Boom in Turkey's construction sector
Tuesday, March 4, 2008
NatWest International, a UK bank report says that the turkey's construction sector is extremely vibrant and also about the increase in demand in construction sector with low property prices. In recent years the real estate and construction sectors have made up about 10 percent of Gross National Product.
Turkey's economy is now enjoying strong growth and is attracting foreign investors. The banks real estate experts reckons that the real estate and construction sector will outpace overall economic growth this year to become a more important chunk of the economy. According to the survey conducted among real estate experts of the bank, Bulgaria and Turkey top the list with 75 and 56 percent in buyers preferences followed by France with 46 percent and Portugal fourth with 41 percent.
In the survey, 53 percent of the respondents coupled the rising demand with the low prices and media effect, 33 percent stressed the importance of advertisements in the press abroad. Majority of the English real estate consultants said property investors demands increased overseas and emphasized that the increasing real estate prices in England for this sudden surge of property market in turkey.
Social BookmarkingTurkey's economy is now enjoying strong growth and is attracting foreign investors. The banks real estate experts reckons that the real estate and construction sector will outpace overall economic growth this year to become a more important chunk of the economy. According to the survey conducted among real estate experts of the bank, Bulgaria and Turkey top the list with 75 and 56 percent in buyers preferences followed by France with 46 percent and Portugal fourth with 41 percent.
In the survey, 53 percent of the respondents coupled the rising demand with the low prices and media effect, 33 percent stressed the importance of advertisements in the press abroad. Majority of the English real estate consultants said property investors demands increased overseas and emphasized that the increasing real estate prices in England for this sudden surge of property market in turkey.
Labels: Economy
