Why invest in a property in Turkey?

In terms of property prices, it is expected that Turkey will see the same growth and development in the coming years as Spain has during the last two decades. In 2004. Property prices in Turkey are increased 30% and even doubling in coastal areas. In 2006. Real estate in Turkey was a bargain. Investors went berserk.

With the low-cost airlines servicing Turkey, give added cash incentives to potential buyers-the flight will take four or five hours from Heathrow. This is ingenious on their part. It's the perfect way to entice foreign investors into Turkey with cheap travel .Not only that, what you can see is that the more popular Turkey becomes, the more value is assigned to the properties. It is not just the coastal areas-the cities are seeing more and more tourism and foreign buyers.

David Cox of Property Frontiers says in a press release, "Turkey is experiencing economic development outside coastal areas and investment in Istanbul and Ankara is becoming increasingly viable. However, I expect the major hot spot to be on the coasts where the market has performed very well and it is expected to continue to do so."

As Turkey becomes more tourist-friendly and its economy reflects the 2005 growth, you'll begin to see a trend heading east, Muslim culture or not. Keep in mind that Turkey is a secular Islamic state, and thus relatively safe.

Of course, you must always beware dealing with foreign regulations, contracts, and the like. And English-speaking lawyers and financial advisors are always recommended when buying property outside your own country. Pink Property Investments has an office in Turkey with both English speaking and Turkish speaking staff.

House prices in the UK are falling and it is increasingly difficult to get a mortgage. In Turkey it is now possible for foreign buyers to obtain a mortgage, and with property prices set to rise now is a good time to invest.

Now that Turkey is seriously considering becoming a part of the EU and the upward rising levels of foreign investment received in Turkey from GCC nations and Arab investors is quite apparent, interest and curiosity is piqued, and not just in Europe.

Not to forget that all this investment leads only to further investment, meaning that Turkey is quickly becoming "one of the most strategically interesting nations from an investment (and not just property) perspective," according to an analyst from Shelter Offshore.

Although Turkey has obvious been a vacation hot spot for decades, bringing close to 25 million tourists in to the pristine beaches on the coast every single year, we are just beginning to see a demand for investment property. Turkey's image has thankfully blossomed due to more media exposure, and the property boom is something that cannot go unnoticed by the keen investor.

Turkish property still offers enormous potential for returns on investment. In 2007 property prices rose by around 50% with more people looking to purchase homes in Turkey. This extra demand is set to push prices up dramatically. Turkey can hardly be rivaled in any other investment location with similar assets.

Pink property investments have assisted a number of clients to purchase investment properties in up and coming areas in Turkey; Hisaronu, a lively holiday location surrounded by a number of shops and restaurants, Ovacik, five minutes stroll away from Hisaronu with quaint Turkish restaurants, Uzumlu which is on the outskirts of Fethiye, beautifully green area which boasts charm and serenity for nature lovers. Akbuk, The working fishing town of Akbuk is nestled between a crystal clear and tranquil bay and majestic mountains and pine forests. For more information tel: 0044(0) 1928 77 55 49