In the Daily Mail yesterday the following article appeared in the Property section
TURKEY IS ATTRACTING MORE BUYERS THAN EVER SINCE ITS MOVE CLOSER TO EU MEMBERSHIP- REPORTS LIZ ROWLINSON.
"Men wearing white jumpsuits chucking chickens into pits is the most recent but perhaps not the best publicity for Turkey.
Although the areas affected by bird flu last month were hundreds of miles from the south west corner where the british buy homes,an important piece of legislation passed at the same time-making it easier for foreigners to own property in Turkey-has helped quell any doubts in investors minds after the health scare
So the property boom continues. A comment said "we have always had our fair share of upheavals, natural disasters and now bird flu,and in my experience,these are the best times to invest. The new land registry act legislation has been long awaited and will trigger more confidence.We have certainly noticed a significant increase in interest".
For the past two years Turkey,s foreign property market has been one of the fastest growing in Europe at 30 to 40% a year and, since the announcement in October re EU talks, there has been an increase in demand from foreign buyers and the new legislation means they can own up to 30.000 square metres of land in their own name.
An Antalya agent says the current stampede for property is fuelling price rises and mirrors that of Southern Spain 15 to 20 years ago.
Landowners and Developers have realised that there are British buyers prepared to pay the asking price for properties ,and are putting prices up by 50% a year in some areas
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Average prices for apartments with sea views are £70,000 in a country which has 8000 miles of dramatic coastline,much of it unspoilt.
Recent images on TV of poverty-stricken shacks may suggest a Third World country but the real facts are that its economy is rising by 7.2% a year, 5% higher than the EU average and places like Kalkan bear more similarity to the Italian Riviera than the east of Turkey.
Millions of pounds are beingt spent on improvements in infrastructure especially roads linking the coastal resorts plus 100 golf courses.
The British have been at the forefront of the property boom particularly in Bodrum where there are now 7000 expats but also many Turkish second home owners from Istanbul and there is excellent rental potential as it is the top tourist spot for UK holidaymakers. A recent buyer quotes that she found Spain too expensive and ,with the EU interest and peoples perception of Turkey changing, prices will go up.
Several property agents are quoted but one says..
In 2006 investors should achieve capital growth of up to 30% and I expect steep capital appreciation until 2010 before prices level off.
After all the bird flu talking down of Turkey by the Daily Mail we could have kissed the editor for this full page article plus various agents specialising in Turkey.
Hope you all enjoy this but excuse any typing errors as one fingered it took ages haha
Daily Mail Property article 
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