Article by: Kelly Macfarlane info@didimsun.com Published: 05/05/2008

Turkey is ideal for retirees

Didim Sun Properties, based on Turkey’s Aegean coast, specilaise in offering a wide choice of property for all kinds of budgets. With 2 bedroom apartments starting around £26,000 and villas starting at £55,000 there is something for everyone on the market at the moment. “The 2 bedroom apartments are the most popular type of properties with British pensioners” says Max Seyfi, Sales Manager at Didim Sun Properties, based on Turkey’s Aegean coast but Max also goes on to say that their company has noticed an increasing number of people looking to self-design and commission a build, over the last two years – mainly from clients who cannot find their perfect permanent home ready made and those who already have one or more properties in Turkey and are now looking for their permanent home. In addition, keen investors who choose to self-design a build are benefiting from lower prices as developers benefit from the building being ‘sold’ before work is begun hence there is no borrowing involved.

For all investors, Turkey offers some of the best value for money invested. There are more than 2.5 million people in the UK and Ireland who own property overseas and many of those people are looking to permanently relocate. With the cost of living being as cheap as it is in Turkey, those who relocate to Turkey benefit from a more comfortable standard of living. Turkey offers buyers great value for their property, a lower cost of living, a warm, Mediterranean climate and really friendly people. English is widely spoken where the majority of ex-pats live as the locals improve their language skills to try to compete for British as well as local customers.

The Turkish banks offer savers a whopping 16-18% interest on their savings which is another pull for pensioners. It is common for ex-pats to live comfortably off of the interest on their savings in Turkey. Some have no savings but benefit from a comfortable lifestyle on a state pension – paid into their Turkish bank account.

External Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=131

Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=131

Please contact the author at info@didimsun.com for more information.