With France and Europe's other large economies heading for recession (Source: Daily Telegraph), Colordarcy.com recommend that investors should look to other countries such as Turkey, Brazil and the USA for high capital growth.
For British buyers keen to snap up a Mediterranean holiday home but put off certain European destinations by the Eurozone crisis, now could be the ideal time to buy in Turkey.
Mercury is set to rise on the Turkish property barometer after the recent passing of a long-awaited draft land-law bill which will ease restrictions on foreign property buyers in Turkey.
Turkey property was one of the star investment opportunities of 2011 and forecasts are pointing at further rapid growth in 2012.
Investors looking to purchasing property in Europe this year could be well advised to choose Istanbul, the number 1 city for new property acquisitions and developments according to the latest Emerging Trends in Real Estate Report Europe from PwC and the Urban Land Institute.
There has been a marked increase in the number of overseas buyers active in the Turkish property market which has been noted in a recent report by the Association of Real Estate Investment Companies.
“Such has been the marked increase in selling homes in Turkey to British buyers, I have seen the need to increase the presence of Oceanwide Properties along the Turquoise Mediterranean Coast”, says Suleyman Albay, MD.
At a recent press conference, held by the Turkish Real Estate Investing Partners Association (GYODER), it was revealed that property sales in Turkey to foreigners in 2010 were up 40% reaching sales of $2.5 billion compared to the previous year.
Turkey is launching a magnificent floating exhibition ship on March 7th and 8th in Istanbul. The Wessex RoRo has an area of 12,000 sq metres over four decks one of which is open.
Voted Europe's number 1 city for property by Price Waterhouse Coopers, Istanbul was one of the most active and prosperous global property markets in 2010. And with the latest official data revealing a 28.5% increase in tourist arrivals this January, all eyes remain fixed on the city where east meets west in 2011.
A sharp rise in passenger numbers at Istanbul’s Sabiha Gokcen Airport, have once again put Istanbul at the forefront of investor's minds. According to the State Airport Authority, passenger numbers were up by 27.3% last month (January), while the city's other airport, Ataturk Airport, enjoyed an increase of 4.9% during the same period.
Seki Ski Resort in Seki, near Fethiye, which is on the Turquoise coast of the Mediterranean, Turkey, has just been opened. This brand new ski resort is expected to attract a high number of ski enthusiasts because of its easy accessibility and the fact that these are virgin ski runs.
Oceanwide Properties has announced the release of just nine apartments in a prime location in the much loved resort of Fethiye on the Mediterranean coast in Turkey.
John and Mary Watson live in Bingham, Nottinghamshire and recently John sold his photographic business. “I have always been prudent with my earnings and saved assiduously over the years but frankly the rates being paid to savers at the moment are so derisory I could see a better future in property investment abroad where we could secure capital growth plus the joy of a holiday home in the sunshine.”
As Ireland is forced into a 90 billion euro bailout, fears mount that other peripheral nations involved in Europe’s debt crisis will not be far behind – Spain and Portugal the most-likely candidates. It is against this gloomy backdrop that Turkish State Minister for EU Affairs, Egemen Bagis, boldly stated that Turkey was a “key country for the future of the European Union”. He may have a point.
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