK airlines EasyJet, First Choice and Thomas Cook all have flights landing into Bodrum and Monarch Airlines hasrecently announced they will have two scheduled flights a week from Manchester to Bodrum from May 2011.
Turkey has learnt from other property markets in the Mediterranean by increasing its real estate options to overseas investors without pushing the demand too far.
Neil Hollingsworth, senior manager at Rivermead Global Property commented: “Turkey offers buyers a wide choice of properties in many different locations. The turquoise sea and picturesque beaches offers investors the chance to get their dream Turkish property on a budget that they can afford.”
Source: The Telegraph Newspaper & Propertycommunity.com