Three TOP reasons why to invest in Turkey
1. While International Property Investment commentators have been condemning the poor performance of Ģ sterling and the effect this has on investment, there is a currency that has performed even worse - The New Turkish Lira.
Today (June 2008) the Ģ will buy 15% more Turkish Lira than it did 6 months ago (25% if you are investing in uros). You may think that prices advertised in sterling may have gone down, but generally they havenīt - so thereīs a bargaining position which many may have overlooked.
2. The recent negative press regarding the can buy/canīt buy/can buy laws that went through the Turkish courts made a number of people apprehensive about investing in Turkey. Therefore the number of enquiries that Turkish developers receive are down, and the more they need to try harder to sell their properties. I reckon thatīs worth another 5% discount.
3. The international property investment market as it is today is a rapidly expanding phenonomen. When investors first started looking at Turkey as an investment vehicle, there was not a great deal of competition. Bulgaria was the only other new boy on the block. No body had heard of Cape Verde (let alone knew where it was) and Brazil was a country that produced good footballers. Agents were keen to offer inspection trips for Ģ20 and as the only alternatives for life style buyers were the relatively expensive countries of Spain and Cyprus. Developers were falling over themselves to launch new projects on a monthly basis and for a while it worked. Tell your agent that you are also considering Egypt and Northern Cyprus - that should be worth another 5% discount.
So, 25% already saved and you havenīt got around to asking about the furniture pack yet ...............................
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