Turkey recommended to investors

Wednesday April 9th , 2008

Overseas property investors have been advised to consider purchasing a residence in Turkey.

Advice website FirstRungNow.com highlighted the country as a possible option for investors who are seeking to collect good returns.

The online portal said that since it is an emerging market, house prices are rising at a considerable rate.

This, it stated, could make it more lucrative than many other more established European countries, such as France.

Helen Adams, managing director of FirstRungNow.com, commented: "The trouble with France is that you won't get the capital growth, whereas in places like Turkey you're more likely."

However, she recommended that prospective buyers remember that in some emerging locations, they may face language barriers and unfamiliar legal requirements.

According to A Place in the Sun magazine, Turkey is currently the most popular emerging market among British property buyers.

The country was also rated ahead of many established rivals such as Italy and Portugal.