Turkey Property is Getting Hotter Says Principal International

Woking, United Kingdom, June 20, 2007 --(PR.com)-- Principal International, one of the UK’s leading overseas property investment companies says that property in Turkey is becoming a hot investment location as more and more serious investors look further a field to escape the traditional European favourites such as France and Spain.

With the recent introduction of new mortgage laws and the improvement in its infrastructure, the floodgates are set to open and new competitively priced opportunities will become available to the investor market as the economy of the country grows.

Simon Ryeland, Director of Principal International quotes "with more foreign capital being encouraged by the government, the expectation is that the countries economy will flourish bringing with it more tourism and therefore investors”.

The ongoing development of new roads and much improved and increased airport facilities makes Turkey one of Europe’s hottest investment destinations in 2007, its popularity is further increased by the low price of high quality beachfront resort apartments and villas. Principal International has a number of these properties and others for sale starting from 65,000 Euros, see their website for details: http://www.principalinternational.co.uk/.

The government in Turkey have come to realise that the existing laws on foreign land ownership have restricted investment and it could be said therefore limited tourism. With the introduction of competitive mortgage facilities to foreign investors, Turkey is emerging as a prime property investment market.

Visitor numbers are increasing year on year and with that brings potential investors says Principal International, added to that, prices in some of the more popular resorts are reported as rising healthily. Some 500,000 visitors each year come here purely for health reasons, according to the Turkish culture and tourism department. Turkey boasts 1500 geothermal resources with chemically rich thermal waters, and this makes it Europe’s number one location for geothermal potential.

###