Experts expect 2011 to be great year to buy property in Turkey

Turkish property market good predictions 2011

The property market in Turkey is set to go to new highs in 2011 according to overseas property portal Homesgofast.com. The predication coincides with the fact that the OECD expects Turkey’s economy to grow 6.7 per cent per year on average between 2011 and 2017; the highest of all its member countries. 

High economic growth and rising house prices

Turkey is one of the planet’s booming economies.  The OECD expects Turkey’s economy to grow 6.7 per cent per year on average between 2011 and 2017; the highest of all its member countries.  And, figures show that the Turkish economy will grow by around 8 per cent in 2010.

As there is a greater demand for property in Turkey, prices are expected to rise significantly over the next few years, offering overseas investors the chance to profit on their Turkish home.

And, Turkey’s desire to join the European Union has also helped the property market.  Property laws and regulations have been tightened significantly to bring them in line with other Western countries in order to prepare Turkey for EU accession.

2011 is a great year to buy property in Turkey

For over 32,000 Brits, Turkey ticks all these boxes property in Turkey is set for excellent capital growth and rental income. 

Nick Marr, managing director of international property website HomesGoFast.com believes that Turkey is one of the places to buy in 2011.  Mr Marr said: “With high economic growth and a booming construction industry, most experts predict that property prices in Turkey are set to rocket over the next few years.

“I expect Turkey to be one of the most popular destinations for Brits buying abroad in 2011.  This is not just because it is possible to snap up a great property bargain but also because of the great climate, high standard of living and excellent rental potential.”