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Politics, Power & Your Turkish Property:

YESTERDAY, TODAY & TOMORROW POLITICS, POWER  & YOUR TURKISH PROPERTY  Tourists continue to stream to Turkey ’s stunning Turquoise Coast . Not surprising really, it offers some of Europe ’s finest beaches, beautiful coastal resorts with warm and friendly people living in that magnificent Mediterranean climate.   Informed debate surrounds Turkeys admission to the European Economic Community, but with the pound buying so many Lire, increasing numbers of ‘Brits’ are choosing to buy property in Turkey. Full EEC membership will add confidence and security for the property buyer but the market already offers very good value on the international stage. Some UK owners reported a 300% capital growth in the last 3 years. Admittedly figures were taken on their exclusive villa properties in prime locations, but the numbers remain impressive.

 500% CAPITAL GROWTH IN TEN YEARS:

	Turkish property has delivered a 500% capital growth in the past ten years. Yes, that’s a 50% annual increase sustained over a decade! Little wonder so many ordinary UK buyers and property investors are choosing Turkey as a safe haven for their money.   International law already favours ‘Brits’ buying in Turkey ’s already strong property market, which is about to get even stronger after next months election of the new Turkish President.   Property investment in Turkey flourished under the government of Prime Minister Tayyip Erdogan. His progressive and visionary leadership built political stability and economic resurgence unprecedented in their recent history.

 TURKEY DEVELOPS POLITICAL MATURITY:

Erdogan’s ruling Pro West A.K. Party controls 367 Parliamentary seats with the C.H.P. main opposition Party having just 150. Whoever A.K. nominates for President next month will be appointed. This is more good news for UK property investors, as Erdogan’s Pro West position will be supported by the Presidency.   A mortgage for foreign investors is one current government initiative set to significantly boost the already buoyant property market. Foreign banks and financiers are already positioning to deliver mortgage funding permitted under the new legislation.   Similarly foreign investment is actively being invited to support and grow Turkey ’s premier business sector. With media, telecommunications and property prime movers in these exciting financial developments - Turkey Develops Political Maturity.

 THE PRESIDENT:

 TOURIST STRATEGY:

	In 1991 after two terms of Government, Prime Minister Ozal was elected as President where he was able to sanction previously unthinkable changes to The Great Constitution. Ozal launched Turkey ’s ‘Tourist Strategy’ for the first time allowing foreign investment to actively promote the countries tourist industry. His vision grew into the major financial, political and social growth we see today.   Despite many difficult issues in the 80’s & 90’s Turkey’s tourist numbers grew from a few hundred thousand in 1982 to nearly 20 million in 2006 and are predicted to top 35 million by 2013.     Like Turgut Ozal in 1991, today’s Premier Erdogan is tipped for the Presidency, although some believe he will remain active as Prime Minister and install another party member as President. Parliamentary leader Bulent Arin is mentioned as a possible candidate, as is Foreign Minister Mr Abdullah Gul, who earned praise for speaking with the Iranian Government promoting the release of UK Sailors in April 2007.

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