Invest in Turkish properties
December 12, 2009 by Akbuk Rentals · 1 Comment
Alanya
The present time offers a good opportunity for overseas investors to invest in Turkish properties, it has been stated.
Recep Tayyip Erdogan, Turkey’s Prime Minister announced that Turkey attracted investments of around USD 6 billion in the first eight months of 2009.
Mr. Erdogan said during a meeting at the Investment Support and Promotion Agency of Turkey (ISPAT) that Turkey will continue to attract more direct investments as the global crisis has been overcome.
Erdogan also added that Turkey has become a center of attraction for investments, thanks to its radical reforms, stability and strong economy.
There are 22,821 international companies in Turkey, including 12,463 from European countries and 3,888 from the near and Middle Eastern countries, which is good news for those looking properties in Turkey.
Meanwhile, M Bahadir Teker, Founder of broker Istanbul Mortgage said that the country is currently enjoying a favorable combination of affordability, lower interest rates and a plentiful supply of mortgages, according to Financial times reports.
He commented: “We’re going to see growth next year and new development opportunities arising mid-year, so I think now is a good time to buy.”
In related news, Didim Today suggested that Altinkum is a good place to invest in during 2010. The resort is good for tourist rental because it appeals not just to the overseas sector made up mainly of Britons and Germans, but also Turks looking for domestic breaks. Also Altinkum Didim`s most popular news reported that investment going to be increase in 2010 because of popularty of resort with British holiday makers. We know that marina didnt effect much only made some changes on third beach site, which leaves Akbuk area more interesting to investors in Turkey.
Our Akbuk local guide and business index provides the best local directory for the Akbuk area providing information and details for estate agents, nightlife, bars, takeaways, hairdressers and barbers etc . All local businesses will have the opportunity to register their business or product with Akbuk local guide. Please see our advertisement section for details. Akbuk.org community page, with more than 1000 hits per week. Our aim is to freely and accurately provide detailed up-to-date information for residents, visitors and businesses of Akbuk Turkey and the surrounding area quickly and without effort. Akbuk resort has been a part of the WWW for long time but never had a community page like this and technolgy is growing with everyday that passes providing new and up to date information and services.
Great article! So for US Property Managers looking to invest possibly world wide, would you call this a good starter location in this market?