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Turkey set to rival Spain in overseas property market

Overseas specilaist Conti Financial Services has extended its range by offering mortgages for people buying property in Turkey.

The broker expects the popularity of Turkey to rival that of Spain with Britons looking to buy abroad.

The overall number of enquiries Conti has received from people wanting to purchase property overseas has increased over the past six months.

It insists that even in the aftermath of the terrorist attacks in Turkey last month, people are still keen to buy property in and around the coastal resorts.

According to recent figures from the land registry in Istanbul, Britain leads the list of foreign nationals buying in Turkey. Between January and April this year, 588 British citizens had bought properties in Turkey.

Conti managing director Simon Conn says: We have been monitoring the market in Turkey for some time now and even in light of the recent terrorist attacks, people are still keen to buy. Were pleased to be in a prominent position to offer buyers competitive mortgage deals secured on property in Turkey.

With Turkey firmly established within the top ten most popular destinations with British holiday makers, we fully expect it to become the new Spain in terms of its appeal to buyers looking for holiday, retirement or investment properties.


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