Tuesday, 8 March 2016

Property Market in Turkey

Property Market in Turkey

written by "A Place in the Sun"
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With a vast and stunning coastline which gets easier to reach each year, southwest Turkey continues to attract British buyers in their thousands. Don’t jump in without reading our indispensible guide.
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Vibrantly diverse and one of our most exciting emerging markets, Turkey remains a mid-table mainstay of our Top Ten Places to Buy 2015.
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Each year it gets slightly easier to buy and a more firmly established market for overseas buyers – in fact at the close of 2014 it finally became a reality that purchasers of resale properties could get their title deeds in one day.
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Despite fierce competition in the last few years from the depressed property prices of Spain, Turkey still remains great alternative to the Costas for coastal properties well under the £100k threshold; whilst at the other end of the spectrum it attracts high-end buyers for its affordability when weighed against the Cote D’Azur or Sardinia.
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Its huge south-west coastline littered with ancient remains and unspoilt beaches still offers plenty of potential, and over 35,000 Brits own a property on the shores of the Mediterranean, along with a good number of Scandinavians, continental Europeans and a growing number of Russian and Middle Eastern investors. Some uncertainty surrounding the elections in Turkey is now over, and the Turkish lira is on its way back up as a result.
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Competitively low living costs are also a big factor, especially for the semi-retired or fully relocating families. Local produce, labour costs, healthcare, education and property taxes are all low; and how does council tax of £35 per year appeal? Utility costs are much lower than in nearby Cyprus.
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Winters are much warmer than the UK – at least in the southern seaside areas where British people usually buy and especially at the Antalya end of this vast coastline.
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It’s also getting easier to find a direct flight from the UK in the off-season.



click to view the properties in Turkey

Property in Turkey | www.saitgayrimenkul.com


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