These days it is impossible to separate the words Turkey and reform. Applying to become a member of the European Union in 1992, it has since then been necessary for the country to embark upon some major reforms concerning its infrastructure; reforms in the areas of law, finance and not least of all, human rights. Much progress has already been made, although it is likely that the reform process will still require several years more before conditions in the country meet those of other European members.
One important issue still giving widespread concern is the risk of country-wide Islamic militancy. However in a fundamentally secular state since its founding in 1923, with the guiding principles of enlightenment and rationalism, such a risk is somewhat unlikely to become a reality.
With regard to property values, prices throughout Europe, particularly those within the new member states, have been showing significant gains in recent years. Gains in Turkey are also now on the increase, and there is no reason why, once the country becomes a full member, significant gains as seen elsewhere will also follow in Turkey.
So it is really a great time to be investing in Turkish property. Perhaps some of the best places to invest are certain strategically located urban properties in major business centers. Obviously, properties in Istanbul are worth serious consideration, as are those in all other major cities. Businesses will need these key locations.
Once Turkey becomes a full member of the European Union, and there is no doubt that very soon that will be the case, property prices across the country are set to escalate significantly, so it is critical for investors to get in now before all the best investment opportunities are taken.
Turkey is also starting to attract serious business investors, with many multi-nationals having already set up there. This in turn has increased demand for rental property, particularly in the larger cities. Furthermore, low-cost airlines are also opening up the country. In fact Istanbul is only a short flight away from many European capital cities.
Outside of the main business centers, in Turkey you will find some incredible coastal resorts with excellent beaches. Tourism has for years been of importance to Turkey, but the future holds yet more developments in this area. Therefore properties in the main tourist areas around the coast and inland also stand to make impressive future gains as tourism becomes more mainstream.
There is much to attract the tourist in Turkey, from the mountainous ancient Anatolia in the East, to the historical sites and sandy beaches in the West, and everything in between. From the natural white marble candy-floss pools of Pammukale, to the Blue Mosque and Topkapi Palace in Istanbul, not forgetting the sandy beaches of Antalya in the South Turkey has something for everyone.
Before concluding this brief overview of the Turkish investment scene, one important area of Turkish culture must not be overlooked, that of the wonderful Turkish cuisine. Everyone has heard of the ubiquitous Turkish delight, or Lukumi, but the kitchens of Turkey are brimming over with wonderful tasty meat and vegetable dishes. Followed by one of the many delicious sweets and washed down with a brewed-to-order coffee or tea, and a Turkish meal is sufficient to satisfy the most sophisticated of tastes.
One important issue still giving widespread concern is the risk of country-wide Islamic militancy. However in a fundamentally secular state since its founding in 1923, with the guiding principles of enlightenment and rationalism, such a risk is somewhat unlikely to become a reality.
With regard to property values, prices throughout Europe, particularly those within the new member states, have been showing significant gains in recent years. Gains in Turkey are also now on the increase, and there is no reason why, once the country becomes a full member, significant gains as seen elsewhere will also follow in Turkey.
So it is really a great time to be investing in Turkish property. Perhaps some of the best places to invest are certain strategically located urban properties in major business centers. Obviously, properties in Istanbul are worth serious consideration, as are those in all other major cities. Businesses will need these key locations.
Once Turkey becomes a full member of the European Union, and there is no doubt that very soon that will be the case, property prices across the country are set to escalate significantly, so it is critical for investors to get in now before all the best investment opportunities are taken.
Turkey is also starting to attract serious business investors, with many multi-nationals having already set up there. This in turn has increased demand for rental property, particularly in the larger cities. Furthermore, low-cost airlines are also opening up the country. In fact Istanbul is only a short flight away from many European capital cities.
Outside of the main business centers, in Turkey you will find some incredible coastal resorts with excellent beaches. Tourism has for years been of importance to Turkey, but the future holds yet more developments in this area. Therefore properties in the main tourist areas around the coast and inland also stand to make impressive future gains as tourism becomes more mainstream.
There is much to attract the tourist in Turkey, from the mountainous ancient Anatolia in the East, to the historical sites and sandy beaches in the West, and everything in between. From the natural white marble candy-floss pools of Pammukale, to the Blue Mosque and Topkapi Palace in Istanbul, not forgetting the sandy beaches of Antalya in the South Turkey has something for everyone.
Before concluding this brief overview of the Turkish investment scene, one important area of Turkish culture must not be overlooked, that of the wonderful Turkish cuisine. Everyone has heard of the ubiquitous Turkish delight, or Lukumi, but the kitchens of Turkey are brimming over with wonderful tasty meat and vegetable dishes. Followed by one of the many delicious sweets and washed down with a brewed-to-order coffee or tea, and a Turkish meal is sufficient to satisfy the most sophisticated of tastes.
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