Bodrum

Buyers looking for overseas properties could benefit from investment opportunities in Turkey, as prices look set to rise in the near future.

One UK property fund manager, Cordea Savills, is in the process of raising €400 million to invest in Turkish real estate with an estimated rate of return of 25 per cent, reports Reuters.

Ian Jones, director of investments at Cordea Savills, commented: "This is a country of some 70 million people with half of the population under 30 and with an average annual population growth of about one per cent."

He added that although the economy was cooling, it was "slowing but coming down from a high base".

Those looking for a holiday home as well as investment properties in Turkey may wish to consider the Bodrum district of the Turkish Riviera, where prices are low but expected to soon compete with Mallorca and Saint Tropez, according to Turkish Daily News.