British lead the way in Turkish Property
According to data provided by the Land Registry General Directorate and reported in Turkish Daily News, from Jan. 7, 2006 through to mid April, the total number of properties sold to foreigners was 1,206.
More and more different nationalities are purchasing in Turkey. The figures show citizens from 24 countries bought real estate there, though British buyers are still the most committed to Turkish property. During the period in question 588 British citizens, most preferring the south of Turkey, bought 420 pieces of real estate, followed by the Germans, Irish, Dutch, Norwegians, Belgians and Greeks.
The sparkling coast of Turkey and beautiful surrounding countryside have long made Turkey a favourite holiday destination for many European tourists. Today, increasing numbers of property investors are choosing Turkey as their preferred location in which to purchase a holiday home.
It is estimated that in excess of an amazing 21,000 properties have been sold within the past two years in the Aegean coastal areas of Fethiye, Bodrum, Didim and Altinkum. Purchasers are predominantly from The United Kingdom, Ireland, Germany and Holland.
While Turkey steams on ahead with improvements to its infrastructure in readiness for joining the European Union, it fully intends to entice a good deal more foreign investment in the near future. The introduction of the overseas mortgage now available in Turkey is a timely addition to Turkeys attraction as a great property investment location. This is the first time overseas mortgages have been on offer in Turkey and the move will doubtless enhance Turkeys position on the property investment map, not to speak of further boosting its ever-growing tourist economy.
Turkish Property News: Source – Turkish Daily News