Turkey tip for New Year buyers

Those looking for the best place to invest in overseas property early in 2010 have been advised to consider Turkey.

Property Abroad said the country is growing in popularity with holidaymakers, particularly from Britain, as its lira has a more favourable exchange rate with the pound than the euro from the point of view of UK consumers.

The four locations noted as particularly favoured are Alanya, Dalaman, Belek and Altinkum with its new marina.

All of these have cheaper property and plenty of rental demand, the portal stated.

Hurghada in Egypt and Tenerife in the Canary Islands were also tipped as good prospects.

Earlier this month, international mortgage firm Conti identified Turkey as a fast-growing market, noting that 13 per cent of its mortgage enquiries so far this year concerned the country, making it the third most popular buyer destination.

This figure was an increase in the 11 per cent total for 2008, Conti revealed.