Turkey offers a rare investment opportunity
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Hürriyet Daily News
Oluşturulma Tarihi: Nisan 13, 2009 00:00
ISTANBUL - When looking at the great balance of investment potential versus property prices, Turkey is among the best countries in Europe for property investment, according to the Property Abroad Web site, a successful overseas property portal in the United Kingdom.
Quality properties are holding their value during the credit-crunch. And with tourism set to rise to 30 million this year, and the European Union entry on the distant horizon, however far, several signs are good for rapidly increasing prices once the world gets back on its financial feet.
Turkey is without a doubt one of the rising stars in the tourism world, with recent studies ranking it above the traditional destinations of Spain and Italy.
Turkey’s property prices are still very low, the growth they promised a few months ago being stunted by the advent of the credit crunch. This presents a rare opportunity for foreign and local investors as well to buy property in Turkey at the prices found in an immature market. But Turkey is a country set to see new levels of foreign direct investment and visitors. And this translates into what you generally find in an immature market, the Web site said.
Turkey is without a doubt one of the rising stars in the tourism world, with recent studies ranking it above the traditional destinations of Spain and Italy.
Turkey’s property prices are still very low, the growth they promised a few months ago being stunted by the advent of the credit crunch. This presents a rare opportunity for foreign and local investors as well to buy property in Turkey at the prices found in an immature market. But Turkey is a country set to see new levels of foreign direct investment and visitors. And this translates into what you generally find in an immature market, the Web site said.