|
|
|
| D&D News |
Turkey a top overseas property investment location
|
.
Article Date : 05 October 2011
Turkey has been named as one of the best overseas destinations for those considering real estate investment.
Assetz highlighted the potential of the nation, citing its growing economy, increasing demand for rental properties and banking rules as just some of the reasons to opt for a home in Turkey.
Chief executive at the firm Stuart Law commented: "The property market is underpinned by a strong economy with a growing tourism sector, which can be converted into solid rental yields for investors."
He singled out Istanbul as one of the rising stars in the Turkish real estate sector, pointing to its rapid population growth and the shortage of suitable homes in the area.
Earlier this year, Global Property Guide revealed that rental yields for small apartments in Istanbul across some of the city's most popular districts are performing well.
According to the publication, flats of 75 sq m or less in size command the best yields in Sariyer, bringing in 6.87 per cent, while apartments in the 200 sq m to 250 sq m range offer the highest returns in Beyoglu at 4.78 per cent.
|
|
Arab Spring Effect Fuels Tourism and Property Boom in Turkey
|
.Arab Spring Effect Fuels Tourism and Property Boom in Turkey
Published on: Thursday, September 22, 2011 Written by: Liam Bailey inShare.0
What a special time for Turkey. We have just learned that the Turkish economy was the fastest growing in the world in the first six months of this year. The AK Party recently won a roaring victory for its third term, indicating political stability, and with the exception of the current account and trade deficits the economy is in incredibly good shape all round -- as is the banking system.
But that is nothing special; no more than it is the culmination of recent growth and good performance. What is special is Turkey's rising popularity in the Arab World, which is fueling exceptional growth in tourism from Arab countries, many of which enjoy visa-free travel to Turkey. It is also fueling a surge in demand for Turkey property from wealthy and not-so wealthy Arab buyers.
Before World War II at the peak of its power, the Ottoman Empire reigned over the entire Arab World, mostly with fear and persecution (let's be honest).
But now as Turkey once again grows as a regional power, its growth is not being met with fear or resentment, but praise and jubilation for Turkey and its government. Not least because of the tough stance it has taken towards Israel for its deadly raid on the Turkish flotilla in international waters earlier this year. But it is also because Turkey has seemingly found the perfect model for merging Modernity and tradition, Islam and democracy.
Arab countries are some of the wealthiest in the world, but Arab tourists and property buyers at the private level have always tended to stick to other Arab countries, because they feel more at home in their own culture.
Because of the Arab Spring the choice of places to holiday and invest in property in Arab countries has been seriously thinned. Thus Arabs are coming to Turkey in their droves to shop, holiday and buy property. This is fuelling the tourism boom, the rapid economic expansion and growth in the property market, including prices and rents.
Of course Turkey is feeling similar effects because of the European sovereign debt crisis; buyers throughout Europe who would normally have bought in Spain, Italy, Greece or Cyprus are turning to Turkey because of the dire situation in all the above.
Russians are included in this, according to recent reports Russian buyers are now overtaking Brits as the dominant buyers in many regions. In fact, according to one report from agents in Marmaris, Brits are selling up en masse, and Russians are their main buyers. According to other reports Russians are also starting to overtake Brits as the dominant buyers of property in Alanya as well.
|
|
Greater interest in overseas property investments |
.Greater interest in overseas property investments
More Brits would rather invest in properties abroad rather than in the UK, according to research conducted by the Worldwide Property Group.
A survey conducted by the UK-based property investment firm found that interest in buying property overseas is now preferred to that of property in the UK, with 67 per cent of respondents saying it is a good time to make a foreign investment and 65 per cent actually considering doing so.
Property in USA generated the most responses, followed by property in Turkey and then property in Portugal.
Worldwide Property Group highlights the Turkish capital of Istanbul as offering particularly good property investment opportunities, on the back of soaring tourism levels.
The new city tourism index developed by MasterCard Worldwide shows that tourist volumes in Istanbul having increased by 30per cent so far in 2011 compared to the same period last year.
Kevin Wilkes, Managing Director of the Worldwide Property Group says: “It’s hardly surprising that investors are looking beyond the UK for places to invest. Many overseas regions are providing very strong potential returns, the USA being a prime example.
“With some incredible potential for property investment overseas mixed with increasing ease of purchasing a foreign property, people are finding they have much greater choice, and the UK now has some strong competition.”
Use our property search to find yourself an overseas property
Written by: A Place in the Sun Wednesday, July 27, 2011
|
|
Turkey Tipped To Be Holiday Hot-Spot 2011 |
.Turkey Tipped To Be Holiday Hot-Spot 2011 - Why not consider purchasing property in Turkey
WHEN THE TOURIST MARKET BOOMS THE PROPERTY MARKET FOLLOWS .............
A joint report by ABTA (Association of British Travel Agents) and the Foreign and Commonwealth Office tips Turkey as one of the holiday hotspots for 2011.
The Travel Trends report states that the number of tourists visiting Turkey rose by 32% last year and that this trend is set to continue. As the dismal performance of the pound against the euro continues, the report goes on to suggest that holiday bookings are likely to favour those destinations outside of the eurozone.
While Spain will always have a place in the heart of many Brits, more and more holidaymakers will be seeking out Turkey this year for its superior climate. Furthermore and more importantly for some, because it is a non-euro destination, spending money will go a lot further. In the past year, 27 million tourists have taken time out in Turkey to enjoy the sun, sand and famous hospitality. With the longest and cleanest coastlines on the Mediterranean, more and more people are opting for the great value offered by this diverse, culture rich country.
Up until recently, the majority of Brits have been attracted to the south-western coastal resorts, particularly Bodrum, Marmaris, Fethiye and Kusadasİ, this is largely due to the fact that it is these resorts that occupy the Turkey pages of most of the tour operator brochures. However, more and more people are venturing further east, particularly to those areas around Antalya. There are a number of attractive, cosmopolitan resort towns in this region, notably Kemer in the west and Side and Belek in the east.
However, there is another coastal resort town (approximately 1 and a ½ hours drive east from Antalya) that is arguably the most attractive on the whole of the Turkish Riviera. Dubbed the Pearl of the Turkish Riviera, Alanya is a relatively new discovery for Brits, although the town has been popular with the Scandinavian and Benelux countries for a while now.
With its fabulous golden beaches sloping gently down into the Mediterranean and the spectacular backdrop of the Toros mountains, the scenery and landscape of Alanya is at least the equal of its Aegean counterparts.
The town experiences a typical southern Mediterranean climate with over 300 days of sunshine per year; the mountains protect the town from the cool southerly winds, making it possible to bathe in the sea for 10 months of the year. There are two main beaches, Cleopatra on the west side of the town and Alaadin Keykebut to the east. There are many bars and restaurants either on or adjacent to the beaches and a wide range of watersports are available. The marina is filled with colourful gulets and yachts of all sizes and there are bars and restaurants lining the promenade, offering fresh seafood and international cuisine. There is second marina on the western side of the town with capacity for 287 boats (fully operational from May). Alanya castle, built in 1221 and located almost 300 metres above sea level, crowns the rocky promontory on which most of the old town was built. With its walls extending for some 6,500 metres, the castle dominates the skyline and is without doubt the most dominant feature of the town.
There are currently around 14,000 non-turkish owners of property in Alanya; of these, just over 1000 are Brits, many of whom have made Alanya their permanent home. At present, Alanya is served only by Antalya airport; however, the new Alanya airport ( located in Gazipasa), opened for business in June, reducing transfer time down to only 40 minutes. Once international flights are given the go-ahead (expected later this year), overseas property investment in Alanya is expected to increase substantially. The real estate sector continues to impact positively on the turkish economy, with Alanyan properties realising an average 3 year growth of around 16% per year. That said, property prices continue to remain relatively low when compared against other european destinations.
Source ABTA (Association of British Travel Agents)
|
|
Turkey is one of the World's top 5 countries to invest |
.World's top 5 countries to invest
Amani AmbaniJuly 09, 2010 China, India, Indonesia, Brazil and Turkey's economies are the most powerful engines to drive the global economy to stability said Sahit Muja the President & CEO of Albanian Minerals in New York.
Mr Sahit Muja said "China, India, Indonesia and Brazil were able to keep growing throughout 2008 and 2009.
China´s economic growth is estimated to record 10 - 11% percent annually on an average between 2010-2015"
"The Indian economy is poised to grow by double digits annually from 2011-2015.
Brazil's central bank this week upped its growth forecast for 2010 to 7.3 percent. Indonesia' economy is expected to grow 6.5 % this year.
Gross domestic product in Turkey increased an annual 11.7 percent, compared with 6 percent in the previous three months. Turkey have second fastest growing economy in the world in 2010".
Mr Sahit Muja said "China´s 1.32 billion population is a huge market for international and domestic demand for food, energy, oil, natural gas and metals. China have a strong driving demand for housing to meet the needs of 100 million people. Real estate demand in China will continue to grow because of migration of rural population to urban this will continue to drive housing demand, rather than a growing population as in countries like India, Brazil, Indonesia, Turkey and large parts of the Middle East. India's population in 2010 is around 1.15 billion people. Currently, India is second largest country in the world after China in terms of population. Population of India at the time of Independence was only 350 million. Indonesia's population is 235 million and growing. Brazil's population is 193 million and Turkey's population is 73 million one of fastest growing in the world".
|
|
Discover the Delights of Turkey Property |
.Discover the Delights of Turkey Property
Turkey has been highly sought after as a holiday destination for a long time with around 25 million tourists flocking to the stunning beaches along the Turkish coast each year. The beautiful climate and exotic quality of life help to make Turkey a location that is much in demand.
The profile of Turkey has been greatly improved due to a large increase in media exposure, Turkey property is in great demand and Turkey itself is at the start of a predicted property boom. Turkey's current status as a candidate for membership of the EU with likely inclusion as a full member in the near future has added to the overwhelming interest in properties in Turkey.
Turkish property still offers enormous potential for returns on investment. Last year alone, property prices rose by around 50% with more people looking to purchase homes in Turkey. This extra demand is set to push prices up drastically.
Taking into consideration the country's many attributes, Turkey can hardly be rivaled in any other investment location with similar assets.
Turkish Property Market Overview
Since its application for EU membership last year, Turkey has received a flurry of foreign investment, particularly from Dubai, which will go towards fast improvements to its infrastructure, in readiness for EU inclusion over the next ten years.
Corporate investors are creating new resorts, golf courses and other tourist facilities, while public funds are targeted at improving roads and airports and these are clear indications of a growing tourist economy that will greatly boost capital growth for today's property investments. In fact between 2004 and 2005, tourist figures increased by a massive 22% and continue to rise - all good news for holiday homes and buy-to-let investments.
The most popular spots for tourism and property purchase are along the Aegean and Mediterranean coasts and over the past eighteen months, the number of Britons owning property in Turkey has jumped by more than 200%. It is now possible for foreigners to obtain a local mortgage, further encouraging this emerging market.
All indications show that investment property in Turkey is a wise option today; properties are still unbeatably good value and the tourist industry grows while Turkey gears itself up for eventual EU inclusion.
Investment Property in Turkey
Property in Turkey is highly attractive to international property investors who can see good potential for solid return on investment.
In a location such as Turkey, with stunning natural assets, and imminent membership of the EU, the country has generated much interest. EU membership traditionally generates large increases in property values and investors are keen to buy property in the prime locations whilst prices are still low.
With the huge growth in tourism and already 25 million visitors per annum (up from 14 million in 2004) "Buy to Let" investors in Turkey enjoy huge rental demand for accommodation and this demand is set to grow.
You can find out more about Turkey property investment in our Investment Section. The IPIN (International Property Investment Network) selects property investment opportunities in Turkey and makes them available to all members.
Reasons why property in Turkey is a good investment
• Turkey is just entering the EU process which means there remains another 5-10 years of European investor interest in property.
• Turkey is just at the beginning of a property boom.
• Turkish economy is very strong with 6.1% GDP growth in 2006.
• Stunning beaches and climate make it a very popular holiday destination.
• You can still find excellent front-line properties for excellent value for money with high capital growth potential.
• Turkish summers are a lot longer than in many other EU destinations, offering more hours of sunshine per annum.
• Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for re-sales.
• Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.
• Over 25 million tourists visit Turkey each year boosting the property market and creating strong "buy to let" possibilities.
• Low cost of living and long summers make it a favorite retirement spot for the Europeans.
• Huge golf tourism evolving in Antalya which will increase the value of any investment Turkey offers a modern infrastructure.
• Turkey is considered to be a highly dynamic country by the World Trade Organisation.
• Land prices are on the increase while the property market evolves.
• No capital gains tax after 4 years.
Homebuyers in Turkey
It's not just property investors who are showing a strong interest in Turkish property at the current time. Due to the low cost of living and beautiful natural resources Turkey is also an appealing location for second homes and even a hotspot for relocation.
Many people are leaving the so called "rat race" of the major cities around the World and moving to Turkey. The weather also makes Turkey and property in Turkey a popular retirement destination.
Turkey Property Hotspots
THe most popular searches for Turkey property are for Bodrum property, Dalaman property, Gocek property and Fethiye property. Many people are also now searching for Alanya property and Antalaya property.
Turkey is an attractive investment to purchasers looking to catch an emerging market from the start while Turkey is on the verge of becoming a mainstream international holiday destination. With EU inclusion possible well within the next ten years, Turkey represents strong investment potential, particularly for Buy-to-Let strategies.
Natural and Cultural Factors
• Stunning beaches and climate make it a very popular and well tested holiday destination.
• Turkish summers are a lot longer than in many other EU destinations, offering more hours of sunshine per year.
• Turkey has a huge population of 70+ million. This creates a strong internal property market so that investors are not completely reliant on international investors for resales.
• Turkish population growth is around 2% per annum with 70% of the population younger than 30 years of age. This creates a strong local market.
• Low cost of living, long summers and relaxed lifestyle make it a favourite retirement spot for Europeans.
Economic Factors:
• Stunning beaches and climate make it a very popular and well tested holiday destination.
• Turkish summers are a lot longer than many other EU destinations offering more hours of sunshine per annum.
• Turkey has a huge population of 70+ million. This creates a strong internal property market meaning investors are not reliant on international investors for resales.
• Turkish population growth is around 2% per annum with 70% of the population younger than 30, this creates a strong local market.
• Low cost of living and long summers make it a favorite retirement spot for the Europeans.
• Life in Turkey is easy and inexpensive
|
|
|
| |
|
|
|
|
|
