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Turkish property is the best residential property investment in Europe according to a new report by well respected international property publication Global Property Guide. As avid readers of the publication we can tell you that it is one of the most positively charged reports GPG has ever published.
The report lays out how in Turkey right now, practically every factor that can affect a property market is positioned in such a way so as to make growth almost inevitable in the Turkish property market. The 43 page PDF report is titled Turkey: the Best Residential Property Investment in Europe, and is accompanied by an article titled: Turkey a Housing Boom Ready to Roll.
It is really difficult to argue against Turkey at the moment, when it has so much going for it:
Aydin Cakir, director of New Home in Turkey said:
"Keep reports like this one coming Global Property Guide. The facts are all there in black and white, and they leave very little room for anything but growth in the Turkish economy and property market in the coming years.
The report put residential rental yields in Istanbul at between 5 and 6.1%, and the same can be achieved from holiday lets in the popular tourist zones, according to Cakir.
"Yields of around 6% are commonplace for serious investors in good quality units in the top areas, like mid-size apartments in Fethiye" he said.
