Turkey is a popular choice for investors say Principal International
Released on = March 26, 2007, 4:29 am
Press Release Author = Principal International
Industry = Real Estate
Press Release Summary = Aside from its rich history, warm climate and sandy beaches, Turkey is a popular choice for holidaymakers which makes it a good investment for overseas property buyers, says Principal International.
Press Release Body = Aside from its rich history, warm climate and sandy beaches, Turkey is a popular choice for holidaymakers which makes it a good investment for overseas property buyers, says Principal International.
Simon Ryeland, Director of Principal International, says "Turkey is becoming one of the most favourite destinations for low cost property investment opportunities and the demand for more rental accommodation from the tourist industry is growing here every year".
With the 21 million visitors expected to arrive in Turkey in 2007, and package holidays becoming less popular with seasoned travellers, holidaymakers are choosing the more independent lifestyle that gives them home from home privacy. This means that the demand for private rental accommodation is increasing year on year and investors are keen to take advantage, say Principal International.
Rich in culture and history, Turkey boasts one of the worlds most decadent mosques, built in the 1600's and famous for its blue tiled roof, the attraction draws many visitors from all over the globe.
On top of that, say Principal International, the housing market in Turkey has recently showed renewed vigour following the publication of a new law allowing extended mortgage terms, and therefore allowing more availablity and flexibilty to locals and foreign investors. With the market now opened up to offer variable and fixed rate mortgages, Principal International say that this is good news for the housing market in Turkey generally and investors are showing much more interest.
Property prices in Turkey are still one of the lowest in Europe, Principal International have 2 bedroom apartments for sale from as little as 65,000 Euros, and with a wealth of expertise in the overseas property investment market they can offer advice and guidance on many aspects of the purchase, see their website for details; http://www.principalinternational.co.uk/.
Web Site = http://www.principalinternational.co.uk