Currency: New Turkish Lire
Language: Turkish
Capital: Ankara
GDP: 2008 Estimate – $791 billion.      GDP per Capita: $10,380

The Turkish property market has been gathering momentum steadily over the last decade. Spurred on by a dynamic and growing tourist industry, property investments are beginning to yield a high rate of return. With house prices rising by 50% in many areas and Turkey looking at potential EU membership, the potential return on investment in this area is enormous. 

The high stability of their property market means any investment can be considered safe and secure. Turkey has a huge population of over 70 million, which creates a strong internal property market meaning investors are not reliant on international investors for re-sales. 

 Over 25 million tourists visit Turkey each year boosting the property market and creating strong “buy to let” possibilities. This is hardly surprising considering Turkey has over 300 sunny days a year and is blessed with some of best coastline in Europe.  

The Turquoise Coast of Turkey (south west),in particular, is emerging as an area of high investment potential. Developers are buying up large plots of land untouched by tourism and turning it into high quality apartments and villas. And with Dalaman International Airport only an hours drive away, tourism is bound to drive house prices up for years to come.