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Expatriates advised to consider Turkish property potential

The number of expatriates calling Turkey home could be set to rise substantially over the next couple of years as investors take advantage of favourable exchange rates, experts have claimed.

Alongside the country’s warn climate and top beach resorts, expatriates are likely to be drawn to Turkey by its relatively undeveloped property market, with second homes in the sun still affordable outside of the major cities.

According to Cumberlaud Properties, this combination of factors should ensure that Turkey increases in popularity among expatriates from all nations in 2009, but particularly those from the UK and from within the Eurozone.

"The economic advancements and developments in Turkey are hugely positive at the moment and buying into Turkey during this period of growth is an ideal investment opportunity," the firm’s director, Eric Kaya, explained.

"Would-be investors can now be assured that they are investing into a nation with a healthy economy and one where the property market holds long-term potential for strong capital appreciation."

Recently-published statistics from the Turkish Tourist Board show that visitor numbers were up by around 13 per cent in 2008.

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