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Turkey investors to benefit from economic growth

Article Date : Monday, December 10, 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

Owners of Turkish property may be likely to benefit from continuing economic growth in the country.

The Organisation for Economic Co-operation and Development (OECD) stated that between now and 2009, its economy would expand by six per cent.

A report by the body, which was cited by the Guardian, said that achieving this figure was a possibility assuming that Turkey was able to avoid any unforeseen events that could negatively impact on its growth.

OECD said: "If the pending reforms targeted by the government are implemented assertively, this could accelerate Turkey's shift to a stronger growth rate."

The organisation's economic outlook is more optimistic than that of the Turkish government, which has forecast growth of 5.5 per cent over the next two years.

However, both estimates will be positive reading for owners of property in the country, including both investment buyers and those with holiday homes.

According to BuyAssociation, Turkey has become more popular with foreign investors in recent years because airlines have made it much easier to reach.
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