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Strengthening economy 'buoying up Turkish investment'

Article Date : Friday, May 11, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Foreign investment in Turkey's real estate sector is on the up, buoyed by the country's stable economy, an expert has said.

Despite a slump in the market at the beginning of the decade, interest from overseas investors has been rekindled, according to a spokesperson from the Turkish Industrial Development Banks (TSKB).

Cansel Turgut Yazici, from the real estate evaluation department, said that "good years lie ahead" and investors who have already bought into the market "are on the right track".

"Economic development and stability are pulling real estate investors into Turkey," she told Turkish Weekly.

Ms Yazici said she believed that foreign interest would spread out from Istanbul into other regions.

A recent survey by GfK Turkiye revealed 59 per cent of investors consider the Turkish government to be capable of maintaining economic stability, while 77 per cent think that inflation is under control.
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