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Buy property in Turkey with low cost developer finance - 11 December 2009

Developers in Turkey are providing low cost finance.

The poor availability of mortgage lending and high interest rates is often prohibitive when buying property in Turkey. Well established developers have seen this as an opportunity to increase sales by offering their own finance schemes.

Mecitoglu homes - a CNBC award-winning developer from Antalya in Turkey - are offering 0 per cent finance over 5 years. Their latest property for sale in Kumkoy (Babylon) is a contemporary designed development of service apartment with prices starting from £ 57,000. Located only 650m from the Sandy beaches of Kumkoy -the heart of the popular Mediterranean tourist resort of Side- it is sure to be an attractive investment for those seeking to buy property in Turkey.

Head of Marketing at a Turkish property specialist at www.propertymarket-investment.co.uk Graham Flaherty says ’We are seeing a strong demand for property on Sale in Turkey with creative financing options that make it affordable for everyone to purchase’.

‘Turkish property on sale in Dalaman is being offered with a 100 per cent financing for those with 30 per cent deposits in their bank accounts and that qualify for Euro mortgages’ He added.

An established developer with 30 years experience in construction across the Didim peninsula provides finance at 5% interest rates over 60 month payment terms on all their property. Typical two bed properties on sale in Altinkum costing £45,000 can be purchased with as little as £25,247 and £425 per month payments over five years.

Turkey is and increasingly popular destination for tourists and rental returns appear lucrative. Low entry costs could make Turkish property a very good option for buy to let investors.

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