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Property For Sale - Turkey an Investment Opportunity

Mar 5, 2008
These days it is impossible to separate the words Turkey and reform. Applying to become a member of the European Union in 1992, it has since then been necessary for the country to embark upon some major reforms concerning its infrastructure; reforms in the areas of law, finance and not least of all, human rights. Much progress has already been made, although it is likely that the reform process will still require several years more before conditions in the country meet those of other European members.

Since the foundation of the Turkish state in 1923, the governing principles of the country have always been those of rationalism and enlightenment. Furthermore the state has since then been secular in nature. Thus certain worries concerning the risk of Islamic militancy spreading throughout the country are to a great extent overstated and security is becoming less of an issue.

With regard to property values, prices throughout Europe, particularly those within the new member states, have been showing significant gains in recent years. Gains in Turkey are also now on the increase, and there is no reason why, once the country becomes a full member, significant gains as seen elsewhere will also follow in Turkey.

So is this a good time to be investing in Turkish property? Most assuredly! The time has never been better. The key places to invest are in the major cities where businesses will wish to open up. Not least of course being central Istanbul, which is set to become a major business hub. However such prime locations exist throughout the country.

Once Turkey becomes a full member of the European Union, and there is no doubt that very soon that will be the case, property prices across the country are set to escalate significantly, so it is critical for investors to get in now before all the best investment opportunities are taken.

Many international businesses have already set up shop in Turkey, enthusiastic to get in early and to start developing their markets in the country. The result has been a large increase in demand for rental properties, particularly in major urban areas. In fact by air, Istanbul is only a very short flight indeed from several major European capitals. This in itself is an important business advantage.

Of course, besides business, Turkey has for years been a not unimportant tourist destination, since it possesses some of the finest sandy beaches in that part of the world. But upon entry into Europe, Tourism is also likely to flourish even more. This will of course in turn increase the demand for properties in the many tourist spots found throughout the country. The result of course will be a growth in prices in resort areas all around the country.

There is much to attract the tourist in Turkey, from the mountainous ancient Anatolia in the East, to the historical sites and sandy beaches in the West, and everything in between. From the natural white marble candy-floss pools of Pammukale, to the Blue Mosque and Topkapi Palace in Istanbul, not forgetting the sandy beaches of Antalya in the South Turkey has something for everyone.

Before concluding this brief overview of the Turkish investment scene, one important area of Turkish culture must not be overlooked, that of the wonderful Turkish cuisine. Everyone has heard of the ubiquitous Turkish delight, or Lukumi, but the kitchens of Turkey are brimming over with wonderful tasty meat and vegetable dishes. Followed by one of the many delicious sweets and washed down with a brewed-to-order coffee or tea, and a Turkish meal is sufficient to satisfy the most sophisticated of tastes.
About the Author
For lots of information about Turkey, property for sale Turkey and the Turkish way of life, visit the Turkish property specialists at the Turkey Property web site.
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