London, UK (PRWEB) September 13, 2007
Since the market opened up to foreign property investors, prices in several parts of Turkey have been heading consistently upwards, and with the new resorts, facilities, and infrastructure all re-shaping the Turkish landscape, this growth should be apparent for many years to come, says Obelisk International.
Turkey is a popular holiday destination for the British tourist, with a great deal to offer in terms of the traditional coastal holiday and for the cultural traveller, yet without the cost of many other destinations within the Mediterranean area.
Although Turkey property investment has been better known for entry level, with some property prices ranging from £30,000-£50,000, the price bracket does not reflect on the standards and quality of the Turkish workmanship. Facilities and services have improved greatly and the cost of property is relative to the low cost standard of living.
Property pages within the broad sheets such as The Telegraph, The Times, and The Independent are all reporting on the growth potential of Turkey property investment. Areas currently under the spotlight include the ancient port of Kas, which has seen property prices hitting huge growth levels with local agents reporting growth of 25-30% between 2000 and 2005, and Kalkan which is one of the more expensive areas, and as there are so many British property investors there is a great market for resale. Further north lies the town of Altinkum, which is expected to be the next property boom area where a detached villa with pool is still negotiated for an outstanding £80,000.
The Prime Minister of Turkey, Recep Tayyip Erdogan, is very committed to the growth of the country and since the party came to power in 2002 economic growth has been strong and inflation has fallen. The Prime Minister is very keen to push through much needed reforms required for the EU to accept Turkey as a member state. Historically entry to the EU has heightened a countries stability, economy, and property values.
Turkey property investment also boasts exemption from capital gains tax after a holding period of four years but with the escalation in property prices the investor can select any exit strategy, even short term and still reap excellent gains. All in all Turkey property investment provides a confident and productive investment opportunity.
For more information on Turkey property investment and to find out about Obelisk International's latest projects, contact: Obelisk International on 0808 1600670 or visit our website http://www.obeliskinternational.com