Turkey attracts strong property investment interest

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Turkey’s popularity among overseas property investors is only heading upwards as the country boasts good flight access, is located outside the euro zone and has an emerging economy.

Since 2000, the total number of visitors to Turkey has soared, which is good news for potential property buyers who are looking at properties that will receive strong rental income.

Turkey is also outside the eurozone which is attractive to cautious property buyers, and the growing economy and improved flight access make the Turkish Coast a current hot-spot.

Reports have shown the coves and bays of southwest Turkey are the most sought after locations in the whole region.

The southwest area of the country offers a lively nightlife and marinas, which attract holidaymakers and property buyers alike.

The town of Fethiye is particularly popular for its good quality restaurants, four modern marinas and its famous fish market.

Aykut Kilinc of property agents Place Overseas, said: "Seventy per cent of buyers in Fethiye come for the strong rental returns with £7,000 to £13,000 the average annual rental locally."

"To maximise returns I suggest a four-bedroom villa close to amenities. Moorings and living costs in Fethiye are cheaper than in Göcek, another reason why people are moving here."

Kalkan is also a popular location and is generally seen as the more sophisticated side of Turkey as it has a number of classy boutiques and harbours.

Transferring money to Turkey

If you are looking to invest in Turkey, think carefully about how you will send money abroad to Turkey. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Turkey – which is probable if you are intending to make a property investment, be sure to compare the market before you buy your overseas currency.

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Turkey attracts strong property investment interest

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