Economic optimism boosting Turkish property market

Economic optimism in Turkey is having a positive effect on the nation's property market, according to data from the Turkish Statistics Institute, which is good news for people hoping to buy real estate in Mugla.

The figures show that the Turkish economy saw gross domestic product growth of 10.3 per cent in the second quarter of the year, making it the third fastest economy in the world for this period. The nation's construction industry is also booming posting 21.9 per cent growth in the second quarter of the year.

Commenting on the economic situation, David Walker, who is vice chairman (UK) of the Board for the Turkish British Chamber of Commerce and Industry, said: "Optimism has remained high in Turkey and this, coupled with hard work and the steady decline in unemployment, has meant that this faith has translated internationally. We are seeing greater numbers of Europeans seeking to invest in Turkey’s growing economy and property is one of the most popular means of doing so."

Last week, Turkey was named travellers' favourite country at the Conde Nast 12th Annual Readers' Travel Awards.
 

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