Before the global economic recession, the Turkish real estate market was flying high. Prices were on the rise and new homes were going up on nearly every corner. One particular source of pride was the sudden growth in foreign investment. At present, nearly one-hundred thousand foreign nationals call Turkey home. Many more own vacation homes in Turkey.
Where are they now? Fortunately, the Turkish housing market did not experience as dramatic a downturn as many other European countries. As a result, their recovery has been much shorter and less painful. In fact, many of the homes that remained unsold during the recession are selling as we speak.
Why buy Turkish property ? As we mentioned, Turkey is a growing market that offers attractive investment opportunities. Perhaps that is why many foreign buyers are looking for homes that need a little work.
A fixer-upper in a foreign country can be an exceptional investment. More often than not, little improvements are all that are needed to spruce up an old dusty abode that has seen better days. Let us take a moment to discuss a few simple projects that can be completed on the cheap.
For most homeowners, the kitchen is first on the list. But improving the looks of the kitchen need not cost you an arm and a leg. Sand and stain the cabinets, replace antique appliance, paint the walls and put in some inexpensive tile or linoleum. These simple alternations will only set you back a few thousand pounds.
Other simple and inexpensive solutions that can make an old home look new include: painting the exterior, replacing the front door, installing new window treatments, refinishing old wooden floors, and replacing ancient fixtures.
