A stronger pound and loosening laws mean snapping up a Mediterranean holiday home is easier than ever.
British buyers put off by the Eurozone crisis are realising now is an ideal time to buy a Turkish property. Because it”s outside the EU, Turkey’s economy has suffered less than its neighbours. Changes to foreign ownership regulations also mean buying a Turkish holiday
or retirement home is simple and painless. What’s more, since most Turkish homes are sold in euros, the strong pound will get buyers more for their money. Cameron Deggin of Place Overseas described the situation as a “perfect storm” for buyers. “Turkish property isn’t at risk of devaluing in the near future, thanks to the fact that Turkey isn’t part of the Eurozone. With laws loosening it’s a great time to buy “� citizens of the Middle East can now buy freely, which is stimulating the market, and foreigners can now buy greater tracts of land. It’s a win-win situation.”
Source Property Turkey.
