Turkey and the European Union

Turkey and the European Union has been a hot topic on everyone’s lips for quite some time now. It has divided observers of the topic into two camps. The first camp is adament that Turkey and The European union will not happen on their watch and the second camp is all for it. Famous members of the first camp are the governments of France and Germany whilst Spain has adamantly stated that it supports Turkey’s entry into the EU.

Whilst everyone argues amongst themselves as to whether Turkey will join the European Union, Real estate investors worldwide have chosen to play it safe and are sitting on the sidelines when it comes to whether they should invest in the Turkish Property market. Everyone talks about the prices of property going up if Turkey was to join the European Union and that is simply the first mistake that investors are making. The Turkey and European union partnership is here to stay whether Turkey gets accepted or not.



Turkey has been eligible for European Union pre-acession funding since 2004 and has to date already received millions in Euros to get the standard of living and its economic markets up to the required standards of the EU.

Towns and cities have received major funding by the Turkish government to improve their local infra structure and this has already had a knock on effect of property prices. Eight years ago the average price for a one bedroom apartment was $12,000 or £8000. Today in 2010 that price is an average of £18,000 or $30,000. It goes without saying that as a towns infrastructure improves then the property prices go up.

Another factor that investors are ignoring is that Turkey is also investing millions into its Tourism market. Belek is now known as the Golfing resort of Turkey and is set to take over Portugal as a major golfing hotspot. The town of Altinkum on the Aegean coast has just finished completion of a 55 million dollar marina leading it to be the second biggest in Turkey.

So if we take into consideration the funding that Turkey has already received from the European Union, the investment by Turkey into its infra structure and tourism markets, now add these to the fact that Turkish Property is already undervalued because there is a wide availablity of property, it would seem that investors sitting on the sidelines are losing out.

Investors should be putting their money into the Turkish Property market now and looking at around a five-year investment to gain a healthy return. This five-year estimation is also taking into account the law that capital gains tax does not have to be paid after five years of ownership. Ideally a bigger investment is off plan property as these are selling at off plan prices.

Turkey Real Estate & Property

Foreign buyers are welcome in Turkey, which given its diversity can provide something for everyone. Now entering a time of substantial growth, high returns are expected for early property investors who, by bringing money into the country, will produce a higher standard of living, better infrastructure and a thriving economy, hence increasing property values.

Turkey's potential for growth has no limit and with the government making economical, political and social improvements ready for its proposed entry into the European Union alongside massive funding for new infrastructure including roads and airports, coupled with developing resorts, hotels, golf courses and other facilities aimed at tourists, the property market is currently thriving. Turkey is no longer seen as purely a top holiday destination, but also as an excellent place for a permanent home.

We offer a carefully selected extensive range of investment property in Turkey, off plan or resale property for sale in Turkey in the most sought after locations and settings. Prime holiday or residential areas - country villas – land - beach front apartments - golf property – inland, city or coastal properties along The Turkish Riviera which spans the Aegean and Mediterranean coasts.

Bargaining is still a way of life in Turkey, and who better to negotiate a good one than someone who is familiar with the people, their customs and the language. We work together with local people, trusted developers, and Property agents in Turkey who are able to negotiate for you the best deals at 'resident', as opposed to 'foreigners' prices, enabling us to bring you the very best property for sale from a booming market.

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[Source: Invest in Turkey]

Turkish exporters predict growth for 2008

Kursad Tuzmen, the Turkish Minister of State said Wednesday that Turkey is targeting $125 billion USD export levels for 2008, adding that Turkish exporters performed impressively in 2007 and would continue to out perform their Baltic neighbours.” 2008 will be a year where business will overtake politics,” Mr. Tuzmen told an assembly of the Turkish [...]

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[Source: Invest in Turkey]

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Jim Murphy, the British MEP welcomed on Tuesday the European Commission’s fair and objective report on Turkey’s efforts towards EU accession. Minister Murphy said: The report recognizes that Turkey has introduced major reforms over the last few years and has successfully held parliamentary and presidential elections. Now that a new government is in place, we [...]

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[Source: Invest in Turkey]

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[Source: Invest in Turkey]

Foreign Direct Investment - Turkey ranked 16th

Turkey was 16th among the countries attracting the greatest foreign direct investment (FDI) in 2006 with $20.1 billion, the latest World Investment Report of the UN Trade and Development Conference(UNCTAD) reported yesterday.The report announced yesterday by the International Investors Association (YASED) in Istanbul, has also shown that Turkey is placed 51st in FDI outflows and [...]

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[Source: Invest in Turkey]