• Turkey is one of the most stable and fastest growing economies in the world, reaching $736 Billion in 2010 compared to $230 Billion in 2002, tripling its income per capita.
• Turkey attracted $94 Billion in foreign direct investments (FDI) in the past 8 years, whereas it had attracted $15 Billion in the preceding 3 decades!
• Turkey is projected to be the fastest growing economy among the OECD countries during 2011 till 2017 with an impressive annual average growth of 6.7%.
• Turkey has a young and large population of 75 million citizens with 28 years average age and currently growing at a rate of 2% annually. 70% of its population is below 35 years of age.
• Turkey Tourism Strategy 2023: Determined to be the world’s fifth largest country for tourism by 2023 with 50 million tourists (up from 30 million in 2011), Turkey is taking bold steps towards realizing this vision such as prioritizing health and geothermal tourism, winter tourism, marine tourism, ecotourism, pasture tourism, etc...
Why In Fethiye ?
Home to Oludeniz, the most famous and most photographed beach in Turkey, renowned for being one of the world’s best spots for paragliders from all around the world!
• Ideal place for touristic activities such as boat trips, safaris, sky and water sports, nightlife, etc.... and skiing in winter.
• Benefiting from a fully developed infrastructure as well as a strongly protected ecological environment by the Turkish government (maximum G+2 floors; 10 to 25% built-up area). Extremely green town surrounded by mountains, sea, rivers and islands.
• A well-studied infrastructure with convenient facilities such as marinas, promenades, nightlife areas, shopping areas, schools, hospitals, etc... as well as master plans for cable cars, large shopping malls, etc...
• A full fledged urban town of 100,000 inhabitants (including more than 10,000 British residents) welcoming over a million tourists every year and serving an extra 200,000 inhabitants from several surrounding towns.
• Fethiye enjoys 2 main touristic hotspots: The Blue Lagoon (consisting of Oludeniz, Hisaronu and Ovacik) and Calis Beach where most tourists are concentrated, ensuring a high return on investment via good holiday rental programs.
Additional Reasons and Advantages of buying:
Since properties in other Mediterranean locations are too high and those markets are now saturated, Turkey is almost set to become a favourite destination to buy real estate. The advantages of buying property here, whether it's for a holiday home, a permanent home or just as an investment, can be split into two broad categories - economic and location:
Economic
Turkey is one of three OECD (Organisation for Economic Co-operation & Development) countries with the most competitive prices.
Property prices are steadily increasing and there is likely to be a significant difference between the acquisition cost and the money you will receive when the property is sold.
Factors likely to push future property prices up include:
- Plans to allow 89 new countries to have the right-to-buy in Turkey, including the GCC countries such as Saudi Arabia, Kuwait, Qatar, UAE, Bahrain, etc...
- Turkey Tourism Strategy 2023: Clear plan to becomes world’s 5th largest touristic destination (currently 7th) by attracting 50 Million Tourist yearly by 2023, prioritizing ecotourism, health and geothermal tourism, marine tourism, winter tourism, etc....
- Population growth
Location
Agreeable climate - hot and dry summers, mild and wet winters in the Aegean and Mediterranean areas.
- Plentiful beaches.
- Beautiful countryside and areas of outstanding natural beauty.
- Wide range of outdoor activities, sightseeing and historical places of interest.
- Low crime rate.
- Low cost of living.
- People in Turkey are warm and hospitable to all foreigners.
- The state is fair for all residents regardless of their religion, social background, ethnic origin, gender and culture.
- Suitable for people wishing to retire.
- Good job opportunities for qualified people who would like to either work in Turkey or establish their own enterprise.
Taking into account the above and the expected future developments in the property market, investment in real estate is highly likely to yield substantial gains for investors.
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