While traditional holiday locations such as France and Spain will always be popular with second home buyers, Turkey is proving to be increasingly popular. It offers buyers good value, has a strong economy which isn’t dependant on the Euro, and is enjoying a substantial growth in tourism. This is leading to increased demand for rental properties, especially along the beautiful Aegean coastline. According to one holiday lettings agency, there has been a 33% increase in the number of inquiries this year, and Turkey is one of the top ten most searched for countries. An increase in the number of budget flights has seen Antalya airport become busier than Gatwick.
A lot of this extra demand is coming from the fact that people are now far more familiar with Turkey than just a few years ago, and it is becoming a lot easier to sell property there. In spite of this, buyers still need to exercise caution when purchasing property, and must make sure all the paperwork is properly dealt with, especially the title deeds. The Turkish government is also keen to make it easier for foreigners to purchase property, and has spent considerable sums of money on improving the infrastructure between major airports and resorts.
Resorts that are proving popular with British buyers include Altinkum, where it is possible to purchase apartments relatively cheaply, and Antalya as it benefits from its close proximity to the airport. Fethiye is another popular resort as it isn’t over developed due to height restrictions on new buildings. Bodrum is more expensive, and is home to million dollar properties. Some of the people choosing to invest in Turkish property would previously have chosen to buy Spanish property, but now see Turkey as being a better bet.