WHY INVEST IN TURKEY?
Turkey has everything going for it. Recent reforms mean that it is very likely to join the European Union by 2015. (This may sound a long time away, but the majority of gains in property prices should occur over the next 5 years). The only real question is whether the EU membership will go ahead as the EU commission, for the first ever time, have placed qualifications on this potential member-state’s invitation.
Turkey is a very moderate Muslim country with naturally welcoming and warm people. If you speak to anyone who has gone on holiday there you will quickly draw a picture of a nation with plenty to offer and a fine tourism trade. Turkey is more than a great place to buy a holiday home in the sun. These are other reasons why he believes Turkey will be one of the 5 best performing markets over the next 10 years:
• Planned EU membership
• Economic growth nearing those of the eastern rising stars, China & India. Large cheap workforce, able to compete with any competitor workforce in terms of industrial output and cost-base.
• Very inexpensive cost of housing - currently at levels not seen since in even Spain in two decades. 4 bedroom villas from c.£20,000.
• Gateway to the Middle East – Turkey will be very important economically as well as politically once an EU member.
• Still a short-haul flight away. Number of flights rising; costs are falling.
• Strong predicted growth in tourism, especially from the UK
• Great climate and costal regions
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