International investor interest in Turkey's residential property market is rising thanks to several years of stellar house prices.
Julian Walker director at Spot Blue International Property told CNBC that property prices in Turkey "remain really quite competitive to other parts of the world." The country's residential property prices rose 12.5 percent in the 12 months to the end of September according to the Knight Frank Global House Price Index.
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"For quite a while now I've thought Turkey is a sleeping giant" Nicholas Barnes head of research at Chesterton Humberts told CNBC. He thinks that the best opportunities are located in the "beachy" locations along the country's Western and Southern coastline. "There are plenty of opportunities for lock and leave beach tourism [or your] typical holiday home."
"You can pay a million pounds upwards for a swanky apartment but equally you can get mid to budget end properties as well," Barnes told CNBC. "So whatever suits your pocket, you can find there."
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Apartments in Turkey's coastal resorts go for as little as $50,000 and villas are around $300,000, according to Spot Blue's website. Similar apartments in Spain range from $100,000 to $250,000 with villas going for around $400,000.
Barnes added "People who are worried about what's happening in Spain at the moment might think gosh Turkey is a better bet. It's cheaper and arguably [there is] less risk attached."