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Turkey’s appeal is still great with the nation where east meets west is recommended as the best country to buy property in Europe by the Global Property Guide Property Recommendations mid 2010 report.

Released this week, the expert report reviewed major global property markets, focusing on how much appreciation in value a property in a certain location is likely to see as well as the future earnings it will yield.

The Global Property Guide data stated that gross rental yields are currently at 5.48% with significant potential for growth, specifically in primary cities like Istanbul where properties remain affordable and demand strong.

Steven Worboys, MD of Experience International, the Turkey investment property experts, comments,

“I believe that Turkey, and Istanbul in particular, presents one of the most appealing property investment opportunities available in Europe at the moment and it is pleasing to see that the recent Global Property Guide Recommendations report supports this.

“Rental incomes are currently higher than many other traditional second property locations in Europe including Italy (5.04%), France (3.85%), Spain (3.81%), Portugal (3.63%) and due to the significant shortage of housing, currently at 5.5 million housing units by 2015 (according to the Central Bank of the Republic of Turkey) rental yields and capital gain are forecast to increase further.”

As well as robust rental yields, Global Property Guide recommends investing in markets where high GDP growth is expected. Turkey was hardly affected as much as many of its neighbours by the financial crisis with 6% economic growth in Q4 2009, up to 12% predicted by the Turkish Finance Minister for Q1 2010 and 6.7% p.a. between 2011 – 2017 by the OECD, the highest growth predicted of all member countries.

At the moment property in Istanbul can be secured off-plan at up to 50% below completed prices. The sought-after No1 Knightsbridge development for example in Beylikduzu, on the European side of Istanbul offers studio, 1, 2 and 3 bedroom luxurious apartments from as little as £41,000 with a 2 year protected rental guarantee of 7.5% and 70% mortgages available.

Further south, along the Aegean coast, completed property like the Capital Villas located in the tourism hotspot of Kusadasi, just 1 hour from Izmir international airport, can be invested in from only £105,000. These luxury 3 to 6 bedroom properties are just 100m from the beach and afford stunning views out into the Aegean Sea.

For additional details about investing in the best property market in Europe, contact the experts, Experience International on + 44 (0) 207 321 5858 or visit Experience-International.co.uk.

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