You can trust Turkish property developers, investors told
Article Date : Wednesday, May 23, 2007
Turkey has a strong property market with "highly professional" developers, the Federation of Overseas Property Developers, Agents and Consultants (Fopdac) has said.
Spokesperson Arlette Adler believes that Turkish developers are very scrupulous in their dealings.
However, she warned that Turkish estate agents are less conscientious and meticulous, and she advised that UK investors use a British agency.
"In our experience, if you're dealing with a Turkish developer, he will point out the restricted zones ? where you would be in danger of the law if you did build there," said Ms Adler.
"The only people we do sometimes have problems with are agents ? agents are a totally different breed to developers," she added.
A spokesperson from the Turkish Industrial Development Banks recently said that economic development and stability are "pulling real estate investors into Turkey".