The ´Credit Crunch Bolt-hole´ in the sun
Don’t put your dreams of buying an overseas property on hold. Described as the ‘Credit Crunch Bolt-hole’ by The Times*, Turkey has great value property in the coastal resorts from as little as £35,000 and proven capital appreciation rates of 15-20% per year in the best areas. Whether for investment or fantastic holidays in the sun, Turkish property offers a ray of light in these gloomy economic times.
“Thanks to a rapidly growing economy, increasing tourism and huge investment in the infrastructure of the coastal tourist areas, property in the Turkish resorts represents an excellent investment,” explains Dominic Whiting, editor of the Buying in Turkey guide. “However, like all market’s you need to do your research and choose the best areas.”
Below is a round up of the best value apartments and villas in the best areas on the Turkish coast this summer according to the Buying in Turkey guide.
Gokdere Apartments, Ozdere, from £36,500
Amazing value two-bedroom apartments just 5 minutes walk from a lovely beach in the resort of Ozdere, which is largely undiscovered by foreign buyers. A very high-quality build for the price.
Sun Complex, Altinkum from £40,000
Spacious and well-built apartments in a fantastic location near the beach in the popular resort of Altinkum. Ready for use in August.
Akkaya Gardens, Dalaman, from £46,200
Two-bedroom apartments with stunning views and excellent facilities in the beautiful Akkaya valley. A winner in the Best Turkish Development category of the CNBC Property Awards, these are a great buy for holiday use and investment.
The Melito Villas, Kusadasi, £67,500
These hugely popular four-bedroom villas are fantastic value for money. Walking distance to the beach and with a large pool, they are ideal for family holidays. Proven rental potential too.
Dominic Whiting tells us why is Turkey such a good buy:
· Fantastic scenery, great beaches and friendly people
· A rapidly developing economy with rising income levels and a growing domestic property market
· A major tourist destination, with over 25 million visitors expected this year
· Huge on-going investment in infrastructure and tourism projects, such as marinas, golf courses and airports
· Low cost of living – about 60% lower than in the UK
· Property values are well below the EU average, though rising fast
- 15-20% price increases per year
A free copy of the best-selling Buying in Turkey guide, first published in 2005, can be downloaded at www.buyingin.co.uk
* Bricks & Mortar section, The Times newspaper, Friday July 4th