Turkey well priced compared to more established European destinations

Turkey has seen a boom in building with promises of great investments before entry to the EU and also the promise of EU funding to support infrastructure improvements. With well priced local labour, affordable land prices and planning permission being granted to encourage the tourism industry, development of the coastal areas has increased in the last few years.

Turkey has been cited as one of the best opportunities for those wishing to own their own property by the coast and to take advantage of the sustained tourism which in affect will add to property prices. Recently www.realpointproperty.com helped Paul and Linda Crookes purchase a four bedroom property at Sarakiz Villas just north of Fethiye.

Sarakiz Villas brings to the market a selection of premier 3 and 4 bedroom villas with private swimming pools. Located in Greater Calis they are just a few km away from Fethiye and just a few minutes walk from the beach. Each villa is built to the highest standards with large plots sizes (500m2) and each comes with a five year building guarantee.

Paul Crookes says, “This is our first purchase of property other than our home in England and it has been an exciting time for us. After holidaying here for over 15 years we believe that we have been careful in our choice and are confident that we have made the right decision. We are looking forward to our first stay in the villa in spring which will give us a chance to furnish it using good quality local furniture and then look forward to our first rentals in the summer.”

Paul and Linda were savvy in their choice of villa and location. They had read about the planned marina north of Fethiye, the new airport at Dalaman which opened in 2006 and the new road and tunnel from the airport cutting down the journey times to just over 20 minutes. With a good infrastructure around them they have invested in an area which will undoubtedly grow in the next few years. Their choice of villa with a private pool also means that they can cater for a varied market and ensure that they can rent their villa out when not using it themselves.

Eddy Crompton Director of Realpoint Property says, “According to the BBC ‘Turkey’s GDP per head is not much lower than that in Romania, a recent EU member. Rates of both unemployment and inflation in Turkey have fallen to high single digit figures – quite an achievement, given that it is only five years since Turkey had an inflation rate of 70%’. Foreign investors are now diving into a range of sectors, from telecoms to steel to banking and with land reform implementations in 2006, this has made the purchase and development of land more restrictive. All of this, points to a positive long term future for the country, with their recognition that tourism will continue to be very important for the economy which is also reassuring for buyers of holiday homes.”

Prices at Sarakiz Villas are priced at £110,000 with a £5,000 cash back deal for buyers signing contracts before end of June 2007.

Realpoint Property markets a wide range of properties throughout Turkey and offers a personalised service to all potential buyers, speaking in English and advising clients every step of the way. For further information, visit realpointproperty.com.