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Turkish market sees 40 per cent price rises

Article Date : Monday, July 16, 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 Turkish property market has seen property price increases of nearly 40 per cent in the past two years, according to one expert at New Turkish Properties.

Michael Harrop highlights steady growth in the Turkish property market, which has seen steady increases in foreign investment since 2005.

Subsequently, Turkey is fast establishing itself as a leading destination for foreign property investors looking for long-term opportunities, drawn to a market that is undergoing something of a boom.

Mr Harrop states that a range of factors serve to boost the appeal of Turkey, including attractive weather, rising property values and a strong holiday home market which in turn signals strong demand.

"In the last two years my property values have appreciated by about 40 per cent, and I would imagine over the next three years it will probably be about the same," he remarked.

Principal International reports a boom in the Turkish property market as buyers seek out new opportunities away from traditional favourites.
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