http://www.realestatetv.tv/news/conditions_right_to_buy_in_turkey-18627041.html

Conditions are right for the value of housing in Turkey to rise during the next few years, according to a property expert. A recent report in the Turkish Daily News suggested that overseas property investors are starting to take an interest in the area around Bodrum. It stated that although prices have risen to a level most locals could no longer afford, people searching for property for sale in Turkey could find value for money, as houses are still much cheaper than in similar resorts in Italy, Greece and Spain.

Ian Jones, director of investment at fund manager Codrea Savills, told Reuters that he expected prices to continue climbing in the country for a number of reasons.

He explained: “This is a country of some 70 million people with half of the population under 30 and with an average annual population growth of about one per cent.”

Mr Jones added that although the Turkish economy is slowing, it is doing so from a very strong position.

Via: http://www.realestatetv.tv