Turkish Property Highlighted for Mid-Long Term Investment

Turkey has been highlighted for its mid-long term property investment potential. Julian walker, director of Turkey property specialists Spot Blue believes that demand for property will outstrip supply by a growing margin over the next 5-10 years, and that this will put continued upward pressure on prices.

"Despite the fact that we are enduring one of the worst recessions the world has ever seen, the numbers of people buying property in Turkey continues to grow, and prices are increasing (on quality property in popular locations)," he said.

"We expect demand to begin increasing much faster, at similar rates as we saw in late 2007, from next year onwards. As has been the trend, Turkey will continue to be developed much slower than demand, because of planning laws, which will mean supply shortages and rising prices over the next 10 years," he continued.

In recent weeks rising demand for private rental property has also been highlighted, as Turkey stays on track to receive far more than the 23million tourists it saw last year.

This is again because of slow development in the popular areas, and is increasing rental yields on Turkish property, according to Walker.

"Rental yields in Turkey are currently a stable 6-8%, but you can pick up off plan properties with guaranteed rental yields of over 10% in the popular new emerging areas like Altinkum. As demand for privately rented properties continues to grow rental yields will continue to increase," he said.

Spot Blue is a UK based Turkish property agent, they have apartments for sale in turkey priced from around £50,000.