Turkey Investment: Economy
In Turkey, buying an investment property involves examining the country's economy. Turkey's recent economic performance shows impressive results and GDP growth over the last 4 years has reached a cumulative figure of 34%. This trend is forecast to continue during at least the next few years and financial experts predict an increase of over 6% in 2008. This is a positive sign for those planning Turkey property investment.
Turkey land investment is also enhanced by growing inward investment - foreign direct investment increased by a massive 186% from 2005 to 2006 and the World Trade Organisation recently cited Turkey as one of the world's dynamic markets. If you choose property investment in Turkey, invest in the right property. The Turkey land and property market offers a wide choice from Aegean homes such as Belek villas or Bodrum houses as well as a variety of off-plan Turkey construction buildings.
Turkey Investment: Tourism Potential
When buying investment property in Turkey it also requires consideration of the tourist market. Turkey receives over 20 million visitors a year and this figure rises annually. Turkey's stunning natural surroundings and pleasant year-round climate are fast gaining the reputation as one of Europe's best holiday destinations. An increase in flights from low cost airlines to Turkey's airports has greatly added to Turkey's appeal and the government has committed US$120 million to promoting Turkey overseas to both holidaymakers and those considering property investment in Turkey. Also see Turkey Country Guide for Property Investors.
Turkey Investment: Property Market
Perhaps the biggest attraction for the investor thinking of buying in Turkey is the Turkey property market. Turkey land and property prices are currently a fraction of those in other Mediterranean resorts and prices in coastal areas - Belek and Bodrum are two such locations - have doubled in the last 2 years. Analysts consider that Turkey is about to hit a boom period and now is the prime time to commit to Turkey property investment. Turkey buying has now been likened to buying in Spain a decade ago.
