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The future of golf in Turkey . Many of us among the expat community enjoy a round of golf now and
again. Unfortunately, none of us has gone so far as attempting to actually
develop and operate a “pay to play” golf course. While numerous outstanding
courses exist in the Antalya region, essentially only three can be found in
greater Istanbul. These are the Kemer Country Club, Istanbul Golf Club in the
Maslak/Levent district, and Klassis Golf Resort in Silivri. All three are
private, although guests of the Klassis Resort Hotel can play for a fee. Istanbul and Ankara certainly have a strong need for more golf courses,
especially public courses where one can pay a daily fee, rent a cart or hire a
caddy, and play whenever a tee time is available. Read
More... November 2009
Turkey’s property market a hotspot: Turkey represents the best investment opportunity in the overseas market that anyone is likely to find over the next year and a half, the Web site said. The country has rebounded incredibly since its economic crash seven years ago and is now in a position of strength compared to the United Kingdome, as it is on the verge of recovery having already experienced the repercussions of the downturn in their economy. Read More... April 2009.
Investing in property in Turkish coastal areas
According to a leading British tour operator, Turkey has knocked Spain off the
top spot in terms of being the most popular summer holiday destination for
Britons in 2008.
This may not seem
so significant, until one remembers that Spain had dominated that top spot for
the past 30 years. It seems that the appeal of Turkey is rising and rising and
in the words of the Association of British Travel Agents, Turkey is enjoying
"spectacular growth," according to Rhiannon Davies from Shelter Offshore, an
online publication.
The World Travel and Tourism Council predicts that
Turkey's period of growth has really only just begun. They predict that over the
coming decade the rate of growth in the tourism sector will reach at least 5
percent annually, which is fantastic news for a nation that is already seeing
its economy go from strength to strength.
In recent weeks the nation's
currency has slightly recovered from deep falls against the dollar, and as
Turkey continues its slow but steady march towards European Union entry, doing
everything that is required of it to secure entry, international confidence is
rising in this nation.
In the interim, however, the Turkish economy is
considered emerging, the nation is largely cash driven and therefore property
prices remain low. Mortgages are expected to boost the market, and as big name
property developers such as Dubai's Emaar Properties enter the real estate
market, so internationally speaking, interest in Turkey's brand new and exciting
property market is increasing.
All of these positive factors mean that
for anyone with a relatively small amount of capital that they want to invest,
Turkey could make a very exciting and potentially profitable choice. You can buy
in today at a low price, (apartments in coastal areas start from just 35,000
pounds), benefit from one of the first mortgages, rent out your home to the
increasing tourism demand and ultimately profit from your property when you come
to sell it as it will have likely risen in price as demand for real estate
increases and values rise in line with this demand.
For a low cost, low
risk entry into property investing, Turkey makes a fantastic choice. What's
more, there is no denying the level of interest in Turkey as a holiday and an
investment location, therefore an investor buying in today is not leading the
field and therefore shouldering all the risk, they would just be getting in on
an early wave of real estate demand. They probably stand the best chance of
riding the wave of rising property market success in Turkey, which is why
property in Turkey is a good investment to consider.