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For those looking to further their wealth, the option of property investment is one that cannot be ignored - particularly in Dubai where we’re inundated with investment options on a daily basis.

Taking nothing away from Dubai - a market still offering excellent investment opportunities - one should embrace the perhaps cliché word, diversification. After all, you wouldn’t want to put all your eggs in one basket, would you? One country offering fantastic property investment opportunities is Turkey. This large country offers scenic coastlines, excellent weather and value for money.

The Bodrum peninsula on the western coast of Turkey offers potential investors the full criteria, making the area highly attractive. The peninsula is a beautifully rugged area with an historical past and glamorous present. Staying open all year round, the coastline favours a strong boating community with numerous world-class marinas in towns such as Bodrum and Yalikavak.

Outside of Istanbul, Bodrum airport is currently the busiest in Turkey with connections through 24 different airports in the UK and Ireland. Flying times from Dubai to Turkey are also around the three-hour mark. It’s therefore no wonder that plans are underway to expand the airport - all of which bring in new interest to the region.

Ascension to the European Union is by no means a given - it may happen in the years to come, perhaps not. But this is not the be all and end all for Turkey. Its economy is firing on all cylinders, with various sectors of the country’s industry performing exceptionally well recently. Turkey has gone through profound transformation in the past five years and the economy is now the 16th largest in the world and has been identified by the US Department of Commerce and the World Bank as one of the ten most promising emerging economies.

Turkey also offers some tax incentives that are of high interest to property investors, such as its regulations regarding capital gains tax. If you sell your property after four years, there is no capital gains tax. Property that is sold before the period is over will be charged at the standard rate of income tax (between 15 per cent and 35 per cent), calculated on the difference between the buying and selling price.

Turkey’s strong economic growth has delivered better job prospects, improved real wages and higher GDP per capita, which has fuelled demand for higher living standards. This increase in wealth and demand for high quality properties, coupled with the fact that 70 per cent of the population are under 30 years old, indicates a huge domestic demand for housing.

The Turkish property market is still in its infancy and has recently undergone a period of radical transformation following a number of significant reforms. The housing deficit, new mortgage legislation, increasing personal wealth, a change in attitudes towards debt and a strong expanding economy indicate that the Turkish property market is set to continue its considerable capital growth in the years to come.

As Turkey is large, the young population’s wealth will continue to grow, and this will put strong upward pressure on property prices. Specialising in international property investment, Mackenzie Macmillan advises a solid client base throughout the GCC. Partnered with Braemore-Gemini, a UK/ Turkish developer with multiple international awards, Mackenzie Macmillan will host a three-day Investment Interactive this week, giving potential investors of all levels the unique opportunity to sit and discuss investment options directly with the developer and gain invaluable property investment advice from the company.