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Vantage Turkey specialises in marketing Turkish property in the UK and Ireland. We invite you to explore exciting opportunities in this breathtakingly beautiful country.
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Whether you are looking for a family retreat or a return on your investment, the Vantage friendly and professional staff will be glad to help. Our team consists of both British and Turkish property, legal and financial experts, who will guide you and support you through every stage of selection and purchase process.
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Why Invest in Turkey?
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Inspection Trips
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| * Very competitive prices |
| * At least 300 sunny days |
| * Excellent Blue Flag beaches |
| * Amazing and unspoiled nature |
| * Low cost of living |
| * Warm and hospitable hosts |
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. . . more
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From £99!!!
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Tailor-Made Inspection Trips at Low, Subsidized Prices!!!
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. . . more
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Turkish Property Market - Letter from the Managing Director
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Dear Sir / Madam,
I am honored and privileged to be the Managing Director of one of the leading
marketers of the Turkish property in the UK and Ireland. I feel that one of my
key responsibilities is providing you with relevant information. Hence, please
find enclosed some of my thoughts and insights regarding this market.
Turkish property has recently become increasingly popular among British seeking
holiday homes. Many Britons will also buy properties in Turkey purely as
personal investments, in order to benefit from this fast evolving market. In
spite of Turkey being one of the most hotly tipped investment hotspots, the
property prices are still low and the tourism market is expanding rapidly.
There is a number of very good reasons why so many foreign buyers are interested
in investing in Turkish property. Reduced tax rates, privatisation bids, the
start of accession talks with the EU and economic growth are only a part of the
story. Growing economic stability, as well as the recently launched EU accession
process, have spurred an unprecedented increase in foreign investment in Turkey.
Direct foreign capital inflow into Turkey rose 239 per cent in 2005, reaching
GBP 9.65 billion.
The Turkish government finished equalizing property buying rules for foreign
nationals with the rules applicable to Turkish nationals in October 2005. By
January 2006, the number of foreigners owning property in Turkey reached 70,000,
with 20% of them being British. This figure is expected to rise by more than
10,000 each year for the next 5 years. It is estimated that foreign nationals
will spend more than GBP 1 billion on buying property in Turkey in 2006.
Turkish coast continues to be where most foreign home-buying takes place. In
fact, considering the length of Turkey’s coastline, there is a relatively small
number of hotspots. While the ongoing boom is leading to the development of
other locations, some main buying areas still lead the way. The fastest growth
has been seen in the areas around Bodrum, Antalya, Alanya, Marmaris, Kusadasi and
Fethiye, but even in these areas the prices are still substantially lower than in Spain or Greece.
Relatively unexplored options include the so-called Olive Riviera around the Bay
of Edremit in the north Aegean, Datca Peninsula and the Black Sea coast.
Due to its geographic location, Turkey has always found favour throughout
history, and is the birthplace of many great civilizations. It has been a
prominent centre of commerce because of its land connections to three continents
and the sea surrounding it from three sides. Turkey has a stunning coastline,
beautiful countryside, warm springs and hot summers. There are incredible 174
beaches displaying the coveted Blue Flag. Fans of all things nautical will fall
in love with many stylish marinas and secluded bays, best viewed from the deck
of a traditional wooden Gulet. Snorkeling over sunken ancient sites is not 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 over the next four
years.
The construction has already started on one of the biggest golf projects. It is
located on the Bodrum Peninsula and it will be the first golf development in the
South West of Turkey When completed, it will be the only golf course within a
200km radius. The project includes an 18 and a 9 hole course, with an additional
3 hole golf academy. The materials and designs used will meet the top standards.
The course is expected to host a PGA tournament within three years.
Turkey joined the UN in 1945 and became a NATO member in 1952. Modern Turkish
society is one of the youngest in Europe (over a quarter of the population is
aged under 15) and is increasingly dynamic in nature. The economy has seen
significant growth in the last couple of decades. The traditional core industry,
textiles and clothing, remains Turkey’s biggest earner, although service-sector
businesses have been growing rapidly. While 99 per cent of the population is
Muslim, the secular state guarantees freedom of religion to all its citizens.
In December 1999, Turkey achieved a symbolic victory in its long march towards
Europeanisation when it was accepted as a candidate for the membership of EU. In
October 2005, Turkey started negotiations with the EU, with the view to become a
full member.
There is no doubt that the property prices will be rising on the way to full
membership. It is expected that the Turkish prices will match those of EU
countries in the next 5 to 10 years. Economic growth, coupled with the start of
the accession negotiations with EU, resulted in the explosion in the foreign
investment. The increased interest in Turkey has been rubber-stamped by the
renowned low-cost carrier EasyJet. EasyJet is starting to fly to Istanbul from
its base in London this summer, thus boosting Turkey's potential as a minibreak
and holiday home destination for sun-starved Britons.
We in Vantage Turkey are trying to provide the best possible service to our
customers. We are working with the most reputable developers in Turkey. Most of
our customers are British and Irish, but we also receive a lot of enquiries from
other Northern European countries. As the market develops, rising prices in the
main coastal hotspots will lead to the creation of new buying zones and the
country’s dramatic levels of affordability will probably remain intact for some
time. With the path into the EU, Turkey is likely to occupy its place at the
head of the European emerging markets for a long time. The introduction of the
mortgage system, expected in 2008, will result in a substantially increased
domestic demand, thus ensuring even further capital appreciation.
If you have any questions or require more information, please do not hesitate to
contact me, or any other member of the Vantage Turkey team.
Sincerely yours,
Alper Apaydin,
Managing Director,
Vantage Turkey
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