subject: Economical advantages and perspectives of property in Turkey [print this page] Economical advantages and perspectives of property in Turkey
Today, any investor won't invest in the economy without first examining its status and potential.So today, reputable consultancy, rating and expert agencies are very popular among investors.Often, their opinions differ, or don't match reality.But this year they are unanimous: in 2011, Turkey will be the most attractive country for investors, and property in Turkey's the most profitable and promising.Let's see, why Turkey literally flew up in the ranking among the most promising countries, and property in Turkish resorts added to 5-10% in value on the following day.
There are several objective advantages of property in Turkey:
1) Economically advantageous geographical position.Turkey is located on two continents and is the corridor between Europe and Asia.It is surrounded by two seas, controls the strategically vital Bosporus and has the huge coastline, about 8000 km.
2) The climate, which gives 300 days of sunshine per year and makes tourism in Turkey the most profitable occupation.Turkey ranked eighth in the world for profit from tourism.Every year 25 million tourist visit Turkey.In 2011 this figure should reach 32 million.
3) The growing flow of tourists, makes the market of property in Turkey develop just crazy temps.By counting the possible profit from the increase in tourism, more and more European buyers want to buy property in Turkey.And the big investors are actively buying land to build on them super objects of tourist infrastructure.
4) Today, in Turkey real estate market offers wide choice of properties ranging from small apartments in Alanya, to luxury villas in Antalya and Kemer. And it maintains the best quality-price ratio in the world market for over 10 years.Prices for property in Turkey are growing with increasing demand, but the level of prices is still inferior to the level of price increases in real estate in Europe.
5) In Turkey the real estate market is one of the most transparent and open to buyers. According to experts, about 25 000 Europeans are already owners of property in Turkey.The most popular among them are houses in Turkey, namely in the Antalya and Alanya.Moreover, an important aspect that attracts buyers from Europe is the number of tax incentives, 3% when buying real estate and 0.2% the annual tax. If you are the owner of the house in Turkey for over 4 years selling it, you are exempt from capital gains tax.
6) In Turkey real estate prices each year show an enviable growth. Now the growth in price for property in Turkey is around 25% per year.And even the crisis failed to significantly reduce this figure.So, the real estate market of Turkey is resistant to vibrations and shocks the world.
7) The investment projects, realized in Turkey, show return of 70% of funds for 12 months. Therefore, the fact that buying property in Turkey is the profitable is confirmed not by only high-sounding words, but also economically researches of investors.
8) Income from rental of any type of residential property in Turkey: house, villa, apartment is about 5-7% per annum.
9) In 2007 the law was passed, allowing the Turkish banks to offer mortgages to foreign residents to purchase property in Turkey.This measure attracted more property buyers in Turkey.
10) The simplified registration system of sale transactions of property in Turkey, the flexibility of developers to the wishes of each client, the emergence of discount programs, phased real estate investing, the loyal interest rates and fulfillment of the requirements of the EU brought closer the country's membership in the European Union. Thanks to the rapid accession, the European owners of property in Turkey will be able to hold weekends at their villas, apartments in Anatli, Alanya and other beautiful parts of Turkey without any problem.
