'Golden years' of Turkish property to return

Thursday January 22nd , 2009

The next few years will see a new big property boom in Turkey, it has been predicted.

According to the Nour Group, interest in the Turkish property market is intensifying because it is currently averaging 40 per cent returns, while the rest of Europe floats at around five per cent growth.

The company has tipped Istanbul and Antalya as being the two most attractive cities for property investment currently and Istanbul is to be the European City of Culture in 2010.

Residential communities are under development in the city, while new resorts are being created along the southern coast.

The firm has also suggested that property prices have dropped by as much as 50 per cent in the suburbs of Istanbul and some sea-view apartments have experienced a 20 per cent fall in prices.

Meanwhile, a retired couple have spoken of their move to Turkey.

Brian and Anne Wardlesworth told the Sunday Mail that their move to the country two months ago had made a big difference to their lives, adding that they had found the local community very friendly.
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