Everyone's loving Turkey

Friday, July 02, 2010

Everyone's loving Turkey

Demand among Brits for homes in Turkey has soared in recent years, due to greater affordable property prices, a cheaper cost of living, and the introduction of low cost airlines from the UK.

The Land Registry's data compliments an earlier report this week by Global Property Guide, which showed that the Turkish property market is growing increasingly popular with British property investors, due to the high rental yields achievable and the strong prospects for capital growth in the country.
Commenting on the Land Registry's figures, Steven Worboys, managing director of Experience International, says: “We have certainly seen the Turkish property market go from strength to strength. Overall, the number of foreign property buyers has increased by nearly 30 per cent, from 73,000 in 2008 to 104,000 today with the British market accounting for the largest group of buyers.”
Over 14,000 Britons now own properties in the Mugla province, which is home to popular towns such as Bodrum, Marmaris and Fethiye, Worboys reports.
Other destinations such as Istanbul, Dalaman, Altinkum, Antalya and Belek, are also traditionally popular places to buy property in Turkey, as far as Brits are concerned.


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