EU admission for Turkey could boost property investment
Turkey works to enter the EU and in doing so may open doors for additional property investments; Turkey is named a property hotspot for 2008.
The people of Turkey are working on improving the country's laws and regulations as well as firming up other areas including infrastructure in the hopes that the country will be admitted into the EU. European Union admittance would usher in the realm of opportunities here, especially since many believe that the country already offers plenty of investment clout.
According to some leading investment firms, Turkey is one of the top locations to find valuable property overseas for 2008. It was named by HomesGoFast.com as one of the leading countries for overseas investment, alongside countries like Dubai, Egypt, Brazil and the US.
Turkey has become a new trend in holiday goers which will translate into property value gains for the country. Additionally, the rental property market here is high, making for a good opportunity for investments to be successful in the buy to let campaign.
According to many experts, with the country entering the EU, there will be additional benefits including the ease of which potential investors will be able to purchase property here. Investors would feel confident and secure in their decision to do business in Turkey.
Currently, there are some laws that need to be adjusted and other requirements to be met before admittance can be accepted by the EU.