Why invest in Turkey
Introduction
In 2003 Turkey has liberalized its real estate market for foreign buyers. So far more
than 45.000 estates in Turkey have been purchased by foreigners. In 2006, it is expected
that more than 15.000 foreigners will buy in Turkey. British, Irish, Germans, Danish and
Dutch are at the top of the list of nations interested in buying in Turkey.
One of the main reasons why investors consider Turkey is that prices in Turkey are still
well below the EU average. When Turkey joins European Union, property prices will most
likely reach near European levels. The prices in Turkey are similar to the prices in Spain
10 years ago. The potential for returns on investment in Turkey’s coastal resorts are
enormous. With many excellent facilities, English widely spoken and the liberalization
of the rules allowing foreigners to own Turkish real estate, this boom is likely to run
for many more years.
The time to buy property in Turkey is now. Turkey is becoming the best destination in the world
to invest for property value growth. In Vantage Turkey we are working with developers only if
they have existing finished developments. All the properties in our portfolio are ideally
positioned to benefit from the projected capital growth of 50% in the next year. Most of
them offer rental guarantees of 7% or more per annum. The Property Boom along the Turkey’s
west and south coast has just started and we urge you to consider it seriously.
Let’s have a look at some facts:
If you want to achieve extraordinary returns . . .
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Turkey was voted the 3rd best destination in the world to buy property.
(A Place in the Sun - Channel 4 television) |
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Turkey was voted the best destination in the world for affordable, high earning growth.
(A Place in the Sun - Channel 4 television) |
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Turkey was voted the number one place to invest by International Property.
(Inside Track Magazine) |
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Turkey welcomed 20 million visitors in 2005. It is the 3rd most popular holiday destination in Europe. |
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In 2006 Turkish tourism is set to grow by 25%, making Turkey a great place for rental income. |
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Land prices have doubled in the most popular areas during 2005 and property
prices have risen by 30% to 40% in the last year alone. |
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Current prices of properties with comparative build quality, are similar to what they were in Spain in 1996. |
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Property prices along the Turkish west and south coast are increasing at 2% per month. |
If you want to spend holidays, live or work in Turkey . . .
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Very competitive prices |
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At least 300 sunny days per year |
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Excellent Blue Flag beaches |
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Amazing and unspoiled nature |
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Low cost of living |
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Warm and hospitable hosts |
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Environment full of culture and history |
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Foreign investment-friendly tax regime |
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Customs union with EU since 1996 |
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Double taxation treaties with 39 countries |
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Candidacy for the European Union membership, with ongoing negotiation |
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Very liberal investment climate, including free international movement of capital |
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Large, inexpensive pool of skilled labour |
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Modern infrastructure |
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The World Trade Organization considers Turkey to be one of the most dynamic economies today |
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