'Brits should consider property in Turkey'

Thursday January 15th , 2009

Property in Turkey is worthy of serious consideration during 2009, according to one property expert.

Liam Bailey and Nicholas Barnes from Knight Frank, wrote in the Financial Times that the established and higher end property markets in Turkey both deserve "serious buyer and investor consideration".

The duo claim prices for property in Turkey are now "falling back" in line with the global market and added the country's predicted growth in infrastructure, access, amenities and economic prospects all work in its favour for 2009.

Online information publication Shelter Offshore described the duo's thinking as "spot on".

"Take a place like Bodrum or Belek where there is massive investment being ploughed into accessibility, core infrastructure, tourism amenities and the general appeal of the resort," said the site.

"This sort of investment forces the value of real estate up - even in a falling market."

It was recently revealed that Turkey was hoping to attract more golf tourists, with the Golf Federation of Turkey announcing plans for over 100 golf courses to be built across the country over the next 15 years, Simpli Group Property reported.
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