Asem Construction Agents Site

Britons lead in property purchases in Turkey. The data from The General Directorate of Land Registry showed that the number of foreign nationals owning property in Turkey reached 69,781 at the end-December 2006 from 37,681 in mid-July 2003.

According to data the number of Britons who own a property in Turkey rose to 17,443 from 2,964 in mid-July 2003. Thus, the increase in the number of Britons who invested in property became 488% over the period in question. In other words, Britons’ investments increased much faster than total investments in property by foreign nationals. The data showed that nationals of United kingdom lead with 17,443 individuals or companies followed by the Germany with 15,337, Greece 13,839 and Holland 3,494.

       TURKEY`S EXPLOSION ON THE PROPERTY MARKET

There are several reasons for Turkey`s explosion in growth, for example
*  Prices - even with the large increases in price over the last few years, Turkey still has some of the lowest property prices in Europe.

* You can still purchase a villa or an apartment for a fantastic, competitive price!

*  Climate - coastal Turkey offers an excellent year round climate. Mild Winters, gorgeous Spring and Autumn, and very hot Summers.

*  E.E.C. - Turkey has applied to become a member of the E.E.C.(when membership is granted, property prices will soar).

* Infrastructure - Turkey is investing heavily in transport links and communications.

*  Freehold - All properties are freehold with title deeds.

*  Economy - Over the last few years the economy has stabilised and Turkey is now (according to the World Trade Organisation) one of the 20 most dynamic countries in world trade.

*  Holiday Destination - Turkey is now a major European holiday destination, which gives an excellent opportunity to realise very good rental returns on properties.

*  Local Prices - for food and local services, prices are very low compared to the rest of Europe. It is nearly 1/3 cheaper then Britain. Eating out is very inexpensive and the food is superb.

*  Low Charges - Low annual property taxes, cheaper water, gas and electricity charges.

*  Accessibility - Turkey is becoming increasingly accessible with more and more budget airlines like Easy jet, Sun Express and tour operators offering cheap flights during the holiday seasons. *  Crime - One of the lowest crime rates in the World.

*  Magnificent Ancient Sights -  that combine seamlessly with modern facilities.

*  English - is widely spoken.

*  Capital Gains Tax - None to pay after 4 years.

*  Structural Guarantees - 10 years structural guarantees are normally offered on new built properties.

*  Turkey`s Large Population - Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for re-sales.

*   Property Boom - Turkey is just at the beginning of a property boom.

*   Turkish Population Growth  - is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.

*  Turkey is Modern - While most Turks are Muslim, Turkey is a secular and modern state. You can find almost everything you`re looking for at local stores.

*  Coastline - Turkey offers 8,000km of it!

*   Ranking - Turkey ranks in the Top 5 - of most overseas property magazines, tv shows and websites.

*  Lastly, the Turkish people. The friendliest and most hospitable people in the world.

All of the above make Turkey one of the best places to invest in property at this time.