Turkey recommended to investors

Thursday July 24th , 2008

Overseas property investors have been encouraged to consider buying a residence in Turkey.

According to Shelter Offshore, the European country offers a number of attractions to people who hope to get returns on their investment.

The website highlighted its tourism sector as one factor which is supporting it housing market, as this is driving demand for rental accommodation in many areas.

In fact, the strong euro has led to Turkey displacing Spain as the most popular holiday destination among Britons this summer, which means the sector is experiencing considerable growth.

Shelter Offshore commented: "The positive fundamentals could not be better.

"It is a country [which is] actively courting investment, ensuring that would-be home buyers are treated well."

The online portal added that the Turkish property market is currently "buzzing" as a result of its favourable investment climate.

This comes after Lastminute.com revealed that it has seen a 14 per cent increase in the number of bookings for Turkey this year.