Buying Property in Turkey is a Priority for Investors

So it could be a good idea to find out what you can about Turkey and list all the things available for people who want to move over there.  If you have family in Turkey then it can be really annoying that they aren’t easy to reach and visits are few and far between. On top of this, when you plan to go over there you might need to book a hotel, which might deprive you of time with family. You might then consider a villa of your own so that you can be in close proximity to family. Another fantastic thing about getting a holiday home is that it can be an excuse for you to spend time with your family more often.

If you’re thinking of an overseas property investment, buying property in Turkey is an attractive option. In recent years Turkey has become a firm favorite with British holiday makers as there are direct flights between the two countries. The beaches are sandy, and both the weather and the Turkish people are warm and welcoming. Turkish food is renown throughout the world, such as kebabs and yogurt. Yogurt accompanies the majority of Turkish meat dishes and in fact the English word for yogurt is derived from the Turkish word yo?urt.

With the increase in the number of tourists coming to the city, there has also been a growth in the number of resorts and lodges for the tourists. Property developers are buying properties across the country at incredibly low prices and renovating them into high standard guest houses, tourist resorts and lodges. As a result of all the activities there has been an increase in the overall capital input of the country. Property prices in Turkey rose about 18% in 2007 after a change in the country’s mortgage laws made finance available to overseas buyers, which means Turkey is turning out to be a major lucrative venture for today’s property investors.

When it comes to buying property, Turkey requires foreign buyers to have a 25% deposit, except if the British investor living in the UK at the time of applying for a mortgage is applying for the loan in Euros. Then the investor may be able to borrow up to 100% of the property value. It is quirks in Turkish law that can lead to confusion for many property investors, therefore legal advice should always be sought before any contract on a property is signed. Property in Turkey for sale is reaping rewards for many property investors and with the demand for buy-to-let properties in the cities; many property investors are seeing a healthy return on their investments.

www.PropertyTurkeyforSale.com, a specialist Turkey property web portal that provides extensive coverage of Turkey property regions, including custom-built exclusive homes in Turkey; Our team of consultants will work with you and for you to find you the best resale, new build or off-plan property in Turkey and North Cyprus, as well as prepare your custom made golfing or yachting holiday packages.