You should know why Turkey is a place so conspicuous for shopping and a perfect investment for anyone who decides to take the plunge. Then you will know the main reasons why we believe that this is a unique opportunity for people who are interested in buying a property abroad.
• The Turkish property market is witnessing the early stages of a massive boom generated by a major change in the law related to home ownership by foreigners. This change took place in early 2003 and since then, the value of the property has been rising.
• It is also happening in other Mediterranean countries. These countries are becoming increasingly expensive, so the spotlight turns on Turkey.
• The main promoters of the Mediterranean area have already begun to take great interest in the acquisition of land and properties in Turkey, wishing to take advantage to their competitors and gain the largest possible land area.
• Overall, the Turkish economy has begun to embrace an astonishing interest in investment from abroad, as the Turkish government aims to harmonize the laws and regulations in the same line as in Europe, all as a beginning for become a member of the European Union in the near future.
• The previous point test is given by Tesco, a company that has acquired a large supermarket chain in Turkey. Five Turkish banks are already involved in it, such as eg HSBC and Citibank. Manufacturers of large European car firms are also building large facilities in Turkey, which has contributed to rising property prices.
• Similarly, the number of Britons who own property in Turkey has been significantly improved in less than four years and reached approximately 15,000, compared with less than 3,000 since July 2003. This fact is clearly encouraging for future investors.