Turkey has long been established as a place for overseas buyers to purchase properties in the major southern resorts like Bodrum, Fethiye and Marmaris. Many of these areas have little room left for further development and are now more costly. Istanbul is increasingly being targetted by overseas investors who are looking for properties to buy which can then be subsequently rented out. After a year or two these properties can then be re-sold at a handsome profit. Property prices on the outskirts of Istanbul are still relatively cheap and offer ample scope for capital appreciation on resale.