Economic downturn highlights Turkey's strong economy

The economic downturn has had a positive impact on the Turkish property market, it has been claimed.

According to a report on Write About Property, Turkish property agent Spot Blue has highlighted the encouraging affect the financial crisis has had upon revealing the country's economic potential.

Julian Walker, of Spot Blue, explains to the website that before the downturn, Turkey attracted mainly lifestyle buyers who had holidayed in the region, while investors seemed keen to wait until the country was granted EU entry before parting with their money.

He continued: "The credit crunch has not only widened this audience by making the Turkish lira a much more attractive currency than the euro and accelerating growth in tourism from Britain, but has also led to economic news taking centre stage, which has highlighted the economic potential of Turkey."

This has led to an increase in both the number of overseas property investors and lifestyle buyers, he claimed.

According to research company RNCOS, Turkey's tourism industry will experience significant growth in the coming years.

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