Why invest in Turkey?
In 2003 Turkey has liberalized its real estate market for foreign buyers. So far more than 45.000 estates in Turkey have been purchased by foreigners. In 2006, it is expected that more than 15.000 foreigners will buy in Turkey. British, Irish, Germans, Danish and Dutch are at the top of the list of nations interested in buying in Turkey. One of the main reasons why investors consider Turkey is that prices in Turkey are still well below the EU average. When Turkey joins European Union, property prices will most likely reach near European levels. The prices in Turkey are similar to the prices in Spain 10 years ago. The potential for returns on investment in Turkeys coastal resorts are enormous. With many excellent facilities, English widely spoken and the liberalization of the rules allowing foreigners to own Turkish real estate, this boom is likely to run for many more years.
