Property in Turkey is now becoming more attractive type of illiquid assets in comparison with other areas for investment. Land, in particular, is the most sufficient purchase, since it is possible for owner to construct any real estate on it at their discretion. According to Julian Walker, director of Spot Blue, it is the Turkish land that can become investors’ salvation from volatile markets.
The expert noted that the demand for land in Turkey has been growing steadily in the first half of 2013 given that it is possible to buy land not only in the country but in the resort regions of Turkey as well. According to Global Property Guide, cost per square meter in Turkey now stands at €2,905 point and rent on average is €1,468.
It is worth noting that there are certain restrictions for the building area percentage on the purchased construction site. For small sites it is 15-20%, while for large ones it is limited to 30-100% of the site area.
Turkish seaside property owes its popularity to a large number of top-class beaches. As previously reported, 383 beaches in Turkey received a special mark of quality, the so-called "Blue Flag". It is 59 marks more than the year before. Turkey holds the third place among all countries behind Spain and Greece. To obtain that honorary status the beach is evaluated for the quality of water, nature, cleanliness, safety and services.
Turkish property on clean beaches is exceptionally popular among foreign investors. Antalya with its 179 of excellent beaches and Mugla having 76 extra-class beaches are considered the most popular regions.
Julian Walker revealed that beside major resorts there are many distant beautiful beaches that are untouched by Europeans. Those beaches are the hidden potential of the real estate market in Turkey that should be utilized by far-sighted investors.
As for the prices, they are pretty delighting. A brand-new two-bedroom villa within a ten minute walk from a blue flag beach starts from €142,296 (£122,000).
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