Turkey Property Investment News

Expert upbeat about Turkish property

Expert upbeat about Turkish property

Those looking for an investment property in Turkey may be encouraged to know that experts from UK-based property fund Cordea Savills are also investing in the country's real estate.

Cordea Savills is currently in the process of raising €400 million (£319 million) to buy investment properties in both the residential and retail sector.

Ian Jones, director of investments at the firm, told Reuters: "This is a country of some 70 million people with half of the population under 30 ... The economy is slowing but coming down from a high base."

Cordea Savills is optimistic that it will bring back a healthy rate of return, aiming for 25 per cent.

Bodrum could be the ideal place to find a profitable and beautiful investment property in Turkey. It is believed that prices in the area will continue to rise until they compete with more established European resorts in Spain sand Greece, reports the Turkish Daily News.

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