Turkey is Booming

According to the Sunday Times, 19th April, Turkey is becoming increasing popular destination with both tourists and those looking for holiday homes. Cheap holidays (never more so than now, as Brits clamor to escape the eurozone) and holiday homes have been made more appealing by the relative weakness of the Turkish lira, which has remained fairly steady against the pound over the past year, while the euro has surged.

Turkey Property is available at a low cost within areas such as Altinkum, the Benidorm of the Aegean coast, where you can still buy a new flat for as little as £25,000, although strong domestic demand has meant the country has avoided a Spanish-style collapse. Slowly but surely, however, high-quality properties with real architectural appeal are cropping up along the coastlines, particularly the southwest stretch from Bodrum to Kas, where most of the 21,000 British property owners in Turkey have bought.

Turkey is definitely moving upmarket, with desirable areas such as Bodrum or Gocek offering the quality of upper western standards, and Bodrum also benefiting from a stunningly beautiful coast-line.

Bodrum has direct EasyJet flights from the UK (although not in winter, when you must fly via Istanbul) and if you are looking for an investment property, follow the locals who buy in Bodrum. What this means is that the market there doesn’t see bubbles, as it is not inflated by purely international clients. EasyJet is now bringing more people to Bodrum and putting it on the map, but there are also four national airlines that fly there from the main Turkish cities, so Bodrum town has year-round life.