Holiday Lettings news - Turkey set to benefit from high-speed train link

Turkey set to benefit from high-speed train link

A new high-speed rail link could boost the property market in one area of Turkey, Homes Overseas speculates. The line between Eskişehir, in central Anatolia, and the capital Ankara is reportedly now ready for the trains to be test driven.

The new service is set to cut the journey time from Ankara to Eskişehir from three hours to just over one, which is expected to drive demand for property in the region. Real-estate in the area is currently "extremely affordable", with prices starting at around €15,000 (£12,000). Test-driving the trains, which were specially built in Spain, is expected to continue for several months.

Furthermore, the Turkish property market is weathering the current economic climate well, overseas property experts at ShelterOffshore.com assure. The market is "shrugging off worries about global recession", and is expected to perform well this year, with the website citing "excellent climate, beautiful scenery and the Turkish government's ambitious tourism development plans" as attracting investors.

According to the author of the 'Buying in Turkey' guide, Dominic Whiting, average property prices in the country's resorts are set to increase by at least 15 per cent this year.

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