Turkey's Property Market 'to Grow In 2010'

Turkey's property market 'to grow in 2010'

Article Date : 25 December 2009
News Section: Turkey

Turkey's property market is set for growth of five to six per cent next year, it has been predicted.

The Turkish Association of Real Estate Investment Companies issued the forecast, noting that this is expected to occur despite prices remaining flat, Hurriyet reports.

Chairman of the body Turgay Tanes commented: "The contraction in 2009 is expected to leave in its place limited growth in 2010. We do not expect any further declines in interest rates."

However, in a message that may interest those keen to see their investments in the country grow, he added that the "real revival" will take place in 2012.

Such a situation could mean those buying now or in 2010 will be able to enjoy significant growth in the value of their assets in the longer term.

Earlier this month, investor magazine Quest Turkey said the country's tourist rental sector has been benefiting from the low costs of travelling there, due to it being outside the eurozone and therefore less expensive for Britons due to the more favourable exchange rate.

Like this? Then share with your friends and colleagues!

Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Turkey's property market 'to grow in 2010'

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Turkey for You

Subscribe to This Feed

Property News in Turkey

Property News Search

News Archives