|
  |
|
|
Turkey – Not Just for Christmas!
The third most popular European destination for British holidaymakers is Turkey – a fascinating country with great activities (white water rafting, anyone?), a great climate (longer summers than Greece and Spain) and a low cost of living. The cost of property is also extremely reasonable, driving a lot of industry watchers to call it “the next Spain” in regards to property investment. But there is one big factor that has influenced a lot of increased interest and growth potential – the application to join the European Union. Some commentators have pointed to their stance on Cyprus as a stumbling block to their application, but I believe this will be soon be overcome. The country has demonstrated an eagerness to be flexible (a little known fact is that licences for 6 casinos have recently been granted which is a massive step for a primarily Muslim country and just goes to show the moves they are prepared to make). History has shown us that once a country joins the EU there is an immediate increase in trade and tourism and the subsequent demand for accomodation. This gives two main opportunties for investors if Turkey follows suit:- The major tourist destinations will have an uplift in property value and rental potential. So investment in areas such as Bhodrum, Dalaman, Fethiye, Gocek will lead to good capital growth and rental yield from the tourist sector.
The improved trade opportunities and overseas investment will lead to a large increase in wealth and employment in the capital. This gives great potential for yield and growth on a longer term rental basis (along the lines of a UK-style buy-to-let) for workers in Istanbul. You will get lower rent but over a 12 month period – giving a good solid investment. One of Europe’s largest property developers (Grupo LarSol, backed by Morgan Stanley Bank) has recently expanded into Turkey and have a fantastic reputation for incredible build quality and design – we’re eagerly looking forward to their first release (they are investing €60-80 million this year alone!). Jon Davies
www.holidayinyourpocket.com
|
|
 |
|
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "Turkey – Not Just for Christmas!" has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
|
|
This intel was contributed by Jon Davies
Jon Davies
|
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
