overseas property news

Trying to keep abreast of the most up to date overseas property and real estate news can be a nightmare. We have listed below some interesting property news articles for you to read at your leisure. In addition check out the property news articles archive for links to all our news stories.

Turkey on the ‘road to prosperity’

25/07/2007

The seaside area of Abkuk in Turkey is expected to benefit from capital appreciation as high as 35% within the next year...

Turkey is on course to join the European Union in 2015 and in order to achieve this goal it is already introducing substantial changes in order to comply with EU standards.

Perhaps the most important change is the introduction of mortgages which will allow a prosperous workforce to invest in property in Turkey. The introduction of the mortgage will stimulate a demand for housing in the domestic market and will help push property prices forward to new heights.

Recently designated as a cultural and touristic development area, the seaside area of Abkuk is expected to benefit from capital appreciation as high as 35% within the next year.

Burgeoning rental market

Julien Lu Regional Director of IMOINVEST says, “A burgeoning rental market means that property in Turkey will be one of the most prosperous 'European' markets ever”.

Since being designated as the Cultural and Touristic Development area Abkuk has seen a huge uplift in commercial and residential development to cater for foreign property investors.

Construction has also begun on a local golf course and marina just 20 minutes away which will incorporate holiday villages and Turkey’s first ever 7 star hotel.

Part of the ongoing infrastructure improvements in readiness for EU accession in 2015 means that there will also be a new airport road constructed which will reduce the transfer time to 30 minutes.

<< Back to main News Index

terms and conditions | privacy policy | useful resources

© 2007 Buying-Property-Abroad.com. All Rights Reserved.

website design and development by www.propertywebmasters.com