Turkish economy still 'attractive to foreign investors'

The Turkish economy is healthy enough to continue attracting overseas investment, an international banker has claimed.

A fall in the value of the Turkish stock market coupled with political uncertainty has led some commentators to suggest there could be problems ahead for the country's economy.

However, Amjad Ahmad, chief executive of NBK Capital Investment & Merchant Banking, insisted that the concerns were only minor and would not deter serious long-term investors.

Mr Ahmad told the Turkish Daily News the country's economy is continuing to improve and that it is still attracting money from the Middle East.

He added: "We never come to a market for short-term gains. Turkey's dynamics are very strong and that is why we will continue to do business here."

News that the economy is likely to carry on attracting money from overseas may well please the growing number of Britons who have invested in Turkish property.

A recent survey of mortgage lenders conducted by NatWest concluded that Turkey will be the third most popular location with Britons buying overseas during the next three years, reports the Telegraph.