$10bn foreign investment from 2003 to 2007
Monday, July 28, 2008
Today's Zaman has reported that More than $10 billion (£5 billion) was spent by overseas investors buying Turkish real estate till the end of 2007 and the country's economy is growing at an increased rate.
According to Data from the Turkish Statistics Institute, Turkey's economy has continued to experience growth this year during the first quarter of 2008, the country's gross domestic product (GDP) was 6.6 per cent up when compared to 2007.
Property hunters looking for a second home or an investment property may wish to consider buying in Turkey for the low prices available in the country. Sunday mail has reported that Properties start as little as £19,000 for a holiday home, a good deal compared with the costlier areas of the Mediterranean such as Spain and Portugal.
The figures are likely to be of interest to overseas investors considering buying property for sale in Turkey, as the country has already become the "preferred venue" for property investment in the Mediterranean region. With the growing demand, property experts consider, Turkish real estate is as close as investors can get to a safe bet in terms of guaranteed returns.
This comes after the Voices newspaper reported that Turkish properties are becoming increasingly popular with Brits who want to live abroad and predicted that a record number of British buyers will snap up a Turkish residence this year.
Social BookmarkingAccording to Data from the Turkish Statistics Institute, Turkey's economy has continued to experience growth this year during the first quarter of 2008, the country's gross domestic product (GDP) was 6.6 per cent up when compared to 2007.
Property hunters looking for a second home or an investment property may wish to consider buying in Turkey for the low prices available in the country. Sunday mail has reported that Properties start as little as £19,000 for a holiday home, a good deal compared with the costlier areas of the Mediterranean such as Spain and Portugal.
The figures are likely to be of interest to overseas investors considering buying property for sale in Turkey, as the country has already become the "preferred venue" for property investment in the Mediterranean region. With the growing demand, property experts consider, Turkish real estate is as close as investors can get to a safe bet in terms of guaranteed returns.
This comes after the Voices newspaper reported that Turkish properties are becoming increasingly popular with Brits who want to live abroad and predicted that a record number of British buyers will snap up a Turkish residence this year.
Labels: Economy, Investment-property
