Turkey 'provides great property investment opportunities'

Savvy investors are making international money transfers to Turkey and taking advantage of the profitable buy-to-let market.

This is according to partner at Emerging Real Estate Tim Morgan, who explained how the country is proving extremely popular with housing moguls.

He claimed Istanbul is a favourite, with the city a "real hotspot in Europe", due to Turkey's economy remaining relatively stable in recent months.

It was noted house prices rose by 0.73 per cent in September and rental values by 0.9 per cent in the nation, on average.

Meanwhile, in Istanbul, rental prices grew by 1.13 per cent, which has helped ensure Turkey's property market has "soared and increased in value".

Mr Morgan stated: "Tourism has been driving the boom in Turkey and savvy investors are recognising that buy-to-let properties here will be very profitable."

Those keen to take advantage of the current situation in the nation may want to move fast, as the expert claimed the country will only remain ahead of the game, while the eurozone crisis continues.

Once this has been resolved, neighbouring countries will once again compete for tourism and Turkey's appeal may diminish slightly, but this is not predicted for "at least another year or so".

At the moment, Mr Morgan claimed a shortage of housing and growing interest from holidaymakers has helped ensure demand for rental properties stay high.

As a result, investors were advised they should find rental yields remain strong across the nation.

Director at Property-Abroad.com Les Calvert recently advised individuals to ensure they learn the traits of the housing market before taking a risk on an investment.

He explained how those who are well versed in the sector will be less likely to experience a negative outcome.

Posted by Thomas Smith

Click here to make an International Money Transfer to Turkey.