Bodrum offering established resort at emerging market prices
Turkey offers great potential for growth of house prices and rental demand, but investors have been warned to choose the location carefully and be mindful of build quality.
Economic figures for Turkey have shown steady and substantial growth in recent years, and a developing tourism market makes it an attractive country for investment property.
However, Rhiannon Williamson, director of Amberlamb, has warned that it is a "market to approach cautiously". She said: "Build quality is a very serious issue that needs to be considered, as is the location of a property so that a buyer can ensure the long-term attraction of that property remains."
The upmarket tourist destination of Bodrum has been identified by numerous investors as an area with excellent potential for returns given its position as an established resort with emerging market prices.
Prices remain affordable despite property price rises of around 40-50% in the past few years as a result of infrastructure investment.
Bodrum also has a growing expatriate community with around 2,000 Britons moving their in the past 6 years.
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