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Turkey boasts "impressive" housing market

Article Date : Wednesday, June 13, 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

The property market in Turkey now represents one of the most "attractive" investment opportunities for residential property buyers in Europe, according to a new report.

The Global Property Guide (GPG) argued that Turkey, along with Slovakia, Bulgaria, Romania and Hungary, is presently one of the best markets for investors due to "impressive" conditions within its housing sector.

Additionally, strong GDP growth, a government looking to introduce new reforms and no capital gains tax mean that the market in Istanbul is likely to suit a number of property investors, the firm said.

GPG claimed that although prices are "a little high" in Istanbul, investors are expected to find strong investment opportunities in the country's coastal regions.

Caroline Hollingworth of Hollingworth and Associates recently said that interest in Turkey among UK-based investors had increased during the first half of 2007, as people begin to look beyond "traditional" markets.
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