The lucrative proposition of property for sale in Turkey will take centre stage in Dubai in early October, as Turkey has been awarded the position of ‘Country of Honour’ at the coveted Dubai Cityscape Global real estate investor fair.
As ‘Country of Honour’, Turkey’s investment opportunities will predominantly feature at the event to be held 2-4 October, with the country currently being billed as ‘one of the hottest investment markets’ for the region.
Roundtable sessions and panels are scheduled to offer property investors from the Gulf and other countries insight on Turkey’s real estate offerings.
Property ownership laws were relaxed in Turkey in May this year making it easier for Gulf citizens to buy in Turkey. The move has heated the market considerably, with property sales in May quadrupling on the same time in 2011.
With affordable residential properties being built at rapid pace both in Turkey’s desirable coastal resorts and business hub, Istanbul, and numerous industry reports scoring Turkey highly for both its booming economy and real estate value growth, Turkey undoubtedly proves an irresistible investment prospect.
Comments Suleyman Akbay, MD of property specialists Oceanwide Properties, ‘Turkey comes into its own in being able to offer fantastic coastal and city homes with demonstrable growth at extremely affordable prices. With a new build two bedroom sea-view apartment starting from as little as £59,000 on the Mediterranean Turquoise Coast – these are prices hard to match. For those able to buy off plan property in Turkey there are even bigger opportunities.’
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[Source: Hurriyet Daily News]