According to Knight Frank’s recently release global house price index, the average price of property in Turkey has increased by 10.5% in the last 12 months. UK) 27 September 2012
Loxley McKenzie, Managing Director of Colordarcy.com commented, “You can minimise the risk of investing in property by investing in property markets that are already in an expansion phase such as Turkey.”
The question, where can I make a fast return on property? Is a common one amongst investors according to Colordarcy.com. People who have the money to invest at the moment are rightly cautious about where they will invest it.
Few want to invest it in EU countries because they are not confident about:
1...The economic problems of countries like Greece and Italy
While some with an appetite for risk may still invest their money in EU countries, Colordarcy.com recommends Turkish property as a low risk alternative that is not too far away from either Europe and Asia.
Turkey is a country that offers low entry prices and a property price growth that has actually been speeding up month on month since May this year (Source: Gyoder). Part of this is due to the recent Turkish Property law change which opens up the door to a new influx of investors from Arab states.
According to Gyoder’s new home price index, the average price of property increased by 1.07% as recently as July. If this pace of growth continues into next year, investors in Turkish property can enjoy 10% growth on their investment in 12 months.
McKenzie added, “There is no reason to believe that further increases in Turkey property prices will not happen, quite the opposite. The Turkish government has actively encouraged its Middle Eastern neighbours to invest in property in Istanbul for example and this has helped increase both demand and prices.
Supply of housing stock in Turkey is actually lower now than it was at the same time last year. So for investors who want a super fast return from property and yields of 8% look no further than Turkey.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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