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ABOUT TURKEY
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Turkey-Paradise on Earth As the world gets smaller and the palette of destinations on offer for the purchase of a holiday home gets bigger, Turkey is consistently emerging as ‘THE’ place to buy Turkey is home to a hugely varied coastline with superb beaches and so wide is its appeal that a great many Britons are seeking a second home there. The weather and the water hold many of the keys to Turkey’s success as it has a climate not too dissimilar to that of southern Spain and an incredible 174 beaches displaying the coveted Blue Flag. Fans of all things nautical will fall in love with the many stylish marinas and secluded bays best viewed from the deck of a traditional wooden Gulet, while snorkeling over sunken ancient sites is a rare treat. The half a dozen golf courses already in existence along the Riviera are soon to be joined by many more; over 100 are planned for the whole of Turkey over the next four years. Environmentally it is well-equipped for keeping them green. In fact, Turkey has so much fresh water that it floats Aquarius containers full of it to both Northern Cyprus and Israel as an export product. Lovers of more energetic sports will recall Liverpool’s triumphant win in the European Cup held in Istanbul in May 2005 and the welcome addition of Turkey to the Formula One Racing calendar from 2005 onwards. Turkey has a background of innovation and creativity that continues today and the US Department of Commerce has designated Turkey as one of its top ten ‘Big Emerging Markets’ for the 21st century Land prices have doubled in the last 2 years in the most popular areas. Depending on the location property in Turkey has risen in price by 25% to 40% in the last year alone. Demand for Property in Turkey is on the increase as well. Turkey attracts approximately 15 million visitors a year and the tourism infrastructure is very well established. Turkey is the 3rd most popular holiday destination in Europe. In 2005 Turkish tourism is set to increase by 25%, making Turkey a great place for rental income. With many excellent facilities and English being widely spoken and the relaxation of the rules allowing foreigners to own Turkish real estate, this boom is likely to run for many more years. Currently prices are running at 1998 equivalent Spanish prices for a similar build quality. Indications are that with booming demand on properties in Turkish resorts, Turkey's investment in tourism business and EU membership glooming on top, the property market is going to continue to boom and investment today will bring high return in a short time. Just consider these facts: a. If you had invested £100,000 on the stock market in 1994, that investment would now be worth about £118,000 that's 18% growth in round figures, not taking inflation into account. b. If you had transferred the £100,000 in to a pension fund in 1994, it would probably be worth considerably less than £100,000 today after inflation. c. If you had invested in Turkish investment property, your growth over the same period would have been around 568% - and that's AFTER inflation.
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