Brits waking up to the potential of Turkish property

01 July 2008

Britons are turning to Turkish property in increasing numbers as they feel the city offers both excellent value for money as well as a more relaxed way of life than the UK.

At the start of this year, changes in Turkish law meant that foreign buyers are no longer restricted to just short-term mortgages but are able to purchase properties with 30-year loans, while its movement towards EU membership has further increased its popularity among would-be buyers.

Commenting on the country's investment prospects, Mark Wilson, product acquisition manager at Propertyshowrooms.com, said: "Turkey has a lot of potential, in terms of location, flights and infrastructure.

"It's been a popular resort destination for a number of years. And it's not just a resort facility, but also cities like Istanbul are proving to be popular with investors."

The comments come on the back of a separate report from the WAY Group which showed that Turkey is becoming increasingly popular with Brits retiring abroad as well as those looking for just a holiday home.

Anyone heading overseas for a new life may want to make the move easier by leaving some possessions in secure storage in the UK.


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