As Turkey prepares itself for a record-breaking summer tourist season, with 25 million visitors expected by Turkish officials this year, the country’s property market looks set to attract a record number of British buyers. Indeed, a Nat West survey of British mortgage lenders has identified Turkey as the third most popular country to buy property in the next three years.
“There is growing interest in Turkish property due to its excellent value, with high-quality apartments from as little as £40,000,” explains Dominic Whiting, editor of the Buying in Turkey guide. “Huge investment is being channelled into the development of the coastal areas as part of the government’s plans for Turkey to become one of the world’s top five tourist destinations by 2023. On the ground, this means new airports, roads, golf courses, marinas and hotels- all of which have a very positive effect on the desirability of Turkish property and values.”
In addition to the million-plus British tourists that visit Turkey each year, the pleasant Mediterranean climate, relaxed way of life and low cost of living are attracting a growing number of permanent British residents and retirees.
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