A foothold in the Mediterranean area

02 July 2008

Turkey is a "fresh market" and one of the favourite destinations in the Mediterranean for property buyers looking for a place in the sun.

Mark Wilson, product acquisition manager at Propertyshowrooms.com, said: "Turkey has a lot of potential, in terms of location, flights and infrastructure. It's been a popular resort destination for a number of years."

Temperatures in the Bodrum area, which is situated on the western coast, reach around 21 degrees C in April when in the UK the average temperatures struggle to go past the 11 degrees C mark, making of Turkey an ideal sun spot close to home.

The year-round sunshine destination is indeed only five hours away from London, the equivalent of around five to six commutes in the capital.

Research from the Turkish embassy in London has shown that almost 17,500 UK citizens owned real estate in Turkey in 2006, compared to 2,964 three years before.

Property prices in Turkey have increased by almost 40 per cent in just two years according to New Turkish Properties, and the market is expected to carry on flourishing this year.

Also in the news...

• Longer mortgages for Turkey
• Insurance issues arise for senior travellers to Turkey
• Turkey benefits from the value of the Euro
• Turkey: full member of the EBRD
• Turkey cleans up the air
• Queen supports Turkey's entry to Europe
• The diversity of Turkish food
• Turkey ranked tenth for 2007
• Avoid the strong Euro this summer

News Archive

• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007

Print Page

Bookmark Page

Email Page

Back to Top  |  Make Enquiry