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Finally an overseas mortgage for Turkey

Turkey offers a fantastic lifestyle

Turkey offers a fantastic lifestyle

5th September 2006

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 very first time.

Interest rates are fixed with options currently available in 2, 3 and 5 years and a maximum term of 20 years. The scheme will be based on affordability and is a full status product, meaning they are only available as a repayment mortgage. As always these mortgages are subject to status.

Purchasers from the UK, 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 21,000 properties have been sold within the past two years in the Aegean coastal areas of Fethiye, Bodrum, Didim and Altinkum.

Many of the regions airports have been fully updated and the infrastructure and roads have been dramatically improved.

Turkey is also in talks to join the European Union (EU).

Now that overseas mortgages are 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 about available mortgages and a superb selection of property in Turkey's most popular resorts and regions starting from as low as £18,000 visit www.onestopturkishpropertyshop.com.



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