Turkey – the next logical step for property investors

Photo credit: Arjen Stilklik

Turkey is the next logical step for property investors, according to Leggett Immobilier.

The international French estate agency announced today that after years of international real estate trading, it is expanding into the Turkish property market. And property investors are expected to follow suit.

The Turkish economy continues to grow quickly (6.6% in 2011) and it has a strong and stable banking sector with mortgage lending increasing by around a quarter for each of the last two years. The combination of affordable prices and low interest rates makes Turkish property particularly attractive to international investors who are currently seeing yields of between 5-8%.

"Leggetts are a growing force in the international property market and we see Turkey as the logical next step in our expansion," commented Chief Executive Trevor Leggett. "It has been widely reported that research from the Central Bank states that foreigners purchased $1.1billion of Turkish property in May alone this year - this is a huge vote of confidence in the Turkish real estate market and when you mix political and economic stability with stunning scenery and a superb climate we believe that we are on a winner."

Leggett Turkey has properties for sale in all of the most popular areas within Turkey and has a head office in Bodrum. The company is run by Bilfer Budak who explains the unique proposition open to clients:

"There are plenty of agents and websites offering a myriad of properties for sale within Turkey. Our agency is different. We only add a property into our portfolio if it offers two things - a prime location and value for money. Our clients know that we have already sifted through thousands of villas, apartments and houses to find the very best that Turkey has to offer. We also endeavour to give as much information about our properties as possible with many of them having "virtual tours" so that you can get a real flavour of the property before flying out. Our goal is to help clients exploit our local knowledge and to offer a friendly and professional service to both buyers and sellers alike."