Private Forex News

A recent move to allow foreign nationals to purchase property in Turkey will 'open up the market' to British mortgages abroad, according to Julian Walker of Spot Blue.Acquiring a mortgage for overseas property in Turkey was pretty much a no-go area until recently, however, new laws are set to remove the reciprocity clause and also increase the amount of land foreign investors are allowed to buy.Walker recently commented that: "This is about opening borders. If you open up your borders you are giving easier access to investors from all over."The Turkish shores are a lush combination of Mediterranean beaches and waters, with the return of vineyards, olive groves and lavender plantations also starting to flourish. A recent Guardian panel discussed their favourite destinations for holidaying, which could be an investor paradise.Top of the lists were the resorts around Selimiye and Yalikavak in the Bozburun peninsula, Cirali and Kas close to Antalya and Islamlar on the Lycian Coast.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site