Hey Guys,
Altinkum in Turkey, has only recently been the front runner for overseas property investors. It has this advantage over better known holiday resorts such as Bodrum and Marmaris, meaning property prices are still low - at an estimate, like for like prices show a margin of as much as 40% in some cases.
Not only is property cheap but their is guaranteed sun, clean beaches and helpful friendly locals.
At this moment, Turkey is preparing new laws and regulations in order to become a full member of the EU. This process could take as long as 15 years. After that the prices of real estate will rise even more quickly than now, bringing property prices in Turkey to a level with everywhere else in the EU. Ultimately leading to mortgages for tourists. As you and I know this is the time to buy.
Altinkum is a beach resort situated in Didim on the west coast of Turkey. A pleasant holiday resort. Simpler than Kusadasi, Marmaris and Bodrum. Originally Altinkum was a small fishing village. At present 5 ? 8,000 properties have been sold to British in Altinkum and yet still going strong. 3 years ago a 2 bedroom flat would have been ?8,000 that same flat today would be worth between ?25 ? 30,000. Yet still property prices are rising.
Cheers
Clayton