Turkey ‘a great offshore investment’
Property in Turkey makes for a great offshore investment due to the growth of tourism there, it has been stated.
International mortgage firm Conti noted that the country was the third most popular among its customers making enquiries and stated that the share of such requests for information had risen from 11 per cent last year to 13 per cent so far in 2009.
The company noted that visitor numbers are expected to top 30 million this year, commenting: “This will ensure that demand for quality rental properties in the popular tourist areas will continue to outstrip supply, making rental yields very lucrative.”
Turkish property offers the advantages of a Mediterranean location without the high cost of the euro, Conti noted.
Earlier this week, Shelter Offshore said the country is a good option for those with limited means wishing to move abroad.
In advice to those keen to do so, it suggested: “Start your own business, seriously downsize, move to a far more affordable country such as Turkey for example.”
