It is well known that 25% of British people aim to retire abroad, and Spain. with its fantastic year-round climate, relatively cheap cost of living and close proximity to the UK is their destination of choice.
This ever-increasing demand for Spanish property is driving property price increases. There is no sign of demand diminishing and growth is expected to continue into the future. Those buying early – perhaps off-plan at well below market value - will benefit from excellent returns on investment in Spain.
Currently, Turkey represents a superb investment opportunity. Over the last few years, Turkey's popularity as a holiday destination has increased dramatically, and its easy to see why. There are beautiful sandy beaches and weather that allows you to enjoy them, and friendly people and inexpensive hotels. With low property prices it's not surprising that many visitors are tempted to buy their own piece of Turkey.
Istanbul, Turkey's biggest city, has become a fashionable destination in the last couple of years, and now trendy Western-style bars and clubs coexist alongside the traditional Turkish cafés, for which the city is best known. The result is an intoxicating fusion of east and west, which is attracting foreign buyers, helped by recent changes to Turkish mortgage law.
At present, most flights into this region are by main carriers, taking 4-5 hours from UK airports, but when low-cost airlines begin servicing this destination there is almost certain to be a significant increase in popularity and consequently property prices. In this event makes investment in Turkey should yield a good return.