Perfect time to invest in Turkey property.

Turkey is enjoying a boom on a par with the United Arab Emirates. As well as a surge in its popularity as a holiday destination, Turkey's population is expanding at a phenomenal rate. Now seems to be the perfect time to invest in property in Turkey. The Turkish property market is still in its infancy but, in 2005, underwent a series of reforms that have since made it a very attractive investment location. The new laws work in favour of those buying property in Turkey, permitting 100% foreign ownership as well as 100% repatriation of profits and dividends.
Turkey is enjoying a boom on a par with the United Arab Emirates. As well as a surge in its popularity as a holiday destination, Turkey's population is expanding at a phenomenal rate. It has been estimated that the country needs approximately 400,000 new residences each year; only half that number is being built.
By 2010, it is reckoned that Turkey will need 600,000 new homes per year, rising to 800,000 by the year 2015. Those looking to procure property in Turkey are buying into a market where demand outstrips supply by around 50%. Buying property in Turkey puts you in the strong position of being able to tap into the demands of the rental market or achieve significant returns through sales. Property in Turkey has appreciated an average of 35% per annum in the period 2003 / 2005 and is showing little sign of slowing.
At Select Property, we specialize in the sourcing and procurement of overseas property. We offer our clients the chance to buy exceptional and highly sought-after developments, with outstanding customer service at our core. When buying property in Turkey, our clients can take advantage of a variety of services that we offer, from our Currency Exchange service to our exclusive furniture solutions.