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Turkey's EU Bid 'Good for Investors'

Article Date : Thursday, January 31, 2008       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

Turkey's bid to join the European Union could help to benefit investors in its property market, according to an expert.

Rhiannon Williamson, director of ShelterOffshore.com, said the government and most of the population were in favour of the country joining the international body, reports 999 Today.

She stated that authorities were currently working to ensure that the country met all the criteria outlined in the EU's entry requirements. Which is good news for potential purchasers of investment property in Turkey.

This, she continued, was leading to significant projects such as infrastructure improvements and reforms to various rules and regulations.

Ms Williamson commented: "All is being done to make property laws comparable with those in European Union member states."

She added that this would give investors confidence and security in the Turkish property market.

The country's proposed bid to join the EU has already met with opposition by some member states, including Germany and France.

However, other nations such as Spain and the UK have both come out in favour of Turkish accession.
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