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Thursday 2 August 2007

Foreign investors keep eye on Turkish real estate

(From Todays' Zaman 31.07.07)
The stability in Turkey's economy and high growth rates in recent years have attracted foreign interest in Turkey's real estate market.

Foreign investors choose Turkey as one of the best countries to invest in because of its potential to gain value. Foreigners invested $6.2 billion within the last year in real estate in Turkey, and around $3.1 billion of this was spent on houses and summer houses.

Speaking to Today's Zaman, Yatırım Group General Manager Yusuf Gülpınar said European companies in particular are focused on real estate investments in Turkey. "European investment firms, mainly from Austria, England, Holland and Belgium, have made huge real estate purchases," he said.

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