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Property in Turkey has long been a favourite among holiday-home buyers but its recent emergence as a global real estate player is now positioning it as an investment hot-spot. According to one investment firm, Colordarcy, the Turkish property sector “continues to offer ever-greater opportunities for investors”, reports House Sales Turkey (http://www.housesalesturkey.com/)

Turkey has made huge strides as a country in recent years, growing economically, stabilising politically and establishing a reliable and reputable banking system. A by-product of the country’s bid to enter the EU is the modernisation of the country and a widening of its appeal around the world. All of this has fed positively into the market for real estate in Turkey, making it of interest not just to lifestyle purchasers but also to investor clients.

Managing Director of Colordarcy, speaking to ‘A Place in the Sun’, says that Turkey “although relatively new to mainstream overseas property investors, has now become one of the 'European' property thoroughbreds', supported by a stable banking system and economy, along with increased transparency”. He goes on to make the point that as much as 60% of Turkey’s population is under the age of 34 and increasing in wealth, which is driving demand for new property in Turkey to rent and buy. “Low taxes and incentives, a large domestic market and a customs union with the EU since 1996 have all added to the cause and helped in the long term with predictable inflation rates and consistent [Turkey property] prices....As Turkey progresses along the road to EU membership, the essential legislative reforms introduced have made investing in the real estate market even easier and more profitable. The amendments to the Land Registry Law, the revised Mortgage Law and the redrafting of tax laws are also designed to improve the competitiveness of the Turkish real estate sector.”

Long gone are the days when the Turkish overseas property market was driven purely by those wanting villas in Turkey for personal use. The recent reforms the country has enjoyed is now placing Turkey firmly on the map for investors.
To view the latest investment and lifestyle properties in Turkey, visit http://www.housesalesturkey.com/