Turkey leading the way for south-east European property

Property investors who are depressed with the current state of the European property market may wish to turn their attention to the south-eastern destination of Turkey, it has been suggested.

The region was among the standout countries at the recent MIPIM trade show in Cannes and is leading the way in terms of property market recovery in the area.

According to Overseas Property Professional (OPP), despite nearby countries posting reduced demand and a glut of unsold properties which have caused house values to fall by 40 per cent in places, Turkey appears to be flourishing.

OPP reported that the country is benefiting from a stable financial structure - which Standard and Poor's latest credit analysis praised recently - and an every increasing population.

In addition, business ventures in the Middle East are placing it on a sound economic footing.

And as if that wasn't a positive enough picture, Turkey has also been cited as a destination which will see considerable growth in its tourism market in the next few years, research company RNCOS announced.

Three low-cost airlines have already released plans to increase flights to the destination later this year.

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