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|Turkey Property News, Property Investment in Turkey
People who are thinking of buying a foreign property have been advised that investing in Turkey could be highly profitable.
|According to Aston Lloyd, the European country is an emerging market which offers very competitive house prices.
However, growth in the market means that property values are on the up, which means investors who buy early could benefit from capital appreciation.
Aston Lloyd said that in the last four years, house prices in Turkey are going up at a rate of about seven per cent per annum.
|A growing number of British consumers are choosing to visit non-eurozone destinations such as Turkey, new figures have revealed.
Tour operator Thomas Cook stated that the number of winter bookings for the European country has gone up by 13 per cent this year.
People who own rental accommodation in Turkey could be set to benefit from the launch of new flights from the UK.
Turkish Airlines has confirmed in December 2008, it will begin offering direct passage between Istanbul and Birmingham.
This means that consumers in the West Midlands will find the Turkish city far easier to reach, which could enhance its appeal among prospective holidaymakers.
As a result, the location could be a more attractive option for buy-to-let investors to consider, as the improved accessibility could lead to greater rental demand.
Peter Vella, business development director at Birmingham Airport, commented: "The Midlands will have its first direct flight to the ancient city of Istanbul and the excellent range of onward connections across the Middle East and the Asian continent."
According to the Association of British Travel Agents (ABTA), the number of bookings for trips to the country has gone up by 20 per cent this year.
This has been attributed to the fact that it is not in the single European currency, which is now at a record high against the pound.
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