The Benefits and Advantages of Investing in Property in Turkey
With over 20 years experience of providing construction and real estate investment services, we should know a thing or two about profitable property investment in Turkey !!!
It is widely acknowledged that Turkey is one of the brightest property investment hot-spots in the emerging overseas market and all indicators point to a bright future. Whatever your motivation for buying, Turkish real estate presents a unique investment opportunity, both at this present time and for the foreseeable future.
We consider the design and realisation of our projects less as construction and more as an art form. Elite Group projects are a unique combination of modernity, originality, innovation and sustainability and thus far, all have proven to be sound and viable investment vehicles.
The lively and beautiful Eastern Mediterranean resort of Alanya in Turkey has long been a popular holiday hotspot for European travellers; it is no surprise to find that around 43,000 of these have chosen to buy a second home here – Alanya is now a truly multi-national resort town and numbers Brits, Scandinavians, Russians, Dutch, Belgian, Germans and Poles amongst its foreign ownership contingent.
If you are considering real estate investment in Turkey and would like to know more about the long term investment potential of property in Alanya, here are our Top 10 reasons why Alanya should be your destination of choice:
- Turkey has a booming economy with a bright future. Predicted to be the fastest growing economy in all OECD countries for the period 2012 – 2017, with an annual average GDP growth rate of 5.2%.
- Alanya is a vibrant and cosmopolitan city and an eclectic mix of old and new; modern resort hotels, historical mosques, pulsating nightclubs, quaint cobbled streets, shopping centres and crumbling, historical ruins. It has a stunning natural landscape – sparkling Mediterranean Sea, long and wide sandy beaches, secluded coves, Taurus mountains, fragrant pine forests, mountain rivers and a diverse range of wildlife and flora.
- Alanya has a warm sunny summer climate and short mild winters.
- So many things to see and do and a great base for exploring further afield. Must see places include the ancient cities of Perge and Aspendos and the natural wonders of Pamukkale and Cappadocia.
- Year - round resort with numerous amenities and facilities including restaurants, shops, supermarkets and social activities.
- Large scale investment into tourism based facilities, including golf courses, marinas, waterparks.
- During the summer months, the influx of tourists means that the population swells to a constant of around 500,000 and there is great demand for rental accommodation – both short term holiday lets and medium to long term lets to the tour companies that operate in Alanya (these include TUI, Tez Tour and Neckerman). Rental yields in Alanya are around 7-9% per annum, depending on the property location and on-site amenities (as well as the duration of the letting period).
- Excellent infrastructure is already in place in order to support the tourism industry – this includes an excellent road network, a cheap and efficient public transport system, modern and reliable utility supplies and an abundance of healthcare facilities.
- New build projects constructed and finished to an extremely high standard with a wealth of on-site facilities and amenities. Turkish construction standards are widely acknowledged as amongst the best in the world and Turkish companies feature prominently on the annually published ‘Top 250 International Contractors List’.
- New international airport - Alanya-Gazipaşa – just 45 km from the city centre, meaning a transfer time of around 40 minutes
Elite Group – your Real Estate Partner in Alanya
From inspection trip to property purchase, from signing a contract to transfer of Title Deed, we will be with you every step of the way. This ‘one-stop’ service is vital to ensure a timely, cost efficient and totally satisfactory transaction.
Financial Solutions for all Clients – flexible interest free payment plans and favourable term credit loans (6-10% APR per annum) through our associations with the major Turkish banks.
Comprehensive after sales service ensuring your peace of mind in your absence.
Rental Management Program.