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Keen overseas investors and holiday-home buyers for early 2010 have been recommended to consider Turkey as an ideal location. The number of holidaymakers in Turkey is on the increase, particularly from the UK, due to the pound’s strength against the Turkish lira compared to the Euro.
The three locations that were specifically mentioned were Bodrum, Dalaman and Altinkum, although Bodrum is widely known as the preferred destination of the three. With its stunning marina, sandy beaches and lively old-town, the Bodrum peninsula is especially popular due to the building restrictions that protect it from overdevelopment and its excellent investment potential, compared to other areas of Turkey.
However, with or without the beauty, glamour and character of Bodrum, all three destinations have inexpensive property with plenty of rental demand. Some developments, including renowned property developers Cumberland Properties, that operate on the Bodrum Peninsula, can also arrange and facilitate rentals.
Venturing further from Europe, Hurghada in Egypt and Tenerife in the Canary Islands were also noted as good investment prospects for 2010.
Earlier this month, international mortgage firm Conti identified Turkey as a fast-growing market, noting that 13 per cent of its mortgage enquiries so far this year concerned the country, making it the third most popular buyer destination. This figure was an increase in the 11 per cent total for 2008, Conti revealed.
