International money transfers to Turkey could see a boost

There may be a rise in the number of international money transfers being made to Turkey as more mortgage deals are being offered to foreign citizens.

According to Overseas Property Professional (OPP), international sales in Turkey have seen a surge.

A growing number of European banks and companies are offering high loan-to-value mortgages to foreign citizens keen to buy property in the country, which could be responsible for the increase in sales.

Advantage Properties International's business development manager, Rahul Hireguntanur, told OPP that a variety of nationalities are beginning to express an interest.

"We're seeing a mix of nationalities but more people in the Middle East are looking to get out of Dubai and we're building a network there," he said.

The reports come just as Simon White, a director at London's Chartered Surveyors, has suggested that conditions in the country are well-suited to investors.

Mr White visited the Antalya region of Southern Turkey, where he suggested in his blog that the quality golf courses and cheap property prices could make Turkey "a winner" for property investment.

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Posted by Sarah Pitton