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Chinese investment into Cyprus of around one and a half billion euros is planned May 2013 The president of Cyprus was given some welcome news recently with the announcement of one and a half billion euros planned for investment into Cyprus by investors from China....
World Cup set to boost profile of Turkey on the global stage May 2013 Experts are predicting an increase in international property buyers as a consequence of the pending football world cup for the under 20s....
Leading property experts in favour of “golden visa” proposal May 2013 The suggested of a “golden visa” of residency for investors buying properties in Spain over €500,000 has been warmly welcomed...
Istanbul property market goes from strength to strength April 2013 The buy-to-let property market is alive and well in Turkey and no more so than Istanbul...
Foreign investors favour Turkey right now April 2013 As a result of the new “reciprocity law” in Turkey foreigners are buying property in Turkey in larger numbers than before....
American House Prices Set To Jump March 2013 US property is being predicted with an increase of 22% expected over the next 5 years...
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Buying property in Turkey has eased continuously over the last few years, and foreigners can now buy Turkish property pretty much wherever they want it. There is still some unnecessary red tape, and problems buying freehold in some areas, only because of the military involvement in the government. But this could be about to change.
Restrictions on foreigners buying property in Turkey were first lifted in 2002, but it wasn't really until 2005 that the system really started working for foreign buyers. But even to this day the military still has a say in property purchases and planning applications.
This might change now though, last week the Turkish people voted yes to the government amending the constitution and bringing the military under the control of civil courts, which will more than likely lead to a freeing up of the purchase process.
Turkey property has a lot going for it, the combination of low prices, rapid economic growth, high liquidity and low interest rates is causing a surge in demand for property from Turkish buyers and those from around the world.
According to a recent report some 32,000 foreigners own a property in Turkey, and this is set to increase greatly. Turkey was always a popular lifestyle choice, but the unofficial veto by France and Germany preventing EU accession always hampered it from reaching its full popularity with investors.
Now the Turkish economy is growing faster than the EU, and it is in better fiscal condition; in short: Turkey is shaping up as the best investment in Europe, and there is practically no competition for Turkish property with European investors.
Classifying investment property in Turkey, like many overseas property markets is always difficult, because so many different property classes and locations have near-equal investment potential. Throughout Turkey apartments and villas have potential as high yielding investments, with residential rental potential being greatest in the cities including cheap property in Istanbul, and holiday rental potential being greatest near the beaches and resorts.
It is all about deciding what you are looking for in a Turkish investment property, and researching markets and properties carefully to decide on what is the right investment for you.
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