Turkey is a country that is rapidly emerging as a hotspot for overseas property investors, it has been stated.
In Dubai to open Akbank's office in the Dubai International Finance Center (DIFC), Suzan Sabanci Dincer, Akbank Chairman, has said Turkish companies can attract capital through professionalism.
"The Gulf countries have set their sights on Turkey", said Sabanci. "Fewer countries in the world are attracting investments. Turkey's young population and favorable average age are attracting interest. Foreign investors see Turkey as a bridge in this sense. I can see the possibility of Saudi Arabia investing in Turkey. " He added.
According to Mortgage Solutions-online, Mortgage expert with Conti Finance Michael Axelrod said that the country is "rising fast, becoming one of the top investment destinations in 2009". He also remarked that the country is tipped to see tourist numbers reach 30 million this year, stating that this is good news for holiday rentals investors as demand for these "will continue to outstrip supply".
Mr. Axelrod said his firm has seen a 65 per cent rise in applications for homeowner loans in the country, with Turkey benefiting from not being in the Euro zone and therefore being cheaper for UK buyers.
In related news, Atlas International recently cited Turkey as a popular location for investors looking to make purchases outside of the eurozone, as prices in the country are low compared to elsewhere in Europe.
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