Good rental yields available in Turkey

Thursday August 28th , 2008

Investors thinking of purchasing a rental property in Turkey may be able to look forward to healthy yields, it has been claimed.

The country currently offers good value housing for foreign buyers and its popularity with holidaymakers and businessmen means that there will be a solid demand for property, reports Property Wire.

With its consistently warm weather, beautiful beaches and increasing interest from European travellers looking to make the most of their currency, homeowners leasing out their houses can look forward to substantial returns.

Liam Bailey, global markets expert at Property Wire, commented: "Rising tourism means the eight per cent average rental yield can easily be exceeded on good units in the most popular areas."

He added that inheritance tax in the country is relatively low, ranging from one per cent to ten per cent.

Tourists from Germany, Russian and the UK are increasingly turning to Turkey for their holidays and investors from overseas have begun to take notice of the international interest in the country, spending over $10 billion (£5.4 billion) on property in the last five years.