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Turkish government 'encourages investment'

Article Date : Wednesday, June 20, 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

Turkey is set to become a popular destination for overseas property investors, particularly as the country's government is actively seeking to encourage the inflow of foreign capital, according to a new report.

Principal International argues that new mortgage laws and investment in infrastructure are likely to make Turkey far more attractive to investors looking to purchase property outside of traditional markets.

Simon Ryeland, director of the firm, says: "With more foreign capital being encouraged by the government, the expectation is that the country's economy will flourish, bringing with it more tourism and therefore investors."

Earlier in the month, the Global Property Guide (GPG) claimed that the property market in Turkey is now one of the most "attractive" in Europe for those seeking residential property.

Suggesting that "impressive" conditions within the sector make it a potential property hotspot, GPG said that, along with Slovakia, Bulgaria, Romania and Hungary, Turkey is likely to become increasingly popular with investors.
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