Why Invest in Property in Turkey
Reasons To Invest
Increasing numbers of investors from various international destinations are setting sights on Turkish property, due to the stability the market has shown during recent times. This stability has been coupled with additional factors such as the introduction of the mortgage market for non-residents, making Turkish real estate increasingly assessable for larger numbers of buyers.
The strategic location of Turkey has placed the nation at a distinct advantage as a social and cultural bridge between Europe and Asia. This gateway between the East and the West has assisted with the continued growth of the Turkish economy, along with increased levels of travel for both business and tourism. The massive increases in tourism have assisted in attracting property investment speculators for buy-to-let purchases, holiday homes and also relocation purposes. The attractions of the Turkish property market to international investors has largely stemmed from the popularity of the location in recent years, considered to be a direct result from the growth of the touristic market.
Turkish real estate presents a fantastic emerging market opportunity, having shown incredible growth levels over recent years. This has been coupled with additional incentives such as guaranteed rental schemes, proven exit strategies, increased access to the country and modern build qualities. Capital growth in coastal resorts such as Bodrum have established their position as preferred investment locations, having shown steady capital gains of around 30% per annum. As the demand for Turkish real estate continues to exceed the supply the current high gains, strong rental yields and popularity of the market are set to continue.
- High rental yields
- Growing market amongst both local buyers and foreign investors
- Low entry level prices
- High potential capital appreciation
- Growing mortgage market
- High build standards and quality
- Property prices set to increase rapidly in the coming years
- An official EU candidate since 2005
- Capital gains tax incentives for long term investors
- Strong tourism market continuously growing
- The country has undergone political and economical reforms in recent years
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