Property in Turkey has everything going for it. Recent reforms mean that it is very likely to join the European Union by 2015. (This sounds a long time away, but the majority of gains in property prices should occur over the next 5 years).
The only real question is whether the EU membership will go ahead as the EU commission, for the first ever time, have placed qualifications on this potential member-state’s invitation.
My personal view is that nothing short of a civil war in Turkey will stop the ascension going ahead. The membership of Turkey is of paramount importance for the EU – the commissioners are very keen to send a message to the world that the EU is not some sort of Christian club. Also, politically, having a Muslim country inside of the EU is a very important goal.
Turkey is a very moderate Muslim country with a naturally welcoming and warm people. If you speak to anyone who has gone on holiday there you will quickly draw a picture of a nation with plenty to offer and a fine tourism trade.
Take a look at the many ideal locations Turkey has to offer
Turkey is more than a great place to buy a holiday home in the sun. These are other reasons why I believe Turkey will be one of the 5 best performing markets over the next 10 years:
- Planned EU membership
- Economic growth nearing those of the eastern rising stars, China & India
- Large cheap workforce, able to compete with any competitor workforce in terms of industrial output and cost-base
- Very inexpensive cost of housing - currently at levels not seen since in even Spain in two decades.
- Gateway to the Middle East– Turkeywill be very important economically as well as politically once an EU member
- Still a short-haul flight away.
- Number of flights rising; costs are falling.
- Strong predicted growth in tourism, especially from the UK
- Great climate and costal regions
View property for sale in Turkey