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| Why Buy in Turkey |
Why buy in Turkey?
Amazing times and increased investment will encourage the Turkish economy and given their moderately humble starting point, capital growth rates will fare very well, particularly along the Aegean and Mediterranean coasts, where most are likely to invest.
The areas around Kusadasi, Bodrum and Antalya are the most popular amongst Turkish property investors as the government is improving tourism infrastructure and making these locations the most popular tourist attractions. As these investment programmes are only in its early stages, with newly constructed properties, road networks, hotels and golf courses making this great potential to property investors.
There is now a steady increase in annual tourism and Turkey is experiencing an unparalleled level of international exposure and is, actually creating more tourist interest and increasing demand for Turkish homes. Value of Turkish property is expected to rise beach front locations by 50% with forecasts for the next 2 to 3 years to reach over 100%.
A. More than 6% economic growth consecutively in the last 4-5 years. Cost of living is 1/3rd
B. Potential of property price rise due to the unique population increase of Turkey (2% per year and recently 70 million
C. The majority of recent population being under 30. This creating constant housing demand.
D. No capital gains tax after 4 years.
E. Very Rich in cultural history and ancient historical ruins.
F. Over 25 million tourists every year gives a great property rental market along the coast lines.
G. The summer season being longer in Turkey, with cheap living, Turkey has some of Europe’s most beautiful beaches making it a very popular holiday destination.
H. A cosmopolitan culture welcomes not just one but all of the nations to Turkey.
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