Top overseas property programme and magazine 'A Place
in the Sun' reported on November 29th 2010 that property in Turkey is "going from
strength to strength", House Sales Turkey (http://www.housesalesturkey.com/) can
reveal. The piece said that the property market's rosy future was due to a
combination of a growing tourism sector and a healthy economy.
'A Place in the Sun' has been helping overseas
property purchasers find the best property hotspots around the world for the
past few years, tipping viewers and readers on the best emerging markets and
advising them to avoid those markets set to slump. The property experts at 'A
Place in the Sun' are currently favouring real estate in Turkey as one of the
best bets around the world. The piece which appeared on the property
programme's website www.aplaceinthesun.com
explained how Turkey's burgeoning tourism sector is helping to boost property in Turkey: "A growing
number of Brits having been holidaying and buying homes in Turkey in the recent
years as an alternative to more expensive Eurozone destinations, due to the
country's proximity to the UK, warm weather, cheaper property prices and
property investment prospects."
It went on to explain that the country's strong
economic outlook was also helping bolster real estate in Turkey. The
Organisation of Economic Cooperation and Development (OECD) predicts that
Turkey's economy will become the 12th largest in the world and that
2010 will see the country enjoy economic growth of 8.2%. The article also
stated that some of the most hotly tipped property in Turkey was in Istanbul,
saying it was proving to be "more resilient compared to other major cities
around the world, despite the global economic meltdown. Long-term prospects for
the city's residential property market continue to look positive, with
residential demand continuing to outpace supply. It is projected that around
250,000 new homes are required annually in Istanbul over the next five years,
and yet less than 200,000 new residential properties are currently being
delivered each year."
If you would like to take advantage of a property
market which is on the up, whether you're looking for villas in Turkey to use as a
holiday home or city apartments in Istanbul for investment purposes, check out
the latest property listings at http://www.housesalesturkey.com/.
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