With a relatively thriving economy, burgeoning tourism industry and a promising Olympic bid in the pipeline, Turkey is starting to look like an attractive option for investors. The country has successfully managed to avoid much of the complications experienced by eurozone nations since 2008 and, as the weaker pound is now making Europe unappealing to UK buyers, investors in Turkish property could likely be coming from the UK.

Combined with the fact Istanbul's third 'mega' airport looks set to be operational by 2017, boasting a capacity of 90 million passengers a year, now is certainly the time to invest in Turkish real estate for the British. This is especially true for those considering entering the holiday let market. With the new airport's six runways capable of handling 150 million passengers a year - more than any existing airport globally - the country is likely on the verge of a tourism boom. For investors, this presents a wealth of new opportunities.

The airport will also strengthen the country's bid to host the 2020 Olympic and Paralympic Games. If successful, this will place Turkey very much in the spotlight and increase investment in the region. Julian Walker, director at Turkish property specialist at Spot Blue, stated: "Given how much is happening, it's hardly surprising global financial institutions continue to highlight the potential of Turkish real estate. Recently, accountancy firm Ernst & Young ranked Turkey the second most attractive market for investors in its 2013 European Real Estate Trend Indicator report and PricewaterhouseCoopers ranked Istanbul number one for Development Prospects in its 2013 Emerging Trends in Real Estate Europe report."

Currently, property prices also remain relatively reasonable and you can buy a new apartment in an Istanbul suburb for less than £60,000. However, as the country rises to prominence, real estate values are likely to rise, meaning investors must strike soon to take advantage of the existing climate and upcoming events. Mr Walker stresses that even without the Olympics, Turkey will prove to be very popular in the coming years.

source: http://www.propertyshowrooms.com/turkey/property/news/is-now-time-for-brits-invest-turkish-property_312665.html


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