Erdogan's new fiscal measures are having a positive effect on the Turkish economy, which in turn is great news for anyone thinking of investing in Turkish property, as prices around the country - especially in Istanbul - continue to climb. Erdogan, who has spent the last 15 years transforming the country's economic fortunes, will need to continue his progress to keep voters onside.
A year or so of poor performance for the Turkish Lira saw the currency become one of the most talked about on the planet - for all the wrong reasons. But in a remarkable reversal of fortunes, the rebounding lira is now opening up a world of opportunity for investors with a 15% gain against the Dollar this year. With analysts saying the only way is up, the lira potentially offers some of the highest returns of any currency in the world.
Investors seeking deals on property in Turkey take note: the VAT exemption offered to first-time buyers will most likely come to an end at the end of September, presenting a limited time to take advantage of an 18% discount. The temporary scrapping of VAT was a government move to boost property sales volume in Turkey. As well as benefitting from hefty discounts, buyers purchasing property over $1m will also be eligible for citizenship.
Torba, a small village on the hedonistic Bodrum peninsula of Turkey, deserves to win awards for its stunning and open landscapes. Sitting outside of the central town area, life is good for locals who enjoy the crystal blue waters of the Aegean Sea, cool summer evenings and an average of 300 days of sunshine a year. Find out just why Torba is one of the top spots in Bodrum for those looking to buy properties and invest in the peninsula.
Property investment in Turkey is up by 70% since 2013, a testament to the country's strong economy and the relaxing of property-buying laws. With the rise in investment there's been a corresponding uptick in the number of buy-to-let investors, keen to capitalise on the country's, dynamic young population of renters and the steadily rising tourist numbers.
The once sleepy fishing village has been transformed into a sophisticated, cosmopolitan centre - while managing to retain the authentic atmosphere that's ensured its top spot with tourists. Yalikavak's prosperity has had a knock-on effect on its property market, and marina property is booming. Discover why this beautiful town is an ideal place for property investment.
Low costs and a young population clamouring for goods and services mean Turkey makes a fantastic place to start your own company. Entrepreneurs are discovering the country that bridges east and west is a fertile ground for new ideas and innovation. Discover why Turkey is the ideal start up destination, and get a few tips to help you get started.
Uzumlu, a small picturesque village in the mountains of Fethiye has garnered a loyal fan base of property investors, many that have brought villas, as either a holiday home or retirement dream. Some would argue that is a well-kept secret and should stay that way, but word is spreading, and many people are now eager to see what the hype is about, especially when it comes to buying property in Turkey. So why is Uzumlu ticking all the right boxes and in the process, building a name for itself?
Hisaronu is located in the Fethiye region of Turkey is a small destination that has garnered more attention over the last 10 years, increasing in popularity. Although the neighbouring resorts of Oludeniz and Fethiye city centre receive more publicised attention, Hisaronu has conjured up a loyal fanbase of return holidaymakers and expats who have bought property in the area. So for anyone looking to make a Turkish property investment, is Hisaronu a good place to choose?
Foreign investors can choose from a vast bank of destinations that fulfil their requirements and most importantly slot perfectly into their budget. One of those areas is Ovacik on the Mediterranean coast of Turkey. Even though it is a relatively small resort, British buyers give it a lot of attention both for holidays and as a second home, so let’s look at the reasons why Ovacik is a good place to buy property.
Belonging to the Fethiye Peninsula, its nearby touristic attractions of the Blue Lagoon in Oludeniz or the ghost village of Kayakoy often overshadow its presence. Yet, British holidaymakers highly favour Calis, and it has turned into a pleasant expat destination. Reasons why property buyers chose Calis as their preferred place to relocate, are plenty - discover why Calis is one of our top picks for buying a holiday or permanent home in Turkey.
Eager to boost foreign direct investment in Turkey, the Turkish government is introducing a raft of new laws to make property buying easier - and offering incentives to those who decide to invest in property. The government has proposed a number of new measures, most of which we should see pushed through by the end of this year.
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