Why Invest In Turkey Property?

Why Invest In Turkey?

It is widely regarded that now is the ideal time to invest in the Turkish property market. Turkey has started the process of joining the EU, which traditionally makes a huge difference to any property market.

Key Reasons to Invest in Turkey Property

• Growing Tourist Industry: Turkey has a large and fast-expanding tourist industry that looks set to continue to grow, creating even more demand for quality accommodation – ideal for off-plan property investors.
• Beautiful Beaches and Ideal Climate: Turkey is home to stunning beaches and a climate that far surpasses many of Europe’s most popular holiday destinations. Turkish summers are a lot longer than many other EU destinations, offering more hours of sunshine per annum.
• Competitive Property Prices: Property prices in Turkey are highly competitive, and all indications show that Turkish property will appreciate rapidly, especially with the introduction of more flights, mortgages, and a more mature EU application.
• Strong Internal Demand: With a huge Turkish population of around 70 million, there is massive demand for property from within Turkey, so the market is not totally reliant on foreign investment. If Turkey’s EU application is successful, the internal demand for quality accommodation in prime locations will increase even further.
• Young Population: Turkey has a young population, with around 70% of people under the age of 30, creating a strong local market for real estate.
• Tourism Impact: Over 25 million tourists visit Turkey each year, boosting the property market and creating strong buy-to-let possibilities.
• Favorable Retirement Spot: The low cost of living and long summers make Turkey a favorite retirement spot for Europeans.
• Dynamic Economy: Turkey is considered a highly dynamic country by the World Trade Organization, with growing opportunities in various sectors.

Conclusion

Turkey offers an attractive investment environment for both domestic and international property investors. With a growing economy, young population, and increasing tourist demand, the Turkish property market promises excellent long-term prospects for anyone looking to make a smart investment.