Turkey hailed as a dream home for retirees

Turkey hailed as a dream home for retirees
Turkey has been hailed an ideal place for Brits looking to live abroad during their retirement.

Cheap living costs and "exceptionally low" house prices mean that retirees and expatriates are increasingly attracted to the Eurasian country, according to the Global Property Group.

For £65,000, a three or four-bedroom new-build villa with pool can be purchased, while £35,000 could pay for a two-bedroom apartment, the firm said.

Director Mike Dunkerley said that compared to Spain and Bulgaria, Turkey is a "well-kept secret".

"It is a huge country and there are places where prices are exceptionally low," he commented.

"Money in the bank earns 18 per cent interest – yes, 18 per cent – so you can live off savings. There are expat British communities doing precisely this."

According to Atlas International, there are currently 12,000 British-owned properties in Turkey.