Opportunities for investors to purchase property in Turkey.

Property in Turkey will be a good investment option for 2010 and investors are being advised to buy now before prices start to increase. A new report from the National Association of Estate Agents which looked at the European property market in 2010 has already predicted price rises by late spring.

Their key pointers for 2010 are;

• The “very best bargains” are likely to be in Turkey.
• Property prices will remain stable within the first quarter of the year so buyers are advised to make a cash offer by March if they want to secure a bargain in any of these countries.
• The supply / demand balance will stabilise once house prices pick up and the pound strengthens against the Euro.

Turkey: Bargains will only be available in the short term.

Richard Edgar, spokesperson for Turkey and the Caribbean at NAEA International, commented:

“In Turkey, bargains are to be had as developers try to encourage sales with significant discounts particularly for cash buyers and this trend will continue through 2010.”

According to research company RNCOS, Turkey’s tourism industry is likely to grow significantly in the coming years. The growing tourism industry, favourable exchange rate and low prices are all greatly appealing factors savvy investors this year.

Data released by Anna Aero shows that Turkey is the fastest growing tourist destination in the world, with a 9.4 per cent increase in flights from Britain in 2009. Over the past year the exchange rate has kept many investors away from expensive eurozone countries, while the Turkish Lira has remained weak against the GBP meaning there are opportunities for a bargain.

“In 2010 there are likely to be far more buyers active in the market, as tourism has seen growth,” the article states.”This is because of the massive increase in British tourism to Turkey, which has been put at around 20 to 25 per cent by the Association of British Travel Agents.”

Consult any of our sales consultants at Novron for a chat about our special offers for Spring 2010.