Turkey 'new hot spot for investors'

Wednesday March 4th , 2009

Turkey is rapidly becoming one of Europe's most sought-after property markets for foreign investors, a leading expert has claimed.

Azure Overseas has pointed out that the destination is increasingly with tourists, as well as boasting low-entry prices for potential investors.

The company's director Frank Crowley commented: "Turkey's tourism figures are absolutely through the roof - it is expected to receive over 20 million tourists in 2009."

He noted that investors can take advantage of guaranteed rental yields of 9.5 per cent for the five years following initial investment.

"Not only that, the rental guarantee is bank supported - giving investors security and making this one of the best holiday home investments on the global market," he explained.

Obeliks Investment Property recently claimed 2009 could be a good year for Turkish property.

The country's tourism statistics indicate that visitor figures increased by a massive 13.1 per cent during the first ten months of 2008.

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