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Buy
with confidence... This is what the experts say.....
"Turkey is becoming increasingly popular with British property investors due to attractive gross rental yields & low property
prices, property experts say.
Stuart Johnson of Experience International (EI), the overseas property firm, says there has
been strong appetite from investors interested in buying property in Turkey this year, especially for properties in Istanbul.
"Investors can buy a one-bedroom apartment in Istanbul off plan from around £40,000 or a completed new-build apartmen
from £75,000 – property remains cheap in Turkey," he says."
Financial Times, May 2010
Turkey’s
GDP
rose an impressive 6% in the last 3 months of 2009 compared to the same
period in 2008, far exceeding
the
4.5% growth forecast.Such strong growth has also prompted experts
to increase forecasts for
growth for 2010
from
a conservative 5.4%.
-
Wall
Street Journal, 2010
“Attaining
European Capital of Culture status has generally been
regarded as resulting in demand for real estate in the
cities
concerned. Cities suchas Liverpool, Barcelona both saw property prices
rise and this
year’s chosen location,
Istanbul, is predicted to see price
increases of up to 40%.“
-
PropertyWire,
2010
“Turkey’s
real estate market has attracted about $30
billion of investment in the past decade, with a third
coming from
abroad”
-
Hurriyet
Daily News & Economic Review, 2010
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