The housing market of Turkey provides wonderful options for investors or buyers that are searching for foreign properties. Turkish real estate and some real estate markets within Europe are filled with cheap properties that are suitable for buyers and investors. Turkey’s economic growth has provided a great chance for property buyers abroad. The profit potential of the properties in the country is due to the surging prices. The price index of houses and other properties have shown a trend, which is constantly going up for the year 2008. This trend is expected to continue for the coming years.
For property investors, this trend implies higher profits for them. This goes especially if they get into the market of Turkish real estate immediately. They should not wait for the time, when property prices keep on rising. The sale of holiday residences and overseas homes account for almost half of the residential property sales within a few locations of the country for the previous year. Holiday properties sell highly because of the huge opportunities that they present to tourists. There are a lot of properties that come with basic amenities. Many of these holiday Turkish real estate are close to tourist attractions and spots that cater to visitors.
The country is admired for the relaxing lifestyle that it offers to its visitors and to the people buying its properties. Aside from a luxurious life, it has several kinds of attractions. You can find natural tourist sights, mosques, and castles. Because of the natural beauty of Turkey, Turkish real estate is a famous option among overseas property buyers and investors. Top-selling properties are mostly found near lakes, mountains, and beaches. Another reason for the high sales of real estate in the country is its warm weather, which is experienced most days of the year. The retail market of Turkey is also filled with items that amaze people from all over the world. These local products include oriental carpets and Turkish jewelry.
Turkish real estate sales have seen a rise for the current year. The sales activity level is indicating a market turn that is beneficial to investors. There are different reasons why buyers search for properties in Turkey. These include a more relaxed life, favorable taxing regulations, and affordable residential properties. If you want to invest on a property in the country, you do not have to be a millionaire to do it. The airlines of Turkey are also offering budget fares to tourists, hoping for a higher influx of visitors each year.
Turkey has a stable economy and cheap living expenses. Compared to other European nations, the cost of living within the country is 30% to 40% more affordable. Although the prices of Turkish real estate have gone up by 20% since year 2007, there are still a lot of buyers choosing properties within the country. This is owed to the great opportunity that is found in Turkey.
Located along Eastern Mediterranean; Turkey boasts of beautiful coastlines. A part of the country is situated in Europe, while another part is found in Asia. This means that Turkey has a unique mix of cultures and traditions. The rich culture of the nation is found on its local produce such as its Turkish jewelry, carpets, and spices. Its temperate weather is perfect for a day at the beach or a hike through mountain trails.