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Market shows a huge demand for luxury property for sale in Bodrum Turkey. People are buying properties even at the lower and middle ends of the market. However before investing on any Turkish property for sale, one should remember a few important facts.
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Luxury property for sale in Bodrum Turkey, Turkish Property for sale
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If you love Mediterranean climate with hot summers and mild winters, you may go to Marmara, Aegean, and Mediterranean coasts of Turkey.
If you love warm summers, mild winters, and relatively high rainfall, Black Sea Coast may be a good destination for you.
For steppe climate with hot, dry summers and cold winters you may go to Central Anatolia. Or if you want long snowy cold winters with mild summers, you should be there in Eastern Anatolia.
Yes, you have ample of choices in Turkey. What else!
Turkey is a treasure-hunt for those who want to enjoy a warm vacation in some Mediterranean area. Apart from this warmth you have world renowned Turkish cuisine to satisfy your taste buds.
For last quite a few years, Turkey has seen massive growth in foreign property investment, so much so that, land prices in the costal areas have become almost double. And at least a 25% growth in other areas.
However, in comparison to other European countries, land prices are much cheaper over here. In addition, Turkey government is spending huge amounts on transport and infrastructure development. But this modernization project is not carried forward at the cost of its 10,000 years of history of civilization.
To add to this average living costs are too low in comparison to what you have there in UK or other European countries.
People from around the world, are eager to buy, for that matter, any Turkish property for sale as a safe and profitable future investment. Other reasons that add to this are higher yields from greater rental returns with longer rental periods and lower maintenance cost.
Market shows a huge demand for luxury property for sale in Bodrum Turkey. People are buying properties even at the lower and middle ends of the market for the scarcity of spaces at the upper and central places.
However before investing on any Turkish property for sale, one should remember a few important facts. Note that your country allows you theoretical right of freehold ownership of property to a Turkish citizen. Otherwise you will not be allowed to buy any property.
One should always remember that a land in Turkey is allocated to serve specific functions according to the zoning schemes of the nearest town or village. A foreigner over there can not own real estates that are physically located outside the designated centre of the nearest town or village.
Carefully note that, the land you are willing to buy is allocated for your purpose by the Government. If that piece of land is allocated for any other purpose but yours, you will be facing huge problems while developing.
Take expert’s opinion before investment.