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Turkey Property Attracts Investors
According to one Turkish property expert, the news coming from Turkey - and in particular Istanbul – is purely positive in terms of property investor potential. We take a closer look…
Published in: Property in Turkey - Wed, May 25, 2011
To suggest that Turkish property is experiencing something of a purple patch would be the understatement of the year so far according to one property expert who we recently spoke to.
The largest property developer in the United Arab Emirates recently announced that it will invest $700m into an Istanbul housing project, and research by top accountancy firm PricewaterhouseCoopers (PwC) reveals that Turkey’s GDP has grown from 3% to 5.5% in just two years – therefore according to Graham Flaherty from IstanbulPropertyInvestment.com, there is little question that Turkey - and in particular Istanbul - remain attractive real estate investment locations.
Despite the global economic downturn and the direct impact that this has had on many investors’ activities, there are still small markets with massive potential for growth and rental return…and seemingly Turkey is one of them.
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