Turkey: Province of Prominence

In these hard economic times, every property market is suffering, more so the ones within the European Union Zone.

2012-07-21

LONDON, ENGLAND, July 21, 2012 (Press-News.org) In these hard economic times, every property market is suffering, more so the ones within the European Union Zone. Disregarding Germany's genius economy for a moment, it seems every economy within Europe is suffering terribly, the property markets faulting along with them. Property prices have continued to increase rapidly to a level where regular members of society are unable to afford a single house, let alone a second apartment or a summer villa on the shores of an internationally stable, migratable and even visitable country.

Turkey, however, doesn't hold to the rules. Placed just outside of the European Union Zone but still essentially a part of Europe, this cultural rarity hardly suffers from the Euro Crisis or even the Global Crisis at all. The beautiful land of Turkey is home to five thousand miles of truly gorgeous shimmering coastlines with many towns and cities cited around international airports and if not around them then certainly not far from them. Apartments, chalets and even penthouses are available to anyone, even those internationally based, and due to only recent attention to the country, these high quality properties are far cheaper than any you'd find in the more local France or Spain, both suffering equally tough economic climates of their own.

Among these many towns and cities there is a wide variety of culture and atmosphere, from the industrial and economic centre of Turkey in Istanbul to the more quiet and tranquil community in Kalkan. To really understand the urban and rural environments and accompanying property markets you need to compare the unique qualities connected to these great metropoli. All however, are host to the modern age of living that you'd find in any first world city centre, ""Luxury Manhattan-style apartments are relatively recent and very trendy. There is a real love of luxury and modern high-tech living in terms of intelligent building systems and automation." Cameron Deggin of Place Overseas, a Turkey specialist estate agency based in London, states.

Laid in the western region is Fethiye, only 45 minutes from Dalaman Airport, the beautiful traditional fishing town houses a variety of marinas, restaurants, traditional markets and has a wild and active nightlife. Predicted at GBP7,000-GBP13,000 net return, a two to three bedroom apartment would set you back only GBP95,000, a four bedroom apartment with a pool would set you back GBP175,000 and for that extra GBP5,000 you can get your villa to be on the Beachside. With the scenic island of Sovalye, the rustic but atmospheric pine forests of the Taurus Mountains and the beautiful Turquoise Coast lining the city, it's not surprising that many home owners have snapped up themselves a lovely summer home in this painting-perfect city.

A slightly further two hours from Dalaman Airport, Kalkan stands. A higher class area of Turkey, Kalkan is home to many jewellery and clothes boutiques that line it's narrow cobblestone streets. Complete with a quaint harbour and coupled with a friendly atmosphere, the GBP95,000 it would cost for a two bedroom apartment is good value for money indeed in this tranquil fishing village.

Istanbul, the nation's commercial capital and the cultural heart of the country is being given a new face as what is expected to be Europe's tallest building, the Varyap Meridian Grand Tower, is being built and expected to be completed in following years. Among the aspirations for the tower is a forty five story residential area with a five bedroom apartment on the top floor costing around one million Great Britain Pounds. Other aspirations for the tower include offices, a hotel, a shopping centre and a sky lobby, creating 750,000 square meters of sellable or rentable property that will begin sale at GBP2,315 per square meter. Aside from the tremendous giant that will soon bring buyers and business from around the globe, Istanbul is the geographical gate between Europe and Asia, being influenced strongly by many cultures as a result. Prices, predicted to have a net return of over 6% are, once again, good value for money. A two to three bedroom apartment will cost the home-buyer approximately GBP100,000 in central Atasehir, the financial center of Istanbul, while for a slightly newer three bedroom apartment in the Ortakoy district you can expect to pay around GBP175,000.

If you're a party goer or have plans of renting out a property to more active clients then you'll want to purchase a property in Bodrum. Containing it's own airport and situated around scenic Gulluk Bay, the city houses many monuments including a 3rd Century BC Ampitheatre and the ancient city ruins of Myndos, now sunk beneath the waves but viewable via the marine museum, situated in the castle at the entrance to the city. The party town of Turkey sports the Woodland Regency Resort, only five minutes from central Bodrum. The resort is being sold by Cumberland Properties, has sixty-two properties for sale and sells as cheap as GBP72,000 (a one bedroom apartment). The resort also owns a clubhouse, two pools and five acres of communal gardens along with a putting green to allow anyone to relax in peace.

So whatever your tastes in properties and surrounding environments, you can't go wrong with a property in Turkey. Cheap and good quality homes are available for the individual or family that wants a second home or the rising entrepreneur who can wisely net a good return with equally wise investments. With multiple international airports and increasingly easy access into the country, it's no wonder that the real housing market today is in Turkey, the cultural centre of the world.

Site: http://www.propertyturkeyforsale.com

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Turkey: Province of Prominence

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