Turkey 'competitive for investors'
The Turkish property investment market holds an advantage over some other European countries due to the absence of inflated fees, it has been claimed.
Shelter Offshore describes Turkey as a nation with a "very healthy international property landscape", thanks in part to the relatively cheap cost of buying a second home there.
As evidence of Turkey's "winning property formula", the online publication cites a recent survey on hidden buying costs conducted by Which?
The consumer website found that additional costs for the purchase of a £100,000 property in Turkey totalled approximately seven per cent, or £7,000, on average.
In comparison, buying a property in nearby countries such as Greece can result in hidden charges of up to 17.5 per cent once legal costs, land registry fees and transfer taxes are taken into account.
Meanwhile, the survey found that buying a £100,000 property in Bulgaria would incur about £9,000 in additional costs.
Turkey's tourism sector recently received a positive outlook from Ibrahim Acar, director of the Antalya Culture and Tourism Directorate.
He said that parts of the country are still attracting large numbers of tourists, despite the ongoing global financial crisis.
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