Turkey’s No Lame Duck According To IN2 property investments

Only a few years ago Spain was the place to buy, but as over-development saw the market slump, it has become the lame duck of the property world.
 
March 26, 2008 - PRLog -- According to overseas investment property experts IN2 property investments, Turkey is now the destination of choice for those wishing to invest wisely.

With its sunny climate, exotic culture and beautiful views, Turkey is in the Top 10 Holiday hotspots worldwide attracting almost 24 million visitors last year. For investors in overseas property, this translates into fantastic rental opportunities with the promise of short term holiday lets for the considerable future. Thanks to a burgeoning city break culture, a diverse blend of city and coastal investment is an alluring and lucrative prospect, all neatly tied up at the heart of the Euro-Asia region.

Unlike many emerging markets, Turkey has actively encouraged foreign ownership, going as far as introducing a new regulatory system on foreign, freehold ownership of property to encourage overseas buyers and making western-style mortgages more readily available.

Mr. Remco Krijnen, investment specialist at IN2 property investments said, “Already investors in some areas are seeing property values rise by 20% over a one year period. Demand is fuelled by cheap travel and improved flight times from a host of carriers and excellent returns. For many of our investors, buying property in Turkey is beginning to seem like the ideal way to add Euro-Asian diversity to their portfolio while still enjoying the many benefits ownership in an emerging market brings.”

Unlike Spain though and wary of past over-ownership by foreign nationals, investing in property in Turkey by outsiders is restricted to 25,000m (6 acres) each. With special dispensation from council ministers this can be increased to 300,000m per person, which it is hoped will enable the market to grow steadily and not be subject to the same lows as other foreign investment markets.

Current figures show, that of Turkey’s 70 million inhabitants, half are under the age of 28. With the growth rate of the country at 1.04% this means that not only does Turkey offer the high returns of the more variable tourist market but can provide a stable home rental and resale market.

IN2 property investments’ Commercial Director, Mr. Paul Morrant, says that this is another sign that Turkey is a rising star in the overseas property investment market. “As rich in heritage as it is in breath-taking beaches, Turkey can offer overseas buyers a real sense of security. With its mix of cultural influences and sultry summers that extend from April through to October, Turkey is suitable for investors and second-home owners alike.”

Specialists in worldwide investments, IN2 property investments use their expert knowledge to tailor advice that is right for you, from first-time investors through to full-scale developers. For more information on investing in Turkey or for worldwide advice go to www.in2propertyinvestments.com

Editor’s Note: IN2 property investments is represented by online advertising consultancy, Top Position. Please direct all press queries to Rebecca Appleton. Email: Rebecca@topposition.co.uk or call: 0800 094 9001.

Website: www.in2propertyinvestments.com
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