TURKEY;
The bomb side of things is not an issue for me, people have very short memories and life just has a way of going on despite such events.
The reason it does'nt work for me is the same that applies to most touristic areas - RENTALS ARE TOO SHORT.
I know a chap owns a nice contemporary villa in Calcan overlooking the town cove. Problem is he gets at best 4 months rent per year. TAKING THE COST OF HIS MORTGAGE IN THE UK, THE LOSS OF INTEREST ON HIS DEPOSIT, THE MANAGEMENT & OTHER COSTS TO INCLUDE THE MANY REPAIRS THAT CROP UP, HIS YIELD IS ABOUT 2% PA.
I invested in Saidia Morocco as the rent season should be extended to the maximum possible for a touristic property. This is driven by onsite (not down the road) golf (3 courses),onsite massive marina, 500 shops (lucky to get 5 in most Turkish developments),western cinemas, bowling alleys, many onsite gyms, fitness and leisure centres, sports parks, several spas, its own 6km beach (again on site - this is crucial),own small hospital, onsite rental agents and 11 on site 4 and 5* hotels to promote the development for free!!
Turkey certainly has it's attractions and I really enjoyed my holiday there but until they come up with a sSaidia type developmnent it is'nt an investment that stacks - up.
Furthermore the Turkish property competetion is intense and that definitely will check prices and rents just as in Sapin and Florida.
Saidia is one of 6 Plan Azure Governemtn developments whcih will provide some 20,000 privately owned properties, but thats a drop in the ocean against 10m + visitors expected by 2010. There are non Government developments but I think the 'Royal' Plan Azure developments will have a niche.