turkey property shaping up as favourite for investment in 2010
News Posted On: 06 January 2010
The overseas property industry and global business news is filled with Turkey as the country becomes known as one of the most promising emerging markets expected to see GDP growth of between 3 and 5% next year.
Meanwhile the country has appeared on several charts of best investments in 2010, owing to the strong euro and the fact that tourism is set to rise around the world in 2010.
Turkey received over 28million visitors in 2010 and according to outfits like Travel supermarket.com it is set to be one of the fastest rising tourism destinations in the world in 2010, not least because Istanbul is Europe's capital of culture for 2010.
Combine that with the low property prices, made even cheaper by a weak lira, add the fact that there are more visitors than hotel rooms, and the fact that more and more people are shunning the traditional package holiday and booking their own accommodation and flights online, and 2010 is set to be a very profitable year for owners of holiday property in Turkey. In fact according to recent reports six percent yields have been commonplace on larger villas in 2009.
Turkey is not known for spectacular capital growth, but as we have all seen this is not necessarily a bad thing, its average of 10% per year is strong enough to make any buy to let a good long term capital investment as well.
It is also hoping to make some more progress toward EU membership in 2010, though it is still a long way off. EU membership can only boost tourism and property sales.
View property for sale in Turkey
Back to news articles for this country
Latest Related News Articles in Turkey
South Korean President to Visit Turkey
2012-02-03
The South Korean president is visiting Turkey with the aim of discussing ways to expand cooperation,.....
Turkey Election 2011 Brings AKP Third Term as Expected
2011-06-13
Well, the Turkish election went pretty much as everyone expected it would, a convincing victory for .....
Turkey Property Investment Demand Rises Year on Year
2011-06-02
Before the recession was fully realised, there were plenty of economists and property experts taking.....
Not Just a Purple Patch For Turkey Property Hotspots
2011-05-26
Turkey, it would seem, has finally answered each and every one of its critics. Those who doubted tha.....
Turkey Property Unmistakeable Overseas Property Hotspot
2011-05-23
It can no longer be ignored; Turkey is now one of the hottest markets in the world of overseas prope.....
Turkish Investors Prefer Gold to Banks
2011-04-01
People in Turkey prefer to put their money into gold or cash rather than in banks in spite of reassu.....
Armchair Property Investors Benefit From Stable Turkey
2011-03-04
As is always the case during periods of turmoil, someone or something bucks the trend, and while the.....
Restricted Nations Show Istanbul Property Investment Interest
2011-02-22
A new surge in Istanbul property interest has emerged from restricted nations across the Middle East.....
Tax Efficient SIPP Shines on Turkey Property Investor
2011-02-18
Turkey continues to attract investors especially the Self Invested Personal Pension (SIPP) investor......
Hotel Rooms Provide Sound Istanbul Property Investment
2011-02-03
Hotel room investment in Istanbul - as the country's property market begins to heat up again are hot.....