ALL ABOUT TURKEY
ALL ABOUT TURKEY
Turkey embraces both Europe and Asia. It is large country with an ever growing population of over 82 million. Turkey is well over five times the size of England and bordered by eight other countries: Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq and Syria. A non-eurozone recognised globally as a country of significant importance – its unique location, amidst many global trade routes, makes it a major regional power attracting large and small scale investment on a daily basis.
TOURISM IN TURKEY
For many years Turkey performed well on international tourism polls and ranked high as one of the most popular global tourist destinations (UNWTO). Istanbul’s popularity alone was celebrated in 2010 when it was crowned the European Capital of Culture with tourism figures growing considerably year on year.
Turkey attracts a great deal of foreign investment and is currently enjoying a flurry of interest from the Gulf and other Middle Eastern investors. Popular resorts around Izmir, Fethiye and Antalya have always been popular with holiday makers and property investors due to the long hot summers, great beaches, modern facilities and countless affordable hotels, villas and apartments.
Recent years have seen the resort airports provide an increased number of international flights throughout the summer months, and most destinations are accessed easily either direct or via Istanbul all-year-round.
Istanbul attracts a different type of tourist – the weekend breakers, business travellers and round the world holiday-makers all stopping off in this incredible city. Istanbul has always been one of the world’s most alluring and fascinating cities: its many attractions; historic sites; trading and excellent shopping malls and bazaars place it on most travellers’ bucket list of places to visit at least once in a lifetime.
TRANSPORTATION IN TURKEY
Turkey has a highly developed infrastructure with over 50 airports across the country allowing for easy domestic and international travel. Towns and cities are very well connected via an extensive range of modern duel carriageways, roads and highways. Most larger towns and villages have bus stations running first class services throughout the country as well as running regular local services. It is planned in the future to connect 14 cities with a network of high speed trains.
HEALTHCARE IN TURKEY
There are three main healthcare systems in Turkey; public, private and university. The majority of health and social securities are overseen by the state however government SGK insurance policies do allow for discounts in some private facilities dependent on the complaint. The vast majority of hospitals, private and public, meet or surpass international quality and service standards which has led to many foreigners now choosing to undergo treatment in Turkey rather than their native countries. For more information on healthcare please see our HEALTHCARE FAQ’S
WHY A PROPERTY IN TURKEY?
Those considering a Turkish property can rest assured that they are following a well-trodden path. Many that have done their homework, taken quality legal and local advice and invested wisely, are now reaping the rewards of their outlay.
WHO IS BUYING PROPERTY IN TURKEY?
Many foreign nationals and companies have chosen to invest in Turkey over recent years. Those purchasing a property in Turkey tend to fall into two main categories: the lifestyle seeker and the city investor.
Lifestyle Investment in Turkey
Those that visit coastal Turkey can’t help but notice its beauty, relaxed lifestyle and diversity. Thriving tourist resorts and traditional villages nestle into pretty bays and harbours. Fabulous mountains and pine forests drop dramatically into the clear turquoise bays of the Aegean and Mediterranean.
From those who simply want an affordable holiday home, to those wishing to design and build their dream villa, a wealth of options are available and a choice of settings suited to most tastes and budgets.
Lower costs of living and superior quality of life attract foreigners at retirement, and those seeking a property to pay for itself and gain rental returns are in for a treat with the popular tourist areas of Izmir, Fethiye and Antalya where rental premiums are achieved during the summer season from May to October.
City Investment in Turkey
Istanbul is a total contrast to coastal Turkey. Steeped in a vast and fascinating history, it is a crowded, bustling and vibrant city and the main hub of the Turkish economy. The country’s trading and cultural heart, Istanbul has throughout history attracted foreign investors keen to utilise its unique position between Europe, Asia and the Middle East.
Recent years have brought a boom in foreign investors keen to secure affordable apartments in a city where housing shortages mean quick capital gains and healthy rental returns. Istanbul attracts those looking for multiple units to buy and rent at affordable prices, those looking for mid to long term capital gains and anyone wishing to purchase an investment property in a city tipped globally as one of the top spots for investors.