Turkey could interest international mortgage applicants

Wed, 18 Jan 2012
Brits considering their international mortgage options with a view to investing in property abroad may wish to look at the opportunities available in Turkey.

This is because Gem Invest has highlighted the country as one of the star locations of 2011 for such activity, while noting 2012 is likely to see growth expanding even more rapidly.

The organisation observed economic development, the dipping value of the Turkish Lira, high demand for property and low interest rates are all combining to present attractive options to investors.

International mortgage applicants may therefore find Turkey to their liking - especially as dwellings in developing areas of Istanbul can be snapped up for less than the price of a typical family car.

Gem Invest - which also has portfolios in the UK and the US - said of the capital: "The best bargains can be found in outlying districts, but if your budget stretches far enough, the city centre still offers excellent yields even with high prices taken into account."

For those looking to invest in holiday homes, the company recommended resorts such as Antalya and Fethiye, while Kalkan also has potential to match the prospects of the country's most popular coastlines.
 
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