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Fethiye - Turkish Property Hotspot

Published on 21/4/2008

Fethiye - Turkish Property Hotspot

Turkish Property Hotspot


Turkey is turning out to be a real property hot spot. Since the Turkish government passed legislation 5 years ago to allow non-Turkish citizens to purchase property, the Turkish property market has blossomed.
 
Foreign investors have spent around $7.2 billion since then on an estimated 30,000 Turkish properties with the last year seeing the greatest increase in investment with a reported $2.9 billion spent on property.
 
Aswell as the stunning scenery and mediterranean weather, Turkish property prices tend to be around 30%-50% less expensive than those in Spain, France & Italy.
 
The cost of living is also cheaper with economists reporting that the cost of living in Turkey is 40%-60% less than it is in continental Europe.
 
The majority of interest is in the coastal towns with Bodrum, Marmaris and Fethiye being particularly popular.
 
With Turkey expected to join the European Union within the next ten years, Turkish Property is expected to give investors even greater returns.

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