Strong economy helping Turkish property

Real estate values in Turkey have slowly begun to increase again during March, demonstrating the strength of its economy, it has been claimed.

According to the latest price index, compiled by REIDIN, property values in the country are showing signs of improvement, Property Wire has reported.

Slight rises were seen in Adana, Ankara, Bursa, Istanbul and in Kocaeli, but some areas didn't perform so well, with real estate values falling in Antalya and Izmir during the same period.

However, a recent report for CompaniesAndMarkets.com found that consumer confidence is returning to the region.

"The sharp improvement in the third quarter of 2009 has confirmed our long-held view that Turkey would be among the best positioned economies in emerging Europe to recover quickly and that a protracted recession would be unlikely," the report added.

Earlier this year, the International Monetary Fund revised its prediction for economic growth in Turkey for 2010.

It increased its original 3.7 per cent forecast to 5.2 per cent.

The news could lead to an increase in the number of investors looking at Antalya real estate listings, with the improving economy a good sign for future price growth.

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