Turkey's EU bid with the European Union made life easier for foreign investors in Turkish property market. In terms of income already turkey has been classified as the 20th biggest economy in the world by the World Bank. The country's economic growth and EU bid has created new downstream investment opportunities and in property market.

Rhiannon Williamson, director of www.ShelterOffshore.com , said the government and the majority of people's opinion are favoring the country joining European Union. Government authorities stick with political and economic reforms to meet EU entry requirements.

Several sectors like transport, telecommunications have been liberalized independent regulation authorities have been created, and these reforms have helped the in-depth economic modernization process. Banking and financial reforms is under way,
Ms Williamson added that work is going on to make property laws similar to those in EU member states to give more confident and secured environment for foreign investors in turkey.
German chancellor Angela Merkel has also made her intentions clear about denying Turkey full membership in EU. France has also opposed turkey's bid to join EU. Spain and the UK are supportive of turkey's bid. Despite tensions between certain EU countries and Turkey, still attracts number of European investors.

Labels: Economy, Market-Trends