Property Investor information: Turkey
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Property Investor information for: Turkey
Turkey enjoys a stunning location at the eastern end of the Mediterranean. A long, scenic coastline, excellent weather, friendly people and value for money have made the country a favourite package holiday destination for over 20 years. More recently, the prospect of EU membership, although still at least a decade away, has made the country one of the Mediterranean’s hottest emerging property markets.
Government figures reveal that over $1.3 billion was invested by foreigners in the Turkish property investment market last year, with investors attracted by low property investment prices and the potential for capital growth as the country enters into EU accession negotiations later this year. The country’s booming property investment market is coupled with an improving economic outlook. Prudent economic leadership from the mildly-Islamic, pro-European government of Tayyip Erdogan, elected with a rare parliamentary majority in 2002, has helped the economy recover from a deep recession. An on-going raft of economic reforms continues to boost property investor confidence and improve economic performance.
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