Reasons to buy in Altinkum, Turkey:-
1) Property prices are still low – 1 bedroom apartments from £26,000.
2) The area has been specially designated for tourist development by the Turkish Government.
3) The building of a $50 million marina in Altinkum was built in 2009, which is the largest marina in Turkey and one of the largest in Europe. There will be a new ferry terminal linking the town to the Greek Islands.
4) There are numerous plans for the area including 3 new golf courses, a 7-star hotel, a £650,000 cinema and a new shopping centre. Extensive improvements to the local infrastructure are already underway.
5) Favourable buying conditions with low property taxes and no capital gains tax after 4 years. Properties are purchased freehold via a simple legal process.
6) Turkey is expecting to join the European Union in the future and high capital growth is set to continue.
7) Turkish Mortgages became available in Turkey in 2007, simplifying the buying process.
8) Turkey is well known for its long hot summers lasting from April through to November, with 300 days of sunshine a year.
9) Budget airlines are now operating to Turkey.
10) The cost of living is cheap in comparison to the UK.
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