Investment Property Market in Turkey Not Affected by Bird Flu Fears

Investment Property Market in Turkey Not Affected by Bird Flu FearsNeither the investment property market nor the increasingly popular tourism market have been affected by bird flu fears in Turkey according to information collated from tour operators, travel writers, property developers and real estate investors over the past ten days.

The news is very positive for Turkey which is a nation in transition and one that does not deserve to suffer economically as a result of the small number of recent cases of the potentially lethal human form of bird flu that have been discovered in rural Turkey.

It seems that neither tourists nor property investors are to be deterred by the small group of isolated cases because both groups recognise that media hype has probably pushed the reports of a potential pandemic way out of proportion; furthermore both groups appreciate that Turkish authorities are working hard to isolate the affected areas of the country. 

Property investors buying off plan in Turkey in particular have stated that they realise that by the time their properties are completed the bird flu fears will probably be over and if they hold off from making their investment until later in the year the property prices in Turkey may well have increased beyond what they can currently afford.

In terms of property investors and their unfailing commitment to the real estate sector in Turkey despite the fear of bird flu it seems that there are five major reasons why their focus is unwavering.  When you read the reasons you too will likely realise why Turkey is such an incredibly interesting nation for all those looking for a second home, an investment property or a retirement home in the sun: -

1) The main Turkish resorts that are attracting the majority of investor interest are some of the most beautiful on the Mediterranean - bar none.

2) When you compare the price of property in Turkey’s main resorts to similar property in Spanish resorts you are looking at a difference of up to GBP 750,000 - property prices in Turkey are so reasonable but have such massive potential to increase thus offering the property investor an inimitably attractive opportunity for profit.  Exclusive Properties International have some stunning villas for sale in Bodrum and Belek for example starting from as little as GBP 150,000 that have to be seen to be believed.

3) The Turkish economy is rapidly improving and Turkey has begun EU accession talks; inward foreign direct investment into many sectors including the real estate sector has begun in earnest as a direct result and this is increasing domestic purchasing power and naturally inflating GDP.

4) It is now possible to get a mortgage to buy property in Turkey therefore the market is even more accessible to even more people which not only pushes up immediate demand which will result in price increases, but it bodes well for the long term success of the market

5) Resorts like Bodrum in Turkey are becoming more fashionable, more desirable and better known; they are becoming increasingly popular with European celebrities which push up their general desirability and the rental market in southern Turkish resorts is far longer than similarly popular resorts in Spain meaning that property prices are going up, demand is increasing, rental rates chargeable are on the rise and an investor can really only profit from any sensible investment made into property in Bodrum and other resorts like it in Turkey.

These factors and many more have secured the appeal of Turkey for property buyers, and the nation’s natural beauty, rich cultural heritage and stunning holiday resorts mean that Turkey has become one of the most popular overseas destinations for British holidaymakers in 2005 and 2006.

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