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Originally Posted by colby
OK - I have looked into the property market in Turkey
Is it worth the risk???Colby
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Colby you posted on the 16-08-2006,
Turkey is a good investment alternate,
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Turkey is the suitable place for foreign investment. Traditionally foreign investors have been purchasing property in Southern Euro-Med countries but now they are seeking fresh alternative destinations to invest in an alternate like Turkey.
The potential for returns on investment in this area are enormous. Last year alone, property prices rose by around 50% and with more people looking to buy homes in Turkey, that extra demand is sure to push prices even higher.
In 2005 more than 21 million people visited Turkey
The number of visitors to Turkey is expected to double in the next few years and Turkish investment in tourism and infrastructure is expected to keep pace. Moreover future projects are planned such as the creation of more leisure facilities such as golf courses, health resorts, tourism centers and sport stadiums that support international events like Formula One motor racing.
Land prices are on the increase
Due to foreign investors' high demand of second homes in Turkey, land prices are on a steep increase, as a result property prices will also continue to rise steeply, hence now is the right time to purchase an investment property or a second home.
The expected accession of Turkey to the EU is also a major factor that will contribute to enormously to Turkey's property market. When this happens property prices will double, even triple within a few years. So the best policy is to buy now and enjoy the benefit of an investment that will soon increase in value.Thanks
colby
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http://www.propertycommunity.com/forum/turke...te.html#post45
Colby Turkiye is thee most suitable place for foreign investment.Turkiye is well worth the risk.. you said so your self.
