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Finally an Overseas Mortgage For Turkey
After many months of delay non-nationals wishing to purchase a holiday home in Turkey are now able subject to approval to raise funds through a mortgage for the 1st time.
Purchasers from The United Kingdom, Ireland, Germany and Holland have been increasingly choosing the stunning Turquoise coast and beautiful countryside of Turkey as their preferred location to purchase a holiday home for themselves and their families.
It is estimated that in excess of 21000 properties have been sold within the past 2 years in the Aegean coastal areas of Fethiye, Bodrum, Didim and Altinkum.
These will be repayment mortgages over a maximum term of 20 years and with the choice of 2/3 or 5 year fixed payment periods.
Many of the regions airports have been fully updated and the infrastructure and roads have been dramatically improved.
Turkey has benefited over the past year from a boom in tourism from all over Europe but mainly from the UK and Ireland.
During 2006 new budget airlines have started flights from all over the UK and Ireland to many of Turkey's most popular airports.
Turkey is also in talks to join the European Union.
Now that overseas mortgage is available in Turkey this trend is likely to continue for the very foreseeable future and may explain why many property investors are as keen on Turkish property as those simply looking for a great holiday home.
For details of the mortgage available and a superb selection of property in Turkey’s most popular resorts and regions starting from as low as £18,000 simply visit.
About the Author: I own a UK independent mortgage brokerage and agency specialising in the sale of superb properties on Turkey's stunning coast.
Please visit the site for further details of the mortgage for Turkey and a great selection of Turkish property at http://www.onestopturkishpropertyshop.com