Property Investment Opportunities in TurkeyTurkey has one of the most open, dynamic and internationally integrated economies in its region. The country looks set to either join or closely converge with the EU by 2015 – a situation that traditionally pushes up investment property prices.
Turkey rsquo;s population is growing by 2% per year. Seventy per cent of the population is now under 30 leaving Turkey with a severe housing shortage. The recent arrival of mortgages has led to another increase in investment property prices as Turks and foreigners take advantage of the new finance options.
With over 300 days of sunshine a year Turkey is a hugely popular destination for tourists who increase the rental demand for quality investment property. It’s no surprise that many comparisons are being drawn between Turkey’s investment property market and that of Spain 20 years ago.